Defense Metals Corp. Clarifies Technical Disclosure
DEFENSE METALS CORP. CLARIFIES TECHNICAL DISCLOSURE
Vancouver, British Columbia – January 18, 2019: Defense Metals Corp. (“ Defense Metals” or the
“Company”) (TSX -V: DEFN) announces that, as a result of a review by the British Columbia Securities
Commission (“BCSC”) of the Company’s Technical Report on its Wicheeda Property filed on December 24, 2018
(the “Report”), it is issuing a news release to clarify and retract certain disclosures.
The Company’s Report , as currently filed , does not comply with the requirements of National Instrument 43-
101 Standards of Disclosure for Mineral Projects (“NI 43-101”). Additionally, the mineral resources set out in
the Report are not supported by a compliant NI 43- 101 technical report and should not be relied upon until they
can be supported by a compliant technical report.
The Company is in the process of amending the Report as soon as reasonably possible in order to address all non-
compliant and non-current disclosure issues identified by th e BCSC. Once an amended Report is available, the
Company will provide an update to this news release and file the amended Report on SEDAR.
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) 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.
Contact Information - For more information, please contact:
Todd Hanas, Bluesky Corporate Communications Inc.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: [email protected]
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, the updated technical report, 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 deter minable 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 f uture 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; (x) 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 bu siness 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.