DNI Metals Inc. (DMNKF)

[Luke_McCain]

Clarification to DNI Metals Inc. LOI 12/16/16 PR:

DNI is retracting the following Comments from Cougar that were press released by DNI today:

"Cougar's directors believe the greatest strength of the Toamasina Saprolitic Graphite Project lies in its ability to deliver a high quality product with a low cost base into an existing market."

"and the Toamasina project is ideally suited to capitalize on this existing 'brand awareness'."

"It is expected that the Toamasina Saprolitic Graphite Project can be placed into production with modest capital costs and can cost effectively expand to meet the demand for its product."

"This confirms the potential of the project to host a long-life / low-cost mining operation."

"This proximity to a port and the infrastructure of a major city, will result in significantly lower construction and operating costs than would otherwise be the case."

"Visual estimates from site inspection and anecdotal reports from indigenous personnel put this production at just under 100,000T of material."

http://www.newsfilecorp.com/release/24148/CLARIFICATION-DNI-Metals-Inc-Signs-LOI-Valued-Up-to-4.5-Million