Defense Metals Corp. Announces Senior Management Changes

Defense Metals Corp. Announces Senior

Management Changes

VANCOUVER, April 24, 2019 /CNW/ - Defense Metals Corp.

("Defense Metals" or the "Company") (TSX-V: DEFN/ DFMTF:

OTCQB / 35D: FSE) is pleased to announce Mr. Craig Taylor and Mr.

Ryan Cheung will be resuming the roles as Chief Executive Officer

and Chief Financial Officer.

Defense Metals Corp would like to announce that Mr. Richard

Grayston is retiring after 40 years in public markets and we want to

thank him for his valuable knowledge and wish him all the best in his

retirement. Mr. Ryan Cheung, owner of MCPA services, will be

resuming the role as Chief Financial Officer and director. Defense

Metals Corp would also like to announce that Mr. Craig Taylor will be

resuming the role as Chief Executive Officer and Mr. Maximilian Sali

will remain on the board as a director.

About Craig Taylor

Mr. Taylor is currently a director of Defense Metals Corp. Mr. Taylor

was a director of Saber Capital Corp., a former capital pool company,

which completed its qualifying transaction and was renamed Emblem

Corp. In addition, he was a director of Advantage Lithium Corp., a

TSX-V listed junior exploration company, from March 2007 until

August 2016. From April 2012 until April 2016, he was a director of

Clear Mountain Resources Corp., a TSX-V listed junior resource

exploration company (now named Patriot One Technologies Inc.).

Also, from February 2006 until July 2010 Mr. Taylor was the CEO,

CFO, president and a director of Angus Resources Inc., a former

capital pool company listed on the TSX-V which in 2010 completed its

qualifying transaction and was renamed Batero Gold Corp. Mr. Taylor

has also served as director and officer of several other public

companies engaged in mineral exploration and development.

About Ryan Cheung

Ryan Cheung, CPA, CA, has been providing accounting,

management, securities regulatory compliance services to private and

public-listed companies. Mr. Cheung also serves as an officer and/or

director of a number of public-listed companies. Mr. Cheung holds a

Bachelor of Commerce degree from the University of Victoria and is a

member of the Chartered Professional Accountants of British

Columbia.

About Defense Metals Corp.

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. The Company owns (i) 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, bulk sample testing and results, metallurgical

testing, other statements relating to the technical, financial and

business prospects of the Company, and other matters.

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, 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, including

the price of metals, anticipated costs and the ability to achieve goals,

that general business and economic conditions will not change in a

material adverse manner, that financing will be available if and when

needed and on reasonable terms, and that third party contractors,

equipment and supplies and governmental and other approvals

required to conduct the Company's planned exploration activities will

be available on reasonable terms and in a timely manner. 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, including, without limitation: (i) risks

related to gold, copper, uranium, rare earth elements, and other

commodity price fluctuations; (ii) risks and uncertainties relating to the

interpretation of exploration results; (iii) risks related to the inherent

uncertainty of exploration and cost estimates and the potential for

unexpected costs and expenses; (iv) that resource exploration and

development is a speculative business; (v) that the Company may

lose or abandon its property interests or may fail to receive necessary

licences and permits; (vi) that environmental laws and regulations

may become more onerous; (vii) that the Company may not be able

to raise additional funds when necessary; (viii) the possibility that

future exploration, development or mining results will not be consistent

with the Company's expectations; (ix) exploration and development

risks, including risks related to accidents, equipment breakdowns,

labour disputes or other unanticipated difficulties with or interruptions

in exploration and development; * competition; (xi) the potential for

delays in exploration or development activities or the completion of

geologic reports or studies; (xii) the uncertainty of profitability based

upon the Company's history of losses; (xiii) risks related to

environmental regulation and liability; (xiv) risks associated with failure

to maintain community acceptance, agreements and permissions

(generally referred to as "social licence"), including local First Nations;

(xv) risks relating to obtaining and maintaining all necessary

government permits, approvals and authorizations relating to the

continued exploration and development of the Company's projects;

(xvi) risks related to the outcome of legal actions; (xvii) political and

regulatory risks associated with mining and exploration; (xix) risks

related to current global financial conditions; and (xx) other risks and

uncertainties related to the Company's prospects, properties and

business strategy. These risks, as well as others, could cause actual

results and events to vary significantly.

Factors that could cause actual results to differ materially from those

in forward looking statements include, but are not limited to, continued

availability of capital and financing and general economic, market or

business conditions, the loss of key directors, employees, advisors or

consultants, adverse weather conditions, increase in costs, equipment

failures, litigation, failure of counterparties to perform their contractual

obligations and fees charged by service providers. 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.

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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 08:53e 24-APR-19