Mr. Jeffrey Cocks reports

POWER AMERICAS BEGINS EXPLORATION PROGRAM ON THE KITTSON COBALT PROJECT

Power Americas Minerals Corp. has begun the exploration program on its 100-per-cent-owned Kittson cobalt property, located approximately eight kilometres northwest of the town of Latchford, Ont., and 120 kilometres by road north of North Bay, Ont.

Phase I of the Kittson exploration program will consist of reconnaissance prospecting, geological mapping and relocating historical workings. This reconnaissance program will provide accurate modern data to assist in the planning of the phase II drill program. The phase I program is set to begin next month and last for three to four weeks, with phase II expected to begin later this summer.

The Kittson cobalt property is located within the prolific Cobalt mining camp, which has produced over 420 million ounces of silver. The property includes two former mines: Shakt Davies and Cobalt Kittson. These two mines saw limited production and differed from the typical Cobalt mining camp in that they possessed lower silver grades, but were enriched in cobalt and gold.

The Shakt Davies mine saw intermittent development from 1906 to 1964, with the bulk of the underground working completed between 1924 and 1926. No production records remain; however, historical reports indicate values of 1.5 per cent cobalt over 1.37 metres and select grab samples returning up to 4 per cent cobalt and 93.3 grams per tonne gold. More recent sampling (1987) of the mine waste pile by the Ontario Geological Survey staff returned 0.25 per cent cobalt, 0.75 per cent nickel, 0.05 per cent copper and 3.4 grams per tonne gold.

The company would also like to provide an update on the Spirit River lithium project, located in the Peace River district of Alberta, Canada (see news release dated Feb. 17, 2017). Brine samples were tested for potentially elevated concentrations of lithium and other important elements in reservoirs/aquifers underlying Spirit River landholdings. However, no significant results were returned. The company and its consultants are reviewing the results to determine the next phase of exploration. The company's consultant, Apex Geoscience Ltd. of Edmonton, Alta., conducted the brine sampling program, and the brine samples were sent to Maxxam Analytics Inc. for geochemical analysis at its petroleum technology centre located in Edmonton, Alta.

About Power Americas Minerals Corp.

Power America's 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 Neil Pettigrew, MSc, PGeo, a director of the company and a qualified person as defined by National Instrument 43-101.