h

2018 NEWS

May 23rd, 2018 : POWER AMERICAS INTERSECTS POSITIVE DRILL RESULTS ON ITS KITTSON-COBALT PROJECT

Vancouver, British Columbia – May 23, 2018Power Americas Minerals Corporation (Power Americas” or the “Company“) (TSX-V: “PAM”) is pleased to announce the first results of their winter diamond drilling program on their Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada.

 

A total of 17 drill holes, totaling 1,750 metres, of BTW-size core were drilled, 15 targeting the Shakt-Davis mine area and 2 holes targeting the eastern extension of the Edison mine. The program successfully intersected the fracture zone that hosts the Shakt-Davis mineralization over a strike length of 125 metres and to a maximum depth of 170 metres. The fracture zone ranged from 5 to 30 metres wide (drilled core length) and hosted several 0.1 – 1.0 metre quartz-carbonate veins surrounded by intense carbonate alteration. Fracture- and vein-controlled cobalt mineralization in the form of smaltite occurred throughout this zone with values up to 0.05% Co over 29.24 metres.  A full list of significant intersections is provided in Table 1 below. Drill Location maps and cross-sections can be found on the Company’s website by following: “Click here to view maps and cross sections.”

 Table 1. Diamond Drilling Highlights.

Hole Number From (m) To

 (m)

Width* (m) Co

wt.%

Au

g/t

Ag

 g/t

Cu

wt.%

Ni

wt.%

KIT-18-001 Hole abandoned due to intersecting old workings
KIT-18-002 84.33 85.1 0.77 0.38 0.017 0.1 0.00 0.06
KIT-18-003 No Significant Results
KIT-18-004 90.7 91.62 0.92 0.52 0.009 0.1 0.00 0.06
KIT-18-005 No Significant Results
KIT-18-006 29.58 40.59 17.85 0.04 0.007 0.2 0.02 0.01
Inc. 29.58 33.30 3.72 0.08 0.079 0.3 0.02 0.01
Inc. 29.58 30.00 0.42 0.42 0.060 0.9 0.00 0.06
KIT-18-007 28.97 34.35 5.38 0.11 0.005 0.2 0.02 0.02
Inc. 30.97 31.27 0.73 0.61 0.020 0.8 0.03 0.10
KIT-18-008 22.26 51.5 29.24** 0.05 0.007 0.2 0.01 0.01
Inc. 22.26 27.34 5.08 0.10 0.003 0.5 0.03 0.02
Inc. 25.63 27.34 1.71 0.18 0.005 0.6 0.03 0.02
And 34.58 35.93 1.35 0.38 0.120 1.2 0.01 0.12
And 48.31 51.50 3.19 0.16 0.003 0.5 0.01 0.03
Inc. 50.60 51.50 0.90 0.36 0.003 0.6 0.01 0.06

*All reported widths are drilled core lengths.

** Includes zero grade for un-sampled core from 28.34-33.53m and 37.67-48.31m.

Commenting on the latest results, Jeffrey Cocks, President and CEO said: “We’re highly encouraged by these broad zones of cobalt mineralization at the historic Shakt-Davis mine area. Coupled with the discovery of Co mineralization in both drill holes further to the east near the Edison workings, these results suggest there may be open pit / bulk tonnage potential within the Kittson-Cobalt Project.” Further results from the drill program will be released as they become available.

 Planning is currently underway for Power Americas’ summer exploration program, which will include follow-up drilling around the historic workings on the Property, as well as reconnaissance mapping, prospecting, geophysical surveys and soil sampling on the newly-acquired claims extending to the southwest (see PAM news release: 12-18-2017).

Sample Analysis and QA/QC

Split core samples were analysed for base metals including Co, Cu, Ni, Pb, and Zn among others, along with Au and Ag at Activation Laboratories in Timmins, Ontario. The analytical codes used include 1A2-Au-50g (fire assay/AAS), 1E-Ag (aqua regia digest/ICP-OES), and 8-peroxide (Na2O2 digest/ICP-OES). Standards and blanks were inserted into the sample stream every 20 samples. The Co-bearing standards used in this program were sourced from CDN Resource Laboratories Ltd. of Langley, British Columbia, and Geostats Pty Ltd., of Western Australia.

About the Kittson-Cobalt Project

The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Shakt-Davis and Cobalt-Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to that of the famous Cobalt Silver Camp Located ~15 km east of the Property, which produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the Kittson-Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt, and are associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% Co over 1.37 metres and select grab samples returning up to 4% Co and 93.3 g/t Au. Locally significant nickel, copper and to a lesser extend lead, zinc and bismuth also occur within the quartz-carbonate veins.

About Power Americas Mineral Corp.

Power Americas Minerals Corporation is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals in North and South America. Power Americas’ acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, the OTC Markets under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., Vice President of Exploration and a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

 

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws). Such information is identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”,”outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook.  Forward-looking information includes, but is not limited to, statements or information related to the use of the net proceeds of the Offering. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information except as required by law.

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

May 8th, 2018 : POWER AMERICAS CLOSES $2.6 MILLION PRIVATE PLACEMENT CO-LED BY CANACCORD GENUITY AND GRAVITAS SECURITIES

Vancouver, British Columbia May 8, 2018Power Americas Minerals Corp. (Power Americas” or the “Company“) (TSX-V: “PAM”) is pleased to announce that it has completed the previously announced (see news release dated April 24, 2018) brokered private placement of flow-through common shares (the “Flow-Through Shares”) and non-flow-through units (the “Units”). The brokered private placement consisted of 6,666,666 Flow-Through Shares (increased from the previously announced amount of 3,333,333 Flow-Through Shares) at a price of $0.15 per Flow-Through Share and 11,216,666 Units at a price of $0.15 per Unit, for total gross proceeds of $2,682,500 (the “Private Placement”). Each Unit consists of one common share (a “Common Share”) of the Company and one common share purchase warrant (a “Warrant”) exercisable into one Common Share of the Company at a price of $0.25 per Warrant for a period of 36 months from the date hereof. The Flow-Through component of the Private Placement was oversubscribed.

