Mr. Jeffrey Cocks reports

POWER AMERICAS ANNOUNCES $2,500,000 BROKERED PRIVATE PLACEMENT CO-LED BY CANACCORD GENUITY AND GRAVITAS SECURITIES

Power Americas Minerals Corp. has engaged Canaccord Genuity Corp. and Gravitas Securities Inc. to act as co-lead agents on a commercially reasonable efforts basis in connection with a brokered private placement of up to 2.5 million flow-through common shares at a price of 20 cents per flow-through share and 10 million non-flow-through units at a price of 20 cents per unit, for gross proceeds of approximately $2.5-million.

Each unit shall consist of one common share of the company and one common share purchase warrant exercisable into one common share of the company at a price of 25 cents per warrant for a period of 36 months from the closing date.

The company has also granted the agents an option to sell an additional 2.5 million flow-through shares of the company and an additional five million units on the same terms as the offering to raise additional gross proceeds of up to $1.5-million.

The company may pay fees and commissions on the offering within the amounts permitted by the policies of the TSX Venture Exchange. The offering is expected to close on or about April 12, 2018, and is subject to approval of the TSX Venture Exchange and customary closing conditions for brokered financings.

The company intends to use the proceeds from the offering for exploration on its mineral properties and for general working capital.

About Power Americas Mineral 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.