discovery_-_news_release_-_closing_of_2019_private_plac

Toronto, Ontario – Discovery Metals Corp. (“Discovery”) (TSXV: DSV) is pleased to announce that it has closed its non-brokered private placement (the “Private Placement”) of 38,911,108 common shares (“Common Shares”) at a price of $0.45 per Common Share and 3,311,111 subscription receipts (“Subscription Receipts”) at a price of $0.45 per Subscription Receipt, for aggregate proceeds of $19,000,000. Announced on October 10, 2019, the Private Placement was oversubscribed due to investor demand.