Power Metallic Mines Expands Exploration Arsenal with Cutting-Edge Geophysical Surveys at Nisk Project

• Most Recent Update (May 27, 2026): Power Metallic expands summer exploration at the Nisk Project with three advanced geophysical surveys: Ambient Noise Tomography (ANT), Gravity Survey, and SQUIDs.
• Drilling Plan: Mobilization underway for over 30,000 meters of exploration drilling across the enlarged Nisk land package over the next two quarters of 2026.
• Survey Details:
  • SQUIDs survey by DIAS Geophysical targeting magnetic anomalies in Lion and Lion West areas.
  • Gravity Survey by TMC Geophysique modeling high-density targets for massive sulphide deposits.
  • ANT Survey by Caur Technologies/Geosig Inc. 3D modeling ultramafic hosts at Nisk Far West Target.
• Regional Work: Lake sediment survey and field mapping set to begin post-snow melt.
• Contextual News (May 26, 2026): High-grade copper intercepts reported at Lion Zone (e.g., 4.07m @ 8.73% CuEqRec) with exceptional metallurgical recoveries (98.3% Cu recovery). Updated NI-43-101 Mineral Resource Estimate (MRE) expected late July 2026.
• Strategic Context (May 19, 2026): Joint Venture agreement signed with Amaar United Mining Company for Saudi Arabia exploration licenses (50/50 ownership structure).

• News Impact: The geophysical expansion is a logical follow-up to the May 26 drill results and the May 19 Saudi JV. It confirms management's commitment to de-risking the Nisk project through advanced technology before the July MRE.
• Market Expectation: Given the "fully funded" status mentioned in prior releases (June 2025), this program expansion is largely priced in as routine execution rather than a surprise catalyst.
• Saudi JV Context: The May 19 Saudi agreement remains the most material strategic shift, diversifying assets but introducing foreign jurisdiction risk. It does not immediately impact Nisk valuation but adds optionality.
• Resource Timeline: Accelerated MRE timeline (July 2026) is a key positive driver, potentially re-rating the stock if grades hold.
• Risk of Disappointment: If geophysical targets fail to align with drill results or metallurgy declines in future tests, sentiment could reverse quickly given the speculative nature.

• Company: Power Metallic Mines Inc. (TSX.V: PNPN | OTC: PNPNF).
• Flagship Project: Nisk Polymetallic Project, Quebec, Canada.
• Asset Focus: Lion Zone discovery characterized by high-grade Copper, Nickel, PGEs (Palladium/Platinum), Gold, and Silver.
• Project Status: Exploration/Development phase; targeting maiden Mineral Resource Estimate (MRE) in Q3 2026.
• Land Package: Approximately 313 km² total controlled land (including Li-FT acquisition).
• Geology: Volcanogenic-massive-sulphide style mineralization with ultramafic host rocks.
• Management: Terry Lynch (CEO), Joe Campbell (VP Exploration/Qualified Person).