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LMR.V ·

Lomiko Closes Financing to Fund La Loutre Drilling Campaign

Financings

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

January 08, 2018 TSX-V: LMR

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION

OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Lomiko Closes Financing to Fund La Loutre Drilling Campaign

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

conditional approval from the TSX Venture Exchange and now will close a issu e 3,171,500 units at $0.14 for gross

proceeds of $444,010 . Each unit will be comprised of one common share and one share purchase warrant, with

each whole warrant exercisable into one common share at a price of $0.20 for a period of one year from closing.

All securities will be subject to a four-month plus one day hold period from the closing.

Proceeds of the private placement will be used to complete further drilling at the La Loutre Property in the Refractory

Zone in order to define a resource in compliance with 43-101 and for working capital.

A. Paul Gill, a director and officer of the Company has participated for 500,000 units and AJS Management Corp., a

company controlled by A. Paul Gill participated for 340,000 Units.

The issuance of the securities 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.

Signed: “A. Paul Gill”

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 t he TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.