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Power Metallic Intercepts 27.10 Meters of 2.17% CuEqRec¹, including 4.76 Meters of 10.43% CuEqRec¹ in Hole 26-050 at Lion

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 Winter 2026 drill campaign.

articleChilean Metals Inc.April 15, 202610/company/chilean-metals-inc/news/power-metallic-intercepts-2710-meters-of-217percent-cueqrec-including-476-meters-of-1043percent-cueqrec-in-hole-26-050-at-lion
Power Metallic Intercepts 27.10 Meters of 2.17% CuEqRec¹, including 4.76 Meters of 10.43% CuEqRec¹ in Hole 26-050 at Lion

About this update from Chilean Metals Inc.

[{"type":"text","content":"TORONTO, April 15, 2026 /CNW/ - 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 Winter 2026 drill campaign.","length":243,"tagName":"p"},{"type":"text","content":"Lion MRE In-fill programDrilling continued to define the high-grade Lion Zone in preparation for a 2026 Mineral Resource Estimate (MRE). The majority of infill drill holes in this release are for holes that are mostly defining the eastern side of the Lion zone (Figure 1) for future mineral resource estimates to an Indicated Resource classification. The 2026 winter drill campaign continues to support the modelled interpretation of the Lion Zone based on earlier wider spaced drilling and includes PML-26-050 intersected the Lion Zone and confirmed the eastern edge of the high-grade copper shoot with 4.76m @ 10.43% CuEqRec1 (Table 1).","length":639,"tagName":"p"},{"type":"text","content":"Hole PML-26-052 tested the eastern edge of the western high-grade shoot 4.35m @ 5.94% CuEqRec1) and confirmed the expected mineralization modeled from the wider spaced earlier drilling in this area.","length":198,"tagName":"p"},{"type":"image","alt":"Figure 1 – Lion Drill holes reported in this news release (CNW Group/Power Metallic Mines Inc.)","displaySize":"","headline":null,"caption":"Figure 1 – Lion Drill holes reported in this news release (CNW Group/Power Metallic Mines Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":145,"url":"https://media.zenfs.com/en/prnewswire.com/0e97cbc43759b8a104fa35c9562a3ba7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5I8DH6eIouuDMtkYgl9d5A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1Ng--/https://media.zenfs.com/en/prnewswire.com/0e97cbc43759b8a104fa35c9562a3ba7","width":400,"height":145}},"href":"https://mma.prnewswire.com/media/2956842/Power_Metallic_Mines_Inc__Power_Metallic_Intercepts_27_10_Meters.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":" ","length":6,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"11","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":"Table 1: Lion Results - Winter 2026","length":35,"tagName":"p",...

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mineralizationMREPower MetallicPower Metallic Mines IncCompanyLionMineral Resource