Mr. Jeffrey Cocks reports

POWER AMERICAS INITIAL PROSPECTING ON KITTSON COBALT PROJECT RETURNS UP TO 3.66% COBALT

Power Americas Minerals Corp. has provided the results of an initial prospecting program on its Kittson cobalt project located in the prolific Cobalt silver camp in Northeast Ontario, Canada.

The program consisted of reconnaissance prospecting and geological mapping. The primary focus of the program was to outline the historic showings with enough accuracy to develop drill targets for future programs. While it is known that numerous historic trenches, pits, shafts and adits from the early 1900s are located on the property, the historic data do not include detailed descriptions sufficient to develop a detailed geological map or the size and location of many of these pits and trenches. The prospecting program successfully located numerous shafts, pits and trenches, and the bulk of the sampling was completed on waste rock piles from these historic workings. A total of 45 samples were collected, of which 13 samples returned greater than 1 per cent cobalt and six samples returned greater than 3 per cent cobalt. A complete list of all samples collected is listed in the attached table.

  RECONNAISSANCE PROSPECTING HIGHLIGHTS SAMPLE

              Co      Au      Ag      Cu      Ni
Number     wt. %     g/t     g/t   wt. %   wt. %
                                         
469001      1.58    3.85     2.9   -0.01    0.55
469002      3.23    0.09     3.9    0.03    0.44
469003      2.13    0.04     4.6    0.01    0.28
469004      1.44    0.02     2.2    0.02    0.16
469005      2.02    0.01     1.5    0.05    0.19
469006      0.19    3.58     0.6   -0.01   0.050
469007      0.12    0.61     3.8    7.12   0.026
469008      0.00    0.04    10.3    3.25   -0.01
469009      0.01    0.01     0.5    0.10    0.01
469010      0.01    0.02     1.5    1.76    0.01
469018      0.94    0.01     0.9   -0.01    0.08
469019      3.59    0.03     1.7    0.04    0.58
469020      3.66    0.04     2.8    0.01    0.50
469021      0.72    0.01     0.6   -0.01    0.07
469022      3.32    0.03     1.3    0.03    0.36
469023      1.42    0.01     3.5    0.16    0.14
469024      3.11    0.02     4.9    0.17    0.31
469025      1.89    0.09     0.7    0.02    0.43
469026      0.78    0.02     0.2   -0.01    0.11
469027      0.52    0.01     0.3   -0.01    0.06
469028      3.41    0.03     0.7   -0.01    0.36
469029      1.01    0.01     0.6    0.01    0.07
469030      0.14    0.01    -0.2   -0.01    0.02
469031      0.02   -0.01    -0.2    0.02    0.01
469032      0.30    0.03    -0.2   -0.01    0.04
469033      0.20    0.05     0.2    0.01    0.03
469034      0.77    0.08    -0.2    0.01    0.14
469035      0.24    0.02     0.2    0.04    0.04
469036     -0.01   -0.01    -0.2   -0.01   -0.01
469037      0.00   -0.01     0.5    0.20    0.01
469038      0.14    0.04    10.9    0.01    0.03
469039      0.14    0.39     0.4   -0.01    0.02
469040      0.43    0.01     0.3    0.01    0.05
469041      0.49    0.02     0.3    0.04    0.06
469042      0.48    0.02     3.2    0.08    0.06
469044      0.15    0.01     3.1    1.26    0.02
469045      0.14    0.01     6.6    2.60    0.02
469047      0.14    0.01     2.8    0.54    0.02
469048      0.13    0.01       2    0.17    0.02
469049      0.23    0.01     1.4    0.21    0.02
469050     -0.01   -0.01    -0.2    0.03   -0.01
469051     -0.01   -0.01     0.2    0.17   -0.01
469052     -0.01   -0.01    -0.2    0.08   -0.01
469053      0.00   -0.01    -0.2    0.02    0.01

An extensive literature research was also undertaken to gather more information on the historic small-scale mines on the property. The literature review provided enough information to generate rough underground workings for both the Shakt Davis and Kittson mines. In total the property hosts four shafts, the deepest extending down to 628 feet, one adit and over 2,500 feet of lateral workings.

The mineralization at Kittson cobalt occurs in Proterozoic aged quartz-calcite veins hosted in brittle shears in diabase dikes and sills. This style of mineralization is similar to that of the famous Cobalt silver camp which produced 420 million ounces of silver with cobalt as a significant by product. The mineralization at the Kittson cobalt project differs from the typical Cobalt silver camp veins in that they are lower in silver content but richer in cobalt and are associated with significant gold. Historic reports from the Shakt Davis mine on the Kittson cobalt project 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. The recent prospecting program supports these historic reports with grab samples from waste rock piles returning up to 1.58 per cent cobalt with 3.85 g/t gold and 2.9 g/t silver. Locally significant nickel, copper and to a lesser extent lead, zinc and bismuth also occur within the quartz-carbonate veins.

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.

About Power Americas Minerals Corp.

Power Americas Minerals is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, copper and other energy metals in North and South America. The company's shares are listed and posted for trading on the TSX Venture Exchange under the symbol PAM and on the Frankfurt Exchange under the symbol VV0.

Power Americas'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.