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District Announces Changes to Board and Management

VANCOUVER, British Columbia, July 31, 2019 (GLOBE NEWSWIRE) -- District Metals Corp. (TSX-V: DMX; "District" or the “Company”) is pleased to announce changes to its Board and management. Ms. Joanna Cameron and Ms. Anna Ladd-Kruger have been appointed to the Board, replacing Mr. Hani Zabaneh and Mrs. Emily Davis. Mrs. Davis will continue as Corporate Secretary of the Company. Lastly, Mr. Galen McNamara will move from Vice President Exploration & Development to Technical Advisor for District Metals.

District Metals Corp. is also pleased to announce the launch of its new corporate website, at www.districtmetals.com where its new corporate presentation is now available.

Garrett Ainsworth, CEO of District, commented: “I am delighted to be working with such an exceptional group that have all achieved a high level of success in the mining industry within their respective disciplines. During our time at NexGen Energy Ltd., Joanna was an essential member of the executive team that accomplished transformational milestones prior to joining DuMoulin Black LLP in 2018. We are also fortunate to have Anna join the District team as her past accomplishments in the mining industry speak volumes. I would like to thank Hani for his assistance in the transition of MK2 Ventures Ltd. to District Metals Corp. I look forward to continuing to work closely with Emily and Galen who have been integral in providing District with the corporate and technical platform to succeed.”

Ms. Cameron is a lawyer with DuMoulin Black, and represents both issuers and investment dealers in connection with public and private securities offerings, mergers and acquisitions and other financing transactions. She has particular expertise and experience in the resource sector having previously been Vice President Legal and General Counsel at NexGen Energy Ltd., which was listed on both the TSX and NYSE, and as corporate secretary for two junior exploration issuers listed on the TSXV. In addition to transactional work, Joanna regularly advises public companies regarding general corporate and securities law matters, including continuous disclosure, corporate governance and Canadian stock exchange issues.

Ms. Cameron was named in the Canadian Legal Lexpert Directory (Mining) for 2015, achieved the Martindale-Hubbell, BV Distinguished rating, named in Best Lawyers in Canada (2013 to 2016) and was a finalist in the Lexpert “Top 40 Under 40” (2009) and the Western Canada General Counsel Awards for Dealmaking (2017).  Ms. Cameron holds a B.A. (Honours) from Queen’s University, and a Bachelor of Law from the University of Saskatchewan.

Ms. Ladd-Kruger has over 17+ years experience in the mining industry and was most recently the Chief Financial Officer of Trevali Mining Corporation (“Trevali”), a zinc focused mid-tier base metals producer. Ms. Ladd-Kruger was part of the executive management team that grew Trevali from a junior exploration portfolio to a producing company with 4 operating mines in the Americas and Africa, reaching a market cap of over $1 billion on the TSX. Ms. Ladd-Kruger has raised over $1 Billion dollars in debt and equity throughout her career in the mining sector. Ms. Ladd-Kruger has also served as the Chief Financial Officer for several Canadian publicly listed junior mining companies including Crowlight Minerals and Sulliden Gold Corporation. Ms. Ladd-Kruger is currently the Chief Financial Officer and VP Corporate Development at Excellon Resources Inc. (EXN.TO), and an Independent Director on the Board of Integra Resources (ITR.V).

Ms. Ladd-Kruger began her mining career with Vale S.A. at their Thompson, Manitoba operations and was also the North American Group Controller for Kinross Gold Corporation. Ms. Ladd-Kruger is a Certified Public Accountant (CPA, CMA), and holds a Master of Economics (M.A.) degree and Bachelor of Commerce (B. Comm. Honours) degree from Queen’s University and the University of British Columbia.

On Behalf of the Board of Directors

 “Garrett Ainsworth

President and Chief Executive Officer

604-628-5616

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding “Forward-Looking” Information.

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including completion of the acquisition of the Bakar Property, confirmation of preliminary exploration results and the completion and anticipated results of planned exploration activities thereon. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that regulatory approval to the Bakar acquisition will be obtained, that the preliminary VTEM results will be confirmed and that the Company’s planned exploration activities will be completed in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: that planned exploration activities do not achieve anticipated results or are not completed in a timely manner or at all, that the preliminary results of completed exploration activities are not subsequently confirmed, that  regulatory approval to the acquisition of the Bakar Property will not be obtained such that the transaction will be completed in accordance with its terms or at all, that the Company will not complete the required expenditures and that, as a result, the Bakar Property will be forfeited without any repayment to the Company, that actual results of planned exploration activities are different than anticipated, negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, , changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.