Mr. Duncan Roy reports

POWER METALLIC -- OTC MARKETS REQUEST

Power Metallic Mines Inc. has engaged, in the past 12 months, Native Ads Inc., Apaton Finance GmbH and Sideways Frequency LLC to provide investor relations, public relations, marketing and other related services, including the marketing of the company or its securities. All of such relationships have been disclosed in the company's news releases (see Nov. 4, 2025, news release) and filed with the TSX Venture Exchange. Each of Native Ads, Apaton Finance and Sideways Frequency is an arm's-length third party marketing firm contractually retained by the company in accordance with routine industry practice to provide investor relations services, as previously announced by the company. Sideways Frequency was paid an additional $100,000 (U.S.) under the terms of its contract with the company, in addition to the amount noted in the Nov. 4, 2025, news release.

As part of the company's efforts toward investor awareness, the above-named third party providers organize and facilitate the creation and distribution of marketing material under their engagements with the company. The third party providers utilize the company's public disclosure to create content, and the company over all retains control over the content of the marketing material.

As set out in the company's Nov. 4, 2025, news release, digital media advertising, social media commentary, articles and e-mail campaigns about the company were part of the services the company had arranged. The marketing material was available through YouTube, Instagram and other on-line platforms. All content was based on publicly available disclosures, including the company's press releases, corporate presentation and financial statements. The statements made in the marketing material were not materially false or misleading. The company will continue such marketing activity throughout the term of the existing engagements to continue efforts to drive investor awareness toward the company.

The OTC Markets Group Inc. has requested the company to issue this statement regarding the recent promotional/marketing activity concerning the company and its common shares traded on the OTCQX marketplace.

In addition, after inquiring with its management, directors, officers, control persons and third party service providers (other than Native Ad, Apaton Finance and Sideways Frequency), the company confirms that none of such parties have directly or indirectly been involved in any way with the creation, distribution or payment of marketing materials related to the company and its securities, except as described in this press release; or sold or purchased the company's securities in the past 90 days, except in connection with the exercise of outstanding stock options or warrants of the company (for which directors and officers have disclosed such purchases and/or sales on SEDI).

Other than as previously disclosed in the company's public continuous disclosure filings, the company has not issued any shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance.

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/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 June, 2025, purchase of 313 adjoining claims (square kilometres) from Li-FT Power and the staking of land in the Lion zone area (100 square kilometres), the company now controls 313 square kilometres 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, which was spun out from Power Metallic through a plan of arrangement on Feb. 3, 2025.

It also owns 100 per cent of Power Metallic Arabia, which owns a 100-per-cent interest in the Jabul Baudan exploration licence in the Kingdom of Saudi Arabia's Jabal Sayid 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 deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit.

We seek Safe Harbor.