Defense Metals Corporation

News & Press Releases

Defense Metals Provides 2019 Exploration Review for Wicheeda Rare Earth Element Project and Outlines Strategy and Goals for 2020

Vancouver, British Columbia — January 14, 2020 – Defense Metals Corp. (“Defense Metals”) (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) is pleased to provide a review of 2019 exploration and advancement of its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, Canada. Defense Metals’ focus in 2020 will be to complete development of the Wicheeda Deposit hydrometallurgical flowsheet, initiate flotation pilot plant processing of the recently collected 30 tonne bulk-sample, and update the Wicheeda REE Deposit Mineral Resource based on its highly successful 2019 drill campaign. Craig Taylor, President and CEO

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DEFENSE METALS CORP. CLOSES PRIVATE PLACEMENT

Vancouver, British Columbia – December 20, 2019: Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V: DEFN/ DFMTF: OTCQB / 35D: FSE) is pleased to announce that further to its news release on December 13, 2019, it has closed a non-brokered private placement of 6,615,000 units (each a “Unit”) for gross proceeds of $661,500 (the “Private Placement”). As previously disclosed, each Unit was priced at $0.10 and is comprised of one common share and one common share purchase warrant (“Warrant”). Each Warrant is exercisable to purchase one common share of the Company at a price of $0.20 per share for a

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Defense Metals Drills 4.01% Light Rare Earth Oxide Over 58 Metres at Wicheeda Rare Earth Element Deposit

Vancouver, British Columbia — December 12, 2019 – Defense Metals Corp. (“Defense Metals”) (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces assay results for the final two drill holes of the recently completed 2019 resource definition diamond drill program at its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, Canada.  Drill hole WI19-30 (-55o dip / 250o azimuth) was drilled to test the northern extension of the Wicheeda REE Deposit and intersected a broad zone of mineralization returning 2.59% Light Rare Earth Oxide (LREO; being cerium, lanthanum, neodymium, praseodymium, and samarium oxides (Ce2O3+La2O3+Nd2O3+ Pr2O3+Sm2O3) over a drill core interval of

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Defense Metals Drills 3.01% Light Rare Earth Oxide Over 89 Metres and Continues to Expand the Wicheeda Rare Earth Element Deposit

Vancouver, British Columbia — December 4, 2019 Defense Metals Corp. (“Defense Metals”) (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces assay results for drill holes WI19-28 and WI19-29 from the recently completed 2019 resource definition diamond drill program at its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, Canada.  Drill hole WI19-28 (-45o dip / 045o azimuth) was a definition drill hole designed to cut the northeastern contact of the dolomite-carbonatite and returned 2.46% Light Rare Earth Oxide (LREO; being cerium, lanthanum, neodymium, praseodymium, and samarium oxides (Ce2O3+La2O3+Nd2O3+ Pr2O3+Sm2O3) over a drill core interval of 69.5 metres 1 (Table 1 and Figure 1).  Drill hole WI19-29

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Defense Metals Drills 4.43% Light Rare Earth Oxide Over 83 Metres the Highest Grade Drill Intercept to Date at Wicheeda Rare Earth Element Deposit

Vancouver, British Columbia — November 27, 2019 Defense Metals Corp. (“Defense Metals”) (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces assay results for drill hole WI19-31 from the recently completed 2019 resource definition diamond drill program at its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, Canada.  Drill hole WI19-31 (-55o dip / 275o azimuth) was drilled to test the northern extension of the Wicheeda REE Deposit and returned 4.43% Light Rare Earth Oxide (LREO; being cerium, lanthanum, neodymium, praseodymium, and samarium oxides (Ce2O3+La2O3+Nd2O3+ Pr2O3+Sm2O3) over a drill core interval of 83 metres; including an interval assaying 5.47% LREO over a

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DEFENSE METALS DRILLS 3.12% TOTAL RARE EARTH OXIDE OVER 105 METRES AND EXTENDS MINERALIZED ZONE AT WICHEEDA RARE EARTH ELEMENT DEPOSIT

Defense Metals Drills 3.12% Total Rare Earth Oxide Over 105 Metres and Extends Mineralized Zone at Wicheeda Rare Earth Element Deposit Vancouver, British Columbia — November 14, 2019 Defense Metals Corp. (“Defense Metals”) (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces assay results for an additional three holes from the recently completed 2019 resource definition diamond drill program at its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, Canada. Drill hole WI19-22, a vertical hole and part of a fan of seven holes totalling 966 metres designed to increase confidence in

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