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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR
---> INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.



DEFENSE METALS CORP. ANNOUNCES PRIVATE PLACEMENT 

Vancouver, British Columbia - April 20, 2020: Defense Metals Corp. ("Defense Metals" or the "Company") (TSX-V: DEFN/ D
--->FMTF: OTCQB / 35D: FSE) is pleased to announce that it intends to complete a non-brokered private placement of up to 6
--->,000,000 units (each a "Unit") at a price of $0.10 per Unit for gross proceeds of up to $600,000. Each Unit will be co
--->mprised of one common share and one common share purchase warrant (each a "Warrant"). Each Warrant is exercisable to p
--->urchase one common share of the Company at a price of $0.15 per share for a period of twenty-four months from the date
---> of closing of the private placement. 

The private placement is subject to TSX Venture Exchange approval and all securities issued are subject to a four mont
--->h hold period. Finder's fees will be payable in connection with the private placement, all in accordance with the poli
--->cies of the TSX Venture Exchange and applicable securities laws. 

The proceeds from these private placements will be used for exploration and development of the Company's Wicheeda rare
---> earth element project located in Prince George, British Columbia and for general working capital purposes. 
 
About Defense Metals Corp.

Defense Metals is an advanced mineral exploration company focused on the acquisition of mineral deposits containing me
--->tals 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 exe
--->rcise 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, Fra
--->nkfurt Exchange under the symbol of "35D".
For further information, please visit https://defensemetals.com/  or 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sal
--->e of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including 
--->any of the securities in the United States of America. The securities have not been and will not be registered under t
--->he United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offer
--->ed or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S unde
--->r the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such r
--->egistration requirements is available.

Cautionary Statement Regarding Forward Looking Information 

This news release includes certain statements that constitute "forward-looking information or statements" within the m
--->eaning of applicable securities law, including without limitation, Defense Metals' plans for its properties/projects, 
--->the private placements and use of funds, 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 a
--->nd assumptions. These statements relate to analyses and other information that are based on forecasts of future result
--->s, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve dis
--->cussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future eve
--->nts 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", "should", "would", "might" or "will" be taken, occur or be achieved), and variations of suc
--->h 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, perf
--->ormances or achievements of Defense Metals to be materially different from future results, performances or achievement
--->s express or implied by such statements. Such statements and information are based on numerous assumptions regarding p
--->resent and future business strategies and the environment in which Defense Metals will operate in the future, includin
--->g the price of metals and elements, anticipated costs and the ability to achieve goals, that general business and econ
--->omic conditions 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 req
--->uired to conduct Defense Metals' planned exploration activities will be available on reasonable terms and in a timely 
--->manner. While such estimates and assumptions are considered reasonable by the management of Defense Metals, they are i
--->nherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level
---> of activity, performance or results to differ materially from those reflected in the forward-looking statements, incl
--->uding, without limitation: (i) risks related to rare earth elements, and other commodity price fluctuations; (ii) risk
--->s and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncerta
--->inty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource explora
--->tion and development is a speculative business; (v) that Defense Metals may lose or abandon its property interests or 
--->may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more oner
--->ous;  (vii) that Defense Metals may not be able to raise additional funds when necessary; (viii) the possibility that 
--->future exploration, development or mining results will not be consistent with Defense Metals' expectations; (ix) explo
--->ration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other una
--->nticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for 
--->delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertaint
--->y of profitability based upon Defense Metals' history of losses; (xiii) risks related to environmental regulation and 
--->liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally
---> referred to as "social licence"), including local First Nations; (xv) risks relating to obtaining and maintaining all
---> necessary government permits, approvals and authorizations relating to the continued exploration and development of D
--->efense Metals' projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks as
--->sociated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks
---> and uncertainties related to Defense Metals' prospects, properties and business strategy. These risks, as well as oth
--->ers, could cause actual results and events to vary significantly.

Factors that could cause actual results to differ materially from those in forward looking statements include, but are
---> not limited to, continued availability of capital and financing and general economic, market or business conditions, 
--->the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipmen
--->t failures, litigation, failure of counterparties to perform their contractual obligations and fees charged by service
---> providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events
---> and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertaint
--->y of such statements. The forward-looking statements included in this news release are made as of the date hereof and 
--->Defense Metals 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 legislati
--->on. 



PDF Document

File: Attachment DEFN - News Release - Announce PP (April 20, 2020).pdf

 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
                         OR INTO THE UNITED STATES.




             DEFENSE METALS CORP. ANNOUNCES PRIVATE PLACEMENT

Vancouver, British Columbia   April 20, 2020: 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 6,000,000 units (each a "Unit") at a price of $0.10 per
Unit for gross proceeds of up to $600,000. 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 $0.15 per share for a period of twenty-four months from the date of
closing of the private placement.

The private placement is subject to TSX Venture Exchange approval and all securities issued are subject to
a four month hold period. Finder's fees will be payable in connection with the private placement , all in
accordance with the policies of the TSX Venture Exchange and applicable securities laws.

The proceeds from these private placements will be used for exploration and development of the Company's
Wicheeda rare earth element project located in Prince George, British Columbia and for general working
capital purposes.

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".

For further information, please visit https://defensemetals.com/ or 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any
sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful,
including any of the securities in the United States of America. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities
 laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons
(as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state
securities laws, or an exemption from such registration requirements is available.

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,
---> the
private placements and use of funds, other statements relating to the technical, financial and business prospects of D
--->efense
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", "should", "would", "might" or "will" be taken, occur or be achieved), and variations of suc
--->h
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 Defense Metals 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 Defense Metals will operate
in the future, including the price of metals and elements, anticipated costs and the ability to achieve goals, that ge
--->neral
business and economic conditions 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 Defense Metals' planned exploration activities will be available on reasonable
terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of
Defense Metals, they are inherently subject to significant business, economic, competitive and regulatory uncertaintie
--->s
and risks.

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level
---> of
activity, performance or results to differ materially from those reflected in the forward-looking statements, includin
--->g,
without limitation: (i) risks related to rare earth elements, and other commodity price fluctuations; (ii) risks and
uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty o
--->f
exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and
development is a speculative business; (v) that Defense Metals may lose or abandon its property interests or may fail
to receive necessary licences and permits; (vi) that environmental laws and regulations may become more
onerous; (vii) that Defense Metals may not be able to raise additional funds when necessary; (viii) the possibility th
--->at
future exploration, development or mining results will not be consistent with Defense Metals' expectations; (ix)
exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or othe
--->r
unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential f
--->or
delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertaint
--->y of
profitability based upon Defense Metals' history of losses; (xiii) risks related to environmental regulation and liabi
--->lity;
(xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred
to as "social licence"), including local First Nations; (xv) risks relating to obtaining and maintaining all necessary
government permits, approvals and authorizations relating to the continued exploration and development of Defense
Metals' projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associate
--->d with
mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertain
--->ties
related to Defense Metals' prospects, properties and business strategy. These risks, as well as others, could cause ac
--->tual
results and events to vary significantly.

Factors that could cause actual results to differ materially from those in forward looking statements include, but are
---> not
limited to, continued availability of capital and financing and general economic, market or business conditions, the l
--->oss
 of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failur
--->es,
litigation, failure of counterparties to perform their contractual obligations and fees charged by service providers.
Investors are cautioned that forward-looking statements are not guarantees of future performance or events and,
accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of
such statements. The forward-looking statements included in this news release are made as of the date hereof and
Defense Metals 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 legislati
--->on.