DNI METALS INC signed updated binding agreement with korea graphite to supply Up to 24,000 tonnes of Graphite per Year Subject to Korea Graphite Finalizing Offtake Agreements with Korean End Users Environmental Licenses DNI has properly filed the documents for its 100% owned Vohitsara and Marofody graphite properties. The Binding Supply Agreement includes the following terms: Under the terms of the Supply Agreement DNI will supply to Korea Graphite minimum flake graphite production as follows: 500 tonnes of Graphite Production a month from 1 July 2019 (the Due Date) for a minimum period of four months, minimum total 2,000 tonnes; 1,000 tonnes of Graphite Production per month (12,000 tonnes a year) from 1 January 2020 for a period of six months, total 6,000 tonnes; 2,000 tonnes of Graphite Production per month (24,000 tonnes a year) from 1 July 2020 for a minimum period of 24 months, total 48,000 tonnes. The obligations of the parties in relation to the Binding Supply Agreement are subject to Korea Graphite entering into, by the Due Date, one or more binding offtake agreements in Korea for the on-sale of Graphite Production to end-users on the best prices reasonably achievable by Korea Graphite and otherwise on usual commercial terms acceptable to Korea Graphite and DNI acting reasonably ("Offtake Agreements"), and, the Graphite Production supplied under the Supply Agreement must comply with the specifications as the End Users may specify in their Offtake Agreements. The purchase prices payable by KGL for the Graphite Production under the terms of the Supply Agreement will be the same as the DNI approved purchase prices payable by the End Users under the Offtake Agreements less 10% of such amounts (which amount is to be retained by KGL by way of a marketing fee).