Lomiko Metals Inc (LMRMF)

[overlordpeter]

LMRMF — Management Discussion and Analysis

The Company paid the vendor, A. Paul Gill, an insider, $10,000 in cash and issued 600,000 common shares
(480,000 post 1:4 share split basis, Oct. 7, 2008) at a deemed value of $60,000.
The Company retained Canadian Mining Geophysics to complete an airborne survey of its Vines Lake Property
which was mobilized on June 30, 2008. The aerial survey was conducted with a magnetic gradiometer with VLFEM
on 100 metre line spacing, fly 302 line km and will assist in defining exploration targets. The CMG airborne
survey contract was completed in October 2008 and cost $50,000.