Mr. Johnathan More reports

POWER METALS ENGAGES MAJOR DRILLING FOR WINTER 2024 DRILL PROGRAM AT CASE LAKE

Power Metals Corp. has engaged Major Drilling to complete an exploration drill program at its 100-per-cent-owned Case Lake property in Northeastern Ontario. The objective of the program is to delineate and extend lithium-caesium-tantalum (LCT) mineralization at Case Lake where previous drilling campaigns completed by Power Metals have intersected high-grade lithium and caesium mineralization at Case Main and West Joe deposits (see news releases reported in November, 2022, September, 2018, and November, 2017).

Johnathan More, chairman and founder of Power Metals, commented: "We are very excited at the progress we are making to commence our 2024 exploration efforts with a winter drill program at Case Lake. We are pleased to announce that we will be mobilizing a drill to Case Lake by the end of the month. Case Lake is one of the few projects in the world that contain caesium mineralization in pollucite and look forward to drill test high-priority exploration targets our team have been able to identify."

Case Lake property

The Case Lake property is located 80 kilometres east of Cochrane, Northeastern Ontario, close to the Ontario-Quebec border. The property consists of 585 cell claims in Steele, Case, Scapa, Pliny, Abbotsford and Challies townships, Larder Lake mining division. The property is 10 km by 9.5 km in size with 14 tonalite domes. The Case Lake pegmatite swarm consists of six spodumene dikes known as the north, main, south, east and northeast dikes on the Henry Dome, and the West Joe dike on a new tonalite dome, collectively forming mineralization trend that extends for about 10 km.

Power Metals has completed several exploration campaigns that have led to the discovery and expansion of new and historic spodumene-bearing LCT pegmatites at Case Lake. The company has drilled a total of 15,700 metres of core between 2017 and 2022 at the property. The Case Lake property is owned 100 per cent by Power Metals. A National Instrument 43-101 technical report has been prepared on Case Lake property and filed on July 18, 2017.

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

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