Defense Metals Corp. Retains Native Ads Native Ads, Inc.

DEFENSE METALS CORP. RETAINS NATIVE ADS NATIVE ADS, INC.

Vancouver, British Columbia — January 23, 2020 – Defense Metals Corp. (the “Company”) (DEFN: TSX-V /

DFMTF: OTCQB / 35D: FSE) is pleased to announce that it has retained Native Ads, Inc. (“Native Ads”) to

provide and manage a comprehensive digital media marketing campaign for the Company.

In connection with the engagement, the Company has entered into a master services agreement (the

“Agreement”) with Native Ads dated effective January 24, 2020, pursuant to which they will primarily provide

services including content development, web development, media buying distribution and campaign reporting

optimization.

Pursuant to the Agreement the campaign will commence on or about February 1 1, 2020 and last for

approximately three months for a total cost of $75,000.

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

About Native Ads Inc.

Native Ads owns and operates a proprietary ad exchange with over 80 integrated SSPs (supply side platforms)

resulting in access to 3-7 billion daily North American ad impressions.

The full-service ad agency arm leverages its proprietary platform and traffic buying methodologies to assist issuer

clients with high volume content dissemination to appropriate audiences at the appropriate times.

About Defense Metals Corp.

Defense Metals 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, light weight, rare earth magnets. Defense Metals’

primary focus is to exercise its option to acquire 100% of the 1,708 hectare Wiche eda Rare Earth Element

Project. Defense Metals Corp. trades in Canada under “DEFN” on the TSX Venture Exchange, the United States,

under “DFMTF” on the OTCQB and the German, Frankfurt Exchange under the symbol of “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 o f this release.

Cautionary Statement Regarding “Forward-Looking” Information.

This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable

securities law, including without limitation, stat ements that address the Agreement and the approval by the TSX Venture

Exchange and other statements relating to the business prospects of the Company.

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 ca use 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 regard ing present and future business strategies and the environment in

which the Company will operate in the future, whether the TSX Venture Exchange will approve the Agreement, anticipated

costs and the ability to achieve goals, and that general business and economic conditions will not change in a material adverse

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 unce rtainties and risks.