Power Metallic Announces AGSM Meeting Results & Update On NYSE Process

TORONTO, Nov. 25, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the voting results from its Annual General and Special Meeting ("AGSM") held on November 20, 2025 in Toronto, Ontario.

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Power Metallic Intercepts 5.35 Meters of 11.97% Cu (16.35% CuEqRec) in Hole 25-022 Infill Drilling Expanding the Lion Zone and Updates on Fall/Winter Drill Program and Land Assembly

TORONTO, Nov. 4, 2025 - Power Metallic Mines Inc.(the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to provide a release of assays from its summer drill program, an update on its land assembly activities together with an outlook to the fall and winter key exploration objectives.

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Power Metallic Initiates Metallurgical Testing of Lion Deposit Phase 1 Metallurgy Recovery Contracted to SGS Canada Inc., Quebec City, QC and Lakefield, ON

TORONTO, Oct. 16, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) Power Metallic is pleased to provide an update on preliminary metallurgical studies being performed by SGS Canada Ltd at its laboratories based in Quebec City, QC, and Lakefield, ON.

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Power Metallic Reports High Grade Assays and Provides Summer Update

TORONTO, Sept. 22, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the completion of the summer drill program and the return of five (5) holes from the 2025 drill campaign focused on the Lion Zon. The summer program included the drilling of 34 holes for a total of 17,250 meters drilled. Three (3) holes were in progress when the drilling season ended due to Moose Break on September 15th. Of the 34 holes, 13 holes were surveyed with Bore Hole Electromagnetic (BHEM). Summer program drilling focus areas can be seen over the entirety of Power Metallic's land package (Figure 1 Land package overlain on basin geology with summer program drill locations). Table 1 lays out the summer program target zones, hole identified, depth and BEHM survey status.

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Power Metallic Appoints Retired Federal Minister Seamus O'Regan to Board

TORONTO, Aug. 26, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) Power Metallic is pleased to announce the appointment of Seamus O'Regan to its board.

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Power Metallic Demonstrates Positive Initial Mineralogy Results - PGE Enrichment Associated with Chalcopyrite and Cubanite

TORONTO, July 23, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) Power Metallic is pleased to provide an update on preliminary mineralogy scans preformed by IOS Geosciences based in Chicoutimi, Quebec.

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Power Metallic Closes on Li-FT Power Land Acquisition

TORONTO, July 14, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) Power Metallic is pleased to announce it has closed on the definitive agreement dated June 9, 2025 to acquire a 100% interest in 313 mineral claims totalling 167 km² from Li-FT Power Ltd. ("Li-FT") (TSXV: LIFT) (OTCQX: LIFFF) (FRA: WS0). The claims adjoin the Company's 45.86km² Nisk property, where exploration is expanding the high–grade Lion Cu–PGE discovery and the Nisk Cu–Ni-PGE-Co deposit. Power Metallic currently holds ~212.86 km² of land in the Nisk camp, securing approximately 20 km of strike on the northern basin margin and 30 km on the southern margin that envelope the Nisk, Lion, and Tiger discoveries.

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Power Metallic Provides an Update on Summer 2025 Exploration Programs at Nisk Project

TORONTO, July 10, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVV) Power Metallic is pleased to provide an update on the current exploration activity (Q2-Q3 2025) and the planned scaling up of exploration programs in Q3-Q4 of 2025.

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Power Metallic Awarded Jabal Baudan Exploration License in Saudi Arabia's Jabal Sayid Belt

TORONTO, June 16, 2025 - Power Metallic Mines Inc. ("Power Metallic" or the "Company") (TSXV: PNPN), a leading exploration and development company, is proud to announce that it has been awarded the exploration license for the Jabal Baudan project in Saudi Arabia's Jabal Sayid Mineralized Belt. This historic milestone positions Power Metallic as one of the few foreign companies with mining concessions in the Kingdom of Saudi Arabia, having secured a successful bid in this prestigious licensing process.

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Power Metallic Acquires 167KM² from Li-FT Power, Expanding Nisk - Lion Polymetallic Project Area by over 300%

TORONTO, June 9, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has executed a definitive agreement dated June 9, 2025 to acquire a 100% interest in 313 mineral claims totalling 167 km² from Li-FT Power Ltd. ("Li-FT") (TSXV: LIFT) (OTCQX: LIFFF) (FRA: WS0). The claims adjoin the Company's 45.86 km² Nisk property, where exploration is expanding the high–grade Lion Cu–PGE discovery and the Nisk Ni–Cu–Co deposit. On closing, Power Metallic's land position will grow more than 300% to ~212.86 km², securing approximately 20 km of strike on the northern basin margin and 30 km on the southern margin that envelope the Nisk, Lion, and Tiger discoveries.

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Power Metallic intercepts 12.54 meters of 10.99% CuEq at the Lion Zone and 11.25m of 1.22% CuEq at Nisk East - First Lion Like Mineralization Intercepted near the Nisk Zone

TORONTO, June 4, 2025 /CNW/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the return of the final 11 holes from the winter 2025 drilling campaign focused on the Lion Zone (9 holes) and Nisk East (2 holes). The nine holes at lion (PML-25-005 to 013) were testing multiple areas of the Lion Zone, including the down plunge extent, shallow sub-crop projections, in-fill drilling of the Lion Zone, and testing of off-hole EM (BHEM) anomalies west of Lion (Table 1). The general location of the drilling in this news release for the Lion Zone and Nisk East Zone is shown in Figure 1.

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Power Metallic Expands the Lion Zone - Exceptionally High Copper & Gold Grade Kicks on Deep Eastern Margin of Zone

TORONTO, April 30, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the return of 5 holes from the winter 2025 drilling campaign focused on the Lion Zone. The five holes (PN-25-096, 097, 100; and PML-25-001 and 002) were testing the down plunge extent of the Lion Zone, and a large off-hole EM (BHEM) anomaly detected in drill hole PN-24-093. All holes hit Lion style polymetallic mineralization (Table 1).

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Power Metallic Expands the Tiger Zone - First Indications of Lion Style Copper Dominant Mineralization at Tiger

TORONTO, April 17, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSX-V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the return of 4 holes from the winter 2025 drilling campaign focused on the Tiger Zone. The four holes (PN-25-098, 099, 101, 102) were testing off-hole EM (BHEM) anomalies generated from previously reported drill holes PN-24-090 and 094 (news release March 25, 2025). All holes hit Lion style polymetallic mineralization (copper dominant) at shallow vertical depths from 50-100 meters below surface.

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Power Metallic named to 2025 TSX Venture 50 amid breakthrough discoveries at Nisk

Power Metallic Mines Inc. (TSXV: PNPN | OTCBB: PNPNF | Frankfurt IVV) is a Canadian junior exploration company focused on developing the high-grade Nisk project in Quebec into Canada’s first carbon-neutral nickel mine.

The 2025 Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. The ranking is comprised of 50 companies selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. Power Metallic proudly announced that the company has been named to the 2025 TSX Venture 50 list.

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Power Metallic Expands the Lion Zone with Deepest Assayed Intersection to Date and Delivers Initial Ni/Cu Assays from the Tiger Zone

TORONTO, March 25, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the return of 6 holes from the fall 2024 drilling campaign. Four holes were testing multiple target areas in the Lion zone (holes PN-24-086, 087, 092, 093), and two holes tested the Tiger target (PN-24-090 and 094).

