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Power Americas Minerals Corp
Symbol PAM
Shares Issued 93,048,500
Close 2017-03-16 C$ 0.095
Market Cap C$ 8,839,608
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Power Americas acquires six additional Alberta permits

2017-03-16 10:03 ET - News Release

Mr. Jeffrey Cocks reports

POWER AMERICAS ACQUIRES ADDITIONAL EXPLORATION PERMITS ON THE SPIRIT RIVER LITHIUM PROJECT

The Province of Alberta has approved Power Americas Minerals Corp.'s application for a 100-per-cent undivided interest in a further six metallic and industrial minerals exploration permits covering six townships northwest of the Fox Creek-Swan Hills district in the Peace River Arch-Spirit River area of northwestern Alberta.

These additional six exploration permits are contiguous to the previous four townships that were acquired by Power Americas in August, 2016. Power Americas' collective northwestern Alberta land package now has a total of 10 adjoining exploration permits covering more than 90,000 hectares (222,395 acres), or 900 square kilometres. The newly acquired permits contain more than 1,000 well sites, including more than 200 new and deep-basin wells that were drilled since 2010. The Spirt River project now contains potential access to more than 1,900 wells, some of which contain elevated lithium brine values as documented historically in publicly available government of Alberta reports. Power Americas' exploration focus will include test assaying brine samples from the new deep-basin wells representing virgin ground that has never been tested for the lithium-in-brine content, signifying a new target of exploration for the company and its shareholders.

Note: To date, the company and its qualified professionals have been unable to verify the historical lithium brine results and whether the lithium-enriched brine occurs, or extends, into aquifers underlying the Spirit River property.

Power Americas' initial exploration program (see news release dated Jan. 11, 2017) is under way on the Spirit River lithium project. Local area petro-operators have granted access, and brine sampling will be collected from approximately 20 to 30 separate producing wells. The brine samples will be tested for potentially elevated concentrations of lithium and other important elements in brine reservoirs/aquifers underlying Spirit River landholdings. Further results will be released as they become available.

The company's consultant, APEX Geoscience Ltd. of Edmonton, Alta., is supervising and conducting the brine sampling program in conjunction with several oil and gas producers in the region. The brine samples collected will undergo geochemical analysis by Maxxam Analytics Inc. at its petroleum technology centre located in Edmonton, Alta.

About Power Americas Minerals Corp.

Power Americas' acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. These areas include historical and currently producing mines with existing infrastructure. This strategy includes acquiring 100-per-cent interests in mineral properties, with no payment terms or work program commitments that would threaten a junior mining company's financial stability.

The technical content of this news release has been reviewed and approved by Roy Eccles, MSc, PGeol, of APEX Geoscience, an independent qualified person as defined by National Instrument 43-101.

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