Toronto, Ontario--(Newsfile Corp. - February 9, 2017) - DNI Metals Inc (CSE: DNI) (FSE:
DG7N) (OTC Pink: DMNKF) ("DNI" or the "Company") is pleased to announce:
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Drilling rig dispatched from Brazil and will arrival in Madagascar within the next 21 days. Drilling to commence in March.
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The project is permitted for production.
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Local communities engaged and supportive of exploration and potential mining activities
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Independent Metallurgical Laboratories engaged to Manage PEA
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Sahara Mining Services engaged to manage Resource Definition work.
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Surveying of the 2 km road to the site is complete, road construction to be completed before the end of February.
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DNI has negotiated the purchase of the land for the road, the final cost of the land should be less that U$5,000.
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According the agreement announced Dec. 16, 2016 with Cougar Metals NL (ASX:CGM) "Cougar":
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DNI presented at the Indaba mining conference in South Africa this week and continues to emphasize the Advantage of
Saprolitic ``weathered rock`` over Hard Rock, graphite deposits.
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Certain, advisors and directors of DNI have built and worked at historical mines in Canada (Ontario and Quebec) and
Australia. They built three graphite processing plants and designed two others, all which were shut down in the 1990's due
to increased Chinese competition.
DNI and Bullrun have decided to not move forward with the sale/purchase of DNI's Alberta polymetallic deposit. DNI has been
approached by another potential buyer and will assess all potential opportunities.
Steven Goertz, who is a qualified person, approved the technical disclosure in this news release.
DNI — Canadian Securities Exchange
DG7N — Frankfurt
DMNKF - OTC
Issued: 39,724,204
For further information, contact:
DNI Metals Inc. — Dan Weir, CEO 416-595-1195
DanWeir@dnimetals.com
Also visit www.dnimetals.com
We seek Safe Harbour. This announcement may include forward looking statements. While these
statements represent DNI's best current judgment, they are subject to risks and uncertainties that could cause actual results to
vary, including risk factors listed in DNI's Annual Information Form and its MD&As, all of which are available from SEDAR and
on its website.