Transaction Completed ON Decelles and Mazerac Properties in Quebec Major Highlights
TRANSACTION COMPLETED ON DECELLES AND
MAZERAC PROPERTIES IN QUEBEC
Major Highlights
• Company successfully completes acquisition of Decelles and Mazerac properties from
Winsome Resources (ASX: WR1) in Quebec, Canada
• The new assets strengthen the Company’s critical minerals portfolio, complementing its
flagship Case Lake cesium project in Ontario, Canada
VANCOUVER, BRITISH COLUMBIA – 8 October 2025 – Power Metals Corp ( "Power Metals" or the
"Company”) (TSX VENTURE: PWM ) (FRANKFURT: OAA1) (OTCQB: PWRMF) is pleased to announce
the approval from the TSX Venture Exchange on the acquisition of Decelles and Mazerac properties in
Quebec, Canada (see PWM press release dated August 24, 2023) to the Company from WR1.
As part of the original agreement as announced on August 24, 2023, for the acquisition of W R1’s
Decelles and Mazerac projects, W R1 was entitled to receive 17,650,000 common shares in PWM.
These shares shall now be issued, bringing WR1 ’s total holding to 16.15% of PWM’s issued capital
value.
The acquisition marks another step in Power Metals’ strategy to build a diversified portfolio of high -
value critical mineral assets across Canada at a time when energy security and supply chain resilience
are becoming increasingly important.
With the addition of the Decelles and Mazerac properties, the Company is well positioned to advance
exploration and development of key battery and technology metals, reinforcing its role as an emerging
contributor to North America’s critical minerals landscape.
Power Metals CEO, Haydn Daxter Commented:
“We are pleased to receive the final confirmation from the TSX Venture Exchange on the acquisition of
these two properties in Quebec, Canada. This strengthens our footprint in Canada for critical minerals
exploration and confirms our collaboration with WR1 as our major shareholder”.
Case Lake Property
The Case Lake Property is located 80 km east of Cochrane in northeastern Ontario, near the Ontario
Quebec border. It comprises 586 cell claims across Steele, Case, Scapa, Pliny, Abbotsford and Challies
townships within the Larder Lake Mining Division. The Property is 10km by 9.5km in size with 14
granitic domes.
The Case Lake pegmatite swarm consists of six spodumene dykes known as the North, Main, South,
East and Northeast dykes on the Henry Dome, and the West Joe dyke on a new dome, collectively
forming mineralization trend that extends for approximately 10km (Figure 1).
Power Metals has completed several exploration campaigns leading to the discovery and expansion of
new and historic spodumene bearing LCT pegmatites at Case Lake. The Company has drilled a total of
23,976 meters of core between 2017 and 2024 at the Property. The Case Lake Property is owned 100%
by Power Metals Corp. A National Instrument 43-101 Technical Report has been prepared on Case Lake
Property and filed on July 18, 2017 (Figure 1).
Decelles Property
The Decelles Property contains 247 claims, covering 14,229 hectares of LCT prospective ground near
the mining centres of Val-dÓr and Rouyn-Noranda, approximately 600km from Montreal.
Power Metals acquired the Decelles and Mazerac properties from Winsome Resources in 2023 in a
deal that increased Winsome equity stake to 19.59% (refer to press release announced on August 24,
2023), the transaction has been approved by the TSXV as per this announcement . The geology of
Decelles property is part of the Archean Pontiac sub-province where S-type LCT prospective, pegmatite
bearing, granitic Decelles Batholith intrudes into metasedimentary units of the Pontiac Group.
Spodumene and Beryl bearing pegmatites have been reported historically within the Pontiac sub -
province in association with S -type garnet-muscovite granite. The Decelles property is adjacent to
Vision Lithium’s Cadillac property where discovery of high -grade lithium pegmatites was reported in
2022 (Figure 1).
Mazerac Property
The Mazerac Property is located approximately 30 km east of Power Metals’ Decelles property near
well-established mining camps in the Abitibi region of Canada and is accessible by network of mining-
grade forestry roads. The Mazerac property contains 115 claims that cover 6,653 hectares of LCT
prospective ground near the mining centre of Val -dÓr and Rouyn -Noranda. The regional geology of
Mazerac is similar to Decelles where S -type LCT prospective, pegmatite bearing, granites of Decelles
Batholith intrude int o metasedimentary units of the Pontiac Group. Spodumene and Beryl bearing
pegmatites have been reported historically within the Pontiac sub-province in association with S-type
garnet-muscovite granite (Figure 1).
Figure 1 – Power Metals Corp Project Locations Map in Ontario and Quebec Canada
Pollucite and Cesium
Pollucite is a rare mineral that hosts high grade cesium and is associated with highly fractionated, rare
element pegmatites. The main source of cesium known globally is pollucite (Cs,Na)₂(Al₂Si₄O₁₂)·2H₂O,
(https://www.gov.mb.ca/iem/geo/industrial/pollucite.html). Currently there is no operational mining
of high-grade cesium from pollucite occurring globally.
Scientific and Technical Disclosure
The scientific and technical disclosure included in this news release has been reviewed and approved
by Amanuel Bein , M.Sc., P .Geo., Vice President of Exploration for Power Metals, a Qualified Person
under National Instrument 43 -101 Standards of Disclosure of Mineral Projects (NI 43 -101) and a
member in good standing with Association of Professional Geoscientists of Ontario (3524).
Power Metals Corp (TSX-V: PWM)
Power Metals Corp (TSX -V: PWM) is a Canadian exploration company focused on developing high -
quality critical mineral projects.
Its flagship Case Lake Property in Ontario – 100 per cent owned by Power Metals - is a high -grade
cesium, lithium and tantalum asset, poised to become one of only four cesium mines globally.
Beyond Case Lake, the Company’s portfolio includes the Decelles and Mazerac Properties near Val -
D’Or, Québec. Together, these assets cover 947 claims spanning more than 330km² of lithium-cesium-
tantalum (LCT) prospective ground.
As global demand for critical minerals continues to grow global, and particularly in North America,
Power Metals is strategically advancing its projects to support the continent’s growing supply needs.
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 pr ess 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
515-401-7479
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 a nd 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 onwww.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 t he 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.