Power Ore Releases a Comprehensive Review of the Potential of Disseminated Mineralization at Opemiska Copper Complex

Power Ore Releases a Comprehensive Review

of the Potential of Disseminated Mineralization

at Opemiska Copper Complex

TORONTO

,

March 12, 2019

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

PORE) is pleased to announce that its ongoing compilation of historical drill results and 3D modelling

of the Springer and Perry mine geology is highlighting a large number of wide (defined as 20 metres

or longer) disseminated mineralized drill intersections on the Springer mine. Figure 1 shows the

locations of the significant composite intervals and grade obtained in the drilling on the Springer Mine

and Tables 1 and 2 list the composite intervals for the Explorateurs et Innovateurs de Québec inc

("Ex-In") and

Falconbridge

mine data.

"In our

February 4

news release, we showed that sampling in the early decades of the mine focused

on high grade veins and that much of the low grade, disseminated copper mineralization in surface

and underground drilling was left unsampled. We are keen to evaluate this aspect of the historical

drilling as it pertains to our attempts at estimating an open-pitable resource on the Springer mine,"

said

Charles Beaudry

, M.Sc., PGeo and géo, Director and VP Exploration for Power Ore.

Location of Significant Composite Intervals and Grade at Springer Mine (Figure 1)

Composite Diamond Drill hole Intervals Completed by Ex-In (Table 1)

CuEq (%)

Copper (%)

Gold (gpt)

Silver (gpt)

Interval (m)

From (m)

To (m)

Hole Id

2.49

1.58

1.23

6.17

21.6

78.0

99.6

OP-2016-01

2.48

0.66

2.59

0.67

24.0

40.5

64.5

OP-2010-12

2.24

2.05

0.17

8.3

20.6

6.0

26.6

OP-2016-07

1.85

1.39

0.6

4.93

52.4

7.6

60.0

OP-2016-08

1.44

1.04

0.58

0

21.0

87.0

108.0

OP-2010-14

1.42

0.77

0.93

0.03

40.5

61.5

102.0

OP-2010-13

1.04

0.7

0.42

5.11

78.0

6.0

84.0

OP-2010-03

1.02

0.86

0.19

2.98

81.0

3.0

84.0

OP-2015-01

0.72

0.55

0.24

0

81.0

18.0

99.0

OP-2010-15

0.68

0.53

0.22

0.08

37.5

28.5

66.0

OP-2010-11

Composite Diamond Drill Hole Intervals Completed by

Falconbridge

(Table 2)

CuEq

(%)

Interval

(m)

From

(m)

To

(m)

Hole

Id

CuEq

(%)

Interval

(m)

From

(m)

To

(m)

