Mr. Jeffrey Cocks reports

POWER AMERICAS ACQUIRES HISTORIC THOMAS EDISON COBALT MINE

Power Americas Minerals Corp. has signed an agreement to purchase the historical Thomas Edison mine located in the heart of the Kittson-Cobalt project. The mine lies on the same fracture system that hosts the historical Shakt-Davis mine located approximately one kilometre to the east. The Thomas Edison property consists of one 16-hectare patented claim with both surface and mineral rights. Power America's 100-per-cent-owned Kittson project now consists of 216 unpatented claims and one patented claim totalling 4,440 hectares.

Jeffrey Cocks, president and chief executive officer, said: "The Thomas Edison mine is a landmark acquisition for the company. Over 100 years ago, the famous inventor and entrepreneur, Thomas Edison, developed this mine as a source of cobalt for his groundbreaking iron-cobalt batteries. Today, cobalt is once again in demand for the green energy revolution using lithium-cobalt batteries. The Thomas Edison mine has not been explored since 1907 and will be the central focus of this summer's exploration program."

The Thomas Edison mine, as the name implies, was developed by the famous inventor and entrepreneur, Thomas Edison. While Mr. Edison is better known for inventions such as the first practical light bulb, he was also very involved in the mining industry. Mr. Edison pioneered new geophysical techniques and mineral extraction technologies and developed the battery-powered miner headlamp. He was instrumental in the discovery of nickel at Falconbridge, Ont., and also had interests in iron ore in New Jersey and gold in New Mexico. Mr. Edison was heavily involved with the original Cobalt, Ont., silver rush; however it was not the silver he was after. At the turn of the 20th century, Mr. Edison was developing a new cobalt-iron battery (U.S. patent No. US678722A). Similar to today, Mr. Edison had difficulty sourcing sufficient supplies of cobalt. In order to keep the price down, Mr. Edison sent undercover representatives to Cobalt, Ont., to buy cobalt-bearing minerals, which were produced as byproducts from silver mining in the area, for his battery manufacturing facility in New Jersey. He also used these representatives to attempt to buy high-grade cobalt-silver mines and prospects. Eventually, Mr. Edison acquired the Darby property (now the Thomas Edison mine) in 1905. From 1905 to 1907, Mr. Edison remotely directed operations at the mine, which included sinking two shafts to 150 feet, which were connected by an adit, as well as several exploration drifts and crosscuts. Between six and eight tonnes of ore of unknown grade are reported to have been extracted, but no commercial production is recorded. Mr. Edison's correspondence with his agent in Cobalt, who was later his mine manager, has been preserved and makes for a fascinating read. It has been well summarized in Times Were Hard But Memories Are Good, Proceedings of the History workshop, Timiskaming Abitibi Heritage Association, April 27, 1996, which is available from Rosanne Fisher Publishing in Haileybury, Ont.

The transaction is expected to close within 30 days.

Planning is currently under way on Power Americas' summer exploration program, which will include follow-up drilling 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). Additional results from the company's recent drill program will be released as they become available.

About the Kittson-Cobalt project

The project is located near the town of Cobalt in Northeastern Ontario, Canada. The project hosts the historical Thomas Edison, Shakt-Davis and Cobalt-Kittson mines, as well as numerous historical workings, the deepest extending down to 628 feet, and over 2,700 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 approximately 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, as well as, to a lesser extent, lead, zinc and bismuth also occur within the quartz-carbonate veins.

About Power Americas Minerals Corp.

Power Americas 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. Power Americas' acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential.

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.