545 – 999 Canada Place
545 – 999 Canada Place
Vancouver, B.C.
V6C 3E1
N E W S R E L E A S E
Power Metals Corp. Acquires 2 Alberta Petro Lithium Brine
Properties With Discoveries From Existing Wells
V ANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - Power Metals Corp. ("Power
Metals Corp." or the "Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1) is pleased to announce
completion of the acquisition of new lithium brine claim areas totalling 42,000 acres of prime ground in the
Drumheller and Peace River areas.
Johnathan More, President and CEO stated "We are very pleased to further expand our asset package in Alberta,
with these add itional accretive and strategic projects. The potential for Power Metals to participate with other
leading companies like MGX Minerals in pr oviding reliable supply to end users as the technology evolves into a
commercial and scaled -up proposition will have an extensive effect on the industry and it is our goal to be at the
front-end of this - generating shareholder and stakeholder value."
Drumheller
At Drumheller the surface bedrock geology of the Property is comprised entirely of the Horseshoe Canyon
Formation.
The target for lithium brines on the Property are the Winterburn Carbonates (the "Target"). Lithium values for the
Target were not ed in three old wells. Of potential interest is an apparent thick ening of the Target towards the
southeast on the Property as per old well data.
To view the table and image, please visit: http://media3.marketwire.com/docs/1087895a.pdf
Peace River
At Peace River, a total of three (3) old wells drilled on the Property have values for lithium brines (mg/L) according
to data available from the Alberta Energy Regulator ("AER"). Also according to the AER two of these have been
abandoned. These old wells show potential for Triasssic and Carboniferous aged carbonbate formations to host
lithium brines. Two wells in particular have two distinct carbonate horizons bearing lithium in brines. Also of note is
the Viking Formation, much younger in strata which is a clastic and exhibits a low amount of lithium.
To view the table and image, please visit: http://media3.marketwire.com/docs/1087895b.pdf
Transaction Terms
A total of 650,000 shares are being issued by the Corporation in connection with these property acquisitions,
following Exchange approval.
Qualified Person
John F. Wightman, MSc. (Geology), P.Eng., FGAC, a qualified person, prep ared the disclosures reports related to
these projects. National Instrument 43-101 reports have not been prepared on these properties.
About Power Metals Corp.
Power Metals Corp is one of Canada's newest premier mining companies with a mandate to explor e, develop and
acquire high quality mining projects for minerals contributing to power. We are committed to building an arsenal of
projects in both lithium and clean power fuels like uranium. We see an unprecedented opportunity to supply the
staggering growth of the lithium battery industry.
ON BEHALF OF THE BOARD,
Johnathan More, CEO and Director
Telephone: (646) 661-0409
Neither the TSX Venture Exchange nor its Regulation Service Pr ovider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the information contained herein.