Mr. Craig Taylor reports

DEFENSE METALS APPOINTS GUY DE SELLIERS DE MORANVILLE TO THE BOARD OF DIRECTORS

Defense Metals Corp. has appointed Guy de Selliers de Moranville as a new director to the board of directors. The company also announces the resignation of Dr. William H. Bird as a director, who will remain as a rare-earth elements industry adviser.

Mr. de Selliers is a highly experienced finance professional with an illustrious career. He started his career at the World Bank in the mining division. He then joined Lehman Brothers in New York as senior vice-president, international corporate finance, where among other assignments he covered the Canadian mining sector. In 1990, he was a key member of the senior executive team involved in the creation of the European Bank for Reconstruction and Development Bank (EBRD). Following the EBRD he was chief executive officer of MC-BBL, held an executive position with Robert Fleming and Co., and advised the European Commission on a number of issues, including co-chairing with a joint Russian/European task force for strategic energy projects.

He founded in 2003 an advisory firm, HCF International Advisors, which became the leading independent financial debt financial adviser to the metals and mining sector.

Throughout his career, Mr. de Selliers has been a board member of numerous influential organizations, including Solvay Group, Ageas Group, AG Insurance Belgium, Ivanhoe Mining, Advanced Metallurgical Group AMG, Norilsk Nickel and Wimm Bill Dann. He currently sits on the boards of I Pulse, a private high-tech company in France, The Cranemere Group Ltd., a privately held financial holding company in the United Kingdom, and Radix, a think-tank for the Radical Center (U.K.).

With a master's degree in engineering and a master's degree in economics from Louvain University in Belgium, Mr. de Selliers is widely regarded for his diverse expertise across various sectors. His extensive knowledge and experience in the international business community make him a highly valuable asset to the company's board of directors.

Mr. de Selliers, director, stated:

"Having reviewed the Wicheeda project and compared it to many others and engaging with the Defense Metals team, I am confident that the Wicheeda REE project possesses the essential qualities needed to emerge as North America's next rare-earth mine. I eagerly anticipate collaborating with the board and executives to further develop this strategic asset."

Craig Taylor, CEO of Defense Metals, commented:

"The entire board and management of Defense Metals are thrilled to welcome Guy, a seasoned business leader, as he helps steer us through the next phase of development at Wicheeda. With Guy on board, Defense Metals gains the expertise of and knowledge of an experienced executive with a proven track record in corporate governance, finance and project development. Additionally, on behalf of the entire company, I extend sincere gratitude to Bill Bird for his substantial contributions over the past two years and look forward to continuing to work with him as an adviser."

The company also announces it has granted an aggregate of 800,000 stock options to certain directors and a consultant of the company pursuant to the terms of the company's stock option plan. The stock options are exercisable to acquire common shares at an exercise price of 24 cents per common share for a period of three years, vesting immediately.

About Defense Metals Corp.

Defense Metals is focused on the development of its 100-per-cent-owned, 8,301-hectare (approximately 20,534-acre) Wicheeda rare-earth element project that is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada.

The Wicheeda REE project, approximately 80 kilometres (approximately 50 miles) northeast of the city of Prince George, is readily accessible by a paved highway and all-weather gravel roads and is close to infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia.

We seek Safe Harbor.