DNI Metals Inc. (DMNKF)

[Luke_McCain]

DNI Metals Inc. to form Mauritian Company

http://www.newsfilecorp.com/release/26000/Tax-Convention-Signed-Between-Canada-and-Madagascar-DNI-to-Form-Mauritian-Company-DNI-Saprolite-Graphite-Advantage

DNI has started the process of forming a Mauritian company, in which ownership of DNI Metals Madagascar SARL, will be transferred to the Mauritian entity. The benefits are twofold:

1. Mauritius and Madagascar have an Investment Promotion and Protection Agreement ("IPPA") in place since late 2010. See details below

2. A double-taxation treaty is in force between Madagascar and Mauritius

4.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, once Cougar

a) Completes a NI 43-101 Resource Report by June 30, 201

b) Completes a NI 43-101 PEA (Preliminary Economic Assessment) by October 31, 2017.