Toronto, Ontario – Discovery Metals Corp. (“Discovery” or “the Company”) (TSXV: DSV, OTCQX: DSVMF) is pleased to announce that at a special meeting of the Company’s shareholders on December 11, 2019, Discovery’s shareholders passed a resolution approving 2176423 Ontario Ltd., a corporation beneficially owned by Mr. Eric Sprott, to become a “Control Person” as defined in the policies of the TSX Venture Exchange (including ownership of greater than 20% of the voting securities outstanding) of Discovery. As a result, 3,311,111 subscription receipts of Discovery (“Subscription Receipts”) issued in connection with the Company’s non-brokered private placement previously announced on November 5, 2019 (the “Private Placement”), were automatically converted into 3,311,111 Common Shares of Discovery, for no additional consideration.