LOMIKO METALS INC. March 24, 2010–(TSX VENTURE: LMR)(PINK SHEETS: LMRMF (“Lomiko” or “the Company) has received a letter from Japan, Oil, Gas and Metal National Corporation (“JOGMEC”) indicating that JOGMEC has extended its due diligence period at Alkali Lake for an additional 30 days. JOGMEC has the right to perform due diligence for up to 90 days from February 12, 2010 under the terms of the Memorandum of Agreement with Lomiko.

Lomiko continues to seek further acquisitions and Joint Ventures to expand its property portfolio.

On behalf of Lomiko Metals Inc.
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.