Mr. Paul Gill of Lomiko reports

LOMIKO AND CANADA STRATEGIC COMPLETE DRILLING PROGRAM AND REPORT BEST INTERCEPT OF 110.80 METRES OF 14.56% FLAKE GRAPHITE

Lomiko Metals Inc. and Canada Strategic Metals Inc. have released additional high-grade graphite results from the Refractory zone at the La Loutre project.

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 hole LL-16-01 to LL-16-010. A map of drill holes can be found on the company's website under the heading quicklinks: February, 2017, drill map, which includes 2015 and 2016 results and highlights. In December, 2016, the companies completed a 1,550-metre drill program of 10 holes in the Refractory zone.

"The current drilling program has resulted in a major discovery of near-surface flake graphite. This provides us the opportunity to define our proposal for a low-footprint, open-pit operation," stated A. 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 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           Mineralization      Gp
Drill hole No.       (m)       (m)   length along the core      (%)

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          113.9    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-16-006         54.00    141.00                    85.00    7.67
Includes         109.50    141.00                    31.50   13.09
LL-16-007         52.50    115.80                    63.30    8.51
Includes          69.00     85.50                    16.50   15.75
LL-16-008        109.50    121.50                    12.00    3.91
LL-16-009                                    No significant values
LL-16-010         31.20     45.00                    13.80    4.14
                  72.00    147.00                    75.00    4.60

(1) 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 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 the Canada Strategic and a qualified person under National Instrument 43-101, and has reviewed and approved the technical content of this release.

We seek Safe Harbor.