District Announces Option Grant

918-1030 West Georgia, Vancouver, BC, V6E 2Y3

Telephone: 604-628-5616

District Announces Option Grant

Vancouver, B.C., August 12, 2019

August 12, 2019– District Metals Corp. (TSX-V: DMX; "District" or the “Company”) is

pleased to announce that it has granted a total of 1,065,000 incentive stock options to its directors,

officers and consultants, which are exercisable for a period of five years from the date of grant at an

exercise price of $0.20 per common share in the capital of the Company (the “Options”). The Options

vest in three equal tranches over an eighteen-month period from the date of issue.

The stock options are being granted pursuant to the terms of the Company's stock option plan and are

subject to regulatory approval.

On Behalf of the Board of Directors

“Garrett Ainsworth”

President and Chief Executive Officer

604-628-5616

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.