Mr. Todd Hanas reports

DEFENSE METALS CORP. CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Defense Metals Corp. has closed the second tranche of a non-brokered private placement, consisting of 80,000 flow-through (FT) units at a price of 25 cents per FT unit for gross proceeds of $20,000. Each FT unit comprises one flow-through share and one common share purchase warrant. Each warrant is exercisable to purchase one common share of the company at a price of 35 cents per share for a period of 24 months from the date of closing the second tranche of the FT private placement. The company also closed the second tranche of a non-brokered private placement, consisting of 100,000 units at a price of 20 cents per unit for gross proceeds of $20,000. Each unit comprises one common share and one common share purchase warrant. Each warrant is exercisable to purchase one common share of the company at a price of 30 cents per share for a period of 24 months from the date of closing the second tranche of the private placement.

The securities issued pursuant to the second tranches of the FT private placement and the private placement are subject to a four-month hold period from the closing date in accordance with applicable securities laws.

Defense Metals is a mineral exploration company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in electric power markets, the military and for national security concerns, and the production of green energy technologies, such as high-strength alloys and rare earth magnets. Defense Metals has an option to acquire 100 per cent of the 1,708-hectare Wicheeda rare earth element property, located near Prince George, B.C., Canada.

We seek Safe Harbor.