12:52:08 EDT Thu 16 Jul 2026
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Power One Resources Corp
Symbol PWRO
Shares Issued 33,218,592
Close 2026-07-15 C$ 0.035
Market Cap C$ 1,162,651
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Power One increases land position at Pecors project

2026-07-16 11:09 ET - News Release

Mr. Wazir Khan reports

POWER ONE RESOURCES EXPANDS PECORS PROJECT TO SECURE PRIORITY DEEP GEOPHYSICAL TARGET IN ADVANCE OF DRILLING

Power One Resources Corp. has increased its land position at the Pecors project following the recent announcement with plans to deep-test the Pecors magnetic anomaly. The Pecors project located within the Elliot Lake uranium district has proven to yield multielement precious and critical minerals through previous exploration efforts. The new ground covers 75 hectares three cells blocks securing the northeastern extension of the priority target of the Zd1 anomaly.

"We strongly believe in this project and the potential of the Pecors magnetic anomaly to deliver significant Ni-Cu-PGE results," comments Wazir Khan, chief executive officer and director. "We didn't want to leave any gaps in our land position."

Pecors anomaly

The Pecors magnetic anomaly is a large regional magnetic high measuring 12 kilometres long by four kilometres wide. Exploration by predecessors and by Marvel Discoveries on the adjoining property has thus far confirmed the Ni-Cu-PGE (nickel-copper-platinum group element) mineralization within a portion of the Pecors anomaly (see press release dated May 13, 2026).

A ZTEM heliborne-survey by Geotech Ltd. in 2018 and subsequent 3-D inversions of the resistivity from surface to 1,000 metres vertically have identified two deep-seated anomalous features (Zd1 and Zd2) beneath the thick cover coincident with the Pecors anomaly. Drilling in 2015 missed these anomalous features.

The company is currently evaluating financing and strategic alternatives to support an aggressive return to the Pecors project and the advancement of its next phase of exploration.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Mike Kilbourne, PGeo, a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Kilbourne is an independent consulting geologist and is at arm's length to the company.

About Power One Resources Corp.

Power One Resources is a Canadian exploration company focused on large-scale gold, polymetallic and energy-linked mineral systems. The company applies modern geological interpretation techniques to historically underexplored districts, targeting projects capable of delivering transformational discovery potential.

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