Power Ore Closes Robitaille Copper & Cooke Gold Mine's Transaction in Chibougamau Quebec

Power Ore Closes Robitaille Copper & Cooke

Gold Mine's Transaction in Chibougamau

Quebec

TORONTO

,

July 13, 2020

/CNW/ - Power Ore Inc. ("Power Ore" or the "Company") (TSX.V: PORE)

is pleased to announce that the transaction as announed on

February 28, 2020

related to the Cooke

Copper and Robaitaille Gold Mine has closed. In addition to these former producing Falconbdirge

Mines, the property includes 12KM of strike of the Gwillin Fault and brings the Opemiska project to a

total size of nearly 10,000 hectares. In conjunction with this transaction, Power Ore has also

published this property's first NI 43-101 Techincal Report.

Historical Production from the Opemiska Copper Complex

Mine (Prod. Years)

Tonnes Produced

Copper Grade (%)

Gold Grade (gpt)

Cooke (1976-1989)

1

2,131,649

0.66%

5.17

Robitaille (1969-1972)

1

204,087

1.86%

N/A

Springer (1953-1991)

2

12,468,000

2.39%

0.82

Perry (1953-1991)

2

8,890,720

2.16%

0.24

Total Production

23,694,456

2.14%

0.99

1: Houle, Patrick, MERN, Chibougamau (2019)

2: Larouche, Claude (NI43-101 report, 2018)

"The Opemiska now includes four former producing copper and gold mines with substantial production

over five decades. Within this consolidated land package our strategy will be to continue to develop

resources in and around these mines to delineate its bulk tonnage potential while also also looking for

new discoveries along the significantly expanded land package along the Gwillim fault, said

Stephen

Stewart

, Power Ore's CEO.

Click here to see a Map of the Opemiska Copper Complex Property

Click here for a Presentation on Power Ore's New District Scale Opemiska Land Package

Exploration Potential of the Expanded Opemiska Copper Mine Complex

The expanded Opemiska land package consists of four potential deposit types which will need follow

up studies. These include:

1

.

Opemiska Copper-Gold Type (Springer,

Perry and Robitaille Mines

),

2

.

Opemiska Gold-Copper Type (Cooke Mine),

3

.

Blondeau Type Volcanegenic Massive Sulphide (VMS), and

4

.

Scott-Lemoine Type VMS.

The vicinity of the Cooke mine is host to gold-rich veins of the Opemiska-type as well as VMS-type

mineralized zones that were discovered underground at the mine and consists of a massive and

disseminated sulphide horizon in felsic tuffs of the Blondeau Formation.

Throughout Power Ore's land package, on both sides of the Gwillim Fault numerous copper-gold

veins have been encountered in drilling but in most cases the orientations of the veins could not be

ascertained. The focus of Power Ore's exploration will be on ascertaining the correct orientation of

the veins in order to increase our chances of making a discovery within a well endowned copper-gold

system. Further review of all past mineralized drill intersections is warranted as they could represent

major new Opemiska-type veins.

In the northeast corner of the property the volcanic rocks are on the south limb of the

Chibougamau

anticline, with the nearby north limb hosting Yorbeau's Scott Lake VMS Deposit. This contact may be

present on the Power Ore's land package, and if so would merit detailed exploration to test for this

attractive deposit type.

About the Opemiska Copper Complex

The Opemiska Copper Complex is located adjacent to the town of

Chapais, Quebec

within the

Chibougamau

region. Opemiska is also within the Abitibi Greenstone belt and within the boundaries of

the Province of

Quebec's

Plan Nord which promotes and funds infrastructure and development of

natural resource projects. The Opemiska property covers 9,852 hectares and covers the past

producing Springer, Perry, Robitaille and Cooke mines which were owned and operated by

Falconbridge

. The project has excellent in place infrastructure including a power station and direct

access to Highway 113 and the Canadian National Railway.

QP Statement

The technical information contained in this news release has been reviewed and approved by

Charles

Beaudry

, P.Geo and géo., Director and Vice President Exploration for Power Ore, who is a Qualified

Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects".

For information and updates on Power Ore, please visit:

www.powerore.com

And please follow us on Twitter @PowerOre

N

either 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. Certain information in this press release may contain forward-looking statements. This

information is based on current expectations that are subject to significant risks and uncertainties

that are difficult to predict. Actual results might differ materially from results suggested in any

forward-looking statements. Power Ore is a trade name of PowerOre Inc. PowerOre Inc. assumes

no obligation to update the forward-looking statements, or to update the reasons why actual results

could differ from those reflected in the forward looking-statements unless and until required by

securities laws applicable to PowerOre Inc. Additional information identifying risks and uncertainties

is contained in filings by PowerOre Inc. with Canadian securities regulators, which filings are

available under PowerOre Inc. profile at

www.sedar.com

.

SOURCE

Power Ore

View original content:

http://www.newswire.ca/en/releases/archive/July2020/13/c6725.html

%SEDAR: 00045293E

For further information:

To speak to the Company directly, please contact: Stephen Stewart, Chief

Executive Officer. Phone:

416.644.1571, Email:

[email protected], www.powerore.com

CO: Power Ore

CNW 07:00e 13-JUL-20