Mr. Mark Tory reports

DEFENSE METALS ANNOUNCES SHARE-BASED INTEREST PAYMENT

Defense Metals Corp. will issue 640,097 common shares of the company to certain holders of secured convertible notes in full satisfaction of the interest payable thereunder as of April 11, 2025, in the aggregate amount of $98,632.55. The notes mature on Oct. 11, 2025. Additional details regarding the notes can be found in the company's news release dated Oct. 11, 2024, which is available under the company's profile on SEDAR+.

In accordance with the terms of the notes, the company will issue the interest shares at a price of 15.409 cents per interest share being the greater of: (i) the volume-weighted average trading price per share on the TSX Venture Exchange for the 20 consecutive trading days ending on the applicable pricing date; and (ii) the lowest price permitted under the policies of the TSX-V. The issuance of the interest shares is subject to the approval of the TSX-V.

About Defense Metals Corp.

Defense Metals is focused on the development of its wholly owned 11,800-hectare (approximately 29,158-acre) Wicheeda project situated on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada.

The Wicheeda 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 strategically located port facilities in Prince Rupert.

We seek Safe Harbor.