Lomiko Metals Inc.
Lomiko Metals Inc. and Canada Strategic Report 18.4 M Tonnes of 3.19% Indicated and 16.7 M Tonnes of 3.75% Inferred Flake Graphite Resource with 1.5% Cut-Off

DGAP-News: Lomiko Metals Inc. / Key word(s): Miscellaneous

2016-02-09 / 12:00
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------


Vancouver, British Columbia and Montreal, Quebec--(Newsfile Corp. -
February 9, 2016) - Lomiko Metals Inc. (TSXV: LMR) (OTCQX: LMRMF) (FSE:
DH8B) and Canada Strategic Metals Inc. (TSXV: CJC) (FSE: YXEN) (OTC Pink:
CJCFF) ('Canada Strategic Metals') are pleased to announce a Resource for
the La Loutre Flake Graphite Property of 18.4 M Tonnes of 3.19% Indicated
and 16.7 M Tonnes at 3.75% Flake Graphite Inferred with a cut-off of 1.5%.

The sensitivity table also features 4.1 M Tonnes of 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 recent
high grade intercepts of 28.5 metres of 16.53% Cg and 21.5 metres of 11.53%
Cg reported January 6, 2016 and 9% over 90.75 metres reported September
24th, 2015 from the Refractory Zone.

The La Loutre property consists of contiguous claim blocks totalling
approximately 2,867.29 hectares (28.67 km2) situated approximately 53 km
east of Imerys Carbon and Graphite, formerly known as the Timcal Graphite
Mine, North America's only operating graphite mine, and 117 km northwest of
the International Port of Montreal, key to shipping to North America and
Europe. Lomiko is currently completing an option to acquire 80% of the
property which requires $665,000 more in work and issuing of 1.5 Million
shares to be issue February 15th, 2016.

  [image: http://orders.newsfilecorp.com/files/1944/19182_magnified.jpg]

                         Magnified Flake Graphite

         To view an enhanced version of this image, please visit:
  http://orders.newsfilecorp.com/files/1944/19182_magnified-enhanced.jpg

'The La Loutre Property is located close to the Imerys Carbon and Graphite
Mine and benefits from similar infrastructure advantages and similar flake
graphite grade, deposit size and near surface mineralization amenable to
low cost, small footprint extraction. All of these elements make this an
excellent candidate for a positive PEA', stated A. Paul Gill, CEO, Lomiko
Metals Inc., 'Lomiko is proceeding with the PEA immediately.'

'We are very pleased with the results from the first resource estimate
performed on the La Loutre property. The results from this resource
estimate clearly demonstrate the strong potential for future development on
the property, particularly with all the infrastructure around the project
and the proximity with the Imerys Carbon mine. With 20% carry interest in
the project, we hope to be able to leverage our interest to develop our
others assets.', stated Jean-Sebastien Lavallee, President &CEO, Canada
Strategic Metals, 'We are very excited by the decision to move the project
forward to PEA level in the coming months.'

The La Loutre Resource is constrained within a drilled area of
approximately 900 m along the N150° striking trend of the graphitic
paragneiss, 250 m across the strike and 225 m below surface. Geological
interpretation and estimation were based on 62 NQ drill holes (totaling
8,193.3 m) drilled by Lomiko and Canada Strategic Metals in 2014 and 2015.

InnovExplo performed the geological interpretation and correlated the
mineralized zones on vertical sections spaced 50 metres apart. The
mineralized-zone model was constructed to outline zones of continuous
mineralization along an average trend of N150° and an average dip of 45°. A
minimum width of 4.0 meters (true width) was respected for the
interpretation model. InnovExplo constructed a mineralized-zone wireframe
model delimiting the geologically defined extent of all mineralized zones.
The 2016 Mineral resource Estimate includes 18 graphite-bearing zones
grouping elevated graphite mineralization (assays > 4% Cg), 4
graphite-bearing zones containing low graphite grade (assays < 4 % Cg), 5
graphite-bearing quartzite (assays < 4% Cg), and a remaining external
envelope hosting isolated low graphite grade.

The mineral resource was estimated using 3-D block modeling (block size = 5
m x 5 m x 5 m), with the grades of the blocks calculated using the inverse
distance squared (ID2) interpolation method for a 1000-metre strike length
corridor of the La Loutre deposit, down to a vertical depth of 180 metres
below surface.

The resources are constrained in a Pit shell of 1,100 m by 350 m by 100 m
maximal depth.

