Power Metal Resources PLC (LON:POW) the AIM listed metals exploration and development company is pleased to announce an exploration update at the Kalahari Key Mineral Exploration Pty Ltd ('Kalahari Key' or 'KKME') Molopo Farms Complex Project (the 'Project' or 'MFC Project'), which is targeting prospective massive nickel sulphide and platinum-group element ('PGE') mineralisation in Botswana.

CHIEF EXECUTIVE OFFICER UPDATE

Paul Johnson, Chief Executive Officer of Power Metal Resources, commented: 'The confirmation of nickel sulphides in the core from drill hole KKME 1-6 is a very positive outcome and adds yet more weight to the geological proposition being tested at the MFC Project.

The team at KKME are continuing to stay focused and assimilate technical information as it flows in. Further data is due in the form of laboratory assay results, continuing University mineralogical analysis of core samples and downhole geophysics data, all of which is expected shortly.

Undoubtedly we will have more to say soon and we look forward to sharing further findings in due course.'

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 metal discovery.

The Company has a global portfolio of project interests including precious metal exploration in North America and Australia together with base and strategic metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage prospects currently subject to drill programmes.

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 global metals exploration.

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