Lomiko Metals Inc.

VANCOUVER, BRITISH COLUMBIA--(Aug 16, 2014) - LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B)(Europe:ISIN CA54163Q1028, WKN: A0Q9W7) (the "Company") advises that it was served with a Notice of Civil Claim by Alpha Capital Anstalt ("Alpha Capital") filed in the Supreme Court of British Columbia on August 6, 2014. The action is in connection with a contractual dispute arising out of a subscription agreement and ratchet agreement between the Company and Alpha Capital. In the action, Alpha Capital seeks damages or, in the alternative, issuance of 3,333,333 common shares and a reduction in the warrant excise price for a further 5,000,000 common shares to $0.06 per share, as well as other ancillary relief. The Company intends to vigorously defend itself against this action."

For more information on Lomiko Metals Inc., review the website at www.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.