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Power Metallic Expands the Lion Zone with Deepest Assayed Intersection to Date and Delivers Initial Ni/Cu Assays from the Tiger Zone

TORONTO, March 25, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the return of 6 holes from the fall 2024 drilling campaign. Four holes were testing multiple target areas in the Lion zone (holes PN-24-086, 087, 092, 093), and two holes tested the Tiger target (PN-24-090 and 094).

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Power Metallic to Increase From 3 to 6 Drill Rigs at the Nisk Project

TORONTO, March 17, 2025 - Power Metallic Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to provide an update on the current exploration activity (Q1 2025), and the planned scaling up of exploration programs beginning in Q2 of 2025.

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Power Metallic Announces Closing of Private Placement for Aggregate Gross Proceeds of C$50 Million

TORONTO, Feb. 27, 2025 - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to announce that it has closed its previously announced "best efforts" private placement offering (the "Offering") for aggregate gross proceeds of C$49,999,800. Under the Offering the Company issued (i) 14,135,000 flow-through shares (the "FT Shares") at a price of C$2.83 per FT Share, for gross proceeds of C$40,002,050, and (ii) 6,895,000 non-flow-through common shares (the "HD Shares" and together with the FT Shares, the "Offered Securities") at a price of C$1.45 per HD Share, for gross proceeds of C$9,997,750.

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Power Nickel Recognized as a 2024 Top 50 Performer on the TSX Venture Exchange and Ranked #1 Mining Company

TORONTO, Feb. 20, 2025 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt IVV), is pleased to announce that it has been recognized as one of the 2024 top 50 performers on the TSX Venture Exchange ("TSXV"), with an outstanding 365% share price appreciation in 2024. The Company was ranked the top mining company and fourth overall.

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Power Nickel Announces Change Of Name To Power Metallic Mines Inc.

TORONTO, Feb. 19, 2025 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV0) is pleased to announce that it has received approval from the TSX Venture Exchange to change the Company's name to "Power Metallic Mines Inc." (the "Name Change").

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Power Nickel Announces Up to C$10 Million Upsize on Its Previously Announced Best Efforts Private Placement

TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Power Nickel Inc. (the "Company" or “Power Nickel”) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that due to significant demand, it has decided to upsize its previously announced “best efforts” private placement offering (the “Offering”) by up to C$10 million, bringing the aggregate total proceeds of the Offering up to C$50 million. The Offering consists of (i) the previously announced C$40 million of Quebec flow-through shares (the "FT Shares") and, (ii) up to C$10 million of non-flow through common shares (the "HD Shares" and together with the FT Shares, the "Offered Securities"). The price of the Offered Securities is C$2.83 for each FT Share and C$1.45 for each HD Share.

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Power Nickel Prices Approximately C$40 Million Best Efforts Private Placement

TORONTO, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Power Nickel Inc. (the "Company" or “Power Nickel”) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) has announced today the pricing of its previously announced “best efforts” private placement offering (the “Offering”) for a total of 14,135,000 Quebec flow-through shares (the "FT Shares"), at a price of C$2.83 for each FT Share, for the aggregate proceeds of approximately C$40 million.

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Power Nickel Announces Up To C$45 Million Best Efforts Private Placement

TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Power Nickel Inc. (the "Company" or “Power Nickel”) (TSXV:PNPN) (OTCBB:PNPNF) (Frankfurt: IVV) has announced today that it has entered into an agreement with BMO Capital Markets and Hannam & Partners to act as joint bookrunners (together with a syndicate of agents, the “Agents”) in connection with a “best efforts” private placement offering by the Company of securities for aggregate proceeds of up to C$45 million, consisting of (i) up to C$37 million of Quebec flow-through shares (the "FT Shares") and, (ii) up to C$8 million of hard dollar shares (the "HD Shares" and together with the FT Shares, the "Offered Securities"). The price of the Offered Securities will be determined in the context of the market.

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Power Nickel Hole PN-24-095a Delivers 10.60% CuEq1 over 5.35 Metres Within 3.61% CuEq1 over 19.40 Metres

TORONTO, Feb. 5, 2025 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the return of the 5 holes of the fall campaign. These holes were testing multiple targets in the Lion zone area.

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Power Nickel and Chilean Metals Announce Completion of Spin-Out

TORONTO, Feb. 3, 2025 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) and Chilean Metals Inc. ("Chilean Metals") are pleased to announce that they have completed the previously announced strategic reorganization of their business pursuant to which the Golden Ivan Property and certain Chilean assets and liabilities have been spun out to Power Nickel shareholders (the "Spin-Out") through Chilean Metals.

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Power Nickel Provides Update on Spin-Out of Golden Ivan Property and Chilean Assets

TORONTO, Jan. 31, 2025 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that, further to the Company's press releases dated December 5, 2024 and January 16, 2025, the previously announced plan of arrangement (the "Arrangement"), whereby Power Nickel will spinout (the "Spin-Out") the Golden Ivan Property and certain Chilean assets and liabilities to Chilean Metals Inc. ("Spinco", a wholly owned subsidiary of the Company), is expected to become effective at 12:01 a.m. PST on February 3, 2025 (the "Effective Time").

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Power Nickel Update - Following up on 2024 Drill Successes, Expanding Exploration Target Areas, and Announcing a New Discovery 700 Metres East of The Lion Zone

TORONTO, Jan. 27, 2025 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the beginning of the 2025 winter drill campaign on the Nisk project with hole PN-24-96 (Figure 1). This hole will be testing the depth extension along the trend of the Lion zone, following up on successful drilling of high-grade Cu and precious metal (Pd, Pt, Au, Ag) discovered in 2024 drill holes (See some highlights below and Table 2).

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Power Nickel Hole 79 Delivers 6.26% CuEq1 over 10.25 Metres Within 4.29% CuEq1 over 20.05 Metres; Winter 2025 Drill Campaign Begins

TORONTO, Jan. 21, 2025 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the return of the 3 holes of the fall campaign. These holes were testing the depth and western extensions of the Lion zone.

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Power Nickel appoints Joe Campbell as VP Exploration

TORONTO, Jan. 17, 2025 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the appointment of Industry veteran Joe Campbell, BSc, P. Geo as Vice President of Exploration.

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Letter to the Shareholders of Power Nickel Inc.

TORONTO, Jan. 16, 2025

Dear Shareholders:

As you know, the shareholders of Power Nickel Inc. ("Power Nickel" or the "Company") held their Annual General and Special Meeting on November 22, 2024 (the "AGSM"). During the AGSM, the shareholders approved a special resolution for a plan of arrangement whereby the Company will spin-out its Golden Ivan property and certain Chilean exploration assets to Chilean Metals Inc. ("Chilean Metals" or "Spinco"), a wholly owned subsidiary of the Company (collectively, the "Arrangement"). On November 27, 2024, the Company obtained a final order from the Supreme Court of British Columbia approving of the Arrangement.

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Power Nickel Hole 78 Delivers over 29.5 Metres Wide Polymetallic Zone with Grades ranging from 2.3%-11% CuEq

TORONTO, Dec. 18, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the return of the first 2 holes of the fall campaign. Hole PN-24-076 reported no material results. Hole PN-24-078 results are outlined in Highlights and Table 1.

