Mr. Paul Gill of Lomiko reports

LOMIKO AND CANADA STRATEGIC INTERSECT 31.50 METRES OF 13.09% CG AND EXTEND LA LOUTRE HIGH GRADE FLAKE GRAPHITE ZONE

Lomiko Metals Inc. and Canada Strategic Metals Inc. have released additional high-grade graphite results from the Refractory zone at the La Loutre project of 7.67 per cent flake graphite (Cg) over 85 metres, including 13.09 per cent graphite over 31.5 metres from hole LL-16-06.

The area of mineralization appears to be 200 metres wide, has a current strike length of over 400 metres in a northwest to southeast direction and is open in both directions.

The attached table shows the results from infill drilling from holes LL-16-01 to LL-16-06. In December, 2016, the companies completed a 1,550-metre drill program of 10 holes in the Refractory zone and will release holes LL-16-07 to LL-16-10 as results are received and compiled.

"The current drilling program is providing an opportunity to expand the size of the Refractory zone to find the best opportunity to define our proposal for a low footprint, open pit operation," stated A. Paul Gill, CEO 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 the Imerys carbon and graphite mine, formerly known as the Timcal graphite mine, North America's only operating graphite mine, and 117 kilometres northwest of Montreal.

          MINERALIZED INTERSECTIONS (1)

              From        To    Length       Gp
Hole No.        (m)       (m)    (m)(1)      (%)
 
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
LL-16-002     3.90     26.20     22.30    17.08
Includes    113.90    129.00     15.10    14.80
LL-16-003    30.20    141.00    110.80    14.56
LL-16-004                 No significant values        
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

(1) Length along the core. The company does not
have enough information to estimate 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 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 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 (OGQ No. 773), geologist, is a shareholder of both companies, president and chief executive officer of Canada Strategic, and a qualified person under National Instrument 43-101, who has reviewed and approved the technical content of this release.

We seek Safe Harbor.