DNI Metals appoints Howlett as interim CFO

Mar 1, 2016

Mr. Dan Weir reports

DNI METALS ANNOUNCES CORPORATE UPDATE

DNI Metals Inc. is providing a corporate update regarding the following corporate milestones.

DNI’s wholesale business: DNI is pleased to be a partner with Great Lakes Graphite and recently supplied 40 tonnes to Great Lakes as press released on Thursday, Feb. 16, 2016, by the company. DNI continues to grow its graphite wholesale business to build relationships between graphite producers and off-take partners.

Progress on the purchase of DNI labs: The current owners of the lab have agreed to increase the vendor take-back in regard to the purchase of the lab. DNI has been presented with several additional options to close the purchase and is assessing each.

Acquisition of two mining companies: DNI continues to work through the due diligence processes on the acquisitions of two companies, CR Capital and a private mining company, as announced by DNI on Jan. 28, 2016.

Changes to DNI’s management team: DNI would like to announce that Colin Grant, DNI’s current chief financial officer, is retiring. The company wishes him all the best. DNI is pleased to announce that Brian Howlett, chief executive officer of CR Capital, will step in as interim CFO.

“Each component adds so much value and depth to DNI,” says Dan Weir, CEO of DNI. “We are focused on building a vertically integrated industrial metals company, and owning a lab, securing off-take agreements and bolstering our management team, demonstrates that we’re on the right track.”

PDAC presentation: CEO Mr. Weir has been asked to present during PDAC at the Canadian Securities Exchange, MNP LLP and Equities.com luncheon on Tuesday, March 8 at 11:30 a.m. to 1 p.m. at the Intercontinental Hotel, Ballroom A.