Mr. Dan Weir reports

DNI METALS - EXTENSION OF WARRANT EXERCISE TO APRIL 30, 2019

DNI Metals Inc. has extended and repriced some of its warrants.

DNI has the warrants that were due to expire, as shown in the attached table.

Date                  Number of warrants      Exercise price
                                        
March 29, 2019                11,746,595               $0.16        
April 5, 2019                  9,784,890               $0.16 

DNI's board had decided to extend the warrants to April 19, 2019, and repriced them to five cents. DNI's board did not realize that April 19, 2019, is Good Friday and businesses are closed in Canada.

DNI's board has decided to extend the warrant offer until April 30, 2019, to allow for the Easter holiday weekend.

In order to exercise such warrants at the reduced exercise price of five cents per share, a holder of such warrants must validly exercise such warrants on or before, and the company must receive full payment of the exercise price in immediately available funds on or before, April 30, 2019, at 5 p.m. Toronto time, and the company will issue the warrantholder a new warrant.

New warrant

DNI Metals is pleased to offer existing holders of warrants of the company, that, if they exercise their current warrant(s) and the company receives payment for the exercised warrant(s) before April 30, 2019, 5 p.m. EST, the company will issue the warrantholder a new warrant.

Each new full warrant entitles the bearer to purchase one common share of the company at an exercise price of 20 cents per share for a period of 60 months from the exercise date. If the closing market price of the common shares of the company on the Canadian Securities Exchange is equal to or greater than 30 cents per common share for a period of 30 consecutive trading days, or upon the public announcement of the board's decision to build a commercial processing plant capable of producing 10,000 metric tonnes per year of graphite, then the company may deliver a notice to the warrantholder notifying such warrantholder that the warrants must be exercised within 30 calendar days from the date of the acceleration notice, otherwise the warrants will expire at 4 p.m. Toronto time on the 30th calendar day after the date of acceleration notice.

We seek Safe Harbor.