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Power Nickel Release Lion Zone Core Pictures Showcasing Success on Deepest Holes with Significant Mineralized Intersections 125 Metres Down Dip

Toronto, Ontario – December 12, 2024 – Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVV) is pleased to announce that drilling has confirmed the presence of mineralization 125 meters below and 75 m west of the currently discovered Lion Zone and intercepted 7 meters (Hole 93) and 13 meters (Hole 95A) of the mineralized geologic unit. They extend the depth of the Lion Zone mineralized unit down to six hundred metres below surface.

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Power Nickel Announces Shareholder Approval and Court Approval of Spin-Out of Golden Ivan Property and Chilean Assets

TORONTO, Dec. 5, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that the shareholders of Power Nickel (the "Shareholders") have approved the previously announced plan of arrangement (the "Arrangement") pursuant to which the Company's interest in the Golden Ivan property, along with certain Chilean exploration assets and liabilities, will be spun out to Power Nickel shareholders (the "Spin-Out") through the Shareholders receiving common shares in Chilean Metals Inc., a wholly owned subsidiary of the Company ("Spinco" or "Chilean Metals").

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Power Nickel Completes Hole 80 Stepping Out an Additional 150 Meters Along Strike West from the Lion Zone at the Nisk Project

Toronto, Ontario December 2, 2024 – Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVV) is pleased to present a thorough exploration update on its discovery of the Lion Zone at its Nisk Project near Nemaska Quebec. The Company is also pleased to be publishing the drill assay database to date for the Lion Zone on the company’s website.

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Power Nickel Engages Jon Christian Evensen as Strategic Advisor

TORONTO, Nov. 27, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has engaged Jon Christian Evensen as Strategic Advisor to the Company.

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Lion Zone Discovery Roars Again ! - 19.6 Metres @ 3.82% CuEq

TORONTO, Nov. 11, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the third set of assay results obtained for two more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.

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Power Nickel Announces Biggest Intersection Yet!

TORONTO, Oct. 28, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the third set of assay results obtained for two more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.

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Power Nickel Announces Execution of Arrangement Agreement for Spin-Out of Golden Ivan Property and Chilean Assets

TORONTO, Oct. 18, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the Company has entered into an arrangement agreement for a strategic reorganization of its business pursuant to which the Company's interest in the Golden Ivan property, along with certain Chilean exploration assets and liabilities, will be spun out to Power Nickel shareholders (the "Spin-Out") through Chilean Metals Inc., a wholly owned subsidiary of the Company ("Spinco").

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Power Nickel Announces Biggest Intersection Yet - Major Advancements at the Lion Zone!

TORONTO, Oct. 3, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the second set of assay results obtained for three more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.

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Power Nickel Announces New Assay Results from its Polymetallic Lion Zone Discovery

TORONTO, Oct. 1, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the assay results obtained for the first five holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.

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Power Nickel Summer Drilling Program Expands The High Grade Polymetallic Lion Zone by 50%

TORONTO, Sept. 10, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that 10 out the 12 holes drilled so far from the Company's summer drilling program at the Lion Zone discovery have intercepted sulphides mineralization.

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Power Nickel Presents Nisk – 24 And Beyond at Red Cloud Webinar Series

TORONTO, Sept. 4, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it is presenting at the Red Cloud webinar series today at 2:00 PM Eastern. To enable your attendance at the webinar, please register by clicking on the following link: https://redcloudfs.com/events/rcwebinar-pnpn-2/.

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Power Nickel Caps Off Impressive Lion Zone Winter Drilling Program with CuEq Results of Holes 50 and 60 Ranging from 1.23% to 7.36%

TORONTO, Aug. 19, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce high-grade multi-elements assay results for the remaining holes of its 2024 winter drill program.

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Power Nickel Provides Exploration Update

TORONTO, Aug. 13, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to provide details on the Exploration Program being deployed on its Nisk Property, Nemaska, Quebec. While the 2024 summer Drill Program at the Lion Zone continues to successfully intersect poly-metallic mineralisation, the Company has begun an extensive property scale Exploration Program, which will include downhole and ground-based geophysical surveys. These exploration efforts are anticipated to provide a robust framework for identifying new prospective sub-surface target areas and are aiming at defining a possible continuity over the 5.5 km strike-length separating Nisk Main and the Lion Zone.

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Power Nickel Appoints Global Expert Dr. Steve Beresford to Board

TORONTO, July 29, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that internationally recognized geoscientist Dr. Steve Beresford has joined the Power Nickel board.

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Over-subscribed $20 Million Flow-Through Offering closed with the backing of leading mining investors Robert Friedland, Rob McEwen, CVMR, and Terra Capital

TORONTO, June 24, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that it has closed an over-subscribed flow-through offering (the "Offering") for gross proceeds of $20,062,497.50 through the issuance of 16,049,998 flow-through units (the "FT Units") at a price of $1.25 per FT Unit. Each FT Unit is comprised of one flow-through common share and one-half of one share purchase warrant (each whole, a "Warrant"), with each Warrant exercisable to purchase one common share at a price of $1.25 per common share for three years from the date of issuance. Each flow-through common share will qualify as a flow-through share for purposes of the Income Tax Act (Canada) ("ITA").

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Mining All Stars Back up to $20 Million Investment in Power Nickel

TORONTO, June 13, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt IVV), is pleased to announce that it plans to conduct a flow-through offering for gross proceeds of up to $20 million, through the issuance of up to 16,000,000 flow-through units (the "FT Units") at a price of $1.25 per FT Unit. Each FT Unit is comprised of one flow-through common share and one-half share purchase warrant (each a "Warrant"), with each Warrant exercisable to purchase one common share at a price of $1.25 per common share for three years from the date of issuance. Each flow-through common share will qualify as a flow-through share for purposes of the Income Tax Act (Canada) ("ITA").

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Power Nickel Commences 8,000 Meters Summer Drill Program

TORONTO, June 10, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has started the 2024 summer Drill Program with 20 holes targeted and over 8,000 metres of drilling as the Company continues ramping up exploration for additional mineralized zones of high-grade Copper, Platinum, Palladium, Gold, Silver and Nickel at the polymetallic Lion Zone on its Nisk Property in Nemaska, Quebec.

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Power Nickel Lion Zone Delivers Hole Assays from 2.60-17.90% CuEq With Hole 59 delivering 1.91 g/t Gold, 73.48 g/t Silver, 9.88% Copper, 6.23 g/t Palladium, 4.56 g/t Platinum, and 0.49% Nickel over 5.59m

TORONTO, June 4, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) is pleased to announce high-grade multi-elements assay results for holes PN-24-056 to PN-24-059.

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Power Nickel Partners with Karbon-X to Offset 30,000 Meters of Drilling

TORONTO, June 3, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that it has partnered with Karbon-X to offset the carbon footprint associated with the drilling of 30,000 meters. This strategic initiative underscores the Company's steadfast commitment to environmental stewardship and sustainability, reaffirming their dedication to environmental excellence for the second consecutive year.

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Power Nickel's Lion Discovery Makes an Enormous Roar - 15.4 Metres of Over 9.5% Copper Equivalent

TORONTO, May 21, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) is pleased to announce high-grade multi-elements assay results for hole PN-24-055.

