Lomiko Metals and Quebec Precious Metals report new intercepts 116.9 m of 4.80% including 15.2 m of 18.04% and 47.3 m of 7.56% including 11.3 m of 17.45% flake graphite at the La Loutre Project

VANCOUVER & MONTREAL–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24ALB&src=ctag” target=”_blank”gt;$ALBlt;/agt; lt;a href=”https://twitter.com/hashtag/BMW?src=hash” target=”_blank”gt;#BMWlt;/agt;–Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8C) (Lomiko or
the “Company”)
and Quebec Precious Metals Corporation (TSX.V: CJC,
FSE: YXEN, OTC-BB: CJCFF) (“QPM”) are pleased to announce the
results from four (4) new exploration diamond drill hole received from
the 2019 program (see Table 1 below, and Figure
1
) at the Refractory Zone at the La Loutre graphite project (the
“Project”). A total of 21 holes were completed on the Refractory Zone
for a total of 2,985 metres. Results from the remaining 16 holes will be
reported as they are received and compiled. Lomiko owns 80% of the
Project.

“We continue to see wide intercepts of graphite and new sections of very
high-grade values. High grades are a more common occurrence in the
Refractory Zone,” stated A. Paul Gill, CEO.

Table 1: Results of the drill holes of the 2019 drill program. The width
is drill indicated core length. Insufficient data exists to determine
true width at this time.

           

Mineralization

Drill Hole #

 

Easting (UTM)

 

Northing (UTM)

 

Azimuth

 

Dip

 

From (m)

 

To

(m)

 

Interval

(m)

 

Cg %

LL-19-04   499567   5098041   65.9   -50   3.00   93.00   90.00   2.75
LL-19-14   499700   5097803   59.7   -50   80.70   99.00   18.30   4.43
LL-19-15   499751   5097832   64.8   -50   51.00   167.90   116.90   4.80
    including   152.70   167.90   15.20   18.04
LL-19-16*   499851   5097829   66.5   -50   4.10   92.00   87.90   7.14
  including   70.50   91.50   21.00   15.48
      132.00   160.50   28.50   3.86
LL-19-17   499894   5097804   78.2   -50   15.00   62.30   47.30   7.56
    including   51.00   62.30   11.30   17.45
        96.00   126.00   30.00   1.96

*Results announced with the April 24, 2019 press release.

The drill campaign focuses on the Refractory Zone. An independent
technical report in accordance with National Instrument 43-101 – Standards
of Disclosure for Mineral Projects,
prepared by B. Turcotte and G.
Servelle of InnovExplo Inc. from Val-d’Or, Québec, and O. Peters, of AGP
Mining Inc., dated March 24, 2016, was filed for the Project’s
Graphene-Battery Zone. The report presented a mineral resource estimate
of 18.4 M Tonnes at a grade of 3.19% carbon flake graphite (“Cg”) in the
Indicated category and 16.7 M Tonnes at 3.75% Cg in the Inferred
category using a cut-off of 1.5% Cg. The Project also includes several
untested anomalies.

On the basis of the available geophysical and 2016 drilling data, the
strike length of the mineralization is estimated at 900 m in the NW-SE
direction and is open in both directions. A detailed interpretation of
the results will be carried out to better estimate the thickness and
strike length of the mineralized zone.

The Project consists of contiguous claim blocks totaling 29 km2
situated approximately 53 km E of Imerys Carbon & Graphite, formerly
known as the Timcal graphite mine, North America’s only operating
graphite mine, and located 117 km NW of Montreal. The mine has reported
grades of 7.46% Cg over its 22-year life.

The 2019 exploration program is managed by Consul-Teck Exploration of
Val-d’Or, Quebec, who designed the drilling campaign, supervised the
program and logged and sampled the core.

Quality Assurance/Quality Control

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 at a regular interval 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 laboratory facility 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 Cg using the C-IR18
method.

Qualified Person

Jean-Sebastien Lavalleìe (OGQ #773), Geologist, is a shareholder of both
companies, VP Exploration of QPM and a Qualified Person under NI 43-101,
has reviewed and approved the technical content of this release.

For more information on Lomiko Metals, 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

Contacts

A. Paul Gill, 604-729-5312
info@lomiko.com.

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