Lomiko Metals Inc.
TSX VENTURE : LMR
PINK SHEETS : LMRMF

Lomiko Metals Inc.

November 13, 2009 14:48 ET

Lomiko Receives Final Approval for 100% Acquisition of Chile Lithium Brine Property Surrounding SQM Holdings at Aguas de Caliente

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2009) - Lomiko Metals Inc. (TSX VENTURE:LMR)(PINK SHEETS:LMRMF) - Lomiko Metals Inc. is pleased to announce that it has received final regulatory acceptance for a Purchase Agreement signed on September 18, 2009 for the exclusive rights to develop 100% the Aguas de Caliente Salar in Chile. The company now owns 100% of eight claims totaling 1,900 Ha while one claim of 400 hectares is currently owned by Sociedad Quimica y Minera de Chile SA, a world leader in lithium production. Discussions regarding the remaining claim at the salar continue in Chile.

The remaining 50% of the mineral claims were purchased for $50,000 Cdn. and the issuance of an aggregate of 1,000,000 common shares, at a deemed price of $0.065 per share. The shares have now been issued with a 4-month hold period expiring March 12, 2010.

Lomiko also recently 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.

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.

Contact Information