20 September 2021

Power Metal Resources plc

("Power Metal" or the "Company")

Communications Update

Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces a communications update.

Corporate Website and Presentation

Investors may refer to the Company's website for further information on the Company, the project portfolio and exploration/corporate activities.

The Company maintains an updated Corporate Presentation which may be viewed through the following link:

https://www.powermetalresources.com/presentation/

Investor Webinar

Power Metal Chief Executive Officer Paul Johnson and Exploration Manager Oliver Friesen will be presenting to investors at the London South East Investor Webinar starting at 6pm on 21 September 2021. Investors wishing to register for this event may do so through the following link:

https://us02web.zoom.us/webinar/register/2016321247616/WN_8Ryghu5SSKqJNgc7upuzQQ

Quarterly Reporting

Recognising the extensive exploration operations and corporate activities underway, Power Metal is to provide a regular quarterly Business and Operational Update (the "Quarterly Update") at the end of each calendar quarter.  The first Quarterly Update will be provided on Thursday 30 September 2021.

The Quarterly Updates will provide a detailed review of business operations in the past quarter and a summary of non-material business developments. Material developments in respect of business operations, exploration programmes and corporate activities will continue to be released as required via specific regulatory market announcements.

For further information please visit https://www.powermetalresources.com/ or contact:

Notes to Editors:

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa and Australia.

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.

Value generated through disposals will be deployed internally to drive the Company's growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.