Lomiko Issues 1,356,000 Shares to Settle Debt

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July 15, 2020 TSX-V: LMR

Lomiko Issues 1,356,000 Shares to Settle Debt

Vancouver BC - LOMIKO METALS INC. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (the “Company”)

announces that it will be making an application to the TSX Venture Excha nge for the issuance of 1,356,000

common shares at a deemed value of $0.05 to pay an outstanding debt $67,800.

For more information, revie w the website at http://www.lomiko.com, contact A. Paul Gill at 604-729-5312

or email: [email protected]

On Behalf of the Board

A. Paul Gill

President and Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider ( as that term is defined in the polic ies of the TSX Venture

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