Lomiko Closes Raise of $1,167,552

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

November 7, 2018 TSX-V: LMR

LOMIKO CLOSES RAISE OF $1,167,552

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

closed the 3rd and final tranche of its private placement and will issue 12,400,000 units at $0.05 per unit for proceeds

of $ 620,000. 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 10% cash has been agreed to

be paid. Proceeds will be used for working capital. In total, the Company has raised $1,167,552.

The securities to be issued pursuant to the 3 rd tranche will have a hold period expir ing March 8, 2018. The closing

of the transaction, the issuance of the securities 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 TS X 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.