The Private Placement was brokered by Canaccord Genuity Corp. and Gravitas Securities Inc. (together “the Agents”). The Agents were paid a commission comprised of a cash fee in the amount of $214,600 and issued an aggregate of 1,430,666 Agents’ warrants. Each Agents’ warrant is exercisable into one Unit at a price of $0.15 per Unit for a period of 36 months from the date hereof.  In addition, the Company also issued the Agents 894,166 Units as a corporate finance fee in connection with the Private Placement.

All securities issued under the Private Placement, including securities issuable on exercise thereof, are subject to a hold period expiring four months and one day from the date hereof.

The Company intends to use the net proceeds from the Offering for exploration on its mineral properties and general working capital.

About Power Americas Minerals Corp.

Power Americas Minerals Corporation is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals in North and South America. Power Americas’ acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, in the USA on the OTC Markets under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.

 

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws). Such information is identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”,”outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook.  Forward-looking information includes, but is not limited to, statements or information related to the use of the net proceeds of the Offering. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information except as required by law.

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

April 24, 2018 : POWER AMERICAS ANNOUNCES AMENDMENT TO TERMS OF BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia April 24, 2018Power Americas Minerals Corp. (Power Americas” or the “Company“) (TSX-V: “PAM”) announces that it has re-priced its previously announced brokered private placement of flow-through common shares (the “Flow-Through Shares”) and non-flow-through units (the “Units”) (see news release dated March 13, 2018). The private placement is  being re-priced in order to more accurately reflect the current market price of the Company’s common shares.

The brokered private placement will now consist of up to 3,333,333 Flow-Through Shares at a price of $0.15 per Flow-Through Share and 13,333,333 Units at a price of $0.15 per Unit, for gross proceeds of approximately $2,500,000 (the “Offering”). Each Unit shall consist of one common share (a “Common Share”) of the Company and one common share purchase warrant (a “Warrant”) exercisable into one Common Share of the Company at a price of $0.25 per Warrant for a period of 36 months from the closing date.

The Company has also granted the Agents an option to sell an additional 3,333,333 Flow-Through Shares of the Company and an additional 6,666,667 Units on the same terms as the Offering to raise additional gross proceeds of up to $1,500,000.

The Company may pay fees and commissions on the Offering within the amounts permitted by the policies of the TSX Venture Exchange. The Offering is expected to close on or about May 4, 2018 and is subject to the approval of the TSX Venture Exchange and customary closing conditions for brokered financings.

The Company intends to use the proceeds from the Offering for exploration on its mineral properties and general working capital.

About Power Americas Minerals Corp.

Power Americas Minerals Corporation is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals in North and South America. Power Americas’ acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, in the USA on the OTC Markets under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.

 

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

March 13, 2018 : POWER AMERICAS ANNOUNCES $2,500,000 BROKERED PRIVATE PLACEMENT CO-LED BY CANACCORD GENUITY AND GRAVITAS SECURITIES

Vancouver, British Columbia March 13, 2018Power Americas Minerals Corp. (Power Americas” or the “Company“) (TSX-V: “PAM”) is pleased to announce that it has engaged Canaccord Genuity Corp. (“Canaccord”) and Gravitas Securities Inc. (collectively with Canaccord, the “Agents”) to act as co-lead Agents on a commercially reasonable efforts basis in connection with a brokered private placement of up to 2,500,000 flow-through common shares (the “Flow-Through Shares“) at a price of $.20 per Flow-Through Share and 10,000,000 non-flow-through units (the “Units”) at a price of $0.20 per Unit, for gross proceeds of approximately $2,500,000 (the “Offering”).

Each Unit shall consist of one common share (a “Common Share”) of the Company and one common share purchase warrant (a “Warrant”) exercisable into one Common Share of the Company at a price of $0.25 per Warrant for a period of 36 months from the closing date.

The Company has also granted the Agents an option to sell an additional 2,500,000 Flow-Through Shares of the Company and an additional 5,000,000 Units on the same terms as the Offering to raise additional gross proceeds of up to $1,500,000 (the “Over-Allotment Option”).

The Company may pay fees and commissions on the Offering within the amounts permitted by the policies of the TSX Venture Exchange. The Offering is expected to close on or about April 12, 2018 and is subject to approval of the TSX Venture Exchange and customary closing conditions for brokered financings.

The Company intends to use the proceeds from the Offering for exploration on its mineral properties and general working capital.

About Power Americas Mineral Corp.

Power Americas Minerals Corporation is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals in North and South America. Power Americas’ acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, the OTC Pinks under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

February 8, 2018 : POWER AMERICAS CLOSES PROPERTY ACQUISITION AT KITTSON

Vancouver, British Columbia February 8, 2018Power Americas Minerals Corp. (Power Americas” or the “Company“) (TSX-V: “PAM”) is pleased to announce it has closed its previously announced (see news release 11-22-2017) acquisition of an additional 100% interest in 10 unpatented mining claims totaling 140 units having a combined area of approximately 2,240 hectares. Power America’s 100% owned Kittson Project now consists of 15 unpatented mining claims totaling 208 units having a combined area of approximately 3330 hectares.

Eight of the new claims are contiguous to Power America’s Kittson property located approximately 8 km northwest of the town of Latchford and 120 km by road north of North Bay in the Coleman, Kittson and Brigstocke Townships of the Larder Lake Mining Division, in Northeastern Ontario. Two of the new claims are approximately 5 km south of the Kittson properties southern boundary.

This newly acquired ground has prospective geology covering Nipissing diabase and is interpreted to host the western extension of the Shakt-Davis and Edison mine structures. Due diligence sampling this past fall by the company on these structures returned up to 0.97% Co (see news release 12-19-2017).  Two separate claims ~5 kilometres south of the Kittson property cover a cobalt showing which has returned up to 0.14% Cobalt and 0.68 g/t gold listed in the Ontario Geological Surveys Mineral Deposit Inventory (MDI31M05SW00020) and previously held by Tri-Origin Exploration. Further field work is planned for this spring to in order to generate drill targets on this new ground.

