Mr. Terry Lynch reports

POWER METALLIC ANNOUNCES MARKETING PROGRAMS

Power Metallic Mines Inc. has entered into a service agreement with Native Ads Inc. dated Aug. 27, 2026, pursuant to which Native Ads will provide a marketing campaign for a total retainer of up to $200,000 (U.S.), with a term of up to 18 months or until the retainer is depleted. Under the agreement, Native Ads will execute a comprehensive digital media advertising campaign for the company, where approximately 75 per cent of the campaign budget will be allocated to cost per click expenses, media buying and content distribution, and search engine marketing. The remaining budget will be allocated for content creation, Web development, advertising creative development, search engine optimization, campaign optimization, and reporting and data insight services. Native Ads is a full-service advertising agency based out of New York and Vancouver, B.C. Native Ads and its principal Jon Malach are arm's length to the company, and hold no interest, directly or indirectly, in the securities of the company or any right to acquire such an interest. The engagement of Native Ads by the company is subject to the approval of the TSX Venture Exchange.

The company has engaged the investor relations services of Ora IR Services Inc. at a cost of $20,000 a month for a period of six months commencing Sept. 1, 2026, with an option to extend at the company's sole discretion. Ora is a company controlled by Geoff Skinner and based in British Columbia. Ora is providing various services in connection with the company's shareholder communications and investor outreach initiatives and supporting the company's market visibility and engagement across multiple platforms. The engagement of Ora is subject to the approval of the TSX-V.

The company is presenting at the Emerging Growth Conference, the world's largest virtual investor conference, on Sept. 24, 2026, at a cost of $4,400.

Power Metallic has entered into an on-line advertising and marketing agreement with Agora Internet Relations Corp. for a 12-month digital marketing program commencing Aug. 30, 2026. The program includes artificial-intelligence powered content creation and engagement, social media distribution, executive interviews, and video content, search and AI answer engine optimization, and a customized Hub and Verified Forum designed to support investor awareness and shareholder engagement. Under the agreement, Agoracom will receive aggregate compensation of $125,000 plus HST, payable through shares for services in accordance with TSX Venture Exchange Policy 4.3.

The company is attending several conferences in the fall winter session, including Beavercreek, Precious Metal Summit, Luxembourg Natural Resource, New Orleans Investment Conference, and Mines and Money London with an estimated total cost of approximately $75,000 (U.S.).

"We have an action packed next several months with a number of catalysts starting with the inaugural MRE on the Lion zone and our high-graded Nisk project. Will be following that up with updates on our exploration program at Nisk, an update on our progress in the Kingdom of Saudi Arabia and also on our investment in Chilean Metals.

"To make sure we are engaging with investors as the company transitions from pure exploration by adding development progress on Nisk, we have committed to these steps to advance understanding of our company, and its progress in what we see is a robust capital market for a company positioned with the assets we are advancing," commented chief executive officer Terry Lynch.

Further to the company's disclosure on July 30, 2026, about its arrangement with Red Cloud Securities Inc. for market stabilization services, the company and Red Cloud have modified the fee arrangement such that the fees for such services are payable monthly in advance, rather than quarterly in advance.

About Power Metallic Mines Inc.

Power Metallic is a Canadian exploration company focused on advancing the Nisk project area (Nisk-Lion-Tiger) -- a high-grade copper-platinum group elements, nickel, gold and silver system -- toward Canada's next polymetallic mine.

On Feb. 1, 2021, Power Metallic (then Chilean Metals Inc.) secured an option to earn up to 80 per cent of the Nisk project from Critical Elements Lithium Corp. Following the June, 2025, purchase of 313 adjoining claims (approximately 167 square kilometres) from Li-FT Power, the company now controls approximately 330 square kilometres and roughly 50 kilometres of prospective basin margins.

Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs. Beyond the Nisk project area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50-per-cent share ownership position in Chilean Metals, which were spun out from Power Metallic through a plan of arrangement on Feb. 3, 2025.

It also owns 100 per cent of Power Metallic Arabia, which owns a 100-per-cent interest in the Jabul Baudan exploration licence in the Kingdom of Saudi Arabia's Jabal Said belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper, gold and zinc mineralization. The region is known for its massive volcanic sulphide deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit.

Quality assurance/quality control and sampling

GeoVector Management Inc. is the consulting company retained to perform the actual drilling program, which includes core logging and sampling of the drill core.

All core in this news release is either HQ or NQ sized core. Drill core is refitted and measured. Geotech on core includes photographs (wet and dry), rock quality index, magnetic susceptibility, conductivity and recovery estimates. Core is logged for lithology, mineralogy and structural features, and sample intervals are delineated and tagged.

Sampled core is mechanically sawn, and half-core is retained for future reference. GeoVector's QA/QC program includes regular insertion of CRM standards, duplicates and blanks into the sample stream with a stringent review of all results. QA/QC and data validation was performed, and no material errors were observed.

All samples were submitted to and analyzed at Activation Laboratories Ltd., a commercial laboratory independent of Power Metallic with no interest in the project. Actlabs is an ISO 9001 and 17025 certified and accredited laboratory. Samples submitted through Actlabs are run through standard preparation methods and analyzed using RX-1 (dry, crush (fewer than seve kilograms) up to 80 per cent passing two millimetres, riffle split (250 grams) and pulverize (mild steel) to 95 per cent passing 105 micrometres) preparation methods, using 1F2 (ICP-OES) and 1C-OES -- four-acid near total digestion plus gold-platinum-palladium analysis and 8-Peroxide ICP-OES, for regular and overdetection limit analysis. Pegmatite samples are analyzed using the UT7 -- lithium up to 5 per cent, rubidium up to 2 per cent method. Actlabs also undertake its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration.

We seek Safe Harbor.