Power Metals Increases Land Position at Case Lake - Seite 2

Dr. Selway, VP of Exploration stated "The revised exploration model of searching for spodumene pegmatite dykes in tonalite/granodiorite domes has significantly expanded the potential of the property for lithium mineralization. The newly acquired claims gives us even more ground to explore for spodumene pegmatites. I can't wait for a prospecting program on these domes in the spring."

Brent Butler, CEO of Power Metals stated "Our very successful ongoing drill program at Case Lake is delivering us spectacular results. It is important that we continue to prospect our entire land package while drilling is going on. We have already uncovered multiple high priority drill targets for our next drill program following the completion of our current 5000 m program."

The additional claims were acquired from an arm's-length party in exchange for 3,000,000 common shares of the Company and no NSR. Shares issued pursuant to the Agreement are subject to a four month hold period. The transaction is subject to regulatory approval, including approval by the TSX Venture Exchange.

Case Lake

Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists of five dykes: North, Main, South, East and Northeast Dykes. The Northeast Dyke contains very coarse-grained spodumene. Power Metals has an 80% interest with its 20% working interest partner MGX Minerals Corp. (CSE:XMG).

Qualified Person

Julie Selway, Ph.D., P.Geo. supervised the preparation of the scientific and technical disclosure in this news release. Dr. Selway is the VP of Exploration for Power Metals and the Qualified Person ("QP") as defined by National Instrument 43-101. Dr. Selway is supervising the exploration program at Case Lake. Dr. Selway completed a Ph.D. on granitic pegmatites in 1999 and worked for 3 years as a pegmatite geoscientist for the Ontario Geological Survey. Dr. Selway also has twenty-three scientific journal articles on pegmatites. A National Instrument 43-101 report has been prepared on Case Lake Property and filed on July 18, 2017.