POWER METALS CORP. — Capital/Financing Update 2021

Aug 19, 2021

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Power Metals Grants Stock Options

VANCOUVER, BRITISH COLUMBIA – (August 19, 2021) - Power Metals Corp. (" Power Metals Corp. " or the " Company ") (TSX VENTURE:PWM)(FRANKFURT:OAA1)(OTC:PWRMF) announces the grant of 2,500,000 incentive stock options to officers, directors, employees and consultants of the Company. The options are exercisable at a price of $0.22 per share for a period of five years from the date of grant.

About Power Metals Corp.

Power Metals Corp. is a diversified Canadian mining company with a mandate to explore, develop and acquire high quality mining projects. We are committed to building an arsenal of projects in both lithium and high-growth specialty metals and minerals. We see an unprecedented opportunity to supply the tremendous growth of the lithium battery and cleantechnology industries. Learn more at www.powermetalscorp.com

ON BEHALF OF THE BOARD,

Johnathan More, Chairman & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Power Metals Corp. Johnathan More 646-661-0409 info@powermetalscorp.com