DNI CONCLUDES ADDITIONAL FINANCING TO ADVANCE ITS ALBERTA POLYMETALLIC BLACK SHALE PROJECTS THROUGH A RESOURCE STUDY AND EXPANDE

TORONTO, April 7 /CNW/ -- 
TORONTO, April 7 /CNW/ - DNI Metals Inc. (TSXV: DNI) (FSE: DG7) is pleased to announce that it has concluded a non-brokered private
 placement of 1,400,000 Units with arm's length parties, for aggregate
 gross proceeds of $252,000, each unit consisting of one common share
 and one half of a common share purchase warrant, each full warrant
 entitling the holder to purchase an additional common share of the
 company at a price of 27 cents for a period of twenty-four months from
 closing. The securities issued under the private placement are subject
 to a four-month hold period expiring on August 8, 2011.


Proceeds of the financing will be applied toward ongoing work on DNI's
 polymetallic shale projects, Athabasca region, Alberta, and toward
 working capital.


DNI continues to focus its efforts on its polymetallic black shale
 Properties in Alberta, and on its carried interest in the diamond
 discovery on its Attawapiskat Property, Ontario.


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: 59,811,884 (post financing)



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p DNI Metals Inc. - Shahe Sabag, President & CEO or Denis Clement,  Chairman - 416-595-1195 email a href="mailto:[e-mail]"[e-mail]/a. Also visit a href="http://www.dnimetals.com"www.dnimetals.com/a /p 

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