Drilling continues on the Shakt-Davis mine structure (see news release 01-23-2018), with 5 holes totaling ~800m completed thus far.

Power Americas acquired 100% interest in the properties for a purchase price of $1,511,250 paid by the issuance of 13,000,000 common shares of the Company at a deemed price of $0.11625 per share.

About the Kittson-Cobalt Project

The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Shakt-Davis and Cobalt-Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to that of the famous Cobalt Silver Camp Located ~15 km east of the Property, which produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the Kittson-Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt, and are associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% Co over 1.37 metres and select grab samples returning up to 4% Co and 93.3 g/t Au. Locally significant nickel, copper and to a lesser extend lead, zinc and bismuth also occur within the quartz-carbonate veins.

About Power Americas Mineral Corp.

Power Americas Minerals Corporation is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals in North and South America. Power Americas’ acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, the OTC Pinks under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

January 23, 2018 : POWER AMERICAS BEGINS DRILLING ON THE KITTSON-COBALT PROJECT

Vancouver, British Columbia – January 23, 2018Power Americas Minerals Corporation (Power Americas” or the “Company“) (TSX-V: “PAM”) is pleased to announce it has commenced drilling on their 100% owned Kittson-Cobalt Project located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada.  A total of 18 holes for 2,000 metres are planned for following up on the results of the fall 2017 ultralight drill program (see news release January 16 2018).

Key Highlights:

  • 2,000 m helicopter supported diamond drill program now underway
  • 16 holes planned at the historic Shakt-Davis mine
  • 2 holes planned on the northern extension of the historic Edison mine
  • Drill holes lengths ranging from 75 to 250 metres will test mineralization both near surface and below historic workings

Jeffrey Cocks, President and CEO said: “The Shakt-Davis mine will be the initial focus, this historic mine is hosted by a relatively wide laterally extensive fracture zone hosted in a diabase dyke. This program which will test both the consistency and depth extent of cobalt mineralization within this structure.

The fracture zone with hosts the Shakt-Davis mine has returned grab samples up to 3.66% cobalt (see news release October 3 2017) and 1.62% Co over 0.3 meters in shallow drilling (See news release January 16 2018). The northern extension of the Edison mine hosts numerous historic trenches which have returned up to 0.49% Co in grab samples (see new release October 3 2017).

About the Kittson-Cobalt Project

The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Shakt-Davis and Cobalt-Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to that of the famous Cobalt Silver Camp Located ~15 km east of the Property, which produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the Kittson-Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt, and are associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% Co over 1.37 metres and select grab samples returning up to 4% Co and 93.3 g/t Au. Locally significant nickel, copper and to a lesser extend lead, zinc and bismuth also occur within the quartz-carbonate veins.

About Power Americas Mineral Corp.

Power Americas Minerals Corporation is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals in North and South America. Power Americas’ acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, the OTC Pinks under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

January 16, 2018 :POWER AMERICAS INTERSECTS 1.62% Co OVER 0.30 METRES AND 0.46% Co OVER 1.5 METRES IN DIAMOND DRILLING ON THE KITTSON-COBALT PROJECT

Vancouver, British Columbia – January 16, 2018Power Americas Minerals Corporation (Power Americas” or the “Company“) (TSX-V: “PAM”) is pleased to announce the results of their ultralight diamond drilling program on their Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada.

A total of seven shallow drill holes, totaling 161m, of BTW-size core were drilled beneath overburden-filled historic workings in the Shakt-Davis mine area. The program successfully intersected the fracture zone that hosts the Shakt-Davis mineralization over a strike length of 55 metres and to a maximum depth of 30 metres. The fracture zone ranged from 5 to 13 metres wide (drilled core length) and hosted several 0.1 – 1.0 metre quartz-carbonate veins surrounded by intense carbonate alteration. Fracture- and vein-controlled cobalt mineralization in the form of smaltite and erythrite (“cobalt bloom”) occurred throughout this zone with values as high as 1.62% Co over 0.3 metres.  A full list of significant intersections is provided in Table 1. below. Drill Location maps and cross sections can be found on the Company’s website by following: “Click here to view maps and cross sections.”

Table 1. Diamond Drilling Highlights.

Hole Number From (m) To (m) Width* (m) Co

wt.%

Au

g/t

Ag

 g/t

Cu

wt.%

Ni

wt.%

KIT-17-001 8.77 9.07 0.30 1.62 0.029 1.40 0.01 0.18
KIT-17-002 12.15 14.78 2.63 0.14 0.005 0.01 0.02 0.01
KIT-17-003 7.36 8.7 1.34 0.25 0.007 0.34 0.03 0.03
KIT-17-004 Hole abandoned before target depth
KIT-17-005 No Significant Results
KIT-17-006 11 12.2 1.50 0.46 0.012 0.20 0.04 0.05
And 18.32 19.35 1.03 0.12 0.109 0.01 0.00 0.02
KIT-17-007 15.72 16.6 0.88 0.37 0.009 0.60 0.02 0.06

*All reported widths are drilled core lengths.

Commenting on the latest results, Jeffrey Cocks, President and CEO said: “We’re highly encouraged by this initial drill program. These results represent the first drilling since the 1940’s at the Shakt-Davis mine and confirms the cobalt-rich nature of this extensive fracture zone. The fracture zone which hosts the Shakt-Davis mine is related to those which also host the Kittson and Edison mines to the north and east, respectively, cumulatively representing over 3km of strike length.”

 Mobilization and final planning of a follow up 2000 metre diamond drill program with a larger drill rig is currently underway, with drilling expected to begin by the end of January. The purpose of the winter drill program is to further test this mineralization at greater depths at Shakt-Davis and to test the northern extension of the Edison Mine. Further results will be released as they become available.

