$DFMTF) Completes Geotechnical Discipline Information Assortment for Wicheeda Uncommon Earth Component Mission Preliminary Feasibility Examine; @defensemetals

December 27, 2023

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Breaking Metals Inventory Information -Protection Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Completes Geotechnical Discipline Information Assortment for Wicheeda Uncommon Earth Component Mission Preliminary Feasibility Examine; @defensemetals

Vancouver, British Columbia – December 27, 2023 (Investorideas.com Newswire) Uncommon earth metals information –Protection Metals Corp. (“Protection Metals” or the “Firm”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) pronounces that it has accomplished all infrastructure geotechnical area information assortment in assist of the preliminary feasibility examine (“PFS”) for its 100% owned Wicheeda Uncommon Earth Component (“REE”) Mission positioned close to Prince George, B.C., Canada.

Learn this information, that includes DEFN In full at https://www.investorideas.com/information/2023/mining/12271DEFN-Wicheeda-Discipline-Information-Assortment.asp

Craig Taylor, CEO of Protection Metals, commented:

“We’re very excited to have accomplished our 2023 Section 3 geotechnical program. I wish to congratulate the APEX and SRK groups for his or her protected {and professional} execution of this work. These multi-phase packages began in early summer season and we now have all area geotechnical information in hand obligatory for the completion of our PFS examine which we anticipate to be completed in Q2 2024.”

Highlights of the 2023 Wicheeda REE Mission infrastructure geotechnical packages embrace:

· 16 helicopter and observe sonic overburden geotechnical drill holes totalling 225.5 metres (Picture 1and Picture 2);

· 20 excavated overburden geotechnical take a look at pits totalling 76.8 metres (Picture 3);

· 6 diamond drill holes totalling 1,182 metres throughout the Wicheeda REE deposit pit shell; inclusive of 4 open pit geochemical drill holes totalling 920 metres, and in pit exploration holes totalling 262 metres;

· Cargo of a 2,700 kg metallurgical pattern, collected from drill core, to SGS Lakefield, Ontario for continued flotation and hydrometallurgical optimization test-work;

· Initiation of humidity cell testwork on 17 samples, and 250 kg pattern choice for on-site kinetic leach (barrel) testing of samples consultant of anticipated mine waste rock to evaluate steel leaching and acid rock drainage potential in assist of environmental evaluation.

The geotechnical work was accomplished by SRK Consulting (Canada) Inc. (“SRK”) with the assist of APEX Geoscience Ltd. (“APEX”).

Picture 1: Heli-Sonic Overburden Drilling in PFS Tailings Choice Examine Space

Picture 2: Momentary Bridge Set up to Entry Tailings Examine Space

Picture 3: Excavated Overburden Take a look at Pits Underway in Tailings Examine Space

Certified Individual

The scientific and technical info contained on this information launch because it pertains to the Wicheeda REE Mission has been reviewed and authorised by Kristopher J. Raffle, P.Geo. (B.C.), Principal and Advisor of APEX Geoscience Ltd. of Edmonton, Alberta, who’s a “Certified Individual” as outlined in NI 43-101.

Concerning the Wicheeda Uncommon Earth Component Mission

Protection Metals’ 100% owned, 8,301-hectare (~20,534-acre) Wicheeda REE Mission is positioned roughly 80 km northeast of town of Prince George, British Columbia; inhabitants 77,000. Wicheeda is quickly accessible by all-weather gravel roads and is close to infrastructure, together with hydro energy transmission strains and gasoline pipelines. The close by Canadian Nationwide Railway and main highways permit quick access to the port amenities at Prince Rupert, the closest main North American port to Asia.

About Protection Metals Corp.

Protection Metals Corp. is a mineral exploration and improvement firm centered on the event of its 100% owned Wicheeda Uncommon Earth Component Deposit positioned close to Prince George, British Columbia, Canada. Protection Metals Corp. trades on the TSX Enterprise Trade beneath the image “DEFN”, in america, buying and selling image “DFMTF” on the OTCQB and in Germany on the Frankfurt Trade beneath “35D”.

Protection Metals is a proud member of Discovery Group. For extra info please go to: http://www.discoverygroup.ca/

For additional info, please go to www.defensemetals.com or contact:

Todd Hanas, Bluesky Company Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

E mail: todd@blueskycorp.ca

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this information launch.

Cautionary Assertion Relating to “Ahead-Wanting” Info

This information launch comprises “ahead‐trying info or statements” throughout the that means of relevant securities legal guidelines, which can embrace, with out limitation, statements regarding advancing the Wicheeda REE Mission, the anticipated completion of the PFS and the anticipated timeline, the receipt of assays from drilling, continued optimization test-work, the technical, monetary and enterprise prospects of the Firm, its venture and different issues. All statements on this information launch, aside from statements of historic info, that tackle occasions or developments that the Firm expects to happen, are forward-looking statements. Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on cheap assumptions, such statements aren’t ensures of future efficiency and precise outcomes could differ materially from these within the forward-looking statements. Such statements and data are based mostly on quite a few assumptions concerning current and future enterprise methods and the setting by which the Firm will function sooner or later, together with the worth of uncommon earth parts, the anticipated prices and expenditures, accuracy of assay outcomes, efficiency of obtainable laboratory and different associated companies, future working prices, interpretation of geological, engineering and metallurgical information, the flexibility to attain its objectives, that basic enterprise and financial circumstances won’t change in a fabric opposed method, that financing shall be out there if and when wanted and on cheap phrases. Such forward-looking info displays the Firm’s views with respect to future occasions and is topic to dangers, uncertainties and assumptions, together with the dangers and uncertainties regarding the interpretation of exploration, engineering and metallurgical outcomes, dangers associated to the inherent uncertainty of exploration, metallurgy and improvement and price estimates, the potential for sudden prices and bills and these different dangers filed beneath the Firm’s profile on SEDAR at www.sedarplus.ca. Whereas such estimates and assumptions are thought-about cheap by the administration of the Firm, they’re inherently topic to vital enterprise, financial, aggressive and regulatory uncertainties and dangers. Elements that might trigger precise outcomes to vary materially from these in ahead trying statements embrace, however aren’t restricted to, continued availability of capital and financing and basic financial, market or enterprise circumstances, opposed climate and local weather circumstances, failure to keep up or get hold of all obligatory authorities permits, approvals and authorizations, failure to keep up group acceptance (together with First Nations), dangers regarding unanticipated operational difficulties (together with failure of kit or processes to function in accordance with specs or expectations, value escalation, unavailability of personnel, supplies and tools, authorities motion or delays within the receipt of presidency approvals, industrial disturbances or different job motion, and unanticipated occasions associated to well being, security and environmental issues), dangers regarding inaccurate geological, metallurgical and engineering assumptions, lower within the worth of uncommon earth parts, the influence of Covid-19 or different viruses and illnesses on the Firm’s capability to function, an lack of ability to foretell and counteract the results of COVID-19 and different viruses and illnesses on the enterprise of the Firm, the worth of commodities, capital market circumstances, restriction on labour and worldwide journey and provide chains, lack of key workers, consultants, or administrators, enhance in prices, delayed outcomes, litigation, and failure of counterparties to carry out their contractual obligations. The Firm doesn’t undertake to replace ahead‐trying statements or ahead‐trying info, besides as required by regulation.

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