District Metals Receives Approval of Ardnasvarre Mineral License Application in Northern Sweden and Notes Recent Media Report Regarding Support for Uranium Mining and Exploration in Sweden

Mr. Garrett Ainsworth reports:

Vancouver, British Columbia–(Newsfile Corp. – June 22, 2023) – District Metals Corp. (TSXV: DMX) (FSE: DFPP); ("District" or the "Company") is pleased to report that Bergslagen Metals AB (a 100% owned Swedish subsidiary of District) has received approval from the Bergsstaten (Mining Inspectorate) for the Ardnasvarre nr 1 mineral license application to explore for copper, molybdenum, zirconium, and rare earth elements (REE) over a 9,708 hectare (ha) area located in Norrbottens County, northern Sweden (Figure 1). The Ardnasvarre Property hosts several uranium, lead-zinc-silver and copper mineralized occurrences that were historically drilled by the Swedish Geological Survey and Boliden, respectively.

The Ardnasvarre nr 1 mineral license is in good standing for a three year term that ends on April 17, 2026. Renewal for an additional three years will require payment of mineral license fees to the Swedish Mining Inspectorate, and the completion of at least some geological, geochemical, […]

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