Defense Metals Submits First Batch of Drill Core for Analysis

Defense Metals Submits First Batch of Drill

Core for Analysis

VANCOUVER

,

Oct. 1, 2019

/CNW/ - Defense Metals Corp.

(TSXV: DEFN), (US-OTCQB: DFMTF),

(FSE: 35D)

("

Defense Metals

") is pleased to announce it has submitted the initial batch of 124 core

samples from its successful 13 hole, 2,005 metre summer 2019 Wicheeda Rare Earth Element

Deposit diamond drill program to ALS Global ("

ALS

") analytical laboratories,

Kamloops, BC

.

The samples are currently at ALS where they are undergoing sample preparation and multi-element

ICP-MS analysis via lithium-borate fusion to determine individual Rare Earth Elements (REE). ALS is

an International Standard (ISO/IEC) 17025:2005 and ISO 9001:2015 certified analytical testing

facility.

Defense Metals expects the balance of 2019 drill core samples will be submitted to ALS within the

next two weeks. As previously reported all 13 drill holes intersected significant intercepts of visibly

REE mineralized dolomite-carbonatite rocks

(see the Company's

September 23, 2019

News

Release)

. The Company will provide additional updates as work progresses.

Craig Taylor

, President and CEO of Defense Metals, commented:

"Based on the presence of

visually encouraging REE mineralization we look forward to receiving the results of REE analysis

from our first batch of core samples submitted to ALS and releasing these results to market as they

become available over the coming weeks. Our exploration crews are working hard to expedite

logging, cutting and sampling of the remaining drill core from our highly successful 2019

Wicheeda Project diamond drill campaign. We expect to generate additional news flow over the

coming months as we continue to receive results from the drilling and metallurgical test-work

which is rapidly nearing completion."

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda

Rare Earth Element Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC)

Principal and Consultant of APEX Geoscience Ltd. of

Edmonton, AB

, a director of Defense Metals

and a "Qualified Person" as defined in National Instrument 43-101 –

Standards of Disclosure for

Mineral Projects

.

ON BEHALF OF THE BOARD OF DIRECTORS,

Craig Taylor

, President & CEO

About Defense Metals

Defense Metals 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, light weight, rare

earth magnets. Defense Metals primary focus is to exercise its option to acquire 100% of the 1,780

hectare Wicheeda REE 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".

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, Defense Metals' plans for its

properties/projects, assays, drill results, other statements relating to the technical, financial and

business prospects of Defense Metals, 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", "should", "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 Defense Metals 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 Defense Metals will operate in the future, including the price of metals and elements,

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 Defense Metals' 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 Defense Metals, 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 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 Defense Metals 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 Defense Metals 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 Defense Metals' 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 Defense Metals' 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 Defense

Metals' 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 Defense Metals' 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 Defense Metals 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.

https://defensemetals.com/

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 06:00e 01-OCT-19