Power Metals Corp. provided an exploration update on its ongoing winter 2024 drill program at its 100% owned Case Lake property. The 2024 program at Case Lake with Major Drilling is progressing well with the first 1,323 meters for twelve diamond drill holes completed of the planned 4,000-meter program.

Drilling will continue throughout the month of April with the extended colder weather in NE Ontario to complete the program with additional targets to be tested at the Main Zone and West Joe deposits as the company is stepping out on the known mineralization across the Case Lake property. Main Zone: Further to the Company's press release dated March 19, 2024, the continued drilling at Main Zone has now completed seven holes for 969 meters with spodumene mineralization present within each hole to date. The continued presence of coarse spodumene mineralization displayed 2cm - 14 cm grain sizes with up to 25% spodumene mineralization in a series of stacked pegmatites systems is very encouraging.

The Company plans to return to the Main Zone towards the second part of the program with planned drilling to develop depth and strike extensions. Currently the Main Zone strikes for over 400 meters in length, up to 35 meters thick with LCT (lithium-cesium-tantalum) mineralization. West Joe: The Company commenced drilling at West Joe in the second half of March and has completed five diamond drill holes to date for 354 meters of drilling.

West Joe is an LCT pegmatite system that has displayed known pollucite mineralization that is associated to high grade cesium. Previous drilling completed between 2017 and 2022 identified high grade cesium mineralization that contains up to 24% Cs2O. The completed drilling has displayed the presence of coarse to very coarse grained spodumene between 2m - 8m in thickness and localized zones of up to 30% spodumene along with 5-15% pollucite present within each hole completed to date.

Target areas at West Joe currently remain open at depth and along strike and will be tested over the coming weeks to further develop the potential at West Joe. Samples from West Joe and the Mian Zone have been submitted to Actlabs for analysis, these remain on track for results towards the end of April 2024. Pollucite and Cesium: Pollucite is a rare mineral that hosts high grade cesium and is associated with highly fractionated, rare element pegmatites.

The main source of cesium known globally is pollucite (Cs,Na)2(Al2Si4O12)?2H2O. Currently the Tanco mine in Manitoba, Canada is the only operating cesium deposit and holds over 60% of the known reserves globally. Case Lake 2024: The Company is continuing to develop its advanced stage exploration project at Case Lake for 2024 and will conduct a second round of 4,000 meters drilling planned for this summer to add to the currently completed 165 drill holes for 15,851 meters.

Having eight known drill targets on the property along with regional targets that warrant further review from field mapping at Case Lake provides the Company with a strong year of exploration to be conducted. Exploration Strategy for Power Metals: The Company is currently reviewing its 2024 exploration strategy on progressing the advanced stage Case Lake property, along with building a solid platform for each of the early-stage exploration projects in Decelles, Mazerac, and Pelletier. With this identifying the key structural controls that drive mineralization across each property is paramount to building a geological model.

The Company has engaged the services of Southern Geosciences Consultants (SGC) of Perth, Australia to provide a lithological and geological assessment of Case Lake that will form part of the structural model of the property. Along with engaging SGC the Company is reviewing targeted low level Drone magnetic surveys to be performed across key areas of the property that currently hosts LCT mineralization at Case Lake. The Company will also commence the development with SGC geological models across the early-stage exploration properties in Decelles, Mazerac, and Pelletier, along with conducting summer field programs with soil, outcrop sampling and mapping.