Defense Metals Corp. is a Canadian, Toronto Venture Exchange-listed company (TSXV: DEFN /OTCQB: DFMTF) focused on sourcing, exploring and developing rare earth and uranium

mineral properties. The company is committed to providing the world with resources necessaryto provide reliable energy as well as contribute to the defense of nations globally.

The company is currently engaged in exploration and development of a rare earth mineralproperty near Prince George BC, Wicheeda Lake, and on two uranium properties in

Northern Saskatchewan, in the Northeast Athabasca basin.

Ticker: TSXV: DEFN / OTCQB: DFMTFCompany: Defense Metals Corp.Founded: 2016Head Office: Vancouver, CanadaURL: www.defensemetals.com

DIVERSIFIED - TARGETED - RELIABLEKEY INVESTMENT HIGHLIGHTSTHE OPPORTUNITY

Veritcally integrated exploration and development company with diversifiedmineral output sourced from domesticproperties. Rare Earth Elements areutilised in advanced millitarytechnologies and emerging commercialsectors.

Large scale application in electric motors for the EV market. Uranium is the keyelement in nuclear power generation.

THE PROPERTIES

OVERVIEW

Well financed, strong shareholder base, tight share structureGrowing market opportunity for domestically produced Rare Earth MineralsExtensive local infrastructure - Roads, Water, Power, and LabourDiversified approach (Uranium and Rare Earth Elements)Strong executive team and board implementing focused strategy

Proven asset base, large resource growth potential

THE PROPERTIES

Wicheeda LakeArea enriched in the Lanthanide suite oflight rare earth elements (LREE) as well asNiobium, Barium, Strontium, Zinc & Fluorine.The ʻMain’ zone is outlined by a 400 ppmCerium (Ce) oil geochemical anomalymeasuring 1000 m by 500 m.

Athabasca Basin - Geiger & KlaprothNearby IsoEnergy Hurricane Zonediscovery* returned drill intercept of 8.5mgrading 1.26% U3O8, including 2.5maveraging 3.58% U3O8**.*Not necessarily indicative of mineralization within the Geiger and Klaproth Properties**Source: IsoEnergy Drills 8.5m @ 1.26% U3O8 Including 2.5m @ 3.58% U3O8 at the Hurricane Zone at the Larocque East Property, News Release, August 8, 2018 www.sedar.com. The QP has been unable to verify the information and that the information is not necessarily indicative of the mineralization on the property.

LIGHT RARE EARTH ELEMENTS

URANIUM

CE - CeriumCerium-based compounds are used aspolishing media for many types of optical lenses encountered in the battlefield.

ND - NeodymiumHigh-powered Neodymium rare earth magnetactuators control various air surfaces duringmilitary operation.

SM - SamariumUsed to dope calcium chloride crystals for usein optical lasers, Infrared absorbing glass andas a neutron absorber in nuclear reactors.

Millitary Applications

LA - LanthanumUsed in camera and telescope, night visionlenses. Also, to gain efficiency in convertingcrude oil into refined gasoline.

Commecial Applications

ELECTRIC MOTORSMagnet based electric motors are essential to he electric vehicles of the future.

MAGNETSRare Earth magnets areused for a number of different applications,such as in Nulcear Fusion reactors.

COMMERCIAL AEROSPACEAlloys containing rare earth emelents areused in commercial jet engines and aerospace.

Ticker: TSXV: DEFN - OTCQB: DFMTFContact:Todd Hanas - VP Investor RelationsMobile: +1 (778) 994 8072Toll Free: +1-833-562-9916info@defensemetals.com

Spot price now up $9/lb or 43% from April2018 low of $20.25 to $29.10

Over the past 3 years equities have beenstrongly correlated with the spot price

Major divergence has emerged

Equity correction to the upside is inevitable

Uranium Price Divergence

WWW.DEFENSEMETALS.COM

Certain statements and/or graphics in the Company’s press releases, web site information and corporate displays, among others, constitute “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the e�ect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identi�ed by terms such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”, or their conditional or future forms. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s �nancial condition and prospects, could di�er materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the �nancial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational di�culties encountered in connection with the activities of the Company; and other matters discussed in this presentation. This list is not exhaustive of the factors that may a�ect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward looking statement that may be made from time to time by the Company or on its behalf, except if required to do so by applicable securities laws. You are cautioned not to place any undue reliance on any forward-looking statement.Forward Looking Statements or Information Related to Exploration:Relating to exploration, the identi�cation of exploration targets and any implied future investigation of such targets on the basis of speci�c geological, geochemical and geophysical evidence or trends are future-looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surface showings may be marked by wording such as “open”, “untested”, “possible extension” or “exploration potential” or by symbols such as “?”. Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of identifying economical reserves are extremely small.

The presentation contains historical exploration data that have not been veri�ed by Defense Metals Corp. and may not be accurate or complete, and therefore the information should not be relied upon. Regarding disclosure of explorationinformation with respect to the Wicheeda Property refer to the Company’s current NI 43-101 Technical Report titled: Lane et al. (2018) Wicheeda Rare earth Element Project, BC, Canada, E�ective Date December 17, 2018 www.sedar.com. The technical content of this presentation have been reviewed and approved by Kris Ra�e, P.Geo., a Director of the Company and a Quali�ed Person as de�ned by National Instrument 43-101.

PR - PraseodymiumPraseodymium is used as an alloying agentwith magnesium to create high-strength metalsused in aircraft engines.