Lomiko Stakes Alkali Flat Lithium Property East of Chemetell's Silver Peak Lithium Brine Facility in Nevada

VANCOUVER, BRITISH COLUMBIA, Nov 09 (MARKET WIRE) --
Lomiko Metals Inc. (TSX VENTURE: LMR)(PINK SHEETS: LMRMF) ("Lomiko" or
the "Company") has in conjunction with its subisidary Lomiko Metals USA
LLC, located 552 lode claims comprising 4,615.4 Ha or 11,404.9 acres in
Esmerelda County, Nevada. The staking covers a large portion of Alkali
Flat in Montezuma Valley which is prospective for economic grades of
lithium and other minerals. A satellite image of the new property is
available at http://media3.marketwire.com/docs/lmr119.pdf. America's only
lithium production facility owned by Chemetell is in the valley
immediately to the west. Details on Chemetell are available at:
http://www.chemetalllithium.com.

Montezuma Valley (also known as Alkali Flat) formed in a structural
basin, a down-faulted and rotated crustal block caused by tensional
spreading forces common to the Basin and Range province of Nevada and
nearby states. The faulted blocks, which often result in the creation of
closed basins, are composed of a variety of Precambrian and Paleozoic
rocks overlain by younger volcanic rocks ejected from a nearby eruption
during the Tertiary. It is these volcanic rocks, some containing high
lithium values, that are considered to be the source of lithium found in
subsurface brines in Clayton Valley. Lithium, along with numerous other
elements, was liberated from the rocks through mechanical and chemical
weathering processes and transported into the basins. Subsequent climatic
changes in the Quaternary resulted in the enrichment of lithium solutions
by evaporation. Montezuma Valley and the Kar claims are located
immediately east of Clayton Valley. The two valleys are separated by the
Paymaster fault and share the exposed Precambrian and Paleozoic basement
rocks covered by tertiary volcanic rocks of Paymaster Ridge. Mr., Ray
Spanjers, P.Geo, of TRU Group Inc. is the Qualified Person responsible
for the technical content of this news release.

For more information visit the Lomiko website at www.lomiko.com phone
778-228-1170 or email: lomiko@dccnet.com

On Behalf of the Board,

A. Paul Gill, President and CEO

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.

Contacts:
Lomiko Metals Inc.
A. Paul Gill
President and CEO
604-729-5312
lomiko@dccnet.com
www.lomiko.com

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