The TSX Venture Exchange has accepted for filing the share purchase agreement executed Nov. 22, 2017, between Power Americas Minerals Corp., 10451754 Canada Inc. (PrivCo) and the shareholders of PrivCo, being Jeff Wolburgh, Derrick G. Chiu, 1796795 Ontario Inc., 6214860 Canada Ltd. and 10014192 Canada Ltd., whereby the share purchase agreement contemplates the company's purchase of all of the issued and outstanding shares in the capital of Privco from the shareholders of Privco. The main asset of the PrivCo is all real property and mining rights to a total of 10 mining claims consisting of 2,240 hectares located in the Coleman, Kittson and Brigstocke townships of the Thunder Bay mining division in Northwestern Ontario.

In consideration of the transaction, the company has issued 13 million common shares of the company to the shareholders of PrivCo.

Further information on the transaction is available in the company's news release on SEDAR dated Nov. 22, 2017, to Feb. 8, 2018.