Mr. Johnathan More reports

POWER METALS APPOINTS MR. HAYDN DAXTER AS CEO

Power Metals Corp. has appointed Haydn Daxter as chief executive officer.

Mr. Daxter has over 20 years of experience in exploration and mining across Australia, Africa and Canada. He is a geologist with a vast background in remote and challenging projects within the gold, lithium and iron ore sectors. He recently held the role of exploration manager with Ardiden Ltd. for over four years and has held various senior roles in operations, project management and logistics, and he has an impressive record in delivering results whilst adding shareholder value. Mr. Daxter holds a bachelor of geoscience in mineral deposits and is a member of the Australian Institute of Geoscientists (AIG).

Power Metals' current chief executive officer, Gerry Brockelsby, will remain with the company as a strategic adviser. The company thanks Mr. Brockelsby for his time served as chief executive officer and looks forward to his continued commitment to the company.

Johnathan More, Power Metals' chairman and founder, commented: "We are very pleased to have Mr. Haydn Daxter take the helm as CEO. He will play a very large role in overseeing our upcoming drill program that will be commencing shortly. Additionally, Power Metals will benefit tremendously from his connections in Australia, which will give us exposure and visibility to their large lithium and cesium marketplace. I also want to thank Gerry Brockelsby for making room for Haydn's appointment as he transitions to a strategic adviser."

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. The company sees an unprecedented opportunity to supply the tremendous growth of the lithium battery and clean-technology industries.

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