Power Metallic: Lion Drill Results Continue to Support Resource Model

Jun 23, 2026

Power Metallic is a Canadian junior exploration company focused on developing the NISK polymetallic deposit into a carbon-neutral and reliable source of critical minerals.

Today’s drill results from Lion continue to reinforce what our team has been seeing throughout the Winter 2026 program: a growing, high-grade mineralized system with significant potential.

Key results from this release include:

13.30 metres grading 3.98% CuEq near surface (PML-26-115)
5.26 metres grading 8.45% CuEq (PML-26-105)
Both intercepts will be incorporated into the upcoming NI 43-101 Mineral Resource Estimate

Why these results matter:

The drilling is part of a structured infill program designed to improve confidence in the geological model
Results continue to support the continuity of mineralization within the Lion Zone
This work is directly contributing to the development of a more refined resource model ahead of the planned PEA

We are now approaching an important milestone for the project with the expected completion of the Lion and Nisk resource estimates at the end of July, which will form the basis for the subsequent PEA.

With additional assays still to come, I believe we are entering one of the most exciting periods in Power Metallic’s growth story.

Read the Full News Release by Clicking Here

Thank you for your continued interest and support. We look forward to providing an update once these milestones are achieved.

Sincerely,

Terry Lynch
Managing Director & CEO
Power Metallic Mines Inc.

Any Questions or clarification you need, feel free to call or connect with Rick Timcke
+1 (250) 897-2340 [email protected]

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