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File: Attachment DEFN - News Release - Stock Options - Jan 21, 2022.pdf

                       DEFENSE METALS CORP. GRANTS STOCK OPTIONS

News Release - Vancouver, British Columbia   January 21, 2022: Defense Metals Corp. ("Defense
Metals" or the "Company") (TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) announces the granting of
incentive stock options ("Options") to certain of its directors, officers and consultants to purchase up
to an aggregate 8,000,000 common shares of the Company at a price of $0.26 per common share for a
period of three (3) years. 500,000 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 Corp. is a mineral exploration and development company focused on the acquisition of
mineral deposits containing metals and elements commonly used in the electric power market, defense
industry, national security sector and in the production of green energy technologies, such as, rare earths
magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals
owns 100% of the Wicheeda Rare Earth Element Property located near Prince George, British
Columbia, Canada.

For further 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 contains "forward-looking information or statements" within the meaning of applicable securities
laws, which may include, without limitation, other statements relating to the technical, financial and business prospe
--->cts
of the Company, its projects and other matters. All statements in this news release, other than statements of historic
--->al
facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although
the Company believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may differ materially from
those in the forward-looking statements. Such statements and information are based on numerous assumptions
regarding present and future business strategies, including the price of metals, the ability to achieve its goals, and
---> that
general business and economic conditions will not change in a material adverse manner. Such forward-looking
information reflects the Company's views with respect to future events and is subject to risks, uncertainties and
assumptions, including those filed under the Company's profile on SEDAR at www.sedar.com. Factors that could cause
actual results to differ materially from those in forward looking statements include, but are not limited to, continue
--->d
availability of capital, general economic, market, business conditions, failure to maintain all necessary government
permits, equipment failures, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate,
approvals and authorizations, and failure to maintain community acceptance (including First Nations). The Company
does not undertake to update forward-looking statements or forward-looking information, except as required by law.