Discovery Metals Announces a $9.0 Million Private Placement With a $7.7 Million Investment From Eric Sprott

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Toronto, Ontario – Discovery Metals Corp. (“Discovery”) (TSXV: DSV) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) to raise $9,004,770 through the issuance of 23,216,174 common shares (“Common Shares”) at a price of $0.23 per Common Share and 15,935,000 subscription receipts (“Subscription Receipts”) at a price of $0.23 per Subscription Receipt.

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