Mr. Paul Gill of Lomiko reports

LOMIKO AND CANADA STRATEGIC EXTEND OPTION AGREEMENTS ON LA LOUTRE AND LAC DES ILES GRAPHITE PROPERTIES FOR 100% OWNERSHIP

Lomiko Metals Inc. and Canada Strategic Metals Inc. have agreed to amend and extend two options agreements for the La Loutre and Lac des Iles properties dated Feb. 6, 2015, and May 13, 2016, which allow Lomiko to earn 80-per-cent ownership and then 100-per-cent ownership of the two properties, respectively.

"We eagerly await drill results from the completed La Loutre drill program in early 2017," stated A. Paul Gill, chief executive officer of Lomiko Metals.

Lomiko has yet to complete the first option as $383,000 work remains to be done. The two companies have now agreed that, under the Feb. 6, 2015, option agreement to earn 80 per cent, the deadline date for work completion will be extended from Dec. 31, 2016, to June 30, 2017. All other requirements under the agreement have been met.

In addition to the changes to the Feb. 6, 2015, agreement, the companies have also amended the May 13, 2016, agreement to earn 100 per cent which starts after the completion of the Feb. 6, 2015, option. The companies have agreed to eliminate the $10,000 payment required at point 6.A.1 (a) of the option agreement, dated May 13, 2016.

In lieu of the above changes, Lomiko has agreed it will issue and deliver 200,000 of its common shares to Canada Strategic within 10 days of Toronto Stock Exchange approval of the agreement.

We seek Safe Harbor.