$DMNKF PR: DNI Metals Inc. to form Mauritian Company DNI

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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

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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.