POWER MINERALS LIMITED — Capital/Financing Update 2024

Jul 3, 2024

Market Announcement

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4 July 2024

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Power Minerals Limited (ASX: PNN) – Trading Halt

Description

The securities of Power Minerals Limited (‘PNN’) will be placed in trading halt at the request of PNN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 8 July 2024 or when the announcement is released to the market.

Issued by

ASX Compliance

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

4 July 2024 ASX Limited

#10756364v1

ASX RELEASE

ASX RELEASE

Request for Trading Halt

4 July 2024

ASX CODE

ASX Listings Compliance 20 Bridge Street Sydney NSW 2000

PNN

REGISTERED OFFICE

Power Minerals Limited 6/68 North Terrace Kent Town SA 5067

t: +61 8 8218 5000 e: admin@powerminerals.com.au w: www.powerminerals.com.au

BOARD

Stephen Ross Non-Executive Chairman

Mena Habib Managing Director

James Moses

Non-Executive Director

PROJECTS

Argentina Salta Lithium Project

Santa Ines Copper-Gold Project

Australia

Eyre Peninsula UraniumHalloysite-REE Project

Power Minerals Limited ( Power ) requests a trading halt be granted by ASX in respect of its securities immediately today on 4 July 2024. The trading halt is requested pending an announcement in relation to a capital raise.

In accordance with ASX Listing Rule 17.1, Power provides the following information.

• Power requests that the trading halt continues until the earlier of commencing of normal trading on 8 July 2024 and when Power makes an announcement to the market and requests the trading halt be lifted;

• Power is not aware of any other information necessary to inform the market about the trading halt; and

• Power is not aware of any reason why the trading halt should not be granted.

Yours faithfully

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Jay Stephenson Company Secretary

Musgrave Nickel-Copper-CobaltPGE Project