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Power Nickel Delineates New Polymetallic Discovery

TORONTO, May 10, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce high-grade multi-elements assay results for holes PN-24-048, PN-24-052 and PN-24-053. (see Figure 2 and Table 1 below)

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Power Nickel Engages Global Expert Dr. Steve Beresford to Provide Technical & Strategic Advice

TORONTO, May 1, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that internationally recognized geoscientist Dr. Steve Beresford has joined Power Nickel as a Special Advisor.

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Power Nickel Extends Momentum - Closes Acquisition on 80% of Nisk

TORONTO, April 24, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (OTCBB: PNPNF) (TSXV: PNPN) (Frankfurt: IVV) is pleased to announce it has completed the acquisition of an additional 30% of the Nisk Project from Critical Elements Lithium. The last remaining condition was the acceptance of the filing of an NI 43-101 Technical Report which was accomplished in Q1. This brings Power Nickels percentage to 80%. Power Nickel will continue to fund 100% of expenditures at Nisk until such time as a Bankable Feasibility Study is presented.

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Power Nickel Releases Thick High-Grade Assays of Copper, PGMs, Gold and Silver from its new Lion Discovery

TORONTO, April 22, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce high-grade multi-elements assay results for holes PN-24-047 and PN-24-051.

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Power Nickel Clarifies Press Release Dated April 15th

TORONTO, April 22, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: CMETF) (Frankfurt: IVV) announces that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure.

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Power Nickel Releases Initial Assay on New Crown Jewel Discovered on its NISK Project

Toronto, Ontario – Apr 15, 2024 – Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVV) is pleased to announce assay results for hole PN-24-044. (see Figure and Table below)

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Power Nickel Announces C$2 Million Private Placement

TORONTO, April 4, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVVI) is pleased to announce that it plans to complete a Private Placement (the "Offering") for up to 10 Million common shares of the Company, at a price of $0.20 per share, for gross proceeds of CAD $2,000,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.

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Power Nickel Continues to Expand its Near Surface High-Grade Cu-Pt-Pd-Au-Ag Zone 5km Northeast of its Main Nisk Deposit

TORONTO, March 20, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that the drill program aiming at following up on the Wildcat high-grade PGM intersection has intersected the anticipated mineralized zone with five (5) additional holes. If confirmed by assay results, the current mineralized envelope is interpreted to extend to a minimum of 300 m below surface, and to a minimum of 200 m laterally, and remains open in all directions.

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Power Nickel Defines Initial Volume on its High-Grade Cu-Pt-Pd-Au-Ag Zone 5km Northeast of its Main Nisk Deposit

TORONTO, March 4, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVVI) is pleased to announce that hole PN-24-047 of the drill program aiming at following up on the Wildcat high-grade PGM intersection has intersected the anticipated mineralized zone some 40 meters to East of the discovery hole. Along with PN-24-044 (Feb 22nd, 2024), this makes it the third intersection similar to the discovery hole announced May 10th, 2023. An EM anomaly was also tested some 225 m further East (PN-24-045) but did not visually intersect significant mineralization.

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Power Nickel Expands on High Grade Cu-Pd-Pt-Au-Ag Zone 5km northeast of its Main Nisk Deposit

TORONTO, Feb. 21, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVVI) is pleased to announce that the first hole of a drill program following up on the Wildcat high grade PGM intersection, appears to have encountered a mineralized zone similar to the previously announced May 10th 2023.

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Power Nickel extends resource mineralization at Nisk Main

TORONTO , Feb. 13, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: CMETF) (Frankfurt: IVV) is pleased to announce the results of its fall drilling campaign at Nisk, the high-grade Nickel Sulfide PGM project located near Nemaska, Quebec.

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Power Nickel Announces Filing of Amended Technical Report

TORONTO, Jan. 23, 2024 /CNW/ - Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the "Company") announces that, further to the Company's news release dated November 29, 2023, it has filed a technical report in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects in respect of its mineral resource estimate for the "NISK" Nickel Sulphide project (the "Amended Technical Report") located in Québec. No material changes were made to the resource estimate announced in the Company's news release dated November 29, 2023.

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Power Nickel Commences 2024 Drill Program

TORONTO, Jan. 19, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has started the 2024 winter Drill Program at the Nisk Nickel Sulfide project in Nemaska Quebec.

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Power Nickel Raises $2,180,000, Outlines 2024 Plans

TORONTO, Jan. 9, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has closed a private placement for 4,360,000 flow-through units (each an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,180,000. The FT Unit closing completed on December 29, 2023, while the balance of the back-end adjustments completed last week. The Company has received conditional TSX Venture Exchange ("TSXV") approval for this Private Placement.

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Power Nickel Files Complaint on Widespread Potential Illegal Short Selling of its Shares

TORONTO, Dec. 12, 2023 /CNW/ - Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the "Company") announces that together with its advisors the Company has filed an official complaint detailing significant and persistent position imbalances for its stock. This troubling imbalance is defined as a broker having an insufficient number of shares in its depository account compared to the number of beneficially owned shares for its customers. This can indicate potential naked short selling and other manipulative actions designed to artificially drive down share prices. Power Nickel is bringing this to the attention of all Canadian investors to make them aware of the non-market factors that have led to the terrible performance of the TSXV despite this being on the whole a robust commodity market.

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Fleet Space Tech: Launching Power Nickel's Exploration to New Heights

TORONTO, Dec. 6, 2023 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV). Discover how Power Nickel, leveraging Fleet Space Technologies' mineral exploration technology, ExoSphere, is transforming the landscape of nickel exploration. This event will highlight the successful application of Ambient Noise Tomography (ANT) to generate actionable data in near real-time for identifying nickel targets, emphasizing the potential of these technologies to enhance drilling accuracy and reduce land disturbance. Terry Lynch, CEO of Power Nickel, will have a relaxed chat with Power Nickel Exploration VP Ken Williamson and a duo of top geoscience experts from Fleet Space to discuss how Power Nickel is using this technology to facilitate the successful exploration of the Nisk project in Namaska Quebec.

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Power Nickel Closes $0.90 per share Flow-Through Financing of $2.75 Million

TORONTO, Dec. 4, 2023 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has closed its previously announced flow-through financing of $2.75 million CAD at $0.90 per share.

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In Excess of 5.4 Million Indicated Tonnes Grading 1.05% NiEq and 1.8 Million Inferred Tonnes Grading 1.35% NiEq

TORONTO, Nov. 29, 2023 / CNW / - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt IVV) is pleased to release the initial NI 43-101 Mineral Resource Estimate on its "NISK" Nickel Sulphide project, located near Nemaska, James Bay, Québec.

Following up a successful drilling campaign in summer of 2023, and new inputs from the recently completed FLEET Ambient Noise Tomography survey, the Nisk geological interpretation has reached a higher level of understanding, resulting in the elaboration of a robust 3D litho-structural model. This new model is fully integrated to and is constraining the current Mineral Resource Estimation ("2023 MRE").

