DISCOVERY METALS CLOSES CHANGE OF BUSINESS TRANSACTION

http://www.dsvmetals.com/2017-08-17-nr-dsv.pdf

Vancouver, British Columbia – August 17, 2017 – Discovery Metals Corp. (“Discovery
Metals” or the “Company”) (TSX-V: DSV.H) is pleased to announce that it has closed its
previously announced change of business transaction (the “Transaction”) and has been
reclassified as a Tier 2 Mining Issuer on the TSX Venture Exchange (the “Exchange”).
PROPERTIES
The principal transaction completed by Discovery Metals was the entering into of a mineral exploration and option agreement (the “Puerto Rico Option Agreement”) dated April 7, 2017, with Jesus Miguel Hernandez Garza and Juan Reynaldo Elizondo Falcon (together, the “Vendors”), providing an option (the “Option”) to acquire certain mineral concessions (the “Puerto Rico Concessions”) located in Ocampo, Coahuila, Mexico, forming part of the Puerto Rico mining-metallurgical project (the “Puerto Rico Property”).

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