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Lomiko Receives Drill Permit FOR High-Grade Zone at LA Loutre Flake Graphite Property

Permits & Approvals

# 4 3 9 - 7 1 8 4 1 2 0 t h S t r e e t , S u r r e y , B . C . V 3 W 0 M 6

LOMIKO RECEIVES DRILL PERMIT FOR HIGH-GRADE ZONE AT LA LOUTRE

FLAKE GRAPHITE PROPERTY

Vancouver, B.C and Montreal, Quebec January 29, 201 8– Lomiko Metals Inc. (“Lomiko”)

(TSX-V: LMR, OTC: LMRMF, FSE: DH8C) and Canada Strategic Metals Inc. (“Strategic

Metals””) (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF) are very pleased to announce a drill permit

has been received for a 2,000 metre, 25 drill hole program at the Refractory Zone of the La Loutre

property.

Project Highlights

 On February 9 th , 2016, Lomiko Metals and Canada Strategic announce d a resource for

the La Loutre Flake Graphite Property of 18.4 M Tonnes of 3.19% Cg Indicated and 16.7

M Tonnes at 3.75% Cg Inferred with a cut-off of 1.5%.

 The sensitivity table also features 4.1 M Tonnes o f 6.5% Indicated and 6.2 M Tonnes at

6.1% Flake Graphite Inferred with a cut-off of 3%.

 The Resource is calculated on the Graphene-Battery Zone only and does not include

high-grade intercepts of 31.50 13.09 Cg, 44 .1 metres of 16.81% Cg, 110.8 metres of

14.56%, 22.3 metres of 17.08 Cg, 90.75 metres of 9% Cg reported from the Refractory

Zone.

 The Refractory zone mineralization appears to be 2 00 metres wide, have a current strike

length of over 400 metres in a north-west to south east direction and is open in both

directions. Please review all results by clicking the link to the drill map .

 Lomiko currently owns 80% of the property and will be increase to 100% subject to an 2%

NSR, issuance of 750,000 shares and completion of $ 1,125,000 work set out in a May

3rd , 2016 News release.

 The La Loutre property consists of contiguous clai m blocks totalling approximately

2,867.29 hectares (28,67 km 2) situated approximately 53 km east of Imerys Carbo n and

Graphite, formerly known as the Timcal Graphite Min e, North America’s only operating

graphite mine, and 117 km northwest of Montreal.

2016 Refractory Zone Drill Results

Hole # From (m) To (m) Length*

(m) Gp %

LL -16 -001 3.90 139.50 135.60 7.74

includes 3.90 48.00 44.10 16.81

includes 135.00 138.00 3.00 14.85

Hole # From (m) To (m) Length*

(m) Gp %

LL -16 -002 3.90 26.20 22.30 17.08

includes 113.9 129.00 15.10 14.80

LL -16 -003 30.20 141.00 110.80 14.56

LL -16 -004 NSV

LL -16 -005 55.80 57.40 1.60 13.35

LL -16 -06 54.00 141.00 85.00 7.67

includes 109.50 141.00 31.50 13.09

LL -16 -007 52.50 115.80 63.30 8.51

includes 69.00 85.50 16.50 15.75

LL -16 -008 109.50 121.50 12.00 3.91

LL -16 -009 NSV

LL -16 -010 31.20 45.00 13.80 4.14

72.00 147.00 75.00 4.60

* Length along the core. According to the Society, the true width of

the drill hole represents between 80 % and 95 % along the core.

The drilling program at La Loutre will be managed b y Consul-Teck Exploration of Val-d'Or,

Quebec, who designed the drilling campaign, supervised the program and logged and sampled

the core.

Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling

and analysis of the core samples. The drill core was logged and then split, with one half sent for

assay and the other retained in the core box as a w itness sample. Duplicates and blanks were

inserted regularly into the sample stream.

The samples in secure tagged bags were delivered directly to the analytical facility for analysis.

In this case, the analytical facility was the ALS m inerals in Val-d'Or, Quebec. The samples are

weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2

mm, then separated and pulverized to 85% passing 75µm. All samples are analyzed for Carbon

Graphite using C-IR18.

Jean-Sebastien Lavallée (OGQ #773), Geologist, is a shareholder of both companies, President

and Chief Executive Officer of the Canada Strategic and a Qualified Person under NI 43-101, has

reviewed and approved the technical content of this release.

For more information on Lomiko Metals, review the website at www.lomiko.com , contact A. Paul

Gill at 604-729-5312 or email: [email protected].

On Behalf of the Board,

“A. Paul Gill”

Chief Executive Officer

We seek safe harbor.

Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the poli cies of the TSX Venture

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