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Power Nickel To File Complaint on Widespread Potential Illegal Short Selling of its Shares

TORONTO, ON / November 23, 2023 / Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the “Company”) Terry Lynch, CEO of Power Nickel and founder of Save Canadian Mining, and its advisors have prepared and will file in the coming days an official complaint detailing significant and persistent position imbalances for Power Nickel's stock. This troubling imbalance is defined as a broker having an insufficient number of shares in its depository account compared to the number of beneficially owned shares for its customers. This can indicate potential naked short selling and other manipulative actions designed to artificially drive down share prices. We’re bringing this to the attention of all Canadian investors to make them aware of the non-market factors that have led to the terrible performance of the TSXV despite this being on the whole a robust commodity market.

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Power Nickel to Raise $2,750,000 at $0.90 Per Share to Complete Next Stage of Feasibility Study with CVMR Corporation

TORONTO, Nov. 20, 2023 /CNW/ - Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the "Company") is pleased to announce the continuation of its agreement with CVMR Corporation ("CVMR"), one of the world's leaders in Nickel Powder, Wire, and Anode production, and a key supplier to the Battery, Defence, and Aerospace industry. CVMR is coordinating the production of advanced bench scale, piloting, and engineering studies on the Nisk Nickel Sulfide Project near Nemaska, Quebec to determine project feasibility. The agreement is staged, allowing for Power Nickel and CVMR to work together on various stages of engineering studies.

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Power Nickel Closes Final Tranche Of Financing And Releases Results Of The First Hole Of The Current Campaign

TORONTO, Nov. 14, 2023 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has closed the previously announced private placement of non-flow-through units ("Units") at a price of $0.25 per Unit (the "Offering"). In connection with closing the Offering, the Company issued an aggregate of 2,820,000 Units for gross proceeds of $705,000. Each Unit is comprised of one common share of the Company and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable to acquire one common share of the Company at a price of $0.50 per share for a period of three years from the date of issuance (subject to acceleration, as described below).

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Power Nickel Closes Financing for $2,000,000

TORONTO, ON / October 24, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVV) is pleased to announce it has closed the first tranche of the private placement previously announced on October 16, 2023 (the "Offering") for 4,000,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,000,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.

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Power Nickel to Raise $2.75 Million to Advance Exploration at Nisk Nickel PGM Project

TORONTO, ON / October 16, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:PNPNF)(Frankfurt:IVV) is pleased to announce a proposed private placement of $2.75 million in new equity capital to pursue exploration expansion at Nisk the Companies flagship Nickel PGM project near Nemiscau Quebec. The Company proposes the sale of 4,000,000 Flow-Through units (each an "FT UNIT") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of $2,000,000 and a additional up to 3,000,000 non-flow-through units (each an "NFT Unit") at a price of $0.25 per NFT Unit for aggregate total proceeds of $2,750,000. The issue will be non brokered. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the private placement. The Company expects to close the private placement in the coming days.

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Power Nickel Hits 25 metres of Massive and Semi Massive Sulfides on 300 metre Step Out in First Hole of Fall Program

TORONTO, ON / September 6, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:CMETF)(Frankfurt IVV) is pleased to announce that the step out hole testing the Nisk Main Deposit 300 metres to the south and east of previous drilling has encountered at a downhole depth of 457 metres about 25 metres of massive and semi-massive sulfides.

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Power Nickel Commences Fall Drill Program with Deep Target Hole 23-H2-01

TORONTO, ON / August 23, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVV) is pleased to report that it has commenced its fall drilling program with the drilling of the deep target hole PN-23-036, identified as #1 in Figure 1.

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CVMR Investment to Fund Feasibility Program at Power Nickel Nisk Project

TORONTO, ON / August 15, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:CMETF)(Frankfurt:IVV) Power Nickel is pleased to enter into an agreement with CVMR Corporation, one of the world's leaders in Nickel Powder, Wire and Anode production and a key supplier to the Battery, Defence and Aerospace industry. CVMR will coordinate the production of advanced bench scale, piloting and engineering studies on the Nisk Nickel Sulfide project near Nemaska Quebec to determine project feasibility. The agreement is staged, allowing for Power Nickel and CVMR to work together on various stages of engineering studies.

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Power Nickel Announces C$2.25 Million Private Placement

TORONTO, ON / August 3, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel")(TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce a proposed privateplacement (the "Offering") of up to 4,500,000 flow-through shares (each, an "FT Share") of theCompany, for $0.50 per FT Share, for aggregate gross proceeds of up to CAD 2,250,000.

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Power Nickel Exercises Option & Adds to Management Team as It Expands Its Focus on Nisk

TORONTO, ON / July 31st, 2023 / Power Nickel Inc. ("Power Nickel" or the "Company") (TSX-V: PNPN) (OTC: PNPNF) Frankfurt: IVVI is pleased to announce it has exercised its option to acquire 50% of the Nisk project (the "Option"). Nisk is a High-Grade Nickel PGM Project near Nemaska, Quebec. In addition, the Company has notified our partner Critical Elements Lithium Corp. ("Critical Elements") that it intends to exercise its second option to acquire an additional 30% interest to bring ownership in the project to 80%. The last remaining obligation in respect of the second option is the delivery of a NI 43-101 Technical Report, which includes a resource estimate, under NI 43-101, which is expected to be delivered late Q3 or early Q4.

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Power Nickel to Spin Out British Columbia and Chilean Projects Into Consolidated Gold and Copper Inc. via Plan of Arrangement and Places 3% Copaquire Royalty up for Sale

TORONTO, ON / July 20, 2023 / Power Nickel Inc. ("Power Nickel" or the "Company") (TSX-V:PNPN) (OTC:PNPNF) is pleased to announce it has completed its review of the Company's assets and has formalized the following plan to optimize its non-core assets while maintaining its focus on the exploration and development of Nisk, the Company's High Grade Nickel PGM Project near Nemaska, Quebec.

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Power Nickel Announces Broad Nickel Intercepts From Remaining Drill Holes at Nisk

TORONTO, ON / June 15, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN), (OTCBB:PNPNF), (Frankfurt:IVVI) is pleased to announce the latest results from drill holes PN-23-029 to 035. These eight (8) holes (Table 1) were drilled to test distal targets east (PN-23-030/-031) and west (PN-23-029) of the Main Nisk deposit as well as to expand on high-grade intersections at Nisk Main (PN-23-032, -033, -034/034A, and -035; Figures 1-3).

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Power Nickel Announces Latest Drill Results that Expands Central High-Grade Zone at Nisk

Toronto, Ontario - May 30, 2023 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVVI) is pleased to announce the latest results from drill holes PN-23-025, 027 and 028. These three (3) holes (Figure 1 and Table 1) successfully expanded the high-grade intersection in drill hole PN-22-009 (1.17% Ni, 0.80% Cu, 0.08% Co, 1.46ppm Pd, 0.23ppm Pt over 25.86m) by 75 metres depth and 150 metres of strike (Figure 2; NR January 12th, 2023).

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Power Nickel Inc. Presents in Red Cloud's Virtual Webinar Series

Power Nickel's CEO Terry Lynch will be conducting a Live Q&A Webinar hosted by Red Cloud on Wednesday, May 31 at 2:00 PM ET / 11:00 AM PT.

