DNI Metals Inc. (DMNKF)

[Luke_McCain]

Update from Vohitsara project partner Cougar Metals NL

The Company is currently commencing a Scoping Study on the Toamasina Graphite project in Madagascar which the Company believes to have significant potential to deliver an early cash flow to the Company, through the development of a low cost/high quality graphite project.

From: http://www.cgm.com.au/admin/arquivos/files/CGM-Toamasina-Presentation-Feb-17.pdf

EXPECTED NEWS FLOW

• March 2017

- Arrival of CGM drilling rig at site
- Commencement of aircore drilling on Prospect
- Sampling for further metallurgical test work

• April 2017

- Drilling Results providing
(i) Definition of resource target
(ii) Further information on flake size distribution, graphite quality and upgradability

• April 2017

- Commencement of Resource drilling and scoping study

• May 2017

- Resource statement

• June/July 2017

– Finalisation of PEA

PRODUCTION TARGETED FOR JUNE 2018