Power Metals Corp. provided an update for its ongoing field exploration program at its 100% owned Case Lake Property (the "Property") in northeastern Ontario. Power Metals have been able to finalize key exploration activities that include completion of high resolution airborne magnetic and LiDAR surveys, compilation and interpretation of historic and recent exploration data, and execution of field exploration program that have identified new spodumene bearing pegmatites in the Property (See News Releases Dated May 15, June 08, & September 13, 2023).

The company is finalizing its 2023 field exploration program and advancing well with target generation process that will be followed with a drill program later this fall. Power Metals is also pleased to announce that it has engaged SGS Canada to carry out metallurgical testing on Lithium ? Tantalum ?

Cesium (LCT) pegmatite samples from the Main, North, and West Joe dikes at Case Lake. Results of the metallurgical testing will provide important information related to recovery of Lithium ? Tantalum and Cesium metals and will be used in economic study Power Metals plans to complete in 2024.

KEY EXPLORATION HIGHLIGHTS: Power Metals continuing to progress with its 2023 field exploration program and target generation process at Case Lake. Prospecting and grab sampling completed in the fall of 2023 identified several new pegmatites southeast and north of new spodumene bearing pegmatites identified earlier in the summer at Dome Nine. Prospecting along strike in the far east of the East dike also identified new pegmatite outcrops.

Sampling of Lithium ? Cesium ? Tantalum bearing mineralized outcrops for metallurgical testing at SGS has started at the Main and North dikes.

The company plans to sample pollucite-rich sections of the West Joe dike later in the fall.