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Power Nickel Discovers a New High Grade Cu-Pd-Pt-Au-Ag Zone 5km Northeast of its Main Nisk Deposit

TORONTO, ON / May 10, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce the discovery of a new high-grade Cu-PGE mineralized zone approximately 5km northeast of the main Nisk deposit. The target area was never previously drilled and was identified as "Wildcat." It is characterized by a strong magnetic anomaly from an ultramafic unit previously mapped in the surface outcrop. Ultramafic rocks consistent with the main Nisk deposit were intersected in hole PN-23-031A, but the high-grade mineralization is hosted in amphibolite and tonalite, which lie on top of the ultramafic sequence.

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Power Nickel Closes Final Tranche of Financing

TORONTO, ON / May 5, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce it has closed the final tranche of the private placement previously announced on March 13, 2023 (the "Offering") for 1,032,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $516,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.

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Power Nickel Inc. to Webcast Live at VirtualInvestorConferences.com May 2, 2023 2:00pm EDT

TORONTO, May 01, 2023 (GLOBE NEWSWIRE) -- Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVVI), today announced that Terry Lynch, CEO, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on May 2nd, 2023.

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Hole 23 Delivers! Power Nickel Final Drill Results from the Fall 2022 Drill Program and Initial Drill Results from Winter 2023

Toronto, Ontario – April 27, 2023 – Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVVI) continues to confirm the presence of high-grade Ni-Cu-Co-PGE mineralization in the Main Zone of its Nisk project near James Bay, Quebec. In addition, step out exploration drilling 800m east of the Main Zone shows indications of a new Ni-Cu-Co-PGE zone within the same ultramafic sequence of rocks. The Main Zone drill results for holes PN-23-23 and PN-23-24 extend mineralization up dip from previous high-grade holes into an area previously believed to be a low grade zone between two high grade lodes

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Power Nickel Closes Second Tranche of Financing for $2,585,000

TORONTO, ON / April 25, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce it has closed the second tranche of the private placement previously announced on March 13, 2023 (the "Offering") for 5,170,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,585,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.

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Power Nickel Announces Closing of 1st Tranche of Private Placement

TORONTO, ON / March 31, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce it has closed the 1st tranche of the private placement previously announced on March 13, 2023 (the "Offering") for 3,418,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $1,709,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.

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Power Nickel To Close Previously Announced C$5 Million Private Placement

TORONTO, ON / March 22, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce it has received commitments to over subscribe the previously announced private placement (the "Offering") of up to 10,000,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for aggregate gross proceeds of up to CAD $5,000,000.

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Power Nickel Announces C$5 Million Private Placement

TORONTO, ON / March 12, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCBB:PNPNF)(Frankfurt:IVVI) is pleased to announce a proposed private placement (the "Offering") of up to 10,000,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for aggregate gross proceeds of up to CAD $5,000,000.

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Power Nickel Extends Nickel Mineralization In Multiple Holes on its Fall 2022 Drill Program

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Power Nickel Forges Ahead to Create the World’s First Carbon Neutral Nickel Mine

It is not often investors can invest in a junior mining company that not only plans to produce green metals such as nickel but also plans to use carbon credits along the way to offset their emissions while developing a project using the latest exploration technologies. Today a company is doing just that and the company is Power Nickel Inc. (TSXV: PNPN | OTCQB: PNPNF).

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Power Nickel Announces Partnership With Fleet Space Technologies

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Power Nickel Retains Karbon-X to Offset their 2023 Drill Program of Up to 40,000 metres, with Voluntary Carbon Offsets

TORONTO, ON / January 26, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN),(OTCQB:CMETF),(Frankfurt:IVVI) announced today that the company has retained Karbon-X Corp (OTCQB:KARX) to retire 159 high quality Verra VCU carbon offsets, in the name of Power Nickel Inc. These 159 carbon offsets will counteract 159 tonnes of greenhouse gas (GHG) emitted by the burning of 60,000 litres of diesel in their exploratory drilling operations and represents Power Nickel's commitment to offsetting their drilling program in the years to come.

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Power Nickel Extends PN-22-009 Nickel Mineralization from 25 to 40m

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Power Nickel Extends High-Grade Nickel Mineralization at Nisk

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Power Nickel Closes Financing Adding Over $4 Million Dollars; Looks to Expand the Drill Program at NISK, its High Grade Nickel Sulfide Project, from 5000 Metres to 12,500-15,000 Metres

TORONTO, ON / ACCESSWIRE / November 22, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCBB:CMETF)(Frankfurt:IVVI) is pleased to announce it has completed its over-subscribed non-brokered private placement of 13,750,000 flow-through units (each, an "FT Unit") at a price of $0.20 per FT Unit and 14,425,000 non-flow-through units (each an "NFT Unit") at a price of $0.10 per NFT Unit, for aggregate gross proceeds of CAD$4,192,500. (the "Private Placement"). The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.

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Power Nickel Increases Previously Announced Non-Brokered Private Placement by C$300,000

TORONTO, ON / ACCESSWIRE / October 27, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN, OTCBB:CMETF, Frankfurt:IVVI) is pleased to announce it has increased the size of its non-brokered private placement (the "Private Placement") originally announced in its news release dated October 18, 2022 (the "Original News Release") by CAD $300,000. The Private Placement will now consist of up to 10,250,000 flow-through units (each, an "FT Unit") of the Company (up from 10,000,000 FT Units) at a price of $0.20 per FT Unit and up to 12,500,000 non-flow-through units (each, an "NFT Unit") of the Company (up from 10,000,000 NFT Units) at a price $0.10 per NFT Unit, for aggregate gross proceeds of up to CAD $3,300,000. The prices of each FT Unit and each NFT Unit are unchanged from the prices set out in the Original News Release. The other terms of the FT Units and NFT Units are also unchanged from the terms set out in the Original News Release. These terms have been provided below for ease of reference.

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Power Nickel Announces C$3 Million Non-Brokered Private Placement

Toronto, Ontario – October 18th, 2022 – Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: CMETF, Frankfurt: IVVI) is pleased to announce a proposed non-brokered private placement (the “Private Placement”) of up to 10,000,000 flow-through units (each, an “FT Unit”) of the Company at a price of $0.20 per FT Unit and up to 10,000,000 non-flow-through units (each, an “NFT Unit”) of the Company at a price $0.10 per NFT Unit, for aggregate gross proceeds of up to CAD $3,000,000.

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Power Nickel To Amend Technical Report

TORONTO, ON / ACCESSWIRE / October 6, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) announces that, as a result of a review by the staff of the British Columbia Securities Commission ("BCSC"), the Company is issuing the following news release to clarify disclosures regarding its Technical Report on the Nisk Project previously filed on SEDAR on August 30, 2022.

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Power Nickel Follows Up Release of NI 43-101 Compliant Mineral Resource Estimate on the Nisk Nickel Project With Commencement of Second Round of Drilling

TORONTO, ON / ACCESSWIRE / September 22, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) is pleased to follow up on the recent release of the NI 43-101 Technical Report and Mineral Resource Estimate ("MRE") on the "Nisk" Nickel project with the commencement of the second round of drilling. The NI 43-101 Technical Report and Mineral Resources Estimate for the Nisk Project was filed on SEDAR on August 30, 2022

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Power Nickel Releases Initial NI 43-101 Compliant Mineral Resource Estimate on the Nisk Project

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Power Nickel is developing its NISK project in Quebec into one of the greenest sources of class-1 nickel in history

Chilean Metals had one very good reason behind its name change to Power Nickel Inc (TSX-V:PNPN): the NISK nickel sulphide project in Quebec which has the potential to become one of the greenest sources of class-1 nickel in the world.

