DGAP-News

DNI Metals Completes DA with Cougar Metals - Drilling to Start - Saprolite Graphite Advantage

DGAP-News: DNI Metals Inc. / Key word(s): Miscellaneous DNI Metals Completes DA with Cougar Metals - Drilling to Start - Saprolite Graphite Advantage 27.03.2017 / 16:09 The issuer is solely responsible for the content of this announcement. Toronto, Ontario--(Newsfile Corp. - March 27, 2017) - DNI Metals Inc. (DNI: CSE) (FSE: DG7N) (OTC Pink: DMNKF) ('DNI' or the 'Company').

DNI is pleased to announce the following:

1. The Definitive Agreement 'DA' was finalized and signed on Friday March 24, 2017 with Cougar Metals in which Cougar can earn into 50% of DNI's Madagascar Graphite Project.

2. Cougar has completed a financing in which it has sufficient funds to complete the earn-in.

3. NI 43-101 Resource Report must be completed by June 30, 2017

4. NI 43-101 PEA (Preliminary Economic Assessment) must be completed by October 31, 2017.

5. A$200,000 to be paid to DNI by March 31, 2017

6. U$150,000 to be paid to DNI by June 7, 2017, unless Cougar has withdrawn from the agreement by April 12, 2017.

7. One of Cougar's eight drills has arrived in Madagascar, and should be on the property within a week.

8. Cougar must drill a minimum of 3,000m to a maximum depth of 50m, and additionally complete 1,000m of trenching.

9. The Saprolitic advantage of DNI's graphite project, will simplify drilling for Cougar's experienced team. Cougar completed a drill program of a Saprolitic graphite deposit in Brazil, in 2015/2016.

About DNI Metals

Certain advisors and directors of DNI have significant operational experience at historical hard rock graphite mines in Canada (e.g. Ontario and Quebec) and Australia. Between them, they have built three (3) processing plants and designed two (2) others; all, which were shut down in the 1990,'s due to increased Chinese competition. Keith Minty, director, worked at Cal Graphite near Kearny, Ontario.