Mr. Mike Hodge reports

DISCOVERY ENERGY METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING

Discovery Energy Metals Corp. intends to complete a non-brokered private placement financing for total gross proceeds of up to $1.25-million.

The offering will consist of up to three million non-flow-through units of the company at a price of 25 cents per unit for gross proceeds of up to $750,000 and up to two million flow-through (FT) units of the company at a price of 30 cents per FT unit for gross proceeds of up to $500,000.

Each unit will comprise one common share of the company and one transferable share purchase warrant, with each warrant exercisable to acquire one common share of the company at a price of 30 cents per share for a period of 24 months from the date of issuance. Each FT unit will comprise one common share of the company issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one transferable non-flow-through share purchase warrant, with each warrant exercisable to acquire one common share of the company at a price of 35 cents per share for a period of 24 months from the date of issuance.

The gross proceeds from the offering are expected to be used for general working capital and property exploration. The company has also extended its marketing and investor awareness agreement with ClickCatalyst Inc. for an additional 60 day term at a cost of $250,000, plus applicable taxes. The closing of the offering is subject to certain conditions, including, but not limited to, receipt of all necessary regulatory approvals. The company may pay finders' fees in connection with the offering. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day pursuant to applicable securities law.

About Discovery Energy Metals Corp.

Discovery Energy Metals is a Canadian exploration company focused on advancing the Crystal Lake copper-molybdenum project, an early-stage exploration project located in a well-mineralized district of central British Columbia. The Crystal Lake property consists of eight contiguous mineral claims covering approximately 5,283 hectares, located 34 kilometres south of Fort Fraser, B.C. The project is accessible year-round via Kenny Dam Road and well-maintained forestry roads, with nearby access to key infrastructure including CN rail, BC Hydro transmission, Highway 16, and the communities of Vanderhoof and Fraser Lake. Additionally, the company also holds a portfolio of mineral claims in Quebec, including projects in the Nunavik and James Bay regions, and is advancing the ESN project in Nevada and the Koster Dam project in central British Columbia.

We seek Safe Harbor.