Power Group Announces Change of Directors

POWER GROUP ANNOUNCES CHANGE OF DIRECTORS

November 1, 2024 – Vancouver, BC - Power Group Projects Corp. (TSXV: PGP) (the "Company ") is

pleased to confirm that Mr. Brad Kitchen has joined its Board of Directors, effective October 16, 2024.

Mr. Kitchen has a 35 year record consisting of inve stment banking and senior corporate management

including the responsibility for operations and financings for primarily, resource based, small, medium and

large private and public companies. Extensive knowl edge of resource exploration and development

acquired over the last 20 years of working in the mining and oil and gas industries. Significant experience

in mergers and acquisitions, public listings, all forms of equity and debt markets, derivatives, interest rate

sensitive products and micro-cap financings. Struct ured financings utilising traditional capital marke t

products to match corporate needs. Used detailed knowledge of regulatory, security and tax issues, cross-

border financings, market influences to address business challenges of issuers and investors. Both a leader

and team player in corporate critical situations ge nerating synergies, creating corporate successes an d

achieving set targets and goals. An excellent motivator and communicator who enjoys working with teams

and public speaking.

The Company would also like to confirm that Tara Le ray replaced David Kwok as the Chief Financial

Officer of the Company.

For further information, please contact:

Aleem Nathwani

Chief Executive Officer and Chairman

Tel: (604) 290-7073

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Statements in this release may contain forward-looking information. Any statements in this press release that are not statements of

historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as

“may”, “should”, “would”, “anticipate”, “expects”, and similar expressions. The reader is cautioned th at assumptions used in

the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results

to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many

of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking

information. Such information, although considered reasonable by management at the time of preparation , may prove to be

incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press

release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are

made as of the date of this press release. The Company does not undertake any obligation to update publicly or to revise any of the

included forward-looking statements, whether as a r esult of new information, future events or otherwis e, except as required by

securities law.