Discovery Energy arranges $1-million private placement

Mr. Mike Hodge reports DISCOVERY ENERGY METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING Discovery Energy Metals Corp. intends to complete a non-brokered private placement of up to 10 million units of the company at a price of 10 cents per unit for gross proceeds of up to $1-million. Each unit will comprise one common share of the company and one transferable share purchase warrant, with each warrant exercisable to acquire one common share of the company at a price of 15 cents per share for a period of 24 months from the date of issuance. The gross proceeds from the offering are expected to be used for general working capital and property exploration. The closing of the offering is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals. The company may pay finders' fees in connection with the offering. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day pursuant to applicable securities law. About Discovery Energy Metals Corp. Discovery Energy Metals is a Canadian exploration company focused on advancing mineral resource projects in North America. The company holds a 100-per-cent interest in 1,675 mineral claims in Serindac Lake and 2,113 mineral claims in Vaubert Lake for a combined total of approximately 164,283 hectares (approximately 405,952 acres) located in the Nunavik region of Northern Quebec, 303 mineral claims comprising approximately 16,392 hectares (approximately 40,505.5 acres) identified as the Route De Nord, Lac Belanger, Lac Ferland and Lac Roberston properties located across the northern and eastern regions of Quebec including the prolific lithium district of the James Bay region, and a further eight mineral claims totalling approximately 5,283 hectares (approximately 13,054.58 acres) identified as the Crystal Lake property in north-central British Columbia. Additionally, the company is actively advancing its ESN project for gold exploration in Nevada and evaluating the Koster Dam project in central British Columbia through a joint venture with Cariboo Rose Resources. We seek Safe Harbor.