Ms. Gordana Slepcev reports

LOMIKO METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$500,000

Lomiko Metals Inc. has closed its private placement for aggregate gross proceeds of $500,000 through the issuance of five million units of the company at a price of 10 cents per unit. Each unit consists of one common share of the company and one-half common share purchase warrant, with each whole warrant entitling the holder to acquire one common share of the company at a price of 15 cents per share for a period of three years following the closing of the offering.

The company intends to use the proceeds of the offering for general working capital purposes, the advancement of the La Loutre natural flake graphite project and for regional graphite exploration.

All securities issued shall be subject to a hold period expiring four months and one day from the Closing. The offering remains subject to final acceptance of the TSX Venture Exchange.

The insiders of the company subscribed for a total of 1.4 million units. As such, this participation constitutes a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the units acquired by the insider nor the consideration for the units paid by such insider exceeds 25 per cent of the company's market capitalization.

The company did not file a material change report 21 days prior to the closing date of this private placement, as details of the respective participation of such insiders in the financing were unknown at such time.

About Lomiko Metals Inc.

The company holds mineral interests in its advanced La Loutre graphite development in Southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory, which is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totalling 4,528 hectares (45.3 square kilometres).

The company also holds an interest in seven early stage projects in Southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims over 18,622 hectares in the Laurentian region of Quebec and within KZA territory.

The company has optioned an early stage property prospect in the precious metals, antimony and REES. The Yellow Fox property is located approximately 10 kilometres southwest of the town of Glenwood, Newfoundland, and south of the Trans-Canada Highway.

We seek Safe Harbor.