Mr. Matt Chatterton reports

POWR LITHIUM DISCOVERS UP TO 1,735 PPM LITHIUM IN MAIDEN DRILLING CAMPAIGN

Powr Lithium Corp. has provided the initial results from a four-hole, 2,899-foot (883.9-metre) HQ core program. The Halo project is located fewer than three kilometres northwest of Tonopah, Nev., and surrounded by several lithium exploration companies with published resources or, at least, discoveries.

Highlights:

• Results from the first drill hole reveal lithium concentrations as high as 1,735 parts per million lithium;
• Lithium-bearing claystone and siltstone were intersected in a 125.4-foot (38.2-metre)-thick (true thickness) package with an average grade of 938.1 ppm Li, starting at 187.0 ft (57.0 m). The initial hole was drilled to a total depth of 503.9 ft (153.6 m);
• Interval contained within broader envelope between 92.8 and 331.0 feet (28.3 to 100.9 m) of greater than 400 ppm Li.

Chief executive officer Matt Chatterton stated, "We are very pleased with these first results."

The inaugural work program on the Halo property consisted of four drill holes, ranging from 503.8 to 804.9 feet (153.6 to 245.4 m) in depth. Drill hole No. Halo-001-23 was positioned closest to the basin's current margin and bottomed in lithic tuff with Li values less than 100 ppm Li. Hole No. Halo-002 through 004 are located farther west and north, revealing greater sediment thickness and, hence, hole depths -- that is, to 770.8 feet (235 m). These greater sediment thicknesses are consistent with results reported by both American Lithium and American Battery Technology located to the north and west, respectively. The importance of this observation will be more carefully considered once all the results have been received.

The company anticipates the assay results for the remaining three holes early in 2024. Upon receipt and quality assurance review of the outstanding assays, the company will complete a comprehensive review and analysis of the results.

"These results are encouraging. They show a substantial sequence of finely laminated lithium-bearing claystone and siltstone. More broadly speaking, these results are similar to the results published by our neighbours including American Lithium (TLC project), American Battery Technology and Tearlach (Gabriel project)," stated Mr. Chatterton.

Qualified person

The technical data in this news release have been reviewed by Robert Johansing, MSc, PGeol (MMSA No. 01520QP), a qualified person under the terms of NI 43-101.

In November, the QP was on site, became familiar with the drill sites and drilling procedures for the Halo project, and witnessed all components of the core logging and sampling procedures conducted at the core storage facility in Tonopah, Nev.

All samples were retrieved by representatives of American Assay Labs and transported to its facility in Sparks, Nev., for the 28-element, four-acid ICP-OES (inductively coupled plasma optical emission spectroscopy) analytical package. Both the company and AAL have inserted standards, blanks and duplicates into the sample sequence for the reported results. These results have been reviewed by the QP, and any sampling or analytical issues have not been observed. A more comprehensive analysis of the data will occur once all the results have been received.

About Powr Lithium Corp.

Powr Lithium is an exploration and development company dedicated to the advancement of North American lithium deposits to support domestic demand. The company holds interests on the Halo and Eli properties in Nevada. The company is also focusing on the development of claystone extraction and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner.

We seek Safe Harbor.