Canada Strategic and Lomiko discover a 500+ metre long high grade zone at la loutre with one intercept of 90.75 metres of 9% flake graphite and multiple intercepts over 10%

Montreal, Quebec - September 24, 2015 - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF) and Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) are very pleased to announce the results for eleven (11) exploration holes in the area where high grade samples were discovered and reported July 29, 2015. The recent drilling campaign on La Loutre Graphite property has highlighted high grade drills holes intercept along 500 metre strike length that is open in all directions.

The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares (28.67 km 2) situated approximately 53 km east of Imerys Carbon and Graphite, formerly known as the Timcal Graphite Mine, North America's only operating graphite mine, and 117 km northwest of Montreal.

Highlighted Results*

* Length along the core. The Company doesn't have enough information to estimates the true width of the mineralized zone intersected in the drill holes.

After the current program is complete, the property will be assessed for a resource and if warranted, a pre-economic assessment ("PEA"). Viable near surface mineralization reduces the amount of waste rock that needs to be moved, reducing overall cost of the project and reducing environmental impact.

In addition, Lomiko hopes to define material >99.99% Graphite Crystalline Flake to serve as the base material for testing graphite for the ultrapure carbon market and for conversion to graphene and use in 3D Printing and Supercapacitors.

A map of hole localisation and results is available on the web site of the Company at: www.csmetals.ca.

Table of mineralized intersections in new zone*

* Length along the core. The Company doesn't have enough information to estimates the true width of the mineralized zone intersected in the drill holes.

** No significant value

The 2015 drilling program is managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core.

Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one half sent for assay and the other retained in the core box as a witness sample. Duplicates and blanks were inserted regularly into the sample stream.

The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the ALS minerals in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75µm. All samples are analyzed for Carbon Graphite using C-IR18.

Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder of both companies, President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.

About Sakami

The "25" Zone and Eleonore Mine mineralization: 6 similarities

The Sakami Property ("Sakami") is located in Archean rocks of the Superior Province, in the transition zone between the La Grande and Opinaca Subprovinces ("La Grande" and "Opinaca", respectively). Elsewhere in the region the contact between the two subprovinces generally corresponds to regional-scale deformation and a sharp change in metamorphic gradient.

La Grande consists of volcano- sedimentary packages linked to greenstone belts (15%), intruded by syn-to post-tectonic tonalites, granodiorites and granites (85%), with the volcanics and sediments deformed around the more resistant intrusives. Metamorphic grade increases from greenschist facies to the amphibolite facies toward the contact with the Opinaca. The Opinaca consists of metamorphosed and folded sedimentary rocks such as paragneisses and migmatites creating E-W trending domes and basins, intruded by syn- to post-tectonic tonalites, granodiorites, granites and pegmatites.

The "S-shaped" La Grande surrounds the Opinaca on itswest and north sides, spanning a distance of 450 km in the E-W direction and of 250 km in the N-S direction. Regional faults are mainly present in La Grande and are oriented N-S, E-W and NW-SE defined on outcrop by either a strong tectonic banding or intense shearing with mylonitization..

Goldcorp's producing Eleonore gold deposit ("Eleonore") (December 2014 reserves from the Goldcorp website: 19.3 million tonnes @ 6.5 g/t gold for 4 million ounces of gold; Inferred Resource: 13.25 million tonnes @ 9.63 g/t gold for 4.1 million ounces of gold) sits in La Grande straddling the contact with the Opinaca, some 140 km SE of the Sakami property.The host rocks at Eleonore are conglomerates, greywackes (containing aluminosilicate porphyroblasts), mudstones-argillites, cherts, and intrusive diorites and pegmatites. The mineralization is hosted in a series of near vertical lenses, and is contained in five zones consisting of gold, quartz and 1% to 5% arsenopyrite (As sulphide) veinlets and stockworks within gold-bearing quartz-carbonate-K feldspar-biotite-arsenopyrite-pyrrhotite (magnetitc Fe sulphide) alteration haloes. Minor sulphides include pyrite (Fe sulphide), sphalerite (Zn sulphide), bornite (Cu oxide) and chalcopyrite (Cu sulphide). The lenses are generally 5 metres to 6 metres in true thickness within a wider range of 2 metres to 20 metres. The mineralized zones tend to be folded with thickening in the hinge of folds. Eleonore is thought to belong to a clastic-sediment-hosted stockwork-disseminated end member of the classic greenstone-hosted quartz-carbonate vein deposits, such as those found in the Timmins Camp within the Ontario segment of the Abitibi Greenstone Belt.

At Sakami, work done by Matamec in the southern Long Point claim area from 2000 to 2004 and more recently by Canada Strategic Metals (since early 2014) identified and delineated a number of proximal gold mineralized lenses linked to grey wackes, paragneisses, sulphidized iron formations and felsic dykes. The "25" Zone has the most significant gold potential, having been drill-tested (by 62 holes for 13,280 metres) over a 250-metre strike length to a vertical depth of 500 metres. Here, gold is accompanied by finely disseminated 1% to 5% arsenopyrite and minor pyrrhotite, particularly in quartz-tourmaline veins. The higher grade gold is generally associated with a lower gold grade halo of 1 to 3 g/t gold material (EX-31: 10.02 g/t gold over 2.82 metres within an envelope of 2.47 g/t gold over 27.05 metres). The mineralization is accompanied by abundant silica-sericite-K feldspar alteration, with silica flooding being dominant. The mineralization averages 10 metres wide in a range of 8 metres to 50 metres.

Sakami has a number of similarities to Eleonore: (i) it is located at the boundary between the La Grande and Opinaca subprovinces; (ii) it is hosted by metamorphosed sedimentary units; (iii) it has multiple lenses; (iv) it contains arsenopyrite; (v) it has an abundance of a wide alteration corridor with quartz-K feldspar; and (vi) its higher gold grades are accompanied by wider and lower gold grades. The focus at Sakami will be to delineate the size potential of the "25" Zone mineralization in order to produce a geological-resource model in the near term.

Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder, President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.

Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.

Jean-Sébastien Lavallée, P. Geo
President & Chief Executive Officer
819-354-5146

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