Received by email:

File: Attachment DEFN-20169-12-27-NR-Options.pdf

                         DEFENSE METALS CORP. GRANTS STOCK OPTIONS

Vancouver, British Columbia   December 27, 2019: Defense Metals Corp. ("Defense Metals" or the
"Company") (TSX-V: DEFN/ DFMTF: OTCQB / 35D: FSE) announces the granting of incentive stock
options ("Options") to certain of its directors, officers and consultants to purchase up to an
aggregate 1,250,000 common shares of the Company at a price of $0.16 per common share for a period of
five (5) years. 150,000 Options granted to Bluesky Corporate Communications Ltd. will vest in stages over
a period of 12 months in equal portions every three months starting on the date of grant. The remaining
Options vest on the date of grant.

About Defense Metals Corp.

Defense Metals is an advanced mineral exploration company focused on the acquisition of mineral deposits
containing metals and elements commonly used in the electric power market, military, national security and
the production of green energy technologies, such as, high strength, light weight, rare earth magnets. Defense
Metals' primary focus is to exercise its option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth
Element Project.Defense Metals Corp. trades in Canada under "DEFN" on the TSX Venture Exchange, the
United States, under "DFMTF" on the OTCQB and the German, Frankfurt Exchange under the symbol
of "35D".

Contact Information - For more information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994-8072
Email: todd@blueskycorp.ca

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 news
release.

Cautionary Statement Regarding Forward Looking Information

This news release includes certain statements that constitute "forward-looking information or statements" within the
meaning of applicable securities law, including without limitation, Defense Metals' plans for its properties/projects,
and other statements relating to the technical, financial and business prospects of Defense Metals, and other matters.

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates
and assumptions. These statements relate to analyses and other information that are based on forecasts of future resul
--->ts,
estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions,
---> events
or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations of such words,
and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking
statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances
---> or
achievements of the Company to be materially different from future results, performances or achievements express or
implied by such statements. Such statements and information are based on numerous assumptions regarding present
 and future business strategies and the environment in which the Company will operate in the future, including the pri
--->ce
of metals and elements, anticipated costs and the ability to achieve goals, that general business and economic conditi
--->ons
will not change in a material adverse manner, that financing will be available if and when needed and on reasonable
terms, and that third party contractors, equipment and supplies and governmental and other approvals required to
conduct the Company's planned exploration and development activities will be available on reasonable terms and in a
timely manner. While such estimates and assumptions are considered reasonable by the management of the Company,
they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.

The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims
any intention or obligation to update or revise any forward-looking statements, whether as a result of new information
--->,
future events or otherwise, except as expressly required by applicable securities legislation.