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Power Nickel: Positioned to drive the EV revolution

As demand for battery metals increases in line with the transition to EVs, mining company Power Nickel is establishing itself as a major player in the clean energy market. The price per tonne of nickel has increased by almost 100% year on year. The commodity bull market is here, and, thanks to the electric vehicle (EV) revolution, it is here to stay for many critical metals.

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Power Nickel to Present at the Emerging Growth Conference on Wednesday, May 25, 2022

TORONTO, ON / ACCESSWIRE / May 24, 2022 / Power Nickel Inc. (the "Company") (TSXV:PNPN) (OTCQB:CMETF) (FRA:IVVI) is pleased to announce that it has been invited to present at the Emerging Growth Conference on Wednesday, May 25, 2022

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Resource Estimate due soon for Power Nickel’s Ni-Cu-Co-PGE Nisk Project

The search for battery metals in safe locations continues as companies see the tremendous demand curve ahead for these metals to supply the electric vehicle (EV) boom. Today’s company is Power Nickel Inc. (TSXV: PNPN | OTCQB: CMETF), focused on their Canadian NISK project which contains nickel (Ni), copper (Cu), cobalt (Co), and some platinum group elements (PGE). They also have investments that give exposure to gold and copper projects in Canada and Chile, as well as a royalty agreement.

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Warrant Exercise raises over $800,000 for Power Nickel

TORONTO, ON / ACCESSWIRE / May 4, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN, OTCBB:CMETF, Frankfurt:IVVI) is pleased to announce that it has issued 5,557,125 shares as a result of warrant exercise. The $833,568.75 was added to the capital of the Company and will as announced fund the up to 5000 Metre follow-up drill program on its promising Nisk Nickel Sulphide project south of James Bay Quebec.

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Power Nickel Continues Extension of Mineralization at Nisk and Readies for New Fully Funded 5000 Metre Drill Program in Q2

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Power Nickel Follows Up High Grade Results at Nisk with New Fully Funded 5000 M Drill Program

TORONTO, ON / ACCESSWIRE / March 24, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN) (OTCBB:CMETF) (FRA:IVVI) is pleased to announce that a follow-up drill program has been authorized to take place as quickly as permits and a diamond drill rig can be obtained with the expectation that a 5000-meter program can commence later in Q2 after breakup.

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Power Nickel Continues Extension of Mineralization with High Grade Results at Nisk

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Power Nickel Interview: 'The coming quarters change everything.'

A promising nickel project in Quebec, several gold properties in Canada and Chile, and a license agreement with Teck Resources that could yet provide surprises - Power Nickel's list of activities is long. But the Company is consolidating. As early as the second quarter, historical data is expected to be converted into an updated resource estimate for the flagship NISK project. Shareholders also stand to receive bonus shares later this year. Here is what Terry Lynch, CEO of Power Nickel, has in mind for 2022 and what the Company needs to do to be valued at CAD 800 million instead of CAD 15 million.

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Power Nickel Extends Mineralization at Nisk and Continues Preparation for an Updated NI 43-101 Mineral Resource Estimate

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Power Nickel Discovers Two New High-Grade Gold Zones at It's Golden Triangle Project, Stewart, BC, Canada

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Power Nickel Starts 4000 Metre Drilling Program

Power Nickel Inc. (the “Company” or “Power Nickel”) (TSXV:PNPN, OTCBB: CMETF, Frankfurt IVVI) is pleased to announce that it has commenced drilling on its Nisk Project. As previously noted the Company has used a new 3D geological model to generate the targets for this exploration program. The 3D geological model developed by 3DGeo-Solution Inc. (“3DGS”) identified a prospective set of targets which the Company feels will give the best potential to expand the Nisk historical deposit.

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Power Nickel to Commence 4000 metre Drilling Program on Its Major Nickel Development Target "Nisk"

Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) is pleased to announce that it has received and approved a 3D Litho-Structural Report on the Nisk project in James Bay from 3DGeo-Solution Inc. ("3DGS"), an expert in 3D modeling and Mineral Resource Estimation. The report identified a prospective set of targets that is felt will give the best potential to expand the Nisk historical deposit.

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Chilean Metals is Now Power Nickel (PNPN:TSXV)

Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN, OTCBB: CMETF, Frankfurt IVVI) is pleased to announce that it will commence trading under its new symbol PNPN on the TSXV on July 12, 2021. Chilean Metals has formally been renamed Power Nickel Inc. and will focus its efforts on the exploration and development of the James Bay Nisk project.

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Chilean Metals Acquires Golden Ivan

Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSX.V:CMX)(SSE:CMX)(MILA:CMX) is pleased to announce it has agreed to acquire 100% of the Golden Ivan property from Granby Gold Inc., via a payment of 6,500,000 shares of CMX. Golden Ivan is located approximately 3 kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of 13 mineral claims, all in good standing, for a total area of approximately 797 hectares. This agreement revises the parties' earlier option agreement.

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Chilean Metals Closes $2.2 Million Financing

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, OTCBB – CMETF, SSE:CMX, MILA: CMX) has closed a non-brokered private placement of $2,200,000 dollars, with $900,000 being done via issuance of 3,600,000 common shares at $0.25 and $1,200,000 in Flow-through Shares issued at $0.40 per share comprising of 3,000,000 shares. The proceeds from the flow-through shares will be used to incur Canadian exploration expenditures that qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)).

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Chilean Metals Arranges $2 Million Financing To Explore Nisk Nickel Project

Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSX.V:CMX) (OTCBB:CMETF) (SSE:CMX) (MILA:CMX) has arranged a non-brokered private placement of $2,000,000 dollars, with $1,000,000 being done via issuance of 4,000,000 common shares at $0.25 and $1,000,000 in Flow-through Shares issued at $0.40 per share comprising of 2,500,000 shares. The proceeds from the flow-through shares will be used to incur Canadian exploration expenditures that qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)).

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Chilean Metals Inc. to Change Name and Spin Out Two Pubcos Through Proposed Plan of Arrangement

Chilean Metals Inc. (the "Company" or "Chilean Metals") (TSXV:CMX, OTCBB: CMETF, Frankfurt IVVI) is pleased to announce that the board of directors has approved the Company's plans to change its name to Power Nickel Inc. and to spin-off two independent public companies to carry forward with its existing Chilean and British Colombia mining assets.

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Chilean Metals Inc. Engages Paradox Investor Relations

Chilean Metals Inc. (TSXV:CMX)(OTCBB:CMETF)(FRANKFURT:IVVN ) (the "Company") is pleased to announce additional efforts to broaden awareness for the Company in the investment community through the engagement of Relations Publiques Paradox Inc.

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Chilean Metals Closes NISK Acquisition Providing the Company a High-Grade Historical Nickel Copper Cobalt PEG Resource

Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSXV:CMX)(SSE:CMX)(MILA:CMX) s pleased to announce it has received TSXV conditional approval on its announced agreement to acquire 80% of the NISK property via a series of option payments and work commitments as further detailed below.

