Lomiko Closes 2nd Tranche of Private Placement

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

October 4, 2018 TSX-V: LMR

LOMIKO CLOSES 2nd TRANCHE OF PRIVATE PLACEMENT

(Vancouver, B.C.) Lomiko Metals Inc. (“Lomiko”) (TSX -V: LMR, OTC: LMRMF, FSE: DH8C) announces it has

closed the 2nd tranche of its private placement and will issue 5,890,000 units at $0.05 per unit for proceeds of

$294,500. Each unit will b e comprised of one share and one share purchase warrant, with each warrant exercisable

at a price of $0. 10 for a period of two years from closing. A finder’s fee of cash 7% and 7% in warrants has been

agreed to be paid/issued. Proceeds will be used for working capital.

Due to overwhelming demand, the C ompany will be seeking approval to increase this financing for a 3rd tranche to

raise an additional $450,000. In total the Company anticipates it will raise $1,000,000.

The securities to be issued pursuant to the 2 nd tranche will have a hold period expiring February 11, 2019. The

closing of the transaction, the issuance of the secur ities and the payment of the finder’s fee is subject to the final

approval of the TSX Venture Exchange.

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

at: [email protected].

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 t erm is

defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.