Lomiko Metals Inc. Appoints Dr. Dietmar Siebholz to Board of Advisors


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TSX.V:LMR / PK:LMRMF
03/16/2012 [ACCESSWIRE]

Vancouver, BC. - LOMIKO METALS INC. (TSX-V: LMR, OTC: LMRMF, FSE: DH8B) ("Lomiko" or the "Company") is pleased to announce the appointment of Dr. Dietmar Siebholz to the Board of Advisors.

Dr. Siebholz has been researching graphite and graphene developments in Europe and is a significant shareholder of Lomiko. In the spring of 2010, Dr. Siebholz added graphite to the list of minerals he favours for investment. In his opinion, graphite is the technology mineral of the future that should replace common technology resources - at least partially - within the next ten years.

After graduating in 1961, Dietmar Siebholz (born 1942) trained to become a banker. He successfully completed his training with honors in Berlin. Subsequently, his passion for the stock market led him to the Dusseldorf Stock Exchange as an assistant broker. After obtaining a degree in economics and working as head investment advisor for a bank, Dietmar joined forces with a partner to establish a fund development agency for real estate. In 1979, a leading real estate fund company appointed him as managing director. In 1983, he started working independently as a developer and manager of real estate funds. During the course of his professional career, Dietmar has developed real estate funds with an investment volume of more than 700 million Euros, some of which he still managed until mid-2009. Since 1993, he has been deeply involved in precious metals as well as other commodities. Through his commentary, he is now known to a large number of participants in the resource sector. Since 2003, he has been a German representative of GATA and since the beginning of 2007, he has been on the advisory board of a fund development company specializing in commodities.

After selling a number of real estate funds liquidating his equity invested therein and transferring his fund management company to a younger successor, he has devoted his attention even more to the issues of money, currency stability and commodities, precious metals and optimizing investment portfolios. At the age of 64 he continued his studies and finally achieved his goal of obtaining his PhD in economics.

As a result of the development of technologies and the receipt of patents financed by himself and his family, he was offered consulting agreements in 2009. Pursuant to the agreements, he was to prepare the application of pump systems developed by his company for open pit mining in rainy countries (including Costa Rica, Panama, Colombia and Paraguay) and to start the corresponding application-oriented production of these pump systems.

His current technological interest focuses on the advancement of a revolutionary cooling system and the application of graphite in high-tech developments. However; he remains loyal to his favorites: gold (as currency secured by substance since 1998), silver (as currency secured by substance and technology metal since 2001), rare earths (as technology metals since 2005) as long as there is a trend to expanding high-tech applications. Since 2008, graphite has become an investment focus.

Lomiko's Quatre Milles Graphite Property

The Quatre Milles Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.

The property was originally staked and explored by Graphicor Resources Inc. ("Graphicor") in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

Historical Highlights

Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres.

The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds.

Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf.

23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7.

The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres.

The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release which predate the introduction of NI 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.

Graphite Market

The price for flake graphite is $ 2000-$3000 per tonne depending on flake size and grade.

Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.

Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and graphene patents become products.

China, which produces about 70 per cent of the world's graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

Graphite Facts

Natural graphite comes in several forms: flake, amorphous and lump.

Southwestern Quebec is host to some of the most favorable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles mine operated by Timcal.

Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles Property.

Near-Term Strategy

Lomiko plans to mount an aggressive exploration campaign on the Quatre Milles Graphite Property commencing with a complete compilation of historic geologic work followed by surface mapping, prospecting and follow-up diamond drilling.

Jean-Sebastien Lavallee (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

For more information, please contact Paul Gill at 604-729-5312

Email: info@lomiko.com. Website: www.lomiko.com.

On behalf of Lomiko Metals Inc.

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.

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