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Chilean Metals Inc. Increases Investor Communication and Share Distribution

Chilean Metals Inc (TSXV:CMX) (the "Company") is pleased to announce two initiatives to broaden awareness for the company in the investment community. It has begun trading on the OTCBB under the symbol CMETF and launched a "CEO Verified" Discussion Forum on AGORACOM. The forum will serve as the Company's primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment.

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Chilean Metals Intersects 716 g / t Silver and 0.453% Copper over 2 metre in Hole 3 at the Chanchero zone - Tierra de Oro project, Chile

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) is pleased to report results from Phase 1 of drilling at its Tierra de Oro (Land of Gold) project in 3rd Region of Atacama about 75 km south of Copiapó, Chile.

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Chilean Metals Close Golden Triangle Acquisition

Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSXV:CMX)(SSE:CMX)(MILA:CMX) is pleased to announce it has received TSXV approval on its announced agreement to acquire 100% of the Golden Ivan property via a series of option payments and work commitments as further detailed below. Golden Ivan is located approximately 3 kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of 13 mineral claims, all in good standing, for a total area of approximately 797 hectares.

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Chilean Metals Options High Grade Nickel Copper PGE Deposit in James Bay from Critical Elements

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V: CMX, SSE: CMX, MILA: CMX) is pleased to announce it has reached subject to TSX.V approval and agreement to acquire up to 80% of the NISK property via a series of option payments and work commitments as further detailed below.

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Chilean Metals Commences Drilling on the Tierra De Oro Project in Chile

Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSXV:CMX)(SSE:CMX)(MILA:CMX) has started on Phase 1 of drilling at its Tierra de Oro (Land of Gold) project in 3rd Region of Atacama about 75 km south of Copiapó, Chile.

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Chilean Metals Announces Golden Triangle Acquisition

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V: CMX, SSE: CMX, MILA: CMX) is pleased to announced it has reached and agreement to acquire 100% of the Golden Ivan property via a series of option payments and work commitments as further detailed below. Golden Ivan is located approx. 3 kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of thirteen (13) mineral claims, all in good standing, for a total area of approximately 797 hectares.

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Chilean Metals Announces Debt Agreement

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) has entered into an agreement with a related party on the extension of $702,000 worth of debentures and advances (that are otherwise due or past due) for a further term of two years. This amended loan agreement and bonus warrants (described below) is subject to TSXV approval. The loan will carry an interest rate of 14% per annum and will be prepaid for year 1, with the interest added to the principal. Should Chilean Metals not pay off the debenture during year 2, the loan will carry forward interest only in arrears and be due on October 8, 2022.

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Chilean Metals Closes $3 Million Financing

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) has completed a non brokered private placement of $3,017,525 dollars. The proposed financing resulted in the issuance of 30,175,250 units at $.10 per unit. Each unit is comprised of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Company (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share for a period of 24 months from date of closing of this offering. The Warrants will be subject to an accelerated expiry date if at any time after January 31, 2021, the Company’s common shares have a closing price equal to or greater than $0.30 per common share for ten (10) consecutive trading days on the TSX Venture Exchange, the Company shall thereafter be entitled to give notice to the holders of the CMX Warrants, by news release, that such Warrants will expire at 5:00 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period.

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Chilean Metals Updates Best Efforts Financing

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to complete a best efforts financing of up to $3.00 million dollars. The proposed financing would be by way of issuance of up to 30,000,000 units at $.10 per unit. Each unit will be comprised of one common share of the Corporation (a “Common Share”) and one half of one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Corporation (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share for a period of 24 months from date of closing of this offering. Warrants will be callable If at any time after January 31, 2021, the Company’s common shares have a closing price equal to or greater than $0.30 per common share for ten (10) consecutive trading days on the TSX Venture Exchange, the Company shall thereafter be entitled to give notice to the holders of the CMX Warrants, by news release, that such warrants will expire at 5:00 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period. Participating brokers will be paid a commission of 8% and provided a broker warrant entitling them to acquire 8% of the amount invested in units for a period of 24 months.

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Chilean Metals Signs Term Sheet To Acquire 50% of Tiris Gold For $4.5 Million

Chilean Metals Inc. (TSXV: CMX) (SSE: CMX) (MILA: CMX) ("Chilean Metals," "CMX" or the "Company") is pleased to advise that it has signed a C$4.5 million funding term sheet for the creation of a joint venture vehicle with ASX and AIM-listed Aura Energy Limited for its gold, base and battery metal tenements in Mauritania.

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Chilean Metals Updates Management Seize Trade Order and Current Financing

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) Chilean Metals announces that further to its application for a Management Cease Trade Order (“MCTO”), which was granted by the British Columbia Securities Commission on June 17, 2020, the Company is required to provide bi-weekly status reports in accordance with the alternative information guidelines in National Policy 12-203 Management Cease Trade Orders (the “Guidelines”), until such time as the Company has completed and filed its audited annual financial statements and management’s discussion and analysis in respect of the financial year ended December 31, 2019 (the “Annual Filings”).

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Chilean Metals Applies for Management Cease Trade Order

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) announces that it has requested a temporary Management Cease Trade Order (“MCTO”) from the British Columbia Securities Commission (“BCSC”) in connection with the Company’s filing of its audited annual financial statements (the “Audited Financial Statements”) and MD&A for the financial year ended December 31, 2019.

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Chilean Metals Updates Best Efforts Financing

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to complete a previously announced best efforts financing of up to $2.00 million dollars. The proposed financing would be by way of issuance of up to 20,000,000 units at $.10 per unit. Each unit will be comprised of one common share of the Corporation (a “Common Share”) and one half of one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Corporation (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share for a period of 24 months from date of closing of this offering. Warrants will be callable If at any time after October 31, 2020, the Company’s common shares have a closing price equal to or greater than $0.30 per common share for ten (10) consecutive trading days on the TSX Venture Exchange, the Company shall thereafter be entitled to give notice to the holders of the CMX Warrants, by news release, that such warrants will expire at 5:00 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period. Participating brokers will be paid a commission of 8% and provided a broker warrant entitling them to acquire 8% of the amount invested in units for a period of 24 months.

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Chilean Metals Update on Annual Filing

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to participate in the blanket relief program announced on March 18, 2020 (the “Blanket Order”) by the Canadian Securities Administrators (the “CSA”) extending deadlines to file financial statements and Management Discussion and Analysis (“MD&A”), the Company confirms that is relying on the relief therein in respect of its audited annual 2019 financial statements and the MD&A as a result of interruptions in the flow of information required in the preparation of financial reporting obligations, which it expects to file before the extension relief expiry on June 14, 2020. Until the Company has filed such financial statements and MD&A, insiders of the Company are subject to the Company’s share trading and black-out policy.

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Chilean Metals Announces Best Efforts Financing

Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to complete a previously announced best efforts financing of up to $1.5 million. The proposed financing would be by way of issuance of up to 30,000,000 units at $.05 per unit. Each unit will be comprised of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Corporation (a “Warrant Share”) at an exercise price of $0.05 per Warrant Share for a period of 24 months from date of closing of this offering. Participating brokers will be paid a commission of 8% and provided a broker warrant entitling them to acquire 8% of the amount invested in units for a period of 24 months.

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