Sample Analysis and QA/QC

Split core samples were analysed for base metals including Co, Cu, Ni, Pb, and Zn among others, along with Au and Ag at Activation Laboratories in Thunder Bay, Timmins, and Ancaster, depending on the analytical package. The analytical codes used include 1A2-Au-50g (fire assay/AAS), 1E-Ag (aqua regia digest/ICP-OES), and 8-peroxide (Na2O2 digest/ICP-OES). Standards and blanks were inserted into the sample stream every 20 samples. The Co-bearing standard used in this program was sourced from CDN Resource Laboratories Ltd. of Langley, British Columbia.

About the Kittson-Cobalt Project

The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Shakt-Davis and Cobalt-Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to that of the famous Cobalt Silver Camp Located ~15 km east of the Property, which produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the Kittson-Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt, and are associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% Co over 1.37 metres and select grab samples returning up to 4% Co and 93.3 g/t Au. Locally significant nickel, copper and to a lesser extend lead, zinc and bismuth also occur within the quartz-carbonate veins.

About Power Americas Mineral Corp.

Power Americas Minerals Corporation is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals in North and South America. Power Americas’ acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, the OTC Pinks under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

h

2017 NEWS

December 18, 2017 : POWER AMERICAS DUE DILIGENCE SAMPLING ON NEWLY ACQUIRED KITTSON-COBALT PROJECT CLAIMS RETURNS UP TO 0.97% COBALT

Vancouver, British Columbia – December 18, 2017Power Americas Minerals Corp. (Power Americas” or the “Company“) (TSX-V: “PAM”) is pleased to announce the results of sampling and mapping which formed part of the Company’s due diligence on newly acquired claims to the southwest of the core Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada. The due diligence work consisted of reconnaissance geological mapping and prospecting with a total of 106 samples collected from historic workings, waste rock piles and bedrock. This work encountered anomalous cobalt mineralization in numerous undocumented workings (pits, shafts and trenches) over approximately three-kilometer strike length located in Nipissing diabase, similar to the mineralization at the Shakt-Davis mine. Significant samples collected are listed below in Table 1. and the locations of all samples are shown in Figure 1.

Table 1. Due Diligence Sampling Highlights.

Sample Number Co wt. % Au g/t Ag g/t Cu wt.% Ni wt. % Pb wt. %
468907 0.05 0.07 0.6 0.02 0.01 0.01
468959 0.17 0.15 0.7 0.00 0.01 0.01
468960 0.14 0.12 1.1 0.01 0.01 0.03
468961 0.08 0.03 34.6 0.60 0.01 2.18
468962 0.10 0.03 0.9 0.43 0.01 0.01
468970 0.04 0.02 3.0 1.68 0.02 0.03
469114 0.97 0.18 3.3 0.99 0.08 0.01
469159 0.09 0.02 0.8 0.10 0.02 0.05

 

\Figure 1. Sample locations. figure

The Company recently announced (see PAM news release 11-22-17) the acquisition of an additional 100% interest in 10 unpatented mining claims totaling 140 units having a combined area of approximately 2,240 hectares. Eight of the new claims are contiguous to Power America’s Kittson property located in the Coleman, Kittson and Brigstocke Townships of the Larder Lake Mining Division, in Northeastern Ontario. Two of the new claims are approximately 5 km south of the Kittson properties southern boundary. Closing of the above transaction is subject to receipt of all required documentation and final approval of the TSX Venture Exchange.

About the Kittson-Cobalt Project The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Shakt-Davis and Cobalt-Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to that of the famous Cobalt Silver Camp, which produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the Kittson-Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt, and are associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% cobalt over 1.37 meters and select grab samples returning up to 4% cobalt and 93.3 g/t gold. Locally significant nickel, copper and to a lesser extend lead, zinc and bismuth also occur within the quartz-carbonate veins.

About Power Americas Mineral Corp. Power Americas Minerals Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals in North and South America. Power America’s acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, the OTC Pinks under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

December 7, 2017 : POWER AMERICAS PROVIDES UPDATE ON 2017 EXPLORATION PROGRAM ON THE KITTSON COBALT PROJECT

Vancouver, British Columbia December 7, 2017Power Americas Minerals Corp. (Power Americas” or the “Company“) (TSX-V: “PAM”) is pleased to announce it has completed the 2017 exploration program on the Kittson Cobalt Project Located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada. The 2017 exploration program consisted of reconnaissance prospecting, geological mapping, and shallow diamond drilling using an ultralight man-portable drill rig. The primary focus of the 2017 exploration program was to define and better understand the historic cobalt mineralization on the project in order to develop drill targets for a future drill program. Preliminary prospecting results from this program returned up to 3.66% Cobalt (see PAM news release 10-03-2017). The drilling portion of the of the 2017 exploration program included seven drill holes, totaling 161m, of BTW core. This work was designed to test beneath overburden filled historic workings on the historic Shakt-Davis mine. The program successfully intersected the fracture zone that hosts the Shakt-Davis mineralization over a strike length of 55 metres. The fracture zone ranged from 5 to 13 meters wide (drilled core length) and hosted several 0.1-1.0 metre quartz-carbonate veins surrounded by intense carbonate alteration. Assay results are pending and will be released as they become available. Mapping and sampling was also completed as part of the Company’s due diligence on newly acquired claims to the southwest of the core property (see PAM news release 11-22-17). This work encountered numerous undocumented workings (pits, shafts and trenches) over approximately three kilometre strike length located in a Nipissing diabase, similar to the mineralization at the Shakt-Davis mine. Sampling results are pending and will be released as they become available. Closing of the above transaction is subject to receipt of all required documentation and final approval of the TSX Venture Exchange. The Company also announces that Neil Pettigrew, M.Sc., P.Geo., a current director has been appointed Vice-President of Exploration. The 2017 Kittson Cobalt Exploration Program has been under the direct supervision and management of Mr. Pettigrew and Fladgate Exploration Consulting Corp. Mr. Pettigrew has over 15 years of experience in the mineral exploration industry and worked for several junior and major companies, and held officer and director positions in several Junior companies. He has also worked for the Ontario Geological Survey as a Senior Precambrian Geoscientist. He is a founder, part-owner and vice-president of Fladgate Exploration Consulting Corp. a full-service mineral exploration consulting firm located in Thunder Bay ON. The company also announces the appointment of Janet Francis B.Sc. as it new corporate secretary. Ms. Francis has 12 years’ experience in the field of regulatory compliance and corporate governance, most recently as director of a private company providing corporate secretarial services to public companies listed on the TSX, TSX Venture, and Canadian Securities Exchanges, and to other reporting issuers.  Ms. Francis is an officer or director of several listed issuers. Dianne Szigety has resigned as the Company’s previous corporate secretary. Finally, the Company is granting 2,500,000 incentive stock options to certain officers, directors, consultants and employees of the company to purchase up to a total of 2,500,000 common shares of the company at a price of 20 cents per common share for a period of five years. The stock options are subject to the terms of the company’s stock option plan and regulatory approval. The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., Vice President, Exploration, and a director of the Company, and the Company’s Qualified Person as defined by National Instrument 43-101.

