Mr. Terry Lynch reports

POWER METALLIC ANNOUNCES APPOINTMENT OF CHRISTOPHER BEAL AS VICE PRESIDENT OF OPERATIONS

Power Metallic Mines Inc. has appointed Christopher (Chris) Beal as vice-president of operations. Mr. Beal brings over 15 years of extensive experience in mining operations, technology commercialization, corporate development and capital markets. As chief executive officer of NextOre since 2017, he successfully built and scaled a pioneering supplier of bulk mineralogical analyzers and sorting equipment using magnetic resonance (MR) technology, originally developed by Australia's CSIRO (Commonwealth Scientific and Industrial Research Organisation). Under his leadership, NextOre raised $17.9-million across four capital rounds, grew its market capitalization from nil to $131-million, and secured operational contracts for analyzers and sorting systems across Australia, the Philippines, Chile, Mexico and Zambia.

Terry Lynch, chief executive officer of Power Metallic Mines, commented: "We are very pleased to add an executive of Chris's calibre to the team. He is joining as VP, operations, with his focus on being the major figure responsible for completing with the team first our upcoming PEA [preliminary economic assessment] and then a feasibility study on Nisk. The expectations are for Chris to spend about half his time in this role and that towards the end of the year or early 2027 he would come on board full-time and at that time become our chief operating officer. We sincerely believe Nisk has the potential to become a robust new mine and that these studies will derisk and eventually lead to a positive development decision. We look forward to having Chris be a principal in this transformation."

Prior to NextOre, Mr. Beal served as associate director at RFC Ambrian, where he managed corporate advisory mandates, including M&A (merger and acquisition) processes for Anglo American, government grant funding, and ASX (Australian Securities Exchange) listings with capital raises. His experience includes operational and engineering roles across underground and open-pit copper, nickel and gold operations in Australia and Canada. He holds a bachelor of applied science in mining engineering from the University of British Columbia, is a CFA charterholder, and is a dual Australian-Canadian citizen fluent in English and French.

Mr. Beal, vice-president of operations of Power Metallic Mines, added: "I am excited to join Power Metallic at this pivotal stage. The high-grade Nisk polymetallic system, particularly the Lion zone, offers tremendous potential. Combined with its favourable jurisdiction and attractive mining geometries, it is an extremely attractive deposit for development. I look forward to applying my experience in efficient mining operations and advanced technologies to enhance project economics, reduce waste and support sustainable development."

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 (approximately 167 square kilometres) from Li-FT Power, the company now controls approximately 330 square kilometres and roughly 50 kilometres 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 through 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 Jabal Saiyd 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 deposits.

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