Defense Metals Corp. announced results for an additional two diamond drill holes totalling 324 metres from the Company's 29 hole, 5,349 metre diamond drill program completed during fall 2021. Drill holes WI21-37 and WI21-38 collared from the same pad on section were designed to further delineate and upgrade existing resource categories of the Wicheeda Rare Earth Element (REE) deposit.

The two infill holes intersected the highest grade REE mineralization intersected to date at Wicheeda with drill hole WI21-38 returning 6.01% TREO over 23.4 metres1 and significant widths of mineralization above the 0.5% TREO (total rare earth oxide) mineral resource lower cut-off in good agreement with geology and block modelled TREO grades. The Company expects to receive additional assay results from the 2021 Wicheeda REE Deposit resource expansion and delineation campaign in the coming days and weeks. Resource infill drill holes WI21-37 (-45o dip /108o azimuth), and WI21-38(-70o dip /220o azimuth), drilled on section, established continuity of significantly REE mineralized dolomite carbonatite at depth in accordance with block modelled TREO grades, with WI21-37 yielding 3.19% TREO over 138 metres1, including 4.00% TREO over 55 metres1; and WI21-38 intersecting a mixed-country rock bearing interval grading 3.08% TREO over 81 metres; including the highest grade interval to data at Wicheeda of 3.45% TREO over 35 metres1 and 6.01% TREO 23.4 metres1, respectively.