Lomiko Metals Inc. announced the following regional exploration updates. The Company has staked approximately 268 mineral claims covering 15,639 hectares on six blocks in the Laurentian region of Quebec, approximately 200 kilometres northwest of Montréal within the Kitigan Zibi First Nation's territory. These new claim blocks lie within a 100 km radius of the Company's La Loutre graphite project.

1518-line kilometres of heliborne magnetic and time-domain electromagnetic surveys completed over the six Grenville graphite properties 55 targets prospective for graphite mineralization identified Targets to be ground tested with Beep-Mat prospecting and sampling. Within the Central Metasedimentary Belt of the Grenville Geological Province, graphite mineralization is known to occur in conjunction with various types and amounts of sulphides suggesting that a combined geophysical High-resolution magnetic (“MAG”) and time-domain electromagnetic (“TDEM”) response is expected from graphite-bearing rock units. The strong correlation of TDEM and MAG anomalies implies that magnetic sulphide minerals are likely to compose at least part of the anomaly sources.

These are considered first steps in developing natural flake graphite exploration campaigns. The 179-line-km survey flown over the 28-claim Boyd project located adjacent to the historical Standard graphite deposit identified 260 TDEM point anomalies with 65 having an intermediate to strong conductive response. Seven linear TDEM trends show strong correlation with magnetic trends and are considered prospective targets for graphite-sulphide mineralization.

Three other TDEM trends are associated with MAG lows or do not show any clear correlation to magnetic data. Graphite hosted within non-magnetic marble rocks may be the source of TDEM responses of this sort. The 175-line-km heliborne survey flown over the 33-claim Meloche project located 25 km southeast of Mont-Laurier identified 229 TDEM point anomalies with 33 having an intermediate conductive response.

Two linear TDEM trends and three spot anomalies show strong correlation with magnetic trends and are considered prospective targets for graphite-sulphide mineralization. Two of these targets correspond with known surface occurrences, including the Lac Meloche occurrence where visible flake graphite has previously returned up to 13.85% graphite and the Lac Pimodan-NE occurrence where visible flake graphite has previously returned up to 10.13% graphite. A sixth target is defined by two TDEM anomalies over a MAG low.

The 372-line-km survey flown over the 69-claim Dieppe project located 55 km north of Mont-Laurier identified 320 TDEM point anomalies with 24 having an intermediate to strong conductive response. Three linear TDEM trends show strong correlation with magnetic trends and are considered prospective targets for graphite-sulphide mineralization. One of these targets correspond with the known Lac Dieppe occurrence where visible flake graphite has previously returned up to 11.6% graphite.

Three other TDEM trends are associated with MAG lows or do not show any clear correlation to magnetic data. Graphite hosted within non-magnetic marble rocks may be the source of TDEM responses of this sort. The 246-line-km survey flown over the 47-claim Ruisseau project located 50 km ENE of Mont-Laurier identified 538 TDEM point anomalies with 204 having an intermediate to very strong conductive response.

Eleven linear TDEM trends and three spot anomalies show strong correlation with magnetic trends and are considered as prospective targets for graphite-sulphide mineralization. Ten other TDEM trends are associated with MAG lows or do not show any clear correlation to magnetic data. Graphite hosted within non-magnetic marble rocks may be the source of TDEM responses of this sort.

The 315-line-km survey flown over the 52-claim Tremblant project located 25 km southeast of Mont-Laurier identified 221 TDEM point anomalies with 31 having an intermediate conductive response. Eight linear TDEM trends show strong correlation with magnetic trends and are considered prospective targets for graphite-sulphide mineralization. The 231-line-km survey flown over the 39-claim North Low project located 40 km north of Gatineau identified 406 TDEM point anomalies with 21 having an intermediate to strong conductive response.

Two linear TDEM trends show strong correlation with magnetic trends and are considered prospective targets for graphite-sulphide mineralization. Two other TDEM trends are associated with MAG lows or do not show any clear correlation to magnetic data. Graphite hosted within non-magnetic marble rocks may be the source of TDEM responses of this sort.