DNI shareholders approve Shareholder Rights Plan & by-law amendments

DNI METALS INC. (DNI : TSX-Ven)(DG7 : Frankfurt)

TORONTO, Sept. 19, 2011 /CNW/ - DNI Metals Inc. (DNI:TSX-Ven)(DG7:FSE) is pleased to announce that its shareholders overwhelmingly approved and ratified the Company's Amended and Restated Shareholder Rights Plan (the "Rights Plan") during DNI's Annual and Special Meeting held on September 15, 2011. Shareholders also approved amendments to DNI's articles and its by-laws.

The Rights Plan, announced on June 30, 2011, was adopted by DNI's  Board of Directors, to ensure, to the extent possible, that all DNI shareholders are treated equally and fairly in connection with any take-over bid, and to provide sufficient time for all shareholders to consider any such transaction. DNI is not aware of any pending or threatened take-over bids for the Company.

Under the Rights Plan, shareholders are issued one Right in respect of each DNI common share held, such Right being attached to the share. On the occurrence of certain triggering events, including the acquisition by a person or group of 20% or more of the outstanding common shares of DNI pursuant to a transaction that does not meet certain conditions, each Right will entitle its holder (other than the acquiring person or group) to purchase $40.00 worth of DNI common shares, at the then market price, for $20.00 (ie: at a 50% discount).

The complete text of the Amended and Restated Plan will shortly be available from www.sedar.com. The Rights Plan has been conditionally accepted by the TSX Venture Exchange.

DNI thanks shareholders for their continued support and encourages them to follow ongoing developments from its exploration and development programs.

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

DNI - TSX Venture
DG7 - Frankfurt
Issued: 60,100,284

SOURCE DNI Metals Inc.

For further information:

DNI Metals Inc. - Shahe Sabag, President & CEO or Denis Clement, Chairman - 416-595-1195
email ir@dnimetals.com. Also visit www.dnimetals.com

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DNI Metals Inc.

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