Exploration Begins at the La Loutre and Lac Des Iles West Crystalline Flake Graphite Properties

Press Releases  |

VANCOUVER, BC & MONTREAL, QC / June 15, 2015 / LOMIKO METALS INC. (LMR:CA) (LMRMF) (FSE: DH8B.F) (the "Company") and Canada Strategic Metals (CJC:CA) are pleased to announce that they have started exploration at the La Loutre and Lac Des Iles West Crystalline Flake Graphite Properties located in Quebec. After completion of commitments outlined in a February 9, 2015 news release, Lomiko would own 80% interest in each property and Canada Strategic would own 20%. Lomiko is fully funded to complete its 2015 work program.

The La Loutre Property consists of 1 large contiguous block of 42 mineral claims totalling 2,508.97 hectares (25.09 km2) located approximately 53 km Southeast of Imerys Carbon and Graphite Lac des Iles graphite mine, 117 km northwest of Montréal in southern Québec.

Phase 1 of the 2015 exploration work would consist of a 5,000 meter delineation and definition diamond drilling program with NQ size core to outline potential compliant mineral resources in all categories in follow-up to the initial 2014 drill campaign which outlined graphite mineralization over a 800 meter strike length. Also, part of the program will be dedicated to test others parallel zones as a part of the exploration program. Drilling should reach a vertical depth of 150 meters, the "rule-of-thumb" physical depth limit of a standard open pit.

Of particular interest is an area of the La Loutre Property which reported grab samples up to 22.04% Carbon Flake Graphite (CFG) and Carbon Purity Test results reporting up to 100.00% Carbon Purity in the Large and Extra Large Flake Graphite categories. Drilling in 2014 (below) indicated significant near-surface mineralization. Details regarding these tests are available in a September 23, 2014 news release.

The 2014 drilling program at La Loutre was managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core. A full set of drill results are reported in the February 9, 2015 news release.

Highlighted Drill Results From La Loutre

*Length along the core. The Company estimates the true width of the mineralized zone at 70 to 90% of the width intersected in the drill holes.

Consul-Teck Exploration implemented QA/QC 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, Quebec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75µm. All samples are analyzed for Carbon Graphite using C-IR18.

The Lac des Iles West property consists of 1 large contiguous block of 104 mineral claims totaling 5,601.30 hectares (56.01 km2) that borders the western limit of the Imerys Lac Des Iles property which is the location of the Imerys Carbon and Graphite Mine and Processing Facility. The Property is close to the town of Mont-Laurier, 150 km northwest of Montréal in southern Québec.

The Phase 1 exploration work will consist of prospecting, mapping and sampling with a focus to determine the strike length of the graphitic mineralization outlined during the 2012 prospecting program by Canada Strategic and a magnetic-electromagnetic survey on the entire property. Once the strike length is validated with the graphite bearing bedrock grab samples, the surface mineralization and matching conductors would be drill tested and assayed to a vertical depth of -100 meters, with preliminary metallurgical testing of the graphite bearing drill core, if program report results of merit for drilling program.

Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

For more information, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.

On Behalf of the Board

"A. Paul Gill"
Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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