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DEFN.V ·

Defense Metals Corp. Retains Digitonic Ltd. FOR Marketing Services

Marketing Announcement

DEFENSE METALS CORP. RETAINS DIGITONIC LTD. FOR MARKETING SERVICES

News Release - Vancouver, British Columbia – January 27, 2021: Defense Metals Corp. (“Defense Metals”

or the “Company”) (TSX-V: DEFN/ DFMTF: OTCQB / 35D: FSE) is pleased to announce that it has retained

Digitonic Ltd. (“Digitonic”), an arm’s length party to the Company and a leading investor relations and mobile

marketing firm based in Glasgow, Scotland, to provide marketing services focused on the North American

capital markets.

Under the Agreement, Digitonic is to provide content creation, distribution, and advertising services in North

America over a period of two months for a total cost of US$40,000, with the fees to be allocated to media

spending and for management fees.

The Agreement remains subject to the approval of the TSX Venture Exchange.

About Defense Metals Corp.

Defense Metals Corp. is a 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”.

For further information, please visit https://defensemetals.com/ or contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

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 release.

Cautionary Statement Regarding “Forward-Looking” Information.

This news release contains “forward‐looking information or statements” within the meaning of applicable securiti es laws,

which may include, without limitation, statements relating the Agreement with Digitonic and the approval by the TSX

Venture Exchange, the technical, financial and business prospects of the Company, its project 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 regardin g present and future business strategies and the environment in

which the Company will operate in the future, including the price of rare earth elements, 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, includi ng those filed under the Company’s profile

on SEDAR at www.sedar.com. 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. 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 or obtain all necessary government permits, approvals and authorizations, failure

to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of

Covid-19 or other viruses and diseases on the Company’s ability to operate 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.