Powermax Minerals Commences Airborne Geophysical Surveys and Field Exploration Programs at Pinard and Hopkins REE Properties, Ontario

Executive Summary

• Powermax Minerals Inc. has commenced high-resolution helicopter-borne geophysical surveys and field exploration programs at its Pinard and Hopkins rare earth element (REE) properties in Ontario.
• The airborne surveys will collect magnetic, radiometric, and VLF-EM data across approximately 2,942 total line-kilometres to define geological structures, alteration patterns, and potential REE exploration targets.
• Field prospecting, mapping, and sampling are underway to complement the airborne data, with results to be integrated for target prioritization; no targets have been confirmed yet as data processing is ongoing.

Key Details

• Properties: Pinard and Hopkins REE properties, Ontario
• Survey Contractor: Geo Data Solutions GDS Inc. (GDS)
• Pinard Survey Specs: ~1,319 line-kilometres total, comprising ~1,145 line-kilometres of traverse lines (50m spacing) and ~174 line-kilometres of tie lines (350m spacing)
• Hopkins Survey Specs: ~1,623 line-kilometres total, comprising ~1,409 line-kilometres of traverse lines (50m spacing) and ~214 line-kilometres of tie lines (350m spacing) across Hopkins West and Hopkins East blocks
• Data Collection Systems: Magnetic, radiometric spectrometric, and VLF-EM systems
• Flight Equipment & Methodology: Astar 350D helicopter or equivalent; GPS navigation; planned 3D drape flight surface; subject to terrain, weather, and aviation safety requirements
• Quality Control: GDS conducting field QC monitoring including flight-path positioning, aircraft altitude/speed, magnetic diurnal variations, radiometric system performance, and VLF-EM signal quality
• Field Programs: Commenced prospecting, geological mapping, and sampling at both properties to follow up on geological trends, assess radiometric/magnetic interest, identify favourable host rocks/structures, conduct handheld scintillometer surveys, and collect rock/soil samples
• Data Status & Next Steps: Airborne survey data not yet fully processed or interpreted; no exploration targets confirmed; results will be integrated with available geological information to prioritize follow-up exploration; further updates expected as data compilation and analytical results become available
• Qualified Person: Afzaal Pirzada, P.Geo., Director of the Company

Notable Quotes

• Paul Gorman, CEO: "The commencement of airborne geophysics and field exploration at Pinard and Hopkins represents an important step in advancing our Ontario REE portfolio. The combination of high-resolution magnetic, radiometric and VLF-EM data with prospecting, mapping and sampling will provide Powermax with a strong technical foundation to refine targets and guide the next phase of exploration."