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POWER METALS APPOINTS CEO HAYDN DAXTER TO THE BOARD OF DIRECTORS

Power Metals Corp. has appointed chief executive officer Haydn Daxter to the board of directors of the company. 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 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). Mr. Daxter joined Power Metals in February, 2024, and has done an exceptional job at advancing the company's 100-per-cent-owned Case Lake project.

Chris Evans will be stepping down from the board of directors to make room for this important addition. Power Metals thanks Mr. Evans for his service to the company.

Johnathan More, chairman and founder of Power Metals, commented: "Mr. Daxter took the helm as our CEO just over one year ago to this date. Since then, Power Metals has finally turned into an exciting emerging company in this unique sector. It gives myself such pleasure to have him serve on our board as we continue to develop this world-class asset. Additionally, I thank Mr. Evans for his time served on the board."

Mr. Daxter, chief executive officer and a director of Power Metals, added: "I am honoured to join the board of directors at Power Metals Corp. as we continue to build a sustainable critical minerals business to meet the North American demand. The company has achieved exceptional growth over the past 12 months, and I look forward to the year ahead as we strengthen both our team and the project."

Case Lake property

The Case Lake property is located 80 kilometres east of Cochrane in northeastern Ontario close to the Ontario/Quebec border. The property consists of 585 cell claims in Steele, Case, Scapa, Pliny, Abbotsford and Challies townships in the Larder Lake mining division. The property is 10 kilometres by 9.5 kilometres in size with 14 granitic 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 dome, collectively forming mineralization trend that extends for approximately 10 kilometres.

Power Metals has completed several exploration campaigns that have led to the discovery and expansion of new and historic spodumene-bearing LCT (lithium/cesium/tantalum) pegmatites at Case Lake. The company has drilled a total of 23,976 metres of core between 2017 and 2024 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 the Case Lake property and was filed on July 18, 2017.

Pelletier property

The Pelletier property is located 50 kilometres south of Hearst in Northeastern Ontario close to a network of forestry roads. The property consists of 337 mineral claims that account for a total of 7,000 hectares in Franz, Roche, Scholfield and Talbot townships in the Porcupine mining division. The Pelletier project is characterized by LCT-prospective, S-type pegmatitic granites intruding into metasedimentary and amphibolite of the Quetico subprovince at or near the Archean terrane boundary between the Quetico and Wawa subprovinces.

Decelles property

The Decelles property contains 669 claims, covering 38,404 hectares of LCT-prospective ground near the mining centres of Val d'Or and Rouyn-Noranda, approximately 600 kilometres from Montreal. Power Metals acquired the Decelles and Mazerac properties from Winsome Resources in 2023 in a deal that allowed Winsome to increase its stake to 19.59 per cent (refer to press release announced on Aug. 24, 2023). The geology of the Decelles property is part of the Archean Pontiac subprovince where S-type, LCT-prospective, pegmatite-bearing, granitic Decelles batholith intrudes into metasedimentary units of the Pontiac group. Spodumene-bearing and beryl-bearing pegmatites have been reported historically within the Pontiac subprovince in association with S-type garnet-muscovite granite. The Decelles property is adjacent to Vision Lithium's Cadillac property, where discovery of high-grade lithium pegmatites was reported in 2022.

Mazerac property

The Mazerac property is located approximately 30 kilometres east of Power Metals' Decelles property near well-established mining camps in the Abitibi region of Canada and is accessible by network of mining-grade forestry roads. The Mazerac property contains 259 claims that cover 14,700 hectares of LCT-prospective ground near the mining centre of Val d'Or and Rouyn-Noranda. The regional geology of Mazerac is similar to Decelles where S-type, LCT-prospective, pegmatite-bearing granites of the Decelles batholith intrude into metasedimentary units of the Pontiac group. Spodumene-bearing and beryl-bearing pegmatites have been reported historically within the Pontiac subprovince in association with S-type garnet-muscovite granite.

Pollucite and cesium

Pollucite is a rare mineral that hosts high-grade cesium and is associated with highly fractionated rare element pegmatites. The main source of cesium known globally is pollucite. Currently, the Tanco mine in Manitoba, Canada, is the only operating cesium deposit and holds over 60 per cent of the known reserves globally.

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 NI 43-101, Standards of Disclosure of Mineral Projects.

About Power Metals Corp.

Power Metals is a Canadian exploration company focused on developing high-quality critical mineral projects. Its flagship Case Lake property in Ontario -- 100 per cent owned by Power Metals -- is a high-grade cesium, lithium and tantalum asset, poised to become one of only four cesium mines globally. Beyond Case Lake, the company's portfolio includes the Pelletier property in Ontario and the Decelles and Mazerac properties near Val d'Or, Que. Together, these assets cover 1,265 claims spanning more than 600 square kilometres of LCT prospective ground. As global demand for critical minerals continues to grow global and particularly in North America, Power Metals is strategically advancing its projects to support the continent's growing supply needs.

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