Mr. Haydn Daxter reports

POWER METALS ENGAGES CANACCORD GENUITY AS FINANCIAL ADVISOR

Power Metals Corp. has appointed Canaccord Genuity Corp. as financial adviser to the company. Due to a high level of third party interest in its 100-per-cent-owned Case Lake project in Northeastern Ontario, Canaccord Genuity will advise the company's strategic review committee through this important and exciting stage of the company.

Canaccord Genuity will commence a strategic evaluation of both current operations and future growth opportunities, as Power Metals seeks to capitalize on the increasing global demand for cesium, lithium and tantalum.

Positioned as a world-class deposit, Case Lake has attracted interest from strategic investors and established global industries amid intensifying competition for critical mineral resources.

Haydn Daxter, chief executive officer of Power Metals, added: "The appointment of Canaccord Genuity is timely as we continue our extensive exploration program at Case Lake, with several significant milestones indicatively scheduled for announcement in the near term.

"The bank's expertise in financial strategy and overall global market position will be instrumental as we progress this world-class cesium asset. Additionally, we look forward to seeing our drill results from our recently completed winter drill program in the coming weeks."

Canaccord Genuity is independent to the company.

About Power Metals Corp.

Power Metals is a diversified Canadian mining company with a mandate to explore, develop and acquire high-quality mining projects. It is committed to building an arsenal of projects in cesium, lithium, and high-growth specialty metals and minerals. It sees an unprecedented opportunity to supply the tremendous growth of the lithium battery and critical mineral industries across North America.

We seek Safe Harbor.