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DEFN.V ·

Defense Metals Corp. Appoints Karl T. Wagner, Former U.S. Intelligence Senior Executive, as Strategic Advisor

Management Changes

Defense Metals Corp. Appoints Karl T.

Wagner, Former U.S. Intelligence Senior

Executive, as Strategic Advisor

VANCOUVER

,

May 11, 2020

/CNW/ - Defense Metals Corp. ("

Defense Metals

" or the "

Company

")

(TSX-V: DEFN/ DFMTF: OTCQB / 35D: FSE) is pleased to announce the appointment of Mr.

Karl T.

Wagner

as a Strategic Advisor to the Company.

Mr. Wagner brings over 31 years of worldwide experience to Defense Metals including work in

Latin

America

,

East Asia

,

South Asia

, the

Middle East

and

North Africa

. Mr. Wagner will advise Defense

Metals on government relations and business development opportunities worldwide.

Mr. Wagner previously served as Senior Director, Global Security at Tesla. His last position at the

Central Intelligence Agency (CIA) was Chief of Counter-Intelligence (CI) Operations. He also served

as Executive Assistant to CIA's Executive Director, Chief of the CIA's Special Middle East Task

Force and in leadership positions in CIA stations overseas including a large station in

North Africa

,

multiple war zones in the

Middle East

and

South Asia

, and high CI threat stations in

Latin America

and

East Asia

.

Mr. Wagner has an M.A. Security Studies from

Georgetown University

and a bachelor's degree in

Political Science from

University of Illinois

. He is a recipient of the National Intelligence Exceptional

Achievement Medal (

November 2013

), the DO Excellence in Leadership Award (2012), 4

Meritorious Unit Citations and 20 Exceptional Performance Awards. Karl has near native fluency in

Spanish and professional fluency in Mandarin.

Craig Taylor

, Chief Executive Officer and Director of Defense Metals comments: "Karl brings a

wealth of experience, strategic know-how, and global awareness to Defense Metals. As former

Chief of Counter-Intelligence for the CIA and the head of Global Security for Tesla, his familiarity in

working with high-level government and military personnel as well as corporate and technology

executives will provide an enormous advantage for Defense Metals moving forward. We are excited

to work with Karl and know he will add tremendous value to our team."

About Defense Metals Corp.

Defense Metals Corp. is an advanced mineral exploration company focused on the acquisition of

mineral deposits containing metals and elements commonly used in the electric power market,

military, national security and the production of "GREEN" energy technologies, such as, high strength

alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare

Wicheeda Rare Earth Element Property located near

Prince George, British Columbia

, Canada.

Defense Metals Corp. trades in

Canada

under the symbol "DEFN" on the TSX Venture Exchange, in

the United States

, under "DFMTF" on the OTCQB and in

Germany

on the Frankfurt Exchange under

"35D".

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 contains "forward

looking information or statements" within the meaning of

applicable securities laws, which may include, without limitation, statements that address the

appointment of the strategic advisor, and other statements relating to the technical, financial and

business prospects of the Company and other matters. All statements in this news release, other

than statements of historical facts, that address events or developments that the Company expects

to occur, are forward-looking statements. Although the Company believes the expectations

expressed in such forward-looking statements are based on reasonable assumptions, such

statements are not guarantees of future performance and actual results may differ materially from

those in the forward-looking 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, the ability to achieve its 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. Such forward-looking

information reflects the Company's views with respect to future events and is subject to risks,

uncertainties and assumptions, including those filed under the Company's profile on SEDAR at

www.sedar.com

. 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, adverse weather conditions, failure to maintain all

necessary government permits, approvals and authorizations, failure to maintain community

acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to

perform their contractual obligations. The Company does not undertake to update forward

looking

statements or forward

looking information, except as required by law.

SOURCE

Defense Metals Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/May2020/11/c2377.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 16:10e 11-MAY-20