Mr. Jeffrey Cocks reports

POWER AMERICAS INTERSECTS POSITIVE DRILL RESULTS ON ITS KITTSON-COBALT PROJECT

Power Americas Minerals Corp. has released the first results of its winter diamond drilling program on their Kittson-Cobalt project, located in the prolific Cobalt silver camp in Northeastern Ontario, Canada.

A total of 17 drill holes (totalling 1,750 metres) of BTW-size core were drilled, with 15 holes targeting the Shakt-Davis mine area and two holes targeting the eastern extension of the Edison mine. The program successfully intersected the fracture zone that hosts the Shakt-Davis mineralization over a strike length of 125 metres and to a maximum depth of 170 metres. The fracture zone ranged from five metres to 30 metres wide (drilled core length) and hosted several 0.1-metre-to-1.0-metre quartz-carbonate veins surrounded by intense carbonate alteration. Fracture-controlled and vein-controlled cobalt mineralization in the form of smaltite occurred throughout this zone with values up to 0.05 per cent cobalt over 29.24 metres. A full list of significant intersections is provided in an attached table. Drill location maps and cross-sections can be found on the company's website.

                                DIAMOND DRILLING HIGHLIGHTS

Hole No.           From        To     Width*       Co        Au        Ag        Cu        Ni
                     (m)       (m)       (m)    (wt %)     (g/t)     (g/t)    (wt %)    (wt %) 

KIT-18-001        Hole abandoned due to intersecting old workings
KIT-18-002        84.33      85.1      0.77      0.38     0.017       0.1      0.00      0.06
KIT-18-003        No significant results
KIT-18-004         90.7     91.62      0.92      0.52     0.009       0.1      0.00      0.06
KIT-18-005        No significant results
KIT-18-006        29.58     40.59     17.85      0.04     0.007       0.2      0.02      0.01
Including         29.58     33.30      3.72      0.08     0.079       0.3      0.02      0.01
Including         29.58     30.00      0.42      0.42     0.060       0.9      0.00      0.06
KIT-18-007        28.97     34.35      5.38      0.11     0.005       0.2      0.02      0.02
Including         30.97     31.27      0.73      0.61     0.020       0.8      0.03      0.10
KIT-18-008        22.26      51.5     29.24**    0.05     0.007       0.2      0.01      0.01
Including         22.26     27.34      5.08      0.10     0.003       0.5      0.03      0.02
Including         25.63     27.34      1.71      0.18     0.005       0.6      0.03      0.02
And               34.58     35.93      1.35      0.38     0.120       1.2      0.01      0.12
And               48.31     51.50      3.19      0.16     0.003       0.5      0.01      0.03
Including         50.60     51.50      0.90      0.36     0.003       0.6      0.01      0.06

* All reported widths are drilled core lengths.
** This includes zero grade for unsampled core from 28.34 metres to 33.53 metres
and 37.67 metres to 48.31 metres.

Commenting on the latest results, Jeffrey Cocks, president and chief executive officer, said: "We're highly encouraged by these broad zones of cobalt mineralization at the historic Shakt-Davis mine area. Coupled with the discovery of cobalt mineralization in both drill holes further to the east near the Edison workings, these results suggest there may be open-pit/bulk-tonnage potential within the Kittson-Cobalt project." Further results from the drill program will be released as they become available.

Planning is currently under way for Power Americas' summer exploration program, which will include follow-up drilling around the historical workings on the property, as well as reconnaissance mapping, prospecting, geophysical surveys and soil sampling on the newly acquired claims extending to the southwest (see Power Americas' news release dated Dec. 18, 2017).

Sample analysis and quality assurance/quality control

Split core samples were analyzed for base metals, including cobalt, copper, nickel, lead and zinc among others, along with gold and silver at Activation Laboratories in Timmins, Ont. The analytical codes used include 1A2-Au-50g (fire assay/AAS), 1E-Ag (aqua regia digest/ICP-OES) and eight-peroxide (Na2O2 digest/ICP-OES). Standards and blanks were inserted into the sample stream every 20 samples. The cobalt-bearing standards used in this program were sourced from CDN Resource Laboratories Ltd. of Langley, B.C., and Geostats Pty. Ltd. of Western Australia.

About the Kittson-Cobalt project

The project is located near the town of Cobalt in Northeastern Ontario, Canada. The project hosts the historical Shakt-Davis and Cobalt-Kittson mines, as well as numerous historical workings, with 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 15 kilometres 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. Historical reports from the Shakt-Davis mine 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. Locally significant nickel, copper and, to a lesser extend, lead, zinc and bismuth also occur within the quartz-carbonate veins.

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 America and South America.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, MSc, PGeo, vice-president of exploration and a director of the company, and a qualified person as defined by National Instrument 43-101.