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PWM.V ·

Power Metals Appoints Mr. Haydn Daxter as CEO

Management Changes

POWER METALS APPOINTS MR. HAYDN

DAXTER AS CEO

VANCOUVER, BC

,

Feb. 13, 2024

/CNW/ -

Power Metals Corp.

("

Power Metals

" or the

"

Company

") (TSX VENTURE: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) is pleased to

announce the appointment of Mr. Haydn Daxter as Chief Executive Officer.

Mr. Daxter has over 20 years of experience in exploration and mining across

Australia

,

Africa

, and

Canada

. He is a geologist with a vast background in remote and challenging projects within the gold,

lithium, and iron ore sectors. He recently held the role of Exploration Manager with Ardiden Limited

(ASX: ADV) for over 4 years and has held various senior roles in Operations, Project Management,

Logistics, and has an impressive track record in delivering results whilst adding shareholder value.

Mr. Daxter holds a Bachelor of Geoscience in Mineral Deposits and is a member of the Australian

Institute of Geoscientists (AIG).

Power Metals' current CEO, Mr.

Gerry Brockelsby

, will remain with the Company as a strategic

advisor. The Company thanks Mr. Brockelsby for his time served as Chief Executive Officer and

looks forward to his continued commitment to the Company.

Johnathan More

, Power Metals' Chairman & Founder commented, "We are very pleased to have

Mr. Haydn Daxter take the helm as CEO. He will play a very large role in overseeing our upcoming

drill program that will be commencing shortly. Additionally, Power Metals will benefit tremendously

from his connections in

Australia

which will give us exposure and visibility to their large lithium and

cesium marketplace. I also want to thank

Gerry Brockelsby

for making room for Haydn's

appointment as he transitions to a strategic advisor."

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

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.

SOURCE

POWER METALS CORP

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/February2024/13/c5456.html

%SEDAR: 00024408E

For further information:

Power Metals Corp., Johnathan More, 515-401-7479,

[email protected]

CO: POWER METALS CORP

CNW 08:30e 13-FEB-24