About Power Americas Mineral Corp Power Americas Minerals Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, copper and other energy metals in North and South America. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, the OTC Pinks under the symbol “PWMRF” and on the Frankfurt Exchange under the symbol “VV0”. Power America’s acquisition strategy focuses on acquiring affordable, cost effective and highly regarded mineral properties in areas with proven geological potential. These areas include historical and currently producing mines with existing infrastructure. This strategy includes acquiring 100% interests in mineral properties, with no payment terms or work program commitments that would threaten a junior mining company’s financial stability. The Company believes it can create maximum shareholder value efficiently and cost effectively implementing this acquisition strategy. Power Americas believes that the demand profile for Lithium, Cobalt and other essential power related materials will be fundamentally led by the growing adaptation of electric vehicles, renewable energy and increased production of super alloys. With a focus on identifying and developing ethically sourced materials within the Americas, the Company intends to address the growing demand for energy metals that are being driven by innovation and the introduction of new technologies.

The stock options are subject to the terms of the Company’s stock option plan and regulatory approval. On behalf of the Board of Directors:

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

November 22, 2017 : POWER AMERICAS ACQUIRES ADDITIONAL LAND AT KITTSON

Vancouver, British Columbia November 22, 2017Power Americas Minerals Corp. (Power Americas” or the “Company“) (TSX-V: “PAM”) is pleased to announce the acquisition of an additional 100% interest in 10 unpatented mining claims totaling 140 units having a combined area of approximately 2,240 hectares. Eight of the new claims are contiguous to Power America’s Kittson property located approximately 8 km northwest of the town of Latchford and 120 km by road north of North Bay in the Coleman, Kittson and Brigstocke Townships of the Larder Lake Mining Division, in Northeastern Ontario. Two of the new claims are approximately 5 km south of the Kittson properties southern boundary. This newly acquired ground has prospective geology covering Nipissing diabase and is interpreted to host the western extension of the Shakt-Davis and Edison mine structures.  Two separate claims ~5 kilometres south of the Kittson property cover a cobalt showing which has returned up to 0.14% Cobalt and 0.68 g/t gold listed in the Ontario Geological Surveys Mineral Deposit Inventory (MDI31M05SW00020) and previously held by Tri-Origin Exploration. Power Americas can acquire 100% interest in the properties under the terms of a share purchase agreement for a purchase price of $1,430,000 payable by the issuance of 13,000,000 common shares of the Company at a deemed price of $0.11 per share.  This transaction is subject to TSX Venture Exchange approval. The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a qualified person as defined by National Instrument 43-101.

About Power Americas Mineral Corp Power Americas Minerals Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, copper and other energy metals in North and South America. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM”, the OTC Pinks under the symbol “PWMRF” and on the Frankfurt Exchange under the symbol “VV0”. Power America’s acquisition strategy focuses on acquiring affordable, cost effective and highly regarded mineral properties in areas with proven geological potential. These areas include historical and currently producing mines with existing infrastructure. This strategy includes acquiring 100% interests in mineral properties, with no payment terms or work program commitments that would threaten a junior mining company’s financial stability. The Company believes it can create maximum shareholder value efficiently and cost effectively implementing this acquisition strategy. Power Americas believes that the demand profile for Lithium, Cobalt and other essential power related materials will be fundamentally led by the growing adaptation of electric vehicles, renewable energy and increased production of super alloys. With a focus on identifying and developing ethically sourced materials within the Americas, the Company intends to address the growing demand for energy metals that are being driven by innovation and the introduction of new technologies.

The stock options are subject to the terms of the Company’s stock option plan and regulatory approval.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

November 13, 2017 : POWER AMERICAS CLOSES PRIVATE PLACEMENT, POWER AMERICAS GRANTS STOCK OPTIONS

Vancouver, British Columbia November 13, 2017 –Power Americas Minerals Corp. (“Power Americas” or the “Company”) (TSX-V: “PAM”) announces it is granting 300,000 incentive stock options to certain officers, directors, consultants, and employees of the Company to purchase up to a total of 300,000 common shares of the Company at a price of $0.12 per common share for a period of three years.

The stock options are subject to the terms of the Company’s stock option plan and regulatory approval.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

November 6, 2017 : POWER AMERICAS CLOSES PRIVATE PLACEMENT

Vancouver, British Columbia November 6, 2017 –Power Americas Minerals Corp. (“Power Americas” or the “Company”) (TSX-V: “PAM”) is pleased to report it has closed its non-brokered private placement previously announced on October 30, 2017, for gross proceeds of $750,000.00 The non-brokered private placement consisted of 15,000,000 Units at $0.05 per Unit. Each Unit consists of one common share and one share purchase warrant, exercisable to acquire an additional common share at $0.10 per share for a two-year period from the date of issue of the warrant. All securities issued above are subject to a hold period expiring on March 2, 2018, being four months and one day after closing of the private placement. The Company has paid $ ________ cash in finder’s fees on the private placement. Proceeds of the private placement will be used for work on the company’s mineral properties and general working capital.

