Defense Metals Corp. announced the appointment of Suzanne Rich Folsom to the Board of Directors of the Company. Suzanne Rich Folsom is an experienced independent director, C-Suite executive, and influential business leader.

Most recently she served as Senior Vice President and General Counsel, at Philip Morris International where she was a key leader in the company's transformation. Previously she was General Counsel, Chief Compliance Officer, and SVP-Government Affairs, at United States Steel Corporation where she also played a pivotal leadership role in that company's transformation as well as helping reinvigorate U.S. Steel's business growth. Throughout her career, Ms. Folsom has been a change agent and catalyst for organizational growth at multiple companies and organizations.

Her career includes senior corporate executive roles at ACADEMI, as the EVP, General Counsel, and Chief Compliance Officer, at AIG, as the Deputy GC and Chief Regulatory & Compliance Officer, and at the World Bank where she was the Counselor to the President and Director of the Department of Institutional Integrity. In addition, Ms. Folsom has held distinctive public administration roles including serving as: the Private Secretary to H.M. Queen Noor of Jordan; First Family Liaison to the Presidential Inaugural Committee; Special Assistant to Barbara Bush; Advisor to the US Delegation to the U.N. World Women's Conference in Kenya; Chief of Staff to the Co-Chair of a U.S. national political party; and she practiced law with three global law firms. She is a frequent thought leadership contributor and speaker and has been recognized in the United States and abroad for her many contributions. Ms. Folsom holds a juris doctorate from Georgetown University Law Center and a bachelor's degree from Duke University.

Previous board service has included the boards of Advanced Metallurgical Group AMG, VELUX LLC, and Duke University's Sanford School of Public Policy. Ms. Folsom currently serves on the boards of the iconic Encyclopaedia Britannica, a global digital media learning and knowledge products company, and Ecore International, a revolutionary leader in rubber circularity and a transformational waste company. She is also an Advisor to EqualFuture LLC, an AI-assisted financial wellness and education FinTech start-up.

Ms. Folsom's deep expertise in business strategy, governance, enterprise risk management, mergers and acquisitions, regulatory, compliance, cyber, trade, labor, and global public policy has enabled her to consistently deliver positive and measurable results to the corporate bottom line. Ms. Folsom's extensive leadership, corporate governance, public company, and global government affairs experience make her a highly valuable addition to the Company's Board of Directors. The Company announced the resignation of Andrew Burgess from its Board of Directors.