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Defense Metals Signs Mineral Exploration Agreement with McLeod Lake Indian Band

Press Release

VANCOUVER, BC, Sept. 7, 2022 – Defense Metals Corp. (“Defense Metals” or the “Company”) ( TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is very pleased to announce it has entered into a Mineral Exploration Agreement (the “Agreement”) with the McLeod Lake Indian Band regarding its Wicheeda Rare Earth Element (“REE”) exploration project located 80 kilometres northeast of Prince George, Canada.

The Agreement addresses the immediate interests of the parties with respect to mineral exploration activities related to the project, and puts into place a framework for communication and cooperation going forward. In addition to providing McLeod Lake Indian Band with meaningful input into how these activities are to proceed, the Agreement provides current economic opportunities for the community and establishes a roadmap for potential future commercial involvement as the exploration activities advance.

“We are delighted to have the McLeod Lake Indian Band engaged with Defense Metals and the opportunities presented by the Wicheeda exploration project,” said Craig Taylor, CEO of Defense. “We look forward to building a long-term and mutually beneficial relationship with the McLeod Lake Indian Band through the implementation of this initial agreement.”

“McLeod Lake Indian Band has always been open to working with companies that respect our rights, laws and interests in the protection of our lands, and that provide meaningful economic and commercial opportunities for our community,” said Chief Harley Chingee. “We are therefore pleased to have completed this initial agreement with Defense Metals, and look forward to its successful implementation.”

About McLeod Lake Indian Band

McLeod Lake Indian Band is part of the Tse’khene group of Aboriginal peoples. The main community of McLeod Lake Indian Band is located near the unincorporated village of McLeod Lake, approximately 150 kilometers north of Prince George.

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada on the TSX Venture Exchange under the symbol “DEFN”, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: [email protected]

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