Powermax completes magnetic survey at Atikokan

Mr. Paul Gorman reports POWERMAX MINERALS COMPLETES HIGH-RESOLUTION AIRBORNE GEOPHYSICAL SURVEY AT THE ATIKOKAN RARE EARTH ELEMENT PROPERTY, ONTARIO Powermax Minerals Inc. has successfully completed a high-resolution helicopter-borne magnetic and radiometric survey over its Atikokan rare earth element (REE) property, located in Northwestern Ontario. The survey was conducted by Geo Data Solutions GDS Inc. (GDS) of Laval, Que. Survey overview The survey comprised a total of 1,409 line kilometres of high-resolution magnetic and gamma-ray spectrometric data acquisition. Flight lines were spaced at 50 metres, with tie lines at 500 metres, providing detailed coverage for geological and structural interpretation. The Eurocopter Astar 350BA+ helicopter operated at an average terrain clearance of 44 metres, maintaining tight drape control for optimum data quality. All data acquisition, calibration and processing were completed according to the specifications of Natural Resources Canada (NRCan) and the International Atomic Energy Agency (IAEA) airborne gamma-ray spectrometry standards. Survey objectives and quality The survey's primary objectives were to refine structural and lithological interpretations, delineate magnetic trends, and identify zones of elevated potassium, thorium and uranium signatures -- potential indicators of lithological changes or mineralized systems within the Atikokan metasedimentary belt intruded by massive biotite granites. All field and processing work met contract specifications. GDS reports that magnetic noise levels were well within acceptable limits, GPS (Global Positioning System) positioning and drape-following performance were of high accuracy, and gamma-ray spectrometry data calibration (potassium, uranium and thorium) yielded consistent and reliable results. Data processing and deliverables Postflight data processing was performed using Geosoft Montaj and Praga NASVD software to enhance signal-to-noise ratio and produce high-fidelity data sets. Deliverables include full digital databases, GeoTIFF maps, and a digital terrain model at 1:30,000 scale (NAD83 UTM Zone 15N). The company will further process the data and integrate the survey results with historical and current geological, geochemical and structural data sets to define new exploration targets for follow-up fieldwork. Management comment Paul Gorman, chief executive officer of Powermax Minerals, commented: "Completion of this high-resolution airborne survey marks a major step forward in advancing our Atikokan REE property. The quality of the data is excellent and will allow us to enhance our understanding of the structural framework that controls mineralization in this underexplored part of the Atikokan metasedimentary belt. We look forward to integrating these geophysical results with ongoing geological interpretation and ground follow-up work." Next steps The company will now undertake a comprehensive processing and interpretation of the magnetic and radiometric data sets in conjunction with historical mapping and recent sampling/geological mapping program results. This integrated approach will guide for the next phase of exploration, including trenching and diamond drilling if required over prospective anomalies. Qualified person The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, PGeo, who is a director of the company and a qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects. About Powermax Minerals Inc. Powermax Minerals is a Canadian mineral exploration company focused on advancing rare earth element projects. The company holds an option to acquire the Cameron REE property, comprising three mineral claims totalling approximately 2,984 hectares in British Columbia. Powermax also optioned to acquire the Atikokan REE property, consisting of 455 unpatented mining claims in Northwestern Ontario. Powermax also owns a 100-per-cent interest in the Ogden Bear Lodge project in Crook county, Wyoming. We seek Safe Harbor.