Power Metal Resources plc the AIM listed metals exploration and development company is pleased to announce its unaudited interim results for the six months period ended 31 March 2020.

Operational Highlights

In the Half Year to 31 March 2020: POW confirmed its election to earn-in to a 40% project interest at the Molopo Farms Complex project ('MFC Project') in Botswana, with various operational updates and notably the confirmation of high profile nickel sulphide targets for a 2020 drilling programme; POW and its Joint Venture ('JV') partner Katoro Gold Plc ('Katoro Gold') (LON:KAT) released an update demonstrating nickel sulphide & laterite, platinum group metals, gold, lithium and rare earth exploration potential at the Haneti Polymetallic Project in Tanzania where POW holds a 25% interest and can acquire a further 10% interest by paying Katoro Gold a further GBP25,000 by 31 August 2020; The Company commenced a pitting and mapping exploration programme at its 70% owned Kisinka copper-cobalt project in The Democratic Republic of the Congo ('DRC') following the identification of a 6.8KM copper anomaly in the Company's licence in 2019; A conditional transaction was announced to acquire an earn-in right over the Alamo gold project in Arizona, USA, subject to completion of due diligence; A financing was undertaken in December 2019 raising GBP700,000 for the Company; POW directors acquired a further 16,850,000 POW shares investing through participation in the December 2019 POW financing and through the purchase of shares on market at a total cost of GBP69,488.

Contact:

Paul Johnson

Tel: +44 (0) 7766 465 617

Notes to Editors

Power Metal Resources plc (LON: POW) is an AIM listed metals exploration and development company seeking a large scale discovery of precious or base metals.

The Company has a portfolio including key interests in Australia, Botswana, Cameroon, The DRC and Tanzania. The interests represent large scale exploration projects targeting mainly cobalt, copper, gold, nickel and platinum group metals. Project interests range from early stage greenfield exploration to later stage drill ready prospects.

The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company's position to become a leader in the London market for investors wishing to gain exposure to proactive metals exploration.

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