The private placement is subject to TSX Venture Exchange final approval.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

Oct 30, 2017 : POWER AMERICAS ARRANGES $750,000 FINANCING

Vancouver, British Columbia October 30, 2017 –Power Americas Minerals Corp. (“Power Americas” or the “Company”) (TSX-V: “PAM”) announces that, subject to regulatory approval, it intends to complete a non-brokered private placement of 15,000,000 Units at $0.05 per Unit. Each Unit consists of one common share and one share purchase warrant, exercisable to acquire an additional common share at $0.10 per share for a two year period from the date of issue of the warrant. All of the securities issuable will be subject to a four month hold period from the date of closing. Finders’ fees may be payable in connection with this private placement.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

Oct 3, 2017 : POWER AMERICAS INITIAL PROSPECTING ON KITTSON COBALT PROJECT RETURNS UP TO 3.66% COBALT

Vancouver, British Columbia October 3, 2017 –Power Americas Minerals Corp. (“Power Americas” or the “Company”) (TSX-V: “PAM”)  is pleased to announce the results of an initial prospecting program on their Kittson Cobalt Project Located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada. The Program consisted of reconnaissance prospecting and geological mapping. The primary focus of the program was to outline the historic showings with enough accuracy to develop drill targets for future programs. While it is known that numerous historic trenches, pits, shafts and adits from the early 1900’s are located on the property, the historic data does not include detailed descriptions sufficient to develop a detailed geological map or the size and location of many of these pits and trenches. The prospecting program successfully located numerous shafts, pits and trenches and the bulk of the sampling was completed on waste rock piles from these historic workings. A total of 45 samples were collected, of which thirteen samples returned greater than 1% cobalt and six samples returned greater than 3% cobalt. A complete list of all samples collected are listed below in Table 1. and the locations of samples are shown in Figure 1. Table 1. Reconnaissance Prospecting Highlights

Sample Number Co wt. % Au g/t Ag g/t Cu wt.% Ni wt. %
           
469001 1.58 3.85 2.9 <0.01 0.55
469002 3.23 0.09 3.9 0.03 0.44
469003 2.13 0.04 4.6 0.01 0.28
469004 1.44 0.02 2.2 0.02 0.16
469005 2.02 0.01 1.5 0.05 0.19
469006 0.19 3.58 0.6 <0.01 0.050
469007 0.12 0.61 3.8 7.12 0.026
469008 0.00 0.04 10.3 3.25 <0.01
469009 0.01 0.01 0.5 0.10 0.01
469010 0.01 0.02 1.5 1.76 0.01
469018 0.94 0.01 0.9 <0.01 0.08
469019 3.59 0.03 1.7 0.04 0.58
469020 3.66 0.04 2.8 0.01 0.50
469021 0.72 0.01 0.6 <0.01 0.07
469022 3.32 0.03 1.3 0.03 0.36
469023 1.42 0.01 3.5 0.16 0.14
469024 3.11 0.02 4.9 0.17 0.31
469025 1.89 0.09 0.7 0.02 0.43
469026 0.78 0.02 0.2 <0.01 0.11
469027 0.52 0.01 0.3 <0.01 0.06
469028 3.41 0.03 0.7 <0.01 0.36
469029 1.01 0.01 0.6 0.01 0.07
469030 0.14 0.01 < 0.2 <0.01 0.02
469031 0.02 <0.01 < 0.2 0.02 0.01
469032 0.30 0.03 < 0.2 <0.01 0.04
469033 0.20 0.05 0.2 0.01 0.03
469034 0.77 0.08 < 0.2 0.01 0.14
469035 0.24 0.02 0.2 0.04 0.04
469036 < 0.01 <0.01 < 0.2 <0.01 <0.01
469037 0.00 <0.01 0.5 0.20 0.01
469038 0.14 0.04 10.9 0.01 0.03
469039 0.14 0.39 0.4 <0.01 0.02
469040 0.43 0.01 0.3 0.01 0.05
469041 0.49 0.02 0.3 0.04 0.06
469042 0.48 0.02 3.2 0.08 0.06
469044 0.15 0.01 3.1 1.26 0.02
469045 0.14 0.01 6.6 2.60 0.02
469047 0.14 0.01 2.8 0.54 0.02
469048 0.13 0.01 2 0.17 0.02
469049 0.23 0.01 1.4 0.21 0.02
469050 < 0.01 <0.01 < 0.2 0.03 <0.01
469051 < 0.01 <0.01 0.2 0.17 <0.01
469052 < 0.01 <0.01 < 0.2 0.08 <0.01
469053 0.00 <0.01 < 0.2 0.02 0.01

An extensive literature research was also undertaken to gather more information on the historic small-scale mines on the property. The Literature review provided enough information to generate rough underground workings for both the Shakt Davis and Kittson mines. In total the Property hosts four shafts, the deepest extending down to 628 feet, one adit and over 2,500 feet of lateral workings, as shown in (Figure 1.) The Mineralization at Kittson Cobalt occurs in Proterozoic aged quartz-calcite veins hosted in brittle shears in diabase dykes and sills. This style of mineralization is similar to that of the famous Cobalt Silver Camp which produced 420 million ounces of silver with cobalt as a significant by product. The mineralization at the Kittson Cobalt project differs from the typical Cobalt Silver Camp veins in that they are lower in silver content but richer in cobalt and are associated with significant gold. Historic reports from the Shakt Davis mine on the Kittson Cobalt project indicate values of 1.5% cobalt over 1.37 meters and select grab samples returning up to 4% cobalt and 93.3 g/t gold. The recent prospecting program supports these historic reports with grab samples from waste rock piles returning up to 1.58 % cobalt with 3.85 g/t gold and 2.9 g/t silver. Locally significant nickel, copper and to a lesser extend lead, zinc and bismuth also occur within the quartz-carbonate veins. The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a qualified person as defined by National Instrument 43-101.

