Mr. Paul Gill of Lomiko Metals reports

LOMIKO AND CANADA STRATEGIC INTERSECT 110.8 METRES OF 14.56 % AND 135.6 METRES OF 7.74% INCLUDING 44.1 METRES OF 16.81% AND 22.3 METRES AT 17.08% FLAKE GRAPHITE AT LA LOUTRE

Lomiko Metals Inc. and Canada Strategic Metals Inc. have received high-grade graphite results from the near-surface Refractory zone at the La Loutre project of 7.74 per cent graphite over 135.6 metres, including 16.81 per cent graphite over 44.1 metres from hole LL-16-01, two different intersections in hole LL-16-02 reporting 17.08 per cent graphite over 22.3 metres and 14.8 per cent graphite over 15.1 metres, and 110.8 metres of 14.56 per cent graphite in hole LL-16-03.

The attached table shows the results from infill drilling from holes LL-16-01, LL-16-02 and LL-16-03, and previous results from 2015.

In December, 2016, the companies completed a 1,550-metre drill program of 10 holes in the Refractory zone, and they will release holes LL-16-04 to LL-16-10 as results are received and compiled.

"Our goal is to deliver a world-class graphite resource at La Loutre. Today's excellent results for the first two of 10 drill holes has delivered even better results than last year. Each drill hole provides better definition of the property's potential and bolsters the case for a top-tier pre-economic assessment," stated Paul Gill, chief executive officer of Lomiko Metals.

The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares (28,67 square kilometres) situated approximately 53 kilometres east of Imerys carbon and graphite, formerly known as the Timcal graphite mine, North America's only operating graphite mine, and 117 kilometres northwest of Montreal.

           MINERALIZED INTERSECTIONS

Hole No.*       From       To     Length*     Gp    
                  (m)      (m)        (m)     (%)
   
LL-16-001       3.90   139.50     135.60    7.74
Including       3.90    48.00      44.10   16.81
LL-16-002       3.90    26.20      22.30   17.08    
              113.90   129.00      15.10   14.80    
LL-16-003      30.20   141.00     110.80   14.56 

* Length along the core. The company does not
  have enough information to estimates the true 
  width of the mineralized zone intersected in
  the drill holes.

The 2016 drilling program is managed by Consul-Teck Exploration of Val d'Or, Que., which designed the drilling campaign, supervised the program, and logged and sampled the core.

Consul-Teck Exploration implemented QA/QC (quality assurance/quality control) 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 witness 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 Minerals in Val d'Or, Que. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70 per cent minus two millimetres, then separated and pulverized to 85 per cent passing 75 micrometres. All samples are analyzed for carbon graphite using C-IR18.

Jean-Sebastien Lavallee, geologist, a shareholder of both companies, president and chief executive officer of Canada Strategic, and a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this release.

We seek Safe Harbor.