PWM.V · 2018-07-31 12:00:00

Case Lake Lithium Project Bulk Sample Testing Underway

Metallurgy & Processing

Case Lake Lithium Project Bulk Sample Testing

Underway

VANCOUVER

July 31, 2018

/CNW/ -

Power Metals Corp.

" or the "

Company

") (TSX

VENTURE:PWM)(FRANKFURT:OAA1)(OTC:PWRMF) is pleased to announce that the Company's 20% working

interest partner, MGX Minerals Inc. ("MGX"), along with Orion Laboratories, LLC ("Orion") and Light Metals

International Inc. ("LMI") have commenced laboratory bench-scale testing of a 10 kilogram bulk sample of

spodumene-rich drill core originating from the Case Lake lithium project in

Ontario

. The mineralized material is

currently undergoing chemical and mineralogical homogeneity testing, with the objective of extracting lithium

compounds and achieving a 95% pure spodumene concentrate. Results of testing performed to date by Orion and

LMI indicate that this level of spodumene purity is achievable. Once bench-scale testing has been completed to a

satisfactory level, additional mineral separation testing will be conducted to further develop the hydrothermal

leaching processes in order to purify high-grade spodumene concentrate.

Johnathan More

, Chairman of Power Metals, stated "As we are currently drilling our large-scale drill program at

our Case Lake project, we are given a tremendous opportunity to conduct bulk sample testing of drill core through

our partnership with MGX Minerals. We are happy to be the Company of choice of MGX, Orion and LMI to assist

them jointly develop and work to commercialize a new process for extracting hard rock lithium from spodumene

concentrate. The process they are developing may be game changing and we are excited to see the results."

Spodumene Concentrate Technology

MGX, Orion and LMI are jointly developing and working to commercialize a new process for extracting hard-rock

lithium from spodumene concentrate. LMI has developed a thermochemical technology to rapidly manufacture

lithium carbonate (Li

) and/or lithium hydroxide (LiOH) from a variety of spodumene (LiAlSi

-rich)

concentrates. The method is modular and highly scalable, thereby enabling a small "factory footprint," and holds the

potential to significantly decrease overall hard-rock lithium production costs. Unique features of the technology

include:

Only three feedstock materials are required: (i) a spodumene concentrate, to produce high-purity Li

and/or high-purity LiOH; (ii) high-purity CO

, which is consumed in forming Li

; and (iii) high-purity H

which is consumed in forming LiOH.

Creates three potentially saleable high-purity products: Li

and/or LiOH, aluminum hydroxide, Al(OH)

, and

amorphous silica, SiO

Eliminates use of conventional sulfuric acid leaching.

Modular capabilities allow for scalable and remote deployment.

Case Lake

Case Lake Property is located in Steele and Case townships, 80 km east of

Cochrane

NE Ontario

close to the

Ontario

Quebec

border. The Case Lake pegmatite swarm consists of five spodumene dykes: North, Main, South,

East and Northeast Dykes on the Henry Dome. Power Metals has an 80% interest with its 20% working interest

partner MGX Minerals Inc.

Qualified Person

Julie Selway

, Ph.D., P.Geo. supervised the preparation of the scientific and technical disclosure in this news

release. Dr. Selway is the VP of Exploration for Power Metals and the Qualified Person ("QP") as defined by

National Instrument 43-101. Dr. Selway is supervising the exploration program at Case Lake. Dr. Selway

completed a Ph.D. on granitic pegmatites in 1999 and worked for 3 years as a pegmatite geoscientist for the

Ontario Geological Survey. Dr. Selway also has twenty-three scientific journal articles on pegmatites. A National

Instrument 43-101 report has been prepared on Case Lake Property and filed on

July 18, 2017

About Power Metals Corp.

Power Metals Corp. is a diversified Canadian mining company with a mandate to explore, develop and acquire high

quality mining projects. We are committed to building an arsenal of projects in both lithium and high-growth

specialty metals and minerals. We see an unprecedented opportunity to supply the tremendous growth of the

lithium battery and clean-technology industries. Learn more at

www.powermetalscorp.com

ON BEHALF OF THE BOARD,

Johnathan More

, Chairman & Director

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

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The

securities being offered have not been, and will not be, registered under the United States Securities Act of 1933,

as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the

United

States

, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities

Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not

constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking information based on current expectations, including the use of

funds raised under the Offering. These statements should not be read as guarantees of future performance or

results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual

results, performance or achievements to be materially different from those implied by such statements. Although

such statements are based on management's reasonable assumptions, Power Metals assumes no responsibility

to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward-looking statements

are based are reasonable, undue reliance should not be placed on the forward-looking statements because the

Company can give no assurance that they will prove to be correct. Since forward-looking statements address

future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements

speak only as of the date of this press release. Actual results could differ materially from those currently

anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure

documents which can be found under the Company's profile on

www.sedar.com

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act

of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-

looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform

Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.

View original content with multimedia:

http://www.prnewswire.com/news-releases/case-lake-lithium-project-bulk-sample-testing-underway-300688923.html

SOURCE

POWER METALS CORP

View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2018/31/c8481.html

%SEDAR: 00024408E

For further information:

Power Metals Corp., Johnathan More, 646-661-0409, [email protected]

CO: POWER METALS CORP

CNW 05:00e 31-JUL-18

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