Mr. Johnathan More reports

WINSOME INCREASES STAKE IN POWER METALS TO 19.59% THROUGH ACQUISITION OF TWO STRATEGIC PROPERTIES

Power Metals Corp. has entered into an agreement with Winsome Resources Ltd. to acquire a 100-per-cent interest in Winsome's Decelles and Mazerac projects located in Quebec. Upon closing of the acquisition, it is anticipated that Winsome will own approximately 19.59 per cent of the outstanding shares of Power Metals. Winsome currently owns approximately 9.94 per cent of the outstanding common shares of the company.

Johnathan More, chairman of Power Metals, commented: "Power Metals continues to strengthen its relationship with Winsome Resources through this strategic acquisition of these two prolific lithium properties in Quebec. Our strong cash position gives us the ability to expand our exploration horizon to these projects which are in close proximity to our flagship Case Lake project. Field crews are now in the field at Case Lake and more geophysical work will immediately commence on these two newly acquired properties. We also look forward to providing the market with an update at Case Lake in the coming days."

Chris Evans, Winsome's managing director, said: "We are pleased to announce progress towards this transaction with Power Metals which, when executed, will increase Winsome stake in PWM to 19.59 per cent. This is an exciting opportunity for the company as PWM progresses its own exploration program. The exposure to a potentially significant cesium project is very attractive given the rare nature of pollucite-hosted deposits globally. The terms will ensure ongoing exploration on the Decelles and Mazerac licences in the shorter term, while the company concentrates its resources toward a maiden mineral resource estimate at Adina and further expansion of the Cancet project. With Decelles and Mazerac being approximately 350 kilometres from PWM's Case Lake project in neighbouring Ontario, it makes commercial sense for PWM to execute exploration activities at these sites. The Winsome team looks forward to continuing our strong relationship with PWM."

About the Decelles and Mazerac projects:

• The Decelles project area covers 38,404 hectares, holding 669 claims close to the mining centres of Val d'Or and Rouyn-Noranda, approximately 600 kilometres from Montreal.
• The prospective Mazerac region project holds 259 claims across 14,700 hectares and is less than 30 km east of Decelles.
• Both projects are in close proximity to established infrastructure and major mining centres with a history of recent lithium discoveries.

General location

The new claim option is centred about the Mazerac township and covers an area exceeding 149 square km.

The area is located approximately 50 km southwest of Val d'Or, a well-established mining town in the Abitibi region. The sector is easily accessible by all-season roads servicing Quebec hydroelectric dam, Rapid-7, the Decelles water reservoir and the La Verendrye park, all enclosed within the Outaouais river watershed.

The Mazerac claims are easily accessible by a dense network of trails and other forestry roads. The area is also accessible by boat or seaplane, as it is traversed longitudinally by multiple arms and bays forming the Decelles water reservoir, upstream of the Rapid-7 hydroelectric dam of Decelles.

Geological setting

The consolidated rocks of the region are of Precambrian age. The oldest include weathered rocks of sedimentary origin and a few of volcanic origin, which are considered part of the Pontiac group.

The majority of the bedrock in the region is composed of granitic and syenitic rocks, which have been intruded and mixed with rocks of the Pontiac group. Pegmatites and associated aplites have varying textures and reported to be abundant in the region.

The schist enclaves of the Pontiac group, showing various degrees of assimilation, are locally abundant. Large clusters of pegmatite are essentially homogeneous, however, some of the smaller dikes and lenses are zoned. Diabase and gabbro dikes cut across all these rocks.

Extensive lidar (light detection and ranging) coverage reveals the influence of tectonics on the topography of the region.

The general northeast orientation of the topographic features of the eastern part of the region is controlled by the granite and pegmatite sills in the biotite schists. There are many north, northeast and northwest trending joints in all the rocks of the region.

Terms of the transaction

Power Metals will acquire a 100-per-cent interest in Winsome's Decelles and Mazerac projects located in Quebec in consideration for the issuance of 17.65-million common shares to Winsome. The acquisition and the issuance of the consideration shares to Winsome are subject to the approval of the TSX Venture Exchange.

Scientific and technical disclosure

The scientific and technical disclosure included in this news release has been reviewed and approved by Amanuel Bein, PGeo, vice-president of exploration for Power Metals, a qualified person under National Instrument 43-101 -- Standards of Disclosure of Mineral Projects.

About Power Metals Corp.

Power Metals is a diversified Canadian mining company with a mandate to explore, develop and acquire high-quality mining projects. The company is committed to building an arsenal of projects in both lithium and high-growth specialty metals and minerals. Power Metals sees an unprecedented opportunity to supply the tremendous growth of the lithium battery and clean-technology industries.

We seek Safe Harbor.