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Breaking News Release

Lomiko Intersects 12.50 Meters Grading 4.58% Graphite At Quatre Milles And Encounters Large Disseminated Graphite Zones

Vancouver BC - LOMIKO METALS INC. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) (the "Company") is pleased to report results for the first 6 drill holes completed at the Quatre Milles East Flake Graphite Property in Quebec.

The Company is very encouraged by these first results that confirm wider zones than expected from current drilling than historical results with mineralization starting near surface.

"With 17 drill holes to report, we have already had unexpected intercepts outside the high grade graphitic beds discovered by Graphicor. This bodes well for the concept of a near-surface, open pit scenario.", stated A. Paul Gill, CEO, Lomiko Metals Inc.

Highlights

QM 12-04 5.00 m to 75.00 m -- 70.00 meters of 2.17 Cg% including 12.50 meters of 4.58 Cg% QM 12-03 3.50 m to 54.62 m - 51.12 meters of 1.48 Cg% QM 12-06 40.00 m to 71.50 m 31.50 meters of 1.94 Cg%

Also, these wider zones contain some areas with higher grade graphite. Please see the table below for detail results.

Drill Hole # Easting (UTM) Northing (UTM) Azimuth (�) Dip (�) Mineralization Cg % >From (m) To (m) Length along the core QM-12-01 496666 5168535 140 -80 41.88 44.13 2.25 1.35         66.40 69.40 3.00 2.23 QM-12-02 496628 5168430 140 -80 14.00 20.00 6.00 2.19 INCLUDES: 15.50 18.50 3.00 2.85         23.00 30.50 7.50 1.50         52.60 58.00 5.40 1.44 QM-12-03 * 496532 5168403 140 -80 3.50 54.62 51.12 1.48* INCLUDES: 3.50 14.90 11.40 1.34 INCLUDES: 22.10 36.40 14.30 1.51 INCLUDES: 39.12 54.62 15.50 2.39 QM-12-04 496511 5168143 140 -80 5.00 75.00 70.00 2.17         10.40 27.40 17.00 3.78         31.90 47.55 15.65 2.01         53.90 75.00 21.10 2.19         10.40 75.00 64.60 2.28 INCLUDES: 13.40 25.90 12.50 4.58 INCLUDES: 31.90 47.55 15.65 2.01 INCLUDES: 53.90 75.00 21.10 2.19 QM-12-05 496861 5168485 340 -80 3.65 10.15 6.50 2.19         57.00 60.17 3.17 2.49         63.00 66.00 3.00 1.54 QM-12-06 496929 5168569 320 -80 40.00 71.50 31.50 1.94 INCLUDES: 40.00 56.50 16.50 2.67 INCLUDES: 40.00 67.00 27.00 2.11

* There was no sampling done from 15.9m to 21.10m and from 37.4m to 38.12m. Composite value was calculated with 0 value for these intervals

Drill hole intervals reported herein are not true widths but reported along core. Drill hole intervals are weight-averaged based on the sample width. No internal cut-off grades were used in the reported intervals.

Acme Metallurgical Limited of British Columbia conducted analysis

Whole coarse sample dried and crushed to 2 mm and homogenized. 100 grams aliquot (sub-sample) split out and pulverized. 5 grams of the pulverized pulp was then leached with dilute hydrochloric acid Leach residue is roasted at 450 degrees Celsius and 1200 degrees Celsius. Weights were measured between double ignitions.

Quality Control and Assurance Procedure

Duplicate and internal standard samples were taken every tenth sample If any duplicate or standard results exceeded95% confidence limit, the entire ten sample batch was repeated.

The previous drilling by Graphicor at Quatre Milles East indicated a near-surface, road-accessible target which was intersected by multiple drill holes during historic, non-NI 43-101 compliant drilling. The available information has been complied into a NI 43-101 report which will be the template for describing a resource if the drilling program is successful. It is available at:

Graphite Facts

Natural graphite comes in several forms: flake, vein, amorphous and lump. Southwestern Quebec is host to some of the most favourable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles Mine operated by Timcal. Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth. There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium. Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles East Property.

Lomikos Quatre Milles East Graphite Property

The Quatre Milles East Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.

The property was originally staked and explored by Graphicor in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.