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Power Metals Upgrades to OTCQB Venture Market

Listings & Exchange

Power Metals Upgrades to OTCQB Venture

Market

VANCOUVER, BC

,

July 6, 2022

/CNW/ -

Power Metals Corp.

("

Power Metals

" or the "

Company

")

(TSX VENTURE: PWM) (FRANKFURT: OAA1) (OTC: PWRMF) is pleased to announce that it has

received approval to upgrade from the OTC Pink Market to the OTCQB Venture Market (the

"

OTCQB

").

Power Metals will commence trading on the OTCQB effective at market open today, July 6, 2022,

under the symbol "PWRMF" and investors can find quotes for the Company's common shares on

www.otcmarkets.com

. The Company's shares will continue to trade on the Toronto Venture

Exchange ("

TSX.V

") under the symbol "PWM".

The OTCQB is a U.S. trading platform operated by the OTC Markets Group and is the leading

marketplace for early-stage and developing U.S. and international companies. The elevated

compliance and quality standards required of OTCQB listed companies provides investors with

increased confidence in the companies in which they invest and is anticipated to provide the

Company improved visibility in the US markets.

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 & CEO

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.

SOURCE

POWER METALS CORP

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/July2022/06/c9985.html

%SEDAR: 00024408E

For further information:

Power Metals Corp., Johnathan More, 646-661-0409,

[email protected]

CO: POWER METALS CORP

CNW 09:30e 06-JUL-22