Lomiko Resources Inc.

Lomiko Resources Inc.

June 17, 2008 09:01 ET

Lomiko Stakes New Ground, Starts Big Nak Airborne Survey to Identify Drill Targets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2008) - Lomiko Resources Inc. ("Lomiko" or the "Company") (TSX VENTURE:LMR) announced today that it has staked an additional 1,234 hectares of mineral titles adjacent to the current Big Nak property (the "Property") that includes option agreements covering the Joss'alun property from Copper Ridge Exploration Inc. ("Copper Ridge") (TSX VENTURE:KRX) and the Nak property from Imperial Metals Corporation ("Imperial Metals") (TSX VENTURE:III). The additional claims were staked to capture the geological extension of the system recognized during previous exploration programs.

Aeroquest International Advanced Airborne Geophysics has mobilized to the site this week and started an electromagnetic and magnetic airborne survey which will cover a significant portion of the current Big Nak land package, including areas previously drilled, and newly staked areas to the south-east.

The aerial survey using the AeroTEM II system will use 100 metre line spacing, fly 561 line km and will be used to identify massive sulphide drill targets along strike from known mineral occurrences.

The geological setting at Big Nak and the observed mineralization suggests a classic environment for seafloor volcanic massive sulphide (VMS) copper mineralization with accompanying footwall stringer mineralization and alteration. Copper mineralization on the Property is relatively widespread with four main showings.

During July of 2003 a program of geochemical soil sampling and prospecting was carried out on the Property by Imperial Minerals (TSX VENTURE:III) followed by field mapping, prospecting and a core drilling program (9 NQ core holes for a total of 1,517 m) in August and September 2003.

The 2003 surface exploration field program confirmed that the mineralization at the Property is widespread and can produce grades that would be considered economic should a large enough body of mineralization be discovered. To date, a continuous massive sulphide body has not been discovered but the exploration potential is considered to be high. During the period September 12 to 24, 2004, Norsemont Mining completed a geophysical program consisting of 4.55 km of line cutting and 4.6 km of Induced Polarization surveying. Aurora Geosciences of Whitehorse, Yukon, carried out the work.

Lomiko has also received an extension to September 30, 2008 to complete and file $200,000 in work in relation to its agreement with Copper Ridge. Lomiko must now complete and file $ 100,000 work by July 31, 2008 in relation to its work requirement under the Imperial Metals Property Agreement. Also, the company raised $ 250,000 in flow-through financing and expects to drill the Big Nak Property in the Fall of 2008 subject to geophysical survey results.

Mr. J. Greg Dawson, P.Geo., Vice President of Exploration for Copper Ridge, is the Qualified Person for the Big Nak project and is responsible for the technical content of this news release.


KEN MORGAN, President & Chief Executive Officer

This press release has been prepared by management.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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