About Power Americas Mineral Corp Power Americas Minerals Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, copper and other energy metals in North and South America. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM” and on the Frankfurt Exchange under the symbol “VV0”. Power America’s acquisition strategy focuses on acquiring affordable, cost effective and highly regarded mineral properties in areas with proven geological potential. These areas include historical and currently producing mines with existing infrastructure. This strategy includes acquiring 100% interests in mineral properties, with no payment terms or work program commitments that would threaten a junior mining company’s financial stability. The Company believes it can create maximum shareholder value efficiently and cost effectively implementing this acquisition strategy. Power Americas believes that the demand profile for Lithium, Cobalt and other essential power related materials will be fundamentally led by the growing adaptation of electric vehicles, renewable energy and increased production of super alloys. With a focus on identifying and developing ethically sourced materials within the Americas, the Company intends to address the growing demand for energy metals that are being driven by innovation and the introduction of new technologies.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:

“Jeffrey Cocks”

Jeffrey Cocks
President

For more information please contact:
Howard Milne V.P. Business Development

Tel: (604) 377-8994 Email: hdmcap@shaw.ca
Website: www.poweramericascorp.com

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

Sept 22, 2017 : POWER AMERICAS COMPLETES SHARE CONSOLIDATION

Power Americas Minerals Corp has approved a share consolidation of the Company’s issued and outstanding common shares (the “Consolidation”) at a ratio of four (4) pre-consolidation shares to one (1) post-consolidation share (the “Conversion Ratio”). read more

August 21, 2017 : POWER AMERICAS ANNOUNCES ANNUAL MEETING RESULTS

Vancouver, British Columbia August 21, 2017Power Americas Minerals Corp. (Power Americas” or the “Company“) (TSX-V: “PAM”) announces the results of an Annual and Special Meeting held on Friday, August 18, 2017 (the “Meeting”). All incumbent directors: being Jeff Cocks, Howard Milne, Jim Place, Chris Hobbs and Neil Pettigrew were re-appointed to act as directors for the ensuing year.   All other resolutions were unanimously passed at the Meeting, including special resolutions to adopt new Articles for the Company, and advance notice provisions for the orderly appointment of directors, as more particularly set out in the Company’s Information Circular dated July 27, 2017. About Power Americas Mineral Corp Power Americas Minerals Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, copper and other energy metals in North and South America. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “PAM” and on the Frankfurt Exchange under the symbol “VV0”. Power America’s acquisition strategy focuses on acquiring affordable, cost effective and highly regarded mineral properties in areas with proven geological potential. These areas include historical and currently producing mines with existing infrastructure. This strategy includes acquiring 100% interests in mineral properties, with no payment terms or work program commitments that would threaten a junior mining company’s financial stability. The Company believes it can create maximum shareholder value efficiently and cost effectively implementing this acquisition strategy. Power Americas believes that the demand profile for Lithium, Cobalt and other essential power related materials will be fundamentally led by the growing adaptation of electric vehicles, renewable energy and increased production of super alloys. With a focus on identifying and developing ethically sourced materials within the Americas, the Company intends to address the growing demand for energy metals that are being driven by innovation and the introduction of new technologies.   On behalf of the Board of Directors:                                   For more information please contact:                                                                                                      Howard Milne V.P. Business Development   “Jeffrey Cocks”                                                                          Tel: (604) 377-8994   Email:  hdmcap@shaw.ca                                                                                                      Website: www.poweramericascorp.com Jeffrey Cocks President           Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.     NOT FOR DISSEMINATION IN THE UNITED STATES

May 31, 2017 : Power Americas Begins Exploration Program on the Kittson Cobalt Project

Power Americas Minerals Corp.’s is pleased to announce the exploration program has begun on its 100% owned Kittson Cobalt property, located approximately 8 km northwest of the town of Latchford, ON and 120 km by road north of North Bay, ON. read more

April 20, 2017 : Power Americas Announces New Director and Corporate Appointments

Power Americas Minerals Corp.’s is pleased to announce the appointment of Mr. Neil Pettigrew, M.Sc., P.Geo. to its board of directors and to provide an update on the Kittson Project’s 2017 exploration program. read more

March 21, 2017: Power Americas to be Quoted on the USA OTC Market.

Power Americas Minerals Corp.’s is pleased to announce that it has been cleared by the Financial Industry Regulatory Authority (FINRA) and will be quoted on the OTC Markets in the United States under the symbol PWMRF. read more

March 16, 2017: Power Americas Acquires Additional Exploration Permits on the Spirit River Lithium Project.

The Province of Alberta has approved Power Americas Minerals Corp.’s application for a 100-per-cent undivided interest in a further six metallic and industrial minerals exploration permits. read more

March 1, 2017: Power Americas Signs Letter Of Intent to Acquire the Farellon Cobalt, Copper, Gold Project.

Power Americas Minerals Corp. (“Power Americas” or the “Company”) (TSX-V: “PAM”) is pleased to announce that it has signed a Letter of Intent (the”LOI”) with Red Metal Resources Ltd. (“Red Metal”) to acquire on the exercise of three separate options a one hundred percent (100%) interest in the Farellon Property, a one hundred percent (100%) interest in the Perth Property and a one hundred percent (100%) interest in the Mateo Property. read more

February 17, 2017: Victory Ventures to Change Name to Power Americas Minerals Corp.

