$DFMTF) Commences Section 2 Infrastructure Sonic, Open Pit Geotechnical, and Exploration Goal Core Drilling at Wicheeda #RareEarthElement Venture; @defensemetals

·        Geochemical characterization (to help mine planning/waste administration and to develop preliminary water chemistry predictions for the principle mine services).

Presently two rigs, sonic and core drills, are working on the Venture, with sonic operations targeted on overburden and bedrock characterization inside the potential waste rock storage (WSF) footprint (see Picture 1), and geotechnical core drilling underway with the east highwall of the proposed open pit (see Picture 2).

With WSF drilling nearing completion, sonic operations are anticipated to transition to the proposed contact water pond (CWP), and crusher and conveyor footprints, adopted by tailing storage facility (TSF) and TSF various geotechnical investigations.

In pit geotechnical core drilling will progress from present drilling on the east highwall, adopted by south, north, and west pit partitions. Drilling into the south pit wall is anticipated to collar in REE mineralized dolomite carbonatite. As well as, geotechnical core drilling of the west pit wall is co-purposed with testing of a excessive precedence floor radiometric geophysical anomaly with the potential to symbolize undiscovered carbonatite physique (see Protection Metals’ information launch dated September 5, 2023).

Picture 1: Sonic Infrastructure Geotechnical Drilling Underway Inside WSF Space

Picture 2: Geotechnical Drill Core from Gap WI23-80 Wicheeda REE Deposit Open Pit Highwall

Certified Individual

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

In regards to the Wicheeda REE Property

Protection Metals 100% owned, 6,759-hectare (~16,702-acre) Wicheeda Venture is situated roughly 80 km northeast of the town of Prince George, British Columbia; inhabitants 77,000. The Wicheeda REE Venture is instantly accessible by all-weather gravel roads and is close to infrastructure, together with hydro energy transmission strains and fuel pipelines. The close by Canadian Nationwide Railway and main highways permit easy accessibility to the port services 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 targeted on the event of its 100% owned Wicheeda Uncommon Earth Factor Deposit situated close to Prince George, British Columbia, Canada. Protection Metals Corp. trades on the TSX Enterprise Trade beneath the image “DEFN”, in the USA, 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 data please go to: http://www.discoverygroup.ca/

For additional data, 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 accountability for the adequacy or accuracy of this information launch.

Cautionary Assertion Concerning “Ahead-Wanting” Data

This information launch comprises “ahead‐trying data or statements” inside the that means of relevant securities legal guidelines, which can embody, with out limitation, statements referring to advancing the Wicheeda REE Venture, the anticipated completion of the PFS and the anticipated timeline, the completion and anticipated timelines for sonic and geotechnical drilling and the anticipated outcomes and outcomes (together with the potential for undiscovered carbonatite), the technical, monetary and enterprise prospects of the Firm, its mission and different issues. All statements on this information launch, apart from statements of historic details, 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 primarily based on cheap assumptions, such statements should not ensures of future efficiency and precise outcomes might differ materially from these within the forward-looking statements. Such statements and knowledge are primarily based on quite a few assumptions relating to current and future enterprise methods and the surroundings during which the Firm will function sooner or later, together with the value of uncommon earth parts, the anticipated prices and expenditures, accuracy of assay outcomes, efficiency of accessible laboratory and different associated companies, future working prices, interpretation of geological and metallurgical information, the flexibility to attain its targets, that normal enterprise and financial circumstances is not going to change in a cloth hostile method, that financing will probably be accessible if and when wanted and on cheap phrases. Such forward-looking data displays the Firm’s views with respect to future occasions and is topic to dangers, uncertainties and assumptions, together with the dangers and uncertainties referring to the interpretation of exploration and metallurgical outcomes, dangers associated to the inherent uncertainty of exploration, metallurgy and improvement and price estimates, the potential for surprising 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 important enterprise, financial, aggressive and regulatory uncertainties and dangers. Elements that would trigger precise outcomes to vary materially from these in ahead trying statements embody, however should not restricted to, continued availability of capital and financing and normal financial, market or enterprise circumstances, hostile climate and local weather circumstances, failure to take care of or get hold of all essential authorities permits, approvals and authorizations, failure to take care of neighborhood acceptance (together with First Nations),  dangers referring to 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 gear, 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 referring to inaccurate geological, metallurgical and engineering assumptions, lower within the value of uncommon earth parts, the influence of Covid-19 or different viruses and ailments on the Firm’s potential to function, an incapability to foretell and counteract the results of COVID-19 and different viruses and ailments on the enterprise of the Firm, the value of commodities, capital market circumstances, restriction on labour and worldwide journey and provide chains, lack of key staff, 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 data, besides as required by legislation.

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