Mr. Paul Gill of Lomiko reports

LOMIKO AND CANADA STRATEGIC START 10,000 METRE, 75-100 HOLES DRILL PROGRAM AT LA LOUTRE

Lomiko Metals Inc. and Canada Strategic Metals Inc. have begun the La Loutre drill program. After completion, the property will then be assessed for a resource and a preliminary economic assessment (PEA) if warranted. A recent sampling program provided encouraging results identified high-grade, near-surface mineralization.

"Drilling should reach a vertical depth of no more than 150 metres, the rule-of-thumb physical depth limit of a standard open pit," stated A. Paul Gill, chief executive officer of Lomiko. "Our goal is to become a low-cost producer of graphite in Quebec. A good example of an open-pit mining operation established on this principal is the Imerys carbon and graphite mine located nearby."

Setting high standards is required to stand out in the current and future graphite market. Viable near-surface mineralization reduces the amount of waste rock that needs to be moved, reducing overall cost of the project and reducing environmental impact. Recent PEA publications in the graphite industry indicating capital expenditures of $100-million or more for developing a project and an oversupply of graphite projects requiring sustained prices of over $2,500 per tonne stress the need to deliver a low-capex project with sustainable costs in the current small, volatile market.

Jean-Sebastien Lavallee, OGQ No. 773, geologist and shareholder, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

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