DEFENSE METALS ANNOUNCES BEST EFFORTS PRIVATE PLACEMENT FINANCING FOR GROSS PROCEEDS OF UP TO $15 MILLION

Defense Metals Corp. (TSXV: DEFN) ("Defense Metals" or the "Company") is pleased to announce that it intends to complete a private placement consisting of (i) a brokered offering of up to 33,334,000 units of the Company (the "Units") for gross proceeds of up to approximately $10,000,000 (the "Brokered Offering"), and (ii) a non-brokered offering of up to 16,666,667 Units for gross proceeds of up to approximately $5,000,000 (the "Non-Brokered Offering"), all for aggregate gross proceeds of up to
Defense Metals Corp. (TSXV: DEFN) ("Defense Metals" or the "Company") is pleased to announce that it intends to complete a private placement consisting of (i) a brokered offering of up to 33,334,000 units of the Company (the "Units") for gross proceeds of up to approximately $10,000,000 (the "Brokered Offering"), and (ii) a non-brokered offering of up to 16,666,667 Units for gross proceeds of up to approximately $5,000,000 (the "Non-Brokered Offering"), all for aggregate gross proceeds of up to