Mr. Matt Chatterton reports

POWR LITHIUM BUILDS ON DISCOVERY WITH COMPLETE RESULTS FROM PHASE 1 MAIDEN DRILLING CAMPAIGN

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

Highlights:

• Four HQ core holes have been completed and show comparable results with neighbouring properties in what is likely the same geologic unit.
• Hole No. Halo-003-23 intersected a true thickness of 62.2 metres (204 feet) at 994 parts per million lithium.
• Hole No. Halo-004-23 intersected 19.8 metres (65 feet) of 1,368 ppm lithium where the hole was lost due to bad drilling conditions. The bottom seven metres of the holes contained 1,698 ppm Li.

Chief executive officer Matt Chatterton states: "With these very positive results, we are well positioned to prepare for a phase 2 drilling program in 2024 once the conditions permit. With the drill permit in hand and logging facilities established in Tonopah, the task at hand is to strategically locate the next holes to initiate resource modelling."

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. The results for phase 1 are shown in the attached table. The Siebert formation, which hosts the claystone sequence, thickens to the west toward the centre of the Montezuma valley. 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 number Halo-002 thru -004 are located farther west revealing greater sediment thickness and, hence, hole depths, for example to 770.8 feet (235 m).

Hole No. Halo-004-23, the farthest west hole, was lost in broken ground with the bottom seven metres containing nearly 1,700 ppm Li. This hole is located about 1.8 km east of the American Battery Technology claim block and 0.9 kilometre south of the American Lithium claim block. Since the hole was unable to enter the lower tuff unit and exit the lithium-bearing claystone, it will need to be redrilled in 2024.

Reclamation was completed on the four drill sites prior to the arrival of winter conditions.

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 National Instrument 43-101.

In November, the QP was on site and 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 (AAL) 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.

Review of the logging, sampling and security procedures, along with the QA/QC (quality assurance/quality control) data for sample preparation and chemical analyses, has not identified any issues that would impact these results.

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.