Defense Metals : Drills Longest High-Grade Intercept To Date 3.09% Total Rare Earth Oxide Over 251 Metres; Including 3.92% Over 80 Metres at Wicheeda

Defense Metals Corp. Drills Longest High-Grade Intercept To Date

3.09% Total Rare Earth Oxide Over 251 Metres;

Including 3.92% Over 80 Metres at Wicheeda

News Release - Vancouver, British Columbia -April 27, 2022: Defense Metals Corp. ("Defense Metals" or the "Company") (TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) is pleased to announce results for the final five diamond drill holes totalling 1,079 metres from the Company's 29 hole, 5,349 metre diamond drill program completed during fall 2021. Drill holes WI21-57 through WI21-61 were collared from the two sites within the eastern area of the Wicheeda Rare Earth Element (REE) deposit.

Resource definition drill hole WI21-58 in conjunction with WI21-59 collared from the same setup yielded two of the three highest grade x width intercepts of the 2021 drill campaign, with WI21-58 averaging 3.09% TREO over 251 metres, including 3.92% TREO over 80 metres; and WI21-59 returning 2.76% TREO over 212 metres; including 3.25% TREO over 90 metres from surface.

Luisa Moreno, President, and Director of Defense Metals stated: "We are extremely pleased to publish the last assay results for our 2021 Wicheeda REE Deposit drill campaign with some of the highest-grade and widest drill intercepts encountered to date on the Project. Our first hole of 2021 yielded 3.17% TREO over 196 metres within the untested northern zone (WI21-33). With the final holes released today we have WI21-59 collared 200 metres to the south besting that result with exceptionally REE high grades over a 250-metre interval."

Infill drill hole WI21-57 (-50o dip / 290o azimuth) testing a gap within the central area of the Deposit returned a high-grade dolomite carbonate interval averaging 3.45% TREO over 116 metres from surface, giving way to mixed syenite at depth averaging 1.37% TREO over 96.5 metres along the western contact (Table 1 and Figure 1).

Delineation drill holes WI21-58 (-60o dip / 355o azimuth) and WI21-59 (-70o dip / 015o azimuth) targeted inferred resources at depth along the eastern contact and intersected two of the three highest grade x width intercepts of the 2021 drill campaign, with WI21-58 averaging 3.09% TREO over 251 metres, including 3.92% TREO over 80 metres; and WI21-59 returning 2.76% TREO over 212 metres; including 3.25% TREO over 90 metres from surface (Figure 2).

Infill drill hole WI21-60 (-55o dip / 205o azimuth) targeting the southern area of the Deposit returned 2.93% TREO over 154 metres; including 5.47% TREO over 39 metres from surface representing the third highest-grade reported drill intercept (Figure 3).

Like WI21-57, drill hole WI21-61 (-50o dip / 210o azimuth) targeted the central gap area from a pad 200 metres north. The hole collared into east side limestone host rock before intersecting a broad high-grade dolomite carbonatite interval averaging 3.44% TREO over 114 metres, giving way to mixed xenolithic carbonatite and syenite rocks at depth returning 0.93% TREO over 79

metres (Figure 4).

Table 1. Wicheeda REE Deposit 2021 Diamond Drill Intercepts

Hole ID	From (m)	To (m)	Interva l (m)	1 TREO (%)	Ce2O3 (%)	La2O3 (%)	Nd2O3 (%)	Pr2O3 (%)	Sm2O3 (ppm)	Gd2O3 (ppm)	Eu2O3 (ppm )	Dy2O3 (ppm )	Tb4O7 (ppm)	Ho2O3 (ppm)
WI21-57 (290/-50)	21.6	137.5	115.9	3.45	1.68	1.24	0.35	0.13	318	140	68	36	13	4
and	137.5	234	96.5	1.37	0.67	0.48	0.15	0.05	158	77	36	23	7	3
WI21-58 (355/-60)	1.8	252.6	250.8	3.09	1.51	1.08	0.33	0.12	315	134	62	29	11	3
including	51	131	80	3.92	1.93	1.39	0.40	0.14	358	153	71	34	13	3
WI21-59 (015/-70)	2.4	214	211.6	2.76	1.32	0.99	0.29	0.10	279	120	56	27	10	3
including	2.4	92	89.6	3.25	1.58	1.18	0.32	0.12	302	123	60	32	11	3
WI21-60 (205/-55)	1.3	154.9	153.6	2.93	1.43	1.01	0.31	0.11	320	145	67	36	12	4
including	1.3	40	38.7	5.47	2.69	1.93	0.55	0.21	490	217	99	56	18	6
WI21-61 (210/-50)	57	170	113	3.44	1.64	1.22	0.38	0.13	368	168	71	31	12	3
and	170	248.5	78.5	0.93	0.45	0.28	0.12	0.04	151	84	36	31	8	4
WI21-33 (350/-80)	5.00	201.0 0	196	3.17	1.52	1.07	0.37	0.13	382	181	81	42	14	4
including	5.00	55.25	50.25	3.63	1.74	1.26	0.41	0.14	396	181	84	52	16	6
including	146.0 0	201.0 0	55.00	4.29	2.07	1.48	0.47	0.17	489	232	112	52	18	5
WI21-34 (040/-55)	3.00	117.0 0	114.00	2.97	1.46	1.02	0.33	0.11	323	134	58	23	9	2
including	3.00	70.00	67.00	3.84	1.89	1.34	0.41	0.15	379	160	69	29	11	3
WI21-35 (080/-55)	1.20	121.0 0	119.80	3.87	1.87	1.34	0.43	0.15	434	200	88	52	17	6
WI21-36 (108/-80)	1.10	174.0 0	172.90	2.34	1.14	0.78	0.27	0.09	293	134	59	35	11	4
including	1.10	35.65	34.55	3.45	1.66	1.21	0.38	0.13	374	170	72	37	13	4
including	136.0 0	174.0 0	38.00	3.02	1.46	1.05	0.33	0.12	337	157	68	40	13	4
WI21-37 (108/-45)	2.00	139.8 5	137.85	3.19	1.56	1.10	0.35	0.12	351	144	66	30	11	3
including	2.00	57.00	55.00	4.00	1.96	1.38	0.42	0.15	427	164	76	35	12	3
WI21-38 (220/-70)	1.35	82.00	80.65	3.08	1.50	1.07	0.33	0.12	346	154	70	40	13	4
including	1.35	24.75	23.4	6.01	2.91	2.14	0.62	0.23	607	246	114	60	20	6
WI21-39 (285/-60)	4	114	110	2.62	1.28	0.87	0.30	0.10	320	158	73	42	13	5
and	114	224.8	110.8	0.72	0.35	0.21	0.10	0.03	129	75	31	30	8	4
WI21-40 (345/-65)	2.75	165	162.25	3.23	1.57	1.11	0.36	0.13	370	158	70	39	13	4
including	2.75	47.5	44.75	4.21	2.05	1.46	0.46	0.16	452	197	92	61	18	7