Hole

Id

1.00

22.6

47.5

50.3

S21

0.49

32.9

31.1

32.4

S523

0.98

21.0

14.0

15.0

S926

0.47

25.6

85.0

86.4

S757

0.92

25.9

138.4

140.5

S157

0.47

22.9

23.1

24.1

S720

0.88

26.8

68.2

69.6

S187

0.45

35.4

17.5

19.1

S591

0.83

50.8

177.4

179.1

S136

0.45

20.7

13.3

14.7

S767

0.75

22.6

48.1

50.1

S149

0.45

20.1

152.3

153.7

S271

0.71

32.9

75.6

77.4

S145

0.44

24.7

23.1

24.2

S590

0.70

40.8

28.4

29.6

S654

0.44

31.1

102.4

103.7

S753

0.70

51.2

28.8

29.7

S721

0.43

45.0

68.3

69.6

S951

0.68

42.7

54.8

56.1

S768

0.43

51.2

88.6

90.0

S751

0.67

43.6

24.1

25.5

S763

0.43

24.1

39.6

41.1

S285

0.65

28.0

37.4

38.2

S812

0.43

24.7

17.8

19.1

S960

0.63

26.2

14.1

15.1

S600

0.43

25.8

115.9

116.8

S942

0.63

20.1

92.6

93.9

S252

0.42

50.9

27.8

29.2

S760

0.63

48.3

69.9

71.1

S803

0.42

20.0

19.0

19.6

S712

0.62

25.6

24.3

25.7

S595

0.41

40.5

43.1

44.4

S762

0.62

28.0

17.7

18.9

S657

0.39

52.1

30.0

31.3

S758

0.61

37.8

31.7

32.9

S764

0.39

27.7

56.3

57.4

S861

0.60

23.3

37.4

38.3

S802

0.38

58.5

41.4

42.7

S953

0.60

33.8

56.3

57.4

S754

0.38

40.8

21.6

22.9

S765

0.59

59.4

73.8

75.2

S755

0.37

35.4

84.7

86.0

S543

0.57

46.6

26.4

27.6

S769

0.37

29.6

23.3

24.6

S952

0.56

38.6

32.0

33.1

S652

0.34

25.2

119.8

120.8

S615

0.55

23.5

12.5

14.0

S592

0.34

24.4

27.9

28.9

S601

0.55

84.1

42.3

43.6

S761

0.31

24.4

55.1

56.4

S759

0.55

30.3

121.0

122.1

S941

0.30

71.3

146.2

148.0

S375

0.54

21.5

113.8

115.0

S542

0.29

22.6

22.2

23.6

S887

0.53

58.8

31.2

32.6

S808

0.28

37.8

28.0

29.3

S954

0.51

60.1

41.6

42.9

S757

0.28

27.4

19.5

20.7

S598

0.50

40.2

85.9

87.2

S765

0.27

41.5

238.6

240.6

S410

0.50

46.6

49.2

50.4

S804

0.26

23.2

75.4

77.0

S894

0.50

66.1

35.6

36.6

S810

0.21

23.8

104.9

106.7

S356

0.50

20.4

58.0

59.4

S284

Implication for Resource Modelling on the Historical Springer Mine

These results are being used for planning purposes in designing Opemiska's upcoming drill program.

This drill program will be divided between identifying additional areas of broadly disseminated

mineralization which could be included in an eventual open pit-based mineral resource estimation and

a twin hole drill program to validate the mine assays. The automatically calculated composites will not

be used for any other purpose.

The results confirm that there is abundant disseminated mineralization on the edges of the glory hole

on #3 Vein and that wide disseminated mineralization has been confirmed in the vicinity of #0 Vein to

the north and near #4 Vein in the south. Elsewhere the Ex-In drilling intersected narrower zones but

often with very high grades in the crown pillars of the principal named veins. Our current 3D modelling

is striving to exactly define the veins and the mined out stopes in order to domain the veins for

interpolation purposes. The 3D modelling is being done using scanned 2D plans and sections from

the old mine and work is ongoing with Veins #1, #2 and #3 completed and the other veins expected to

be completed in the coming week.

Review of Disseminated Mineralization in Historical Drilling

The historical Falconbridge Mine and Ex-In diamond drilling database contains 14,516 drill holes

totaling 853,267 metres both on surface and underground with a total of 303,909 samples analysed

for copper (218,909 samples with more than trace value), 21% assayed for gold and 26% assayed

for silver. Occasionally, when visible cobalt mineralization was observed the core was assayed for

cobalt.

For the drilling undertaken by Ex-In, Power Ore manually compiled the composite mineralized intervals

over 20.0 metres in width. No lower assay cut off grade was used but composites were limited to

intervals above a nominal 0.5% average copper cut off grade. For the

Falconbridge

mine data we

used data mining techniques in this investigative phase of the project. To get a better sense of the

disseminated mineralization we carried out an automatic calculation of the composite intervals using a

top cut of 1% copper equivalent for any high grade samples (to reduce the influence of assays in

mined out stopes), and calculated an overall composite copper equivalent grade using a very low cut-

off at 0.05% copper-equivalent in order to ensure we generate the widest possible mineralized

interval irrespective of grade.

65 surface holes (out of 837 surface drill holes) returned composites over 20 metres in length with a

grade above 0.2% Copper Equivalent(*).

*We used Cu, Au and Ag price of US$2.65, US$1,274 and US$15.74, respectively.

Copper Equivalent ("Cu Eq.") grade including gold and silver based on 100% recoveries is

calculated using the following equation: Cu Eq. = [(Cu % * 20 * Cu price) + (Au gpt / 34.2857 x Au price per ounce) + (Ag gpt / 34.2857 x Ag price per ounce)] / (20 x Cu price).

About Opemiska Copper Mine 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 project consists of 11 mining claims and covers the past producing

Springer & Perry 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.

Opemiska was mined by

Falconbridge

as a high-grade underground mining operation and was in

production for over 35 years prior to Ex-In acquiring the property in 1993.

QP Statement and Note on Falconbridge Mine Assays

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."

With respect to the results from the drilling by Explorateurs et Innovateurs de Québec inc ('Ex-In') we

have all the original assay certificates and we have reviewed all the available QC results which

included standards, blanks and duplicates. All the pulps and rejects from all the Ex-In drilling are

available as well as all the core and we plan on resampling the pulps with rigorous QAQC protocols in

order to be able to use these drill results in any future resource estimation. Regarding the

Falconbridge Mine assays, none of the assays compiled from the

Falconbridge

historical mine drilling

have been validated at this time because of absence of any core left over from the mine operations.

However the sampling already done by Ex-In, which confirmed the copper grades in many areas of

the historical Springer mine they drilled as well as the records preserved from the old mine, including

annual grade reconciliations, give us the confidence to use the data « as is » until a proper validation

drilling campaign (up to 20 short diamond drill holes planned for May and June) can provide the basis

to validate all the mine assaying for initial resource estimation purposes. We are using these

historical assays for data mining purposes to help provide some constraints for the development of

our hypotheses concerning the Opemiska Copper Project and in particular the distribution of

disseminated mineralization, which was generally not mined in the underground operations.

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

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http://www.newswire.ca/en/releases/archive/March2019/12/c5396.html

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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 08:00e 12-MAR-19