LiCo Energy Metals- Adds Ryan Goodman as Director

February 5, 2018 – Vancouver, British Columbia; – LiCo Energy Metals Inc. (“the Company” or “LiCo”) TSX-V: LIC, OTCQB: WCTXF is pleased to announce the appointment of Mr. Ryan Goodman to the LiCo Board of Directors. Mr. Goodman is an experienced Director and Manager of public mining companies operating in both Central and South America. Since June 2012, Mr. Goodman has acted as the VP Legal Affairs and Business Development of Aura Minerals Inc., a mid-tier gold and copper mining company listed on the TSX.  Aura Minerals (TSX : ORA) is a mid-tier gold-copper production company focused on the operation and development of gold and copper projects in the Americas.  The Company’s producing assets include the San Andres gold mine in Honduras and the Ernesto/Pau-a- Pique and Sao Francisco gold mines in Brazil.

Prior to joining Aura Minerals, Mr. Goodman practiced corporate and securities law with a Canadian national law firm representing mining companies in the Americas in connection with initial public offerings, private placement funding, takeovers and mergers, the acquisition and disposition of mineral properties and public company maintenance and compliance including corporate governance and public disclosure. Mr. Goodman has been a Director of several companies listed on the TSX-V., is a graduate of the University of Manitoba and is a member of the Law Society of Upper Canada.

“We are very pleased to have such an accomplished person join our team.” commented Tim Fernback, President & CEO of LiCo Energy Metals Inc. “His experience in both legal and corporate matters associated with mineral exploration and production will provide great benefits for LiCo shareholders as we advance and fund our lithium and colbalt exploration projects. Ryan’s addition to our team is the continuation of many steps towards growing our company’s depth in experience and we look forward to Ryan’s contributions as we develop and fund our properties.”

Concurrent with Mr. Goodman’s appointment, LiCo further announces the resignation of Mr. Greg Reimer as Director. Mr. Reimer was a very valuable member of the LiCo team, first as a Member of the Advisory Board and then as Director of the Company. We wish Mr. Reimer well with his future endeavours.

The Company also announces that it has granted stock options to certain directors and consultants of the Company to purchase an aggregate 1,300,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.105 per share. All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the policies of the TSX Venture Exchange. The stock options granted are also subject to a four month and a day hold period from the date of grant in accordance with applicable securities laws.

About LiCo Energy Metals:

LiCo Energy Metals Inc. is a Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s focus is directed towards exploration for high value metals integral to the manufacture of lithium ion batteries.

On Behalf of the Board of Directors

Tim Fernback, President & CEO

Neither the 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.

Disclaimer for Forward-Looking Information:

This news release may contain forward‐looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward‐looking. Forward‐looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward‐looking statements.