Mr. Jeffrey Cocks reports

POWER AMERICAS CLOSES PROPERTY ACQUISITION AT KITTSON

Power Americas Minerals Corp. has closed its previously announced (see news release Nov. 22, 2017) acquisition of an additional 100-per-cent interest in 10 unpatented mining claims totalling 140 units having a combined area of approximately 2,240 hectares. Power Americas' 100-per-cent-owned Kittson project now consists of 15 unpatented mining claims totalling 208 units having a combined area of approximately 3,330 hectares.

Eight of the new claims are contiguous to Power Americas' Kittson property located approximately eight kilometres northwest of the town of Latchford and 120 km by road north of North Bay in the Coleman, Kittson and Brigstocke townships of the Larder Lake mining division, in Northeastern Ontario. Two of the new claims are approximately five km south of the Kittson property's southern boundary.

This newly acquired ground has prospective geology covering the Nipissing diabase and is interpreted to host the western extension of the Shakt-Davis and Edison mine structures. Due diligence sampling this past fall by the company on these structures returned up to 0.97 per cent cobalt (see news release Dec. 19, 2017). Two separate claims about five kilometres south of the Kittson property cover a cobalt showing which has returned up to 0.14 per cent cobalt and 0.68 gram per tonne gold listed in the Ontario Geological Surveys' mineral deposit inventory (MDI31M05SW00020) and previously held by Tri-Origin Exploration. Further fieldwork is planned for this spring to in order to generate drill targets on this new ground.

Drilling continues on the Shakt-Davis mine structure (see news release Jan. 23, 2018), with five holes totalling about 800 metres completed thus far.

Power Americas acquired 100-per-cent interest in the properties for a purchase price of $1,511,250 paid by the issuance of 13 million common shares of the company at a deemed price of 11.625 cents per share.

About the Kittson-Cobalt project

The project is located near the town of Cobalt in Northeast Ontario, Canada. The project hosts the historic Shakt-Davis and Cobalt-Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to that of the famous Cobalt silver camp located about 15 km east of the property, which produced 420 million ounces of silver with cobalt as a significant byproduct. Veins hosting the mineralization at the Kittson-Cobalt project differ from the typical Cobalt silver camp veins in that they are lower in silver but richer in cobalt, and are associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5 per cent Co over 1.37 metres and select grab samples returning up to 4 per cent Co and 93.3 g/t Au. Locally significant nickel, copper and to a lesser extent lead, zinc and bismuth also occur within the quartz-carbonate veins.

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 and other energy metals in North and South America. Power Americas' acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The company's shares are listed and posted for trading on the TSX Venture Exchange under the symbol PAM, in the United States on the OTC Markets under the symbol PWMRF and on the Frankfurt Exchange under the symbol VV0.

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.