LMR.V · 2017-08-23 12:00:00

Lomiko Announces Closing of 2nd Tranche of Private Placement Corrected and Revised

Financings

#439- 7184 120th Street, Surrey, B.C. V3W 0M6

August 23, 2017 TSX-V: LMR

LOMIKO ANNOUNCES CLOSING OF 2nd TRANCHE OF PRIVATE PLACEMENT

CORRECTED AND REVISED

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DIS SEMINATION IN

THE UNITED STATES

Lomiko Metals Inc. (TSX -V: LMR; OTC: LMRMF; FSE: DH8B, WKN: A0Q9W7) (the "Company" or "Lomiko")

announces it has been successful in closing a 2 nd tranche of its private placement announced as to $ 583,920. The

Company has issued:

(1) 192,000 Flow-Through Units ( the “FT Units”) at a price of $0.26 per FT Unit. Each FT Unit

consists of one flow -through common share and one warrant exercisable for 24 months at $0.29 ;

and

(2) 2,670,000 Units (the “Units”) at a price of $0.20 per Unit. Each Unit consists of one common

share and one share warrant exercisable for 36 months at $0.29.

The shares have been issued having a hold period expiring December 24, 2017.

The proceeds will be used to complete option payments and working capital.

This news release does not constitu te an offer to sell or a solicitation of an offer to buy nor shall there be any sale of

any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities

have not been and will not be registered under th e United States Securities Act of 1933, as amended (the "U.S.

Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the

United States or to, or for the account or the benefit of, U.S. persons (as de fined in Regulation S under the U.S.

Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an

exemption from such registration requirements.

For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604 -729-5312 or by email

ON BEHALF OF THE BOARD

LOMIKO METALS INC.

A. Paul Gill,

President and Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.