Defense Metals Corporation

News & Press Releases

DEFENSE METALS STARTS WICHEEDA RARE EARTH ELEMENT DRILL PROGRAM

Vancouver, British Columbia — August 12, 2019 Defense Metals Corp.(“Defense Metals”) (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces the start of the 2019 diamond drill programat its 1,780 hectare (4,398 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, Canada. Defense Metals expects to complete this 2,000 metre core drilling program in about six weeks.The purpose of the 2019 Wicheeda drill program is to further delineate, and potentially expand the Wicheeda REE carbonatite deposit leading to completion of an updated mineral resource estimate.   The current Wicheeda REE Deposit Mineral Resource comprises an Inferred Mineral Resource of

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DEFENSE METALS ENGAGES APEX GEOSCIENCE LTD. TO MANAGE DRILL PROGRAM AT WICHEEDA RARE EARTH ELEMENT PROJECT

Vancouver, British Columbia, Canada, Aug 6, 2019 – Defense Metals Corp. (“DefenseMetals”) (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) is pleased to announce that it has engaged APEX Geoscience Ltd. (“APEX”) to manage its previously announced (see the Company’s May 6, 2019 and August 1, 2019 News Releases) 2019 Wicheeda Rare Earth Element (REE) Property diamond drill program. APEX is a leading minerals sector geological consulting services firm. Kris Raffle, P.Geo., Principal and Consultant of APEX will oversee Defense Metals’ exploration programs. APEX is a privately-owned, independent geological consulting company that provides high quality, cost effective

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DEFENSE METALS ENGAGES FALCON DRILLING FOR DRILL PROGRAM AT WICHEEDA RARE EARTH ELEMENT PROJECT

Vancouver, British Columbia, Canada, Aug 1, 2019 – Defense Metals Corp. (“Defense Metals”) (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) is pleased to announce that it has engaged Falcon Drilling Ltd. for a planned 2,000 metre surface core drill program at its Wicheeda Rare Earth Element (“REE”) Property located 80 kilometres (50 miles) northeast of the city of Prince George, British Columbia. The 2019 drilling and camp operations are fully permitted for up to 51 separate drill sites (See the Defense Metals May 6, 2019 news release). Drill pads and a work camp are

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Defense Metals Receives Positive Metallurgical Test Results for Wicheeda Rare Earth Element Property

Vancouver, British Columbia – June 20th, 2019: Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) is pleased to announce that it has received successful metallurgical test results for the Wicheeda Rare Earth Element Property from SGS Canada Inc. (“SGS”). Results from the initial 21 of a planned 25 batch flotation tests completed to date during 2019 showed progressive improvement from early to late stage testing, culminating in test F21 that achieved: 80% recovery of cerium, lanthanum, and neodymium oxides (Ce2O3+La2O3+Nd2O3) 44% rare earth oxide (REO) concentrate grade 9.5 times upgrading ratio from head

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DEFENSE METALS CORP. ANNOUNCES OVER-SUBSCRIBED PRIVATE PLACEMENT

Vancouver, British Columbia – June 14, 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 May 29, 2019, it has closed an over-subscribed non-brokered private placement of 3,763,333 units (each a “Unit”) for gross proceeds of $564,500 (the “Private Placement”). As previously disclosed, each Unit was priced at $0.15 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

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DEFENSE METALS CORP. ANNOUNCES PRIVATE PLACEMENT AND GRANTS STOCK OPTIONS

Vancouver, British Columbia – May 29, 2019:Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V: DEFN/ DFMTF: OTCQB / 35D: FSE)is pleased to announce that it intends to complete a non-brokered private placement of up to 3,333,334 units (each a “Unit”) at a price of $0.15 per Unit for gross proceeds of up to $500,000. Each Unit will be comprised of one common share and one common share purchase warrant (each a “Warrant”). Each Warrant is exercisable to purchase one common share of the Company at a price of $0.30 per share for a period of 12

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