Power One Resources Corp. — Capital/Financing Update 2026

Jan 23, 2026

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Power One Resources Corp.

200 – 3310 South Service Road Burlington, ON L7N 3M6 Vancouver: (604) 716-1036 Burlington: (905) 681-1925

Website: www.p1rc.com Email: info@p1rc.com

NEWS RELEASE TSX-V: PWRO

POWER ONE ANNOUNCES WARRANT EXTENSION AND REPRICING

Burlington, ON, January 22, 2026 – Power One Resources Corp. (PWRO: TSX-V) ("Power One" or the "Company") announces that the Company intends to extend the expiry date and amend the strike price of a total of 11,188,846 share purchase warrants exercisable at \$0.50 per share expiring on January 18, 2026 (the "Warrants"). The Warrants were issued pursuant to private placements initially prior to the Company's listing on the TSX Venture Exchange ("TSXV").

The Company proposes extending the expiry dates as allowed by TSXV policies, resulting in expiry dates as follows:

• 1,030,000 Warrants issued November 21,2021, extended to November 21, 2026.
• 1,000,000 Warrants issued February 18, 2022, extended to February 18, 2027.
• 9,158,846 Warrants issued March 23, 2022, extended to March 23. 2027.

The Company intends to reprice a total of 11,188,846 Warrants to an exercise price of \$0.15 per share. All other terms and conditions of the Warrants remain unchanged. The extension and repricing of the Warrants is subject to approval of the TSXV.

The Warrants have expired but the Company made application for extension and repricing of the Warrants within the timelines pursuant to the policies of the TSXV.

About Power One

Power One Resources Corp. is a resource issuer listed on the TSX Venture Exchange under the symbol (PWRO). The Company's flagship asset, the Pecors Property spans an 18 km by 4 km magnetic anomaly in the Elliot Lake uranium camp, one of Canada's most prolific uranium districts. The project lies just east of the Eco Ridge deposit (see Radio Fuels Resources Corp.). After drilling the first gold discovery ever recorded on the property, the Company believes Pecors represents a true polymetallic discovery, with potential for Ni-Cu-PGMs largely untested during historic uranium mining. The property also contains a historical, non-NI 43-101 uranium estimate by Rio Tinto in 1977 of 20 million tons grading 0.037% U₃O₈ (14.8 million pounds), recorded in the Ontario Minfile database (Minfile: MDI41J08NW00060). Power One treats this strictly as historical information only; a Qualified Person has not verified it as a current mineral resource.

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ON BEHALF OF THE BOARD

Power One Resources Corp. "Wazir Khan" Wazir Khan President, CEO and Director

Tel: 604 716 0551 Email: k@r7.capital

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

Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.