Victory Ventures Inc. announces it has changed its name to “Power Americas Minerals Corp.” Management feels the new name will better reflect the Company’s current exploration focus on cobalt, lithium, and other energy metals. read more

February 1, 2017: Victory Grants Stock Options

Victory Ventures Inc. announces it is granting 5,000,000 incentive stock options to certain officers, directors, consultants, and employees of the Company. read more

January 23, 2017: Victory to Acquire the Kittson Cobalt Property

Victory Ventures Inc. has entered into an option agreement to acquire a 100%- interest in the Kittson Colbalt Property, located in the Kittson and Coleman Townships of the Larder Lake Mining Division, in Northeastern Ontario. read more

January 13, 2017: Victory Ventures Terminates Option Agreement On Copau Property

Victory Ventures Inc. announces that it has given notification to Polaris Capital Ltd. (the “Optionor”) that, pursuant to an Option Agreement dated January 17, 2012, it will not proceed with the 4th Year cash payment and share issuance requirements, therefore the Option is terminated and the Copau Claims have been returned to the Optionor. read more

January 11, 2017: Victory Begins Exploration Program on the Spirit River Lithium Project and New Corporate Appointments.

Victory Ventures Inc. is pleased to announce its initial Exploration Program has begun on the Spirit River Lithium Project, located northwest of the Fox Creek-Swan Hills area in the Peace River District of Alberta Canada. read more

h

2016 NEWS

December 20, 2016: Victory Ventures Completes Private Placement.
Further to its news release dated December 2, 2016, Victory Ventures Inc. reports that it has completed a private placement financing of 25,000,000 Units at $0.02 per Share. The Shares are subject to a hold period expiring April 21, 2017. read more
December 8, 2016: Appointment of Director.
Victory Ventures Inc. (the “Company”) announces that, in conjunction with a private placement of 25,000,000 shares announced on December 2, 2016, Jeffrey A. Cocks has been appointed as a director of the Company. read more
December 2, 2016: Victory Ventures Arranges $500,000 Private Placement at $0.02 Per Share.
Victory Ventures Inc. announces that, subject to TSX Venture Exchange acceptance to a pricing waiver, it is proceeding with a non-brokered private placement of up to 25,000,000 Shares at $0.02 per Share to raise gross proceeds of up to $500,000. read more
November 1, 2016: Corporate Update and Private Placement.
Victory Ventures Inc. reports that, further to its news releases dated May 5, July 21, and August 18, 2016, it is actively in discussion with another company engaged in the Alberta Lithium Brine area for a possible joint venture with our large Alberta lithium in brine property. read more
August 18, 2016: Victory Ventures’ Lithium Brine Acquisition Finalized.
Victory Ventures Inc. reports that the Province of Alberta has approved the transfer to the Company of a 100% undivided interest in four contiguous metallic and industrial minerals exploration permits covering four townships northwest of the Fox Creek-Swan hills area in the Peace River District. read more
August 11, 2016: Victory Ventures Announces Results of Annual General Meeting of Shareholders.
Victory Ventures Inc. (the “Company”) is pleased to announce that all resolutions presented at the Company’s annual general and special meeting held on August 9, 2016 passed unanimously. read more
July 26, 2016: Victory Ventures Completes Offering at $0.025 Per Unit.
Victory Ventures Inc. has completed a non-brokered private placement of two million units at a price of 2.5 cents per unit for gross proceeds of $50,000. read more
July 22, 2016: Victory Ventures Arranges Private Placement at $0.03 Per Unit.
Victory Ventures Inc. (the “Company”) announces that, subject to TSX Venture Exchange acceptance to a pricing waiver, it is proceeding with a non-brokered private placement of up to 2,000,000 Units at $0.03 per Unit to raise gross proceeds of up to $60,000. read more
July 21, 2016: Victory Ventures Provides Update on Alberta Lithium in Well Brine Targets.
Victory Ventures Inc. is pleased to report that, further to news release dated May 5, 2016, the Company has registered extra-provincially in the Province of Alberta and made has made application to the Province of Alberta for the transfer of a 100% interest in four contiguous townships northwest of the Fox Creek-Swan hills area in the Peace River Arch originally acquired by its agent. read more
June 15, 2016: Victory Ventures Proceeds with Offering at $0.025 Per Unit.
Further to its news release dated June 10, 2016 the Company is pleased to announce that it has received TSX Venture Exchange acceptance of a pricing waiver. The Company is proceeding with a non-brokered private placement of up to 2,000,000 Units at a price of $0.025 per Unit to raise gross proceeds of up to $50,000. read more
June 10, 2016: Victory Ventures Arranges Financing.
Victory Ventures Inc. announces that, subject to receipt by the TSX Venture Exchange of a pricing waiver, it intends to carry out a non-brokered private placement of up to 2,000,000 Units at a price of $0.025 per Unit to raise gross proceeds of up to $50,000. read more
June 3, 2016: Appointment of Directors and Grant of Stock Options.
Victory Ventures Inc. announces that Mr. Greg Thomson has resigned as a member of the board of directors. The Company thanks Greg for his contribution to the Company. The Company has appointed Mr. Marty Bastedo in Mr. Thomson’s stead, as well as Mr. James Place as an additional director. Both Mr. Bastedo and Mr. Place have previously served as advisors to the Company. read more
May 5, 2016: Victory Ventures Targets Lithium Brines in West Central Alberta.
(“Victory or the “Company”) reports that an agent on behalf of the Company has submitted four metallic and industrial exploration applications to the Province of Alberta to acquire a 100% undivided interest in four contiguous townships northwest of the Fox Creek-Swan hills area in the Peace River Arch. read more

http:/poweramericascorp.com info@poweramericascorp.com

Tel: 604-687-4719 Fax: 604-687-4778

Suite 1080, 789 West Pender StreetVancouver, BC, V6C 1H2

DISCLAIMER

The Power Americas Minerals Corporation’s (the Company) website is provided as a convenience to the Company’s shareholders and the public. The statements and communications contained in the Company website are intended for information only. None of them constitutes a solicitation, an offer or a recommendation to buy or sell securities, or to conduct other transactions. No warranty, either express, or implied, is given for the information and opinions published on the website. Actions based on statements made therein are the responsibility of those who take them. The Company therefore disclaims all liability for damage which may result directly and indirectly from the use, performance or consultation of the Company web site, in connection with access to the website itself or other websites linked to it.

Subscribe To Recieve News and Updates

Join our mailing list to receive the latest PAM news and updates.

You have Successfully Subscribed!