$DMNKF PR: Madagascar Commercial Mining Permit

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TORONTO, ON / ACCESSWIRE / March 16, 2017 / DNI Metals Inc. (CSE: DNI) (FSE: DG7N) (OTC PINK: DMNKF) ("DNI" or the "Company" ).

DNI Metals Inc. "DNI" has a commercial Mining Permit ("Permis de Exploitation" or "PE" ) over its Vohitsara graphite project in Madagascar. Originally an artisanal mining permit ('PRE') at the time of the transaction, the Mining permit was granted by the Madagascar Minister for Mines through the national mining cadastre office ("Bureau du Cadastre Minier de Madagascar" or "BCMM" ).

The BCMM is the government agency responsible for administrative oversight of all mining tenements in Madagascar.

The obtaining of a commercial PE marked a significant milestone for DNI in Madagascar, as it allows DNI to move to commercial production at its option , subject to completion / fulfillment of the requisite environmental impact and social responsibility ("EIE" & "CSR" ) studies and obligations.

Neither of these requirements are onerous and DNI will be moving to fulfill these requirements concurrent with its upcoming fast-track exploration and development programme for the Vohitsara Project.

DNI's Mining ('PE') Permit has a term of 40 years and is renewable .

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