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PWRO.V ·

Power One Appoints Dr. Wazir Khan to Board of Directors

Management Changes

Power One Resources Corp.

1100 – 1111 Melville Street

Vancouver, BC, V6E 3V6

Vancouver Tel: (604) 716-1036

Toronto Tel: (416) 477-1220

Website: www.p1rc.com

Email: [email protected]

NEWS RELEASE

POWER ONE APPOINTS DR. WAZIR KHAN TO BOARD OF DIRECTORS

April 2 9, 202 4, Vancouver, BC – Power One Resources Corp . (TSXV: PWRO) (“Power One ” or the

“Company”) is pleased to announce that Dr. Wazir Khan has been appointed as a director of the Company

effective April 19, 2024. Dr. Wazir Khan is an exploration geologist with more than 30 years’ experience

spanning multiple metallogenic districts including Au -Cu-Mo-Ag porphyries, Abitibi greenstone

epithermal Au deposits -and Cariboo gold belt. He has expertise in mineral exploration from greenfield

and brownfield to feasibility studies in the mining sector. He holds a Ph.D. in economic geology and

igneous petrology from University of Iowa, USA, M.Phil. in mineralogy from University of Baluchistan, and

M.Sc. in mineralogy/petrology, from University of Peshawar, Pakistan. His career includes work with the

Pakistan Atomic Energy Commission, Geological Survey of Pakistan, Iowa Geological Survey, US, Noront

Resources, Premier Gold Mines, Red Lake Gold Mines, Barkerville Gold Mines, Rich Copper Exploration

and Advanced Gold Exploration.

Dr. Khan has been a member of the team involved in early exploration work at Reko Dig Cu -Au porphyry

deposit of Barrik Gold in Baluchistan, Pakistan, and early -stage exploration in discovery of Ring of Fire

chromite, nickel, platinum, palladium, and zinc deposits in northern Ontario. He has supervised open pit

mine operation of Barkerville Gold Mines at Bonanza Ledge mine in BC Cariboo gold belt, Key Lake and

Hard Rock drill exploration programs for Goldstone Resources and Premier Gold Mines in Abitibi

greenstone Belt, Buck Lake, Dobie Lake, and Melba drilling exploration for Rich Copper, Advanced United

and Advanced Gold Exploration in Sault Ste Marie and Timmins areas in northern Ontario. Dr. Khan’s

teaching includes at University of Iowa as Teaching Assistant and Principal Scientific Officer at COMSATS,

Abbottabad Pakistan. Dr. Khan is member of Geological Society of Canada. His geological research,

geological mapping, metallogenic modelling, and exploration work has resulted in publications of over a

dozen reports, maps and research papers.

Dr. Khan replaces Jordan Smith, who has resigned from the Company’s Board of Directors. Power One

would like to thank Mr. Smith for his contributions to the Company and wish him the best in his future

endeavors.

ON BEHALF OF THE BOARD

Power One Resources Corp.

“Karim Rayani”

Karim Rayani

President, CEO and Director

Tel: 604 716 0551

Email: [email protected]

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

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

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward -looking statements that reflect the expectations of management.

Forward-looking statements consist of statements that are not purely historical, including any statements regarding

beliefs, plans, expectations, or intentions regarding the future. Forward -looking statements in this press release

relate to, among other things: the completion of the proposed Arrangement. Actual future results may differ

materially. There can be no assurance that such statements will prove to be accurate, and actual results and future

events could differ materially from those anticipated in such statements. There is no assurance any of the conditions

for closing will be met. Forward- looking statements reflect the beliefs, opinions, and projections on the date the

statements are made and are based upon a number of assumptions and estimates that, while considered

reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political,

and social uncertainties, and contingencies. Readers should not place undue reliance on the forward- looking

statements and information contained in this news release concerning these times. Except as required by law, the

Company does not assume any obligation to update the forward -looking statements of beliefs, opinions,

projections, or other factors, should they change, except as required by law .