Mr. Alex Heath reports

DEFENSE METALS ANNOUNCES MANAGEMENT CHANGES

Defense Metals Corp. has made management changes aimed at advancing the company's strategic objective of developing its wholly owned Wicheeda rare earth element deposit in British Columbia, Canada.

Defense Metals has appointed Guy de Selliers as executive chair of the board. Mr. de Selliers brings a wealth of experience and a distinguished record in the mining, chemical processing and resource sectors. His extensive background in corporate finance, strategic planning and governance will be instrumental in guiding Defense Metals through its next phase of growth. Mr. de Selliers has held prominent roles at leading organizations, demonstrating exceptional leadership and strategic acumen.

Ryan Cheung, CPA, CA, has resigned as corporate secretary of the company, and was replaced as chief financial officer, effective July 25, 2024. The board of directors thanks Mr. Cheung for his services as CFO and for continuing as controller for the company.

Alex Heath has been appointed as senior vice-president, corporate development, and interim chief financial officer. Mr. Heath's robust background in corporate finance, capital markets and strategic development positions him as a pivotal addition to the Defense Metals team. His interim role as chief financial officer will ensure continuity and stability while the company conducts a comprehensive search for a permanent chief financial officer.

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 REE project, which 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.