Vancouver – LOMIKO METALS INC. (TSX-V:LMR) Further to the news release dated May 17, 2010, Lomiko Metals Inc. (“Lomiko” or “the Company) wishes to clarify that it has acquired 100% of the EVA and PLAYA claims (and not the Anita and Lela lakes as previously announced) which comprise of 222.04 hectares and 222.09 respectively of semi-evaporitic lakes known as Rose Lake and Cunningham Lake located near 70 mile House, B.C.
The lakes are located in the Green Timber Plateau area, a semi-arid plateau averaging 1130 metres elevation and are part of the Cariboo Plateau. The area is underlain by alkaline plateau basalt flows of the Miocene to Pleistocene Chilcotin Group, mantled by a thin cover of glacial till and glaciofluvial sediments.
Sodium carbonate is an essential element in the processing of lithium, sulfates, magnesium and other marketable products from salt brines. A source of sodium carbonate increases the potential viability of lithium projects in the Atacama region of South America, especially Bolivia and to a lesser extent Chile, where magnesium has been identified occurring with lithium in sufficient quantities to cause concern over the increasing costs of processing the brine.
Lomiko will pay $ 10,000 and issue 200,000 common shares, subject to TSX approval, to complete the transaction.
Mr. Garth Kirkham, P.Geo is the Qualified Person for the Vines Lake Project and has reviewed the technical data in this news release.
For more information, please contact Paul Gill at 604-729-5312, email: info@lomiko.com or refer to the website at: www.lomiko.com
On behalf of Lomiko Metals Inc.
Signed: “A. Paul Gill”
A. Paul Gill, President & 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
