(DNI : TSX-Ven) (DG7 : Frankfurt)

TORONTO, Oct. 20, 2015 /CNW/ - DNI Metals Inc. 'DNI' (DNI-V) is pleased to announce that it has completed the Due Diligence process to purchase an established Laboratory and Technology Facility, located in the Greater Toronto Area, as outlined in the non-binding Letter of Intent, stated in the Press Release of Aug. 25, 2015.  http://www.newswire.ca/news-releases/dni-metals---strategic-acquisition-of-fully-permitted-cash-flowing-established-laboratory-and-technology-facility-522827091.html

DNI has paid a deposit to the owners of the Company, and has arranged a mortgage with one of Canada's leading banks.   With the mortgage, DNI has arranged 75% of the financing needed to complete the acquisition.  The transaction is expected to close by the end of November.

"This Facility is a part of DNI's future, vertically integrated graphite business," says Dan Weir, CEO of DNI Metals. "The Facility will provide clients with laboratories, experts and a training location, and will be a proprietary facility to conduct pilot plant work and possible future graphite processing for DNI."

The potential revenue streams from third party metallurgical testing, clean technology processes, and environmental studies that come from this Facility will be a part of DNI's growth and corporate strategy.

DNI is working on completing the definitive purchase agreement, and at completion, DNI will disclose the financial details and terms of this acquisition.  Following the successful closing of this transaction, DNI will disclose additional details regarding the facility,  as under binding confidentiality obligations, DNI cannot release the name of the company that it is acquiring. 

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

DNI - TSX Venture
DG7 - Frankfurt
Issued: 29,586,204

We seek Safe Harbour. This announcement includes forward looking statements. While these statements represent DNI's best current judgment, they are subject to risks and uncertainties that could cause actual results to vary, including risk factors listed in DNI's Annual Information Form and its MD&As, all of which are available from SEDAR and on its website.

SOURCE DNI Metals Inc.

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