2016 Pit constrained Mineral Resource Estimate (Indicated and Inferred
resources) at different cut-off grades - La Loutre Property

   [image: http://orders.newsfilecorp.com/files/1944/19182_regualr.jpg]

         To view an enhanced version of this image, please visit:
   http://orders.newsfilecorp.com/files/1944/19182_a1454978599733_3.jpg

The Independent and Qualified Persons for the Mineral Resource Estimate, as
defined by NI 43-101, are Bruno Turcotte, M.Sc., P.Geo., and Guilhem
Servelle, M.Sc., P.Geo, both of InnovExplo under the supervision of Vincent
Jourdain, Ph.D., Eng., Technical Director of InnovExplo Inc.

The effective date of the estimate is January 15, 2016.

Mineral Resources are not Mineral Reserves and do not have demonstrated
economic viability.

Pit constrained results are presented undiluted within a Whittle-optimized
pit shell, designed with a 30-m buffer around lakes.

The estimate includes 18 graphite-bearing zones grouping elevated carbon
graphite grade (assays > 4% Cg), 4 graphite-bearing zones containing low
carbon graphite grade (assays < 4 % Cg), 5 graphite-bearing quartzite
(assays < 4% Cg), and a remaining external envelope hosting isolated low
carbon graphite grade.

Pit constrained resources were compiled at cut-off grades of 0.5, 0.6, 0.8,
1.0, 1.5, 2.0, 2.5 and 3.0 % Cg. The official Pit constrained resource is
reported at a cut-off grade of 1.5 % Cg.

Cut-off grades must be re-evaluated in light of prevailing market
conditions (graphite price, exchange rate and mining cost).

Density (g/cm3) data used is on a per zone basis varying from 2.70 to 2.85
g/cm3.

A minimum true thickness of 4.0 m was applied, using the grade of the
adjacent material when assayed, or a value of zero when not assayed.

Based on a study of the effect of high-grade values on the mean and
standard deviations, as well as on log-normal histograms and probability
plots, no raw assay was capped within the mineralized zones.

Compositing was done on drill hole sections falling within the mineralized
zones (composite = 1.5 m).

Resources were estimated using GEOVIA GEMS 6.7 software from surface drill
holes, using inverse distance squared (ID2) interpolation method in a block
model (block size = 5 m x 5 m x 5 m).

By default, interpolated blocks were assigned to the Inferred category.

The reclassification to an Indicated category is defined in areas of
spatial continuity in terms of information density visually observed and
supported by the maximum distance to drill hole composites less than 30 m.

Calculations used metric units (metres, tonnes and %).

The number of metric tonnes was rounded to the nearest hundred. Any
discrepancies in the totals are due to rounding effects; rounding followed
the recommendations in NI 43-101.

InnovExplo is not aware of any known environmental, permitting, legal,
title-related, taxation, socio-political, marketing or other relevant issue
that could materially affect the mineral resource estimate.

Whittle parameters used (all amounts in Canadian dollars): Reference Mining
cost=$3.75, milling cost=$9.40/t, G&A=$2.11/t, graphite price=$1,910/t,
milling recovery=95%, wall slopes of 45 degrees in rock and 18 degrees in
overburden.

QUALIFIED PERSONS

Jean-Sebastien Lavallee (OGQ #773), P. Geo, shareholder of both companies,
President & CEO of Canada Strategic Metals and is Qualified Person as
defined by National Instrument 43-101. Mr. Lavallee drafted, reviewed and
approved the technical and scientific content of this press release, except
for the content relating to the resource estimate.

This press release has been reviewed and approved by Bruno Turcotte, P.
Geo, Guilhem Servelle, P. Geo., and Vincent Jourdain, Eng., who are
qualified persons within the meaning of the National Instrument 43-101
guidelines.

The resource estimate was prepared under the supervision of Vincent
Jourdain, an InnovExplo geoscientist and consulting engineer. Mr. Jourdain,
an independent qualified person within the meaning of National Instrument
43-101, has reviewed and approved the technical content of this press
release as it relates to the resource estimate.

For more information on Lomiko Metals, review the website at
www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email:
info@lomiko.com

On Behalf of the Board

'A. Paul Gill'

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

Click on, or paste the following link into your web browser, to view
the associated documents

http://www.newsfilecorp.com/release/19182

News Source: Newsfile


---------------------------------------------------------------------------

2016-02-09 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------


     Language:    English             
     Company:     Lomiko Metals Inc.  
   
   
                  Canada              
     ISIN:        CA54163Q1028        
   
   
     End of News    DGAP News Service