Power Ore Releases Mineralized Sections for Opemiska; Completes Geological Model

Power Ore Releases Mineralized Sections for

Opemiska; Completes Geological Model

TORONTO

,

April 17, 2019

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

PORE) is pleased to announce that it has completed the digitization and resulting geological model

based on all available drilling completed on the Opemiska Copper Complex. The data confirms the

distribution of disseminated material around the veins as well as widespread disseminated

mineralization near the contact with underlying rhyolite, where solutions ponded and deposited

copper-gold mineralization.

"These sections are an important tool that depict our understanding of the mineralization at Opemiska,

and more specifically, the open pit potential on the Springer Mine. Our geological model and sections

represent our understanding of the remaining high-grade veins and disseminated mineralization at

Opemiska. This model is critical to our planning and its sections allow investors to visualize what we

see including the high-grade mineralization, what was mined by

Falconbridge

and perhaps most

importantly the new disseminated zones. When the market considers what we know about this asset

and its high-grade nature relative to our current market cap I think they will see room for considerable

growth," said

Stephen Stewart

, Power Ore's CEO.

Click here to view Opemiska's Vertical Cross Sections

Cross Sections

These four newly created sections depict high-grade mineralization within the veins at Springer, what

has already been mined by

Falconbridge

and the new disseminated mineralized zones.

Opemiska Geological Model Methodology

The 3D geological model of the Springer mine was built on existing mine level plans, vertical cross

sections and longitudinal sections, recovered by the vendor, showing the outlines of the mined-out

stopes. Some digitization had been completed prior to RPA's reports from 2013 and 2014 and we

integrated this work and produced 3D wireframes of the veins and mined-out stopes at Springer using

the three sets of digitized maps. This resulted in a more accurate depiction of the mineralization and

will be used to separately interpolate the high grade copper mineralization in the veins and the

disseminated mineralization in the surrounding intrusion. For estimating the remaining vein material we

can subtract previously mined out stopes (stope volumes) from the mineralized veins (vein volumes),

which ultimately indicates to us that a considerable amount of vein mineralization remains in the

Springer mine and could eventually be extracted by an open pit. Moreover, our original hypothesis

that the disseminated mineralization surrounding the veins in the vicinity of the gabbro-rhyolite contact

is higher grade and more consistent appears to be holding true according to our geological modelling.

The mineral resource estimate at Opemiska will be undertaken as soon as the historical mine assays

can be validated which we expect to achieve with our forthcoming twinned-hole drilling program.

Confirmation of RPA Reports from 2013 and 2014

Power Ore's geological model confirms the work completed by RPA on the Springer and

Perry Mines

in their 2013 and 2014 Reports (as referenced in Power Ore's

March 20, 2019

news release). The

new geological model enables the Company to re-create RPA's processes, with Power Ore's version

of its digital database being more detailed and accurate. Furthermore, Power Ore's geological model

includes drilling completed after 2014 which includes the long and high grade intersections detailed in

Power Ore's

January 17

and

January 24, 2019

news releases. Going forward, Power Ore will use

this model with its own criteria based on its advanced knowledge of Opemiska relative to the RPA

Reports from 2013 and 2014, which were completed on a limited budget.

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 ExIn 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.

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.

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/April2019/17/c4510.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 08:00e 17-APR-19