discovery_-_news_release_-_option_grant_v2

August 16, 2019, Toronto, Ontario – Discovery Metals Corp. (TSX-V: DSV) (“Discovery” or the “Company”) announces that it has granted to certain officers, directors, employees and/or consultants of the Company an aggregate of 5,300,000 options to acquire common shares of the Company (“Options”). The Options have an exercise price of $0.48 per share, have a five-year term from the date of grant, and vest according to the following schedules:

1. Management and employees: annually in equal thirds beginning on the date of grant;
2. Consultants: quarterly in equal eighths beginning three months after the date of grant; and
3. Directors: immediately on the date of grant.