Salar de Aguas Caliente Lithium Brine Property

Lomiko Metals Inc. announced June 22, 2009 that it has purchased 100% of 8 pedimentos (claims) making up 1900 Ha of the Chilean Salt Lake known as Salar de Aguas Calientes. The Company now owns eight (8) of nine (9) claims that make up the Salar. One (1) claim of 400 Ha is currently owned by Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM), the primary producer of Lithium in the region.

• - The Claims are in an excellent location adjacent to a main paved highway.
• - The Salar has significant surface brines known to contain Lithium, Sulfate and Potash
• - The brines located on Lomiko claims were staked because of their excellent porosity   and transmissivity *, which is required for economic extraction.
• - The claims purchased surround a mining concession held by Sociedad Química y Minera de Chile S.A. (NYSE: SQM) at Lomiko’s Salar de Aguas Calientes.
• - Producers such as SQM are searching for new sources of Lithium to meet or increase production requirements to meet current and anticipated market demand
• - The claims are within 70 km of the SQM production facility located at Salar de Atacama.
• - The potential for partnership exists with SQM, the leading producer in the region.
• - The current market for Lithium Ion batteries is anticipated to grow 25% per year.
• - The introduction of the electric car powered by Lithium Ion batteries will require new development of high grade Lithium Deposits to meet additional demand.
• - The ‘Lithium Triangle’ located at the borders of Chile, Argentina and Bolivia contains 70% of the world’s economic Lithium deposits.
• - Forbes Magazine referred to the region as the “Saudi Arabia of Lithium”.

The great debate in lithium supply and demand is the amount of lithium contained in the best know lithium deposit in the world, the Salar de Atacama.

• “The Salar de Atacama is the highest quality Lithium deposit in the world. As a brine source, extraction is much less expensive and less energy intensive than from hard rock minerals. The concentration of Lithium in the brine is the highest in the world and the rate of natural evaporation in the Atacama Desert is the highest in the world. In absolute size the Salar de Atacama is the second largest single deposit but is the largest deposit in terms of its economically recoverable Lithium content. Seismic surveys of the Salar de Atacama carried out in the 1970s showed that the highest porosity extends to a depth of 20 - 25m with some additional lower porosity halite down to 35m. Below this depth, salt cores show complete recrystallisation of the halite into a solid mass, devoid of any pores. This means there is no Lithium to extract below the current pumping depth, only solid rock salt. Only the upper 30m has high transmissivity, i.e. only in this region can brine flow relatively freely to refill the areas from where it is pumped out. Below the current extraction depth of 30 metres, there is no Lithium in the Salar de Atacama.”
• The Trouble with Lithium: Under the Microscope, Meridian International Research, March, 2008