1TREO % sum of CeO2, La2O3, Nd2O3, Pr6O11, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3 and Ho2O3.

including	96	167	71	3.67	1.79	1.26	0.41	0.14	411	173	75	35	13	3
WI21-43 (045/-85)	10.75	124.1	113.35	0.55	0.26	0.17	0.07	0.02	121	84	33	35	9	5
WI21-44 (240/-60)	17.5	125.6	108.1	1.72	0.83	0.57	0.20	0.07	266	141	69	47	14	6
including	35	89	54	2.59	1.24	0.87	0.29	0.10	384	205	102	70	20	9
WI21-45 (240/-75)	47.8	106.9	59.1	1.46	0.67	0.51	0.17	0.06	230	134	83	43	13	6
including	47.8	74	26.2	2.48	1.13	0.88	0.29	0.10	384	225	151	67	21	8
WI21-46 (190/-50)	18.9	135.3	116.4	1.66	0.80	0.56	0.20	0.06	229	108	47	28	9	3
including	48	90	42	2.27	1.09	0.79	0.25	0.09	271	112	48	22	8	2
including	117.5 5	135.3	17.75	2.32	1.12	0.74	0.30	0.09	350	170	75	42	14	5
WI21-47 (280/-60)	17	98.36	81.36	0.58	0.28	0.18	0.08	0.02	108	67	30	29	7	4
WI21-48 (145/-45)	12	188	176	2.50	1.22	0.84	0.29	0.10	306	130	57	27	10	3
including	12	32	20	6.15	2.98	2.11	0.69	0.24	669	311	142	80	25	9
WI21-49 (190/-70)	33	183	150	3.79	1.80	1.36	0.41	0.14	430	197	86	45	16	5
including	82	142	60	4.77	2.28	1.71	0.51	0.18	520	228	103	54	18	5
WI21-50 (215/-50)	23	149.7	126.7	1.60	0.76	0.55	0.18	0.06	205	110	47	34	10	4
including	50.35	85.65	35.3	3.34	1.59	1.23	0.33	0.12	341	166	72	40	13	4
WI21-51 (030/-55)	4.25	92.7	88.45	2.47	1.18	0.88	0.26	0.09	267	127	56	25	9	3
and	92.7	251	158.3	1.27	0.62	0.39	0.17	0.05	206	103	46	32	9	4
WI21-52 (260/-45)	3.25	72.8	69.55	3.31	1.58	1.16	0.37	0.13	395	188	84	53	17	6
WI21-53 (260/-65)	2.7	83	80.3	3.06	1.48	1.08	0.32	0.12	319	148	68	37	13	4
WI21-54 (320/-45)	2.4	147	144.6	3.06	1.48	1.10	0.31	0.12	306	132	61	32	11	3
WI21-55 (320/-65)	2.2	119	116.8	3.81	1.85	1.36	0.39	0.15	364	169	77	36	13	4
including	2.2	41	38.8	4.33	2.11	1.51	0.46	0.17	459	208	92	45	16	5
including	67	104.5	37.5	4.87	2.36	1.79	0.47	0.18	403	188	87	39	14	4
WI21-56 (065/-45)	5.35	56.5	51.15	3.56	1.74	1.27	0.35	0.14	323	140	66	33	11	3
and	56.5	225.2	168.7	1.41	0.69	0.47	0.16	0.06	196	89	43	20	7	2

Figure 1. Drill Section Holes WI21-57

Figure 2. Drill Section Holes WI21-58 and WI21-59

Figure 3. Drill Section Holes WI21-60

Figure 4. Drill Section Holes WI21-61

About the Wicheeda REE Property