Mr. Wazir Khan reports

POWER ONE ANNOUNCES WARRANT EXTENSION AND REPRICING

Power One Resources Corp. intends to extend the expiry date and amend the strike price of a total of 11,188,846 share purchase warrants, exercisable at 50 cents per share, expiring on Jan. 18, 2026. The warrants were issued pursuant to private placements initially prior to the company's listing on the TSX Venture Exchange.

The company proposes to extend the expiry dates as allowed by TSX-V policies, resulting in expiry dates as follows:

• 1.03 million warrants issued Nov. 21, 2021, extended to Nov. 21, 2026;
• One million warrants issued Feb. 18, 2022, extended to Feb. 18, 2027;
• 9,158,846 warrants issued March 23, 2022, extended to March 23. 2027.

The company intends to reprice a total of 11,188,846 warrants to an exercise price of 15 cents per share. All other terms and conditions of the warrants remain unchanged. The extension and repricing of the warrants are subject to approval of the TSX-V.

The warrants have expired but the company made application for extension and repricing of the warrants within the timelines pursuant to the policies of the TSX-V.

About Power One Resources Corp.

Power One Resources is a resource issuer listed on the TSX Venture Exchange under the symbol PWRO. The company's flagship asset, the Pecors property, spans an 18-kilometre-by-four-kilometre magnetic anomaly in the Elliot Lake uranium camp, one of Canada's most prolific uranium districts. The project lies just east of the Eco Ridge deposit (see Radio Fuels Resources Corp.). After drilling the first gold discovery ever recorded on the property, the company believes Pecors represents a true polymetallic discovery, with potential for Ni-Cu-PGMs (nickel, copper and platinum group metals) largely untested during historical uranium mining. The property also contains a historical, non-National Instrument 43-101 uranium estimate by Rio Tinto in 1977 of 20 million tons grading 0.037 per cent UO (14.8 million pounds), recorded in the Ontario Minfile database (Minfile: MDI41J08NW00060). Power One treats this strictly as historical information only; a qualified person has not verified it as a current mineral resource.

We seek Safe Harbor.