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PWM.V ·

Power Metals Grants Stock Options

Share Capital & Compensation

Power Metals Grants Stock Options

VANCOUVER, BRITISH COLUMBIA – (August 19, 202 1) - Power Metals Corp. ("Power Metals

Corp." or the " Company") (TSX VENTURE:PWM)(FRANKFURT:OAA1) (OTC:PWRMF) announces

the grant of 2,500,000 incentive stock options to officers, directors, employees and consultants

of the Company. The options are exercisable at a price of $0. 22 per share for a period of five

years from the date of grant.

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.

Power Metals Corp.

Johnathan More

646-661-0409

[email protected]