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DEFN.V ·

Defense Metals Corp. Announces Listing on

Corporate Updates

Defense Metals Corp. Announces Listing on

OTC-Markets

VANCOUVER

,

Jan. 30, 2019

/CNW/ - Defense Metals Corp. (the "

Company

") (TSX-V: DEFN;

OTCQB: DFMTF) is pleased to announce that its common shares now trade on the OTCQB, a U.S.

interdealer quotation system, under the symbol "DFMTF". The Company's common shares will also

continue to trade on the TSX Venture Exchange under its trading symbol "DEFN".

Trading of the Company's common shares on the OTCQB market makes it accessible to an even

broader range of investors and is expected to assist with the Company's goal of increasing the

liquidity and convenience of trading its common shares within the U.S.

About the Company

Defense Metals Corp. is a mineral exploration company focused on the acquisition, exploration and

development of minerals, metals and elements commonly used in the protection of our nation and

other nations abroad. Defense Metals Corp. trades under "DEFN" on the TSX Venture Exchange

and under "DFMTF" on the OTCQB. The Company (i) owns a 100% interest in prospective uranium

claims in the

Athabasca

Basin,

Saskatchewan

totalling approximately 9,362.65 hectares; (ii) has an

option to acquire 100% of the Wicheeda Rare Earth Element Project located in

Prince George,

British Columbia

; and (iii) has an option to acquire 100% of the Lac Burge gold property located

approximately 215 km northeast of

Val d'Or, Quebec

.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this news release.

Forward Looking Information

This news release includes certain statements that constitute "forward-looking information" within the

meaning of applicable securities law, including without limitation, the Company's plans for its

properties/projects, increasing liquidity of the shares, other statements relating to the technical,

financial and business prospects of the Company, and other matters.

This news release includes certain statements that constitute "forward-looking information" within the

meaning of applicable securities law. Forward-looking statements address future events and

conditions and are necessarily based upon a number of estimates and assumptions. These

statements relate to analyses and other information that are based on forecasts of future results,

estimates of amounts not yet determinable and assumptions of management. Any statements that

express or involve discussions with respect to predictions, expectations, beliefs, plans, projections,

objectives, assumptions or future events or performance (often, but not always, using words or

phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate",

"plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could",

"would", "might" or "will" be taken, occur or be achieved), and variations of such words, or the

negative of any of these terms and similar expressions and similar expressions are not statements of

historical fact and may be forward-looking statements. Forward-looking statement are necessarily

based upon a number of factors that, if untrue, could cause the actual results, performances or

achievements of the Company to be materially different from future results, performances or

achievements express or implied by such statements. Such statements and information are based

on numerous assumptions regarding present and future business strategies and the environment in

which the Company will operate in the future. While such estimates and assumptions are considered

reasonable by the management of the Company, they are inherently subject to significant business,

economic, competitive and regulatory uncertainties and risks. Forward-looking statements are

subject to a variety of risks and uncertainties, which could cause actual events, level of activity,

performance or results to differ materially from those reflected in the forward-looking statements.

These risks, as well as others, could cause actual results and events to vary significantly. Investors

are cautioned that forward-looking statements are not guarantees of future performance or events

and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the

inherent uncertainty of such statements. The forward-looking statements included in this news

release are made as of the date hereof and the Company disclaims any intention or obligation to

update or revise any forward-looking statements, whether as a result of new information, future

events or otherwise, except as expressly required by applicable securities legislation.

SOURCE

Defense Metals Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/January2019/30/c4985.html

%SEDAR: 00042886E

For further information:

Todd Hanas, Bluesky Corporate Communications Ltd., Vice President,

Investor Relations, Tel: (778) 994 8072, Email: [email protected]

CO: Defense Metals Corp.

CNW 05:00e 30-JAN-19