Mr. Terry Lynch reports

POWER METALLIC APPOINTS RETIRED FEDERAL MINISTER SEAMUS O'REGAN TO BOARD

Power Metallic Mines Inc. has appointed Seamus O'Regan Jr. to its board.

Seamus O'Regan Jr. joined Stewart McKelvey, Atlantic Canada's largest law firm, in March of 2025 as senior business adviser following a distinguished career in politics and journalism. He was first elected member of Parliament for St. John's South-Mount Pearl in 2015, and re-elected in 2019 and 2021.

He served as Canada's Minister of Energy & Natural Resources, overseeing Canada's first Critical Minerals Plan, the Critical Minerals List, the National Hydrogen Plan and the Small Modular 6Reactor Action Plan. He has served as Minister of Indigenous Services, Minister of Labour, Minister for Seniors, Minister of Veterans Affairs and Associate Minister of National Defence.

Mr. O'Regan Jr. was born in St. John's, Nfld., and raised in Goose Bay, Labrador. He studied politics at St. Francis Xavier University and University College, Dublin, and marketing strategies at Insead, near Paris. In 1999, he graduated master of philosophy from the University of Cambridge, with a focus on indigenous participation in large-scale natural resource development.

He began his career in the government of Newfoundland and Labrador, first as executive assistant to Minister of Justice & Attorney General Edward Roberts, then as policy director to Premier Brian Tobin. Mr. O'Regan Jr. went on to work as a journalist, notably for a decade as a host of CTV's Canada AM, the country's leading morning news program.

Mr. O'Regan Jr. is a fellow of the Royal Canadian Geographical Society, and has served on the boards of World Wildlife Fund Canada, Canada World Youth, Katimavik, The Company Theatre and The Rooms. He is proud to have been an Ambassador for Bell Let's Talk, removing stigma around mental illness.

"We are very pleased Seamus accepted our offer. His skill sets in government affairs particularly his time as Energy & Natural Resources Minister and Minister of Indigenous Services will be very helpful as we look to guide our high-grade polymetallic (copper, platinum, palladium, gold, silver and nickel) discovery Nisk at Nemaska, Que., through exploration to development and what we hope will be the world's first carbon neutral polymetallic mine. Increasingly critical mineral projects like Nisk are becoming vital not only for the economic output of the potential mine but the roles these materials play in the defence, industrial and AI infrastructure the modern world requires. We look forward to utilizing the unique perspective and insights Seamus can provide," commented Power Metallic chief executive officer Terry Lynch.

"I'm excited about the Nisk discovery and how Power Metallic plans to bring this project to market. Canada is uniquely positioned to lead the world in these types of developments given our incredible mineral wealth, expertise and geopolitical position. I look forward to working with the Power Metallic team to make this project a reality," commented Mr. O'Regan Jr.

Power Metallic is currently engaged in a 100,000-metre drill program. It currently has four rigs turning on the project with a fifth expected to be added in early September. Initial results from the summer campaign are expected shortly and thereafter every two to four weeks through the end of the year.

Power Metallic has granted an aggregate of 1.15 million incentive stock options at $1.45 per share to Mr. O'Regan Jr. and certain officers of the company for exercise period up to five years from the date of grant.

About Power Metallic Mines Inc.

Power Metallic is a Canadian exploration company focused on advancing the Nisk project area (Nisk-Lion-Tiger) -- a high-grade copper, PGE (platinum group element), nickel, gold and silver system -- toward Canada's next polymetallic mine.

On Feb. 1, 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80 per cent of the Nisk project from Critical Elements Lithium Corp. Following the July, 2025, purchase of 313 adjoining claims (about 167 square km) from Li-FT Power, the company now controls about 212.86 square km and roughly 50 km of prospective basin margins.

Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs.

Beyond the Nisk project area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50-per-cent share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on Feb. 3, 2025.

It also owns 100 per cent of Power Metallic Arabia which owns 100-per-cent interest in the Jabul Baudan exploration licence in the Kingdom of Saudi Arabia's JabalSaid belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulphide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit.

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