Power Metal Resources plc (LON: POW) the AIM listed metals exploration and development company is pleased to announce an update regarding the maiden drill programme targeting the discovery of nickel and platinum group metals ('PGM') at the Haneti Nickel Project ('Haneti' or the 'Project') in Tanzania.

Power Metal holds a 35% ownership interest in Haneti with 65% held by Katoro Gold plc (LON: KAT)('Katoro').

Paul Johnson Chief Executive Officer of Power Metal Resources plc commented: 'Today's announcement represents a watershed moment in the life of the Haneti Project with the maiden drilling programme now underway.

The Project is prospective for both nickel sulphide and PGM mineralisation and the targets form part of an 80 km long ultramafic rock complex that we believe has the potential to deliver a large-scale metal discovery.

With Haneti a discovery can only be achieved through drilling and we are particularly excited to see this drilling programme now fully underway.'

Contact:

Paul Johnson

Tel: +44 (0) 7766 465 617

Notes to Editors

Power Metal Resources plc (LON: POW) is an AIM listed metals exploration and development company seeking a large scale metal discovery.

The Company has a global portfolio of project interests including precious metals exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage prospects currently subject to drill programmes.

The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company's position to become a leader in the London market for investors wishing to gain exposure to proactive global metals exploration.

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