Powermax Minerals begins geophysical survey at Atikokan

Mr. Paul Gorman reports POWERMAX MINERALS ANNOUNCES COMMENCEMENT OF AIRBORNE GEOPHYSICAL SURVEY AT ATIKOKAN REE PROPERTY, NORTHWESTERN ONTARIO Powermax Minerals Inc. has commenced a high-resolution helicopter-borne magnetic and gamma-ray spectrometric survey over the company's Atikokan REE (rare earth element) property (blocks A, B and C) in Northwestern Ontario. Powermax has engaged Geo Data Solutions GDS Inc. of Laval, Que., to conduct the survey. The program will cover approximately 1,388 line kilometres with 100-metre traverse line spacing and 500-metre tie lines, utilizing an AS350 BA+ helicopter, a Geometrics G-822A cesium magnetometer and a Radiation Solutions RSX-5 spectrometer. Deliverables will include processed magnetic products (residual total field, first vertical derivative), radiometric products (potassium per cent, equivalent uranium, equivalent thorium, dose rate), and element ratios (uranium/thorium, uranium/potassium, thorium/potassium), together with a final report and Geosoft-format data and grids. Objectives and rationale The airborne survey is designed to rapidly refine geological structure, map lithological variations and highlight radiometric anomalies associated with REE-bearing systems. Results will be further processed and integrated with surface mapping and geochemical data to generate and prioritize targets for subsequent fieldwork. Technical overview (summary) Contractor: Geo Data Solutions GDS (IAGSA (International Airborne Geophysics Safety Association) member); Platform: AS350 BA+ helicopter (or equivalent); Magnetics: Geometrics G-822A cesium sensor with real-time compensation; Radiometrics: Radiation Solutions RSX-5 (four downward crystals plus one upward crystal); Coverage: approximately 1,388 line kilometres; 100-metre lines/500-metre ties; NAD83 UTM Zone 15N; Products: magnetic (RTP/residual, 1VD), DEM; K per cent, eU, eTh, dose rate; U/Th, U/K, Th/K; PDF maps, Geosoft line database and grids; final technical report. Planned timeline Subject to weather and operational conditions, GDS anticipates efficient daily production and delivery of final processed data sets and report shortly after acquisition is complete. Integration with the 2025 exploration program This airborne survey represents a key component of the company's broader phase 1 exploration program announced earlier this month, which includes: Desktop compilation and GIS (geographic information system) modelling to integrate historical geological, geophysical and geochemical data sets; Prospecting and geological mapping to identify and characterize pegmatite zones and mineralized structures; Geochemical sampling, including rock, soil, and stream sediment sampling; Ground radiometric surveys using hand-held scintillometers to support anomaly validation. Data from the airborne program will be merged with these surface results to refine geological interpretations and prioritize high-potential REE targets for detailed follow-up exploration in 2026. Chief executive officer statement "Launching this airborne program is an important step in advancing our Atikokan REE portfolio," said Paul Gorman, CEO of Powermax. "High-resolution magnetics and spectrometry are proven tools for vectoring toward REE-prospective lithologies and structures, and we look forward to translating these results into ranked drill-ready targets. By integrating airborne and ground-based data sets, Powermax aims to establish a comprehensive understanding of the property's subsurface geology and identify priority zones for rare earth element exploration." Project significance The Atikokan property is strategically located within a prospective rare metal corridor of the Superior province, where previous surveys have documented REE-enriched granitic and pegmatitic systems. The coming program aims to confirm these regional geochemical trends and delineate potential mineralized zones suitable for detailed follow-up work, including trenching and diamond drilling. Atikokan property overview The Atikokan property comprises three claim blocks (A, B and C) covering a total of approximately 9,290 hectares. The property is underlain by Archean granodiorite-granite, tonalite, diorite-monzodiorite and gneissic complexes that are known to host pegmatites and rare metal mineralization, including REEs, uranium, thorium and niobium. Regional geochemical and radiometric data from the Ontario Geological Survey have outlined several lake sediment anomalies that form the focus of this phase of work. The company also announces that it has granted 200,000 stock options to a consultant of the company, pursuant to its omnibus plan, at an exercise price of 96 cents per share. The options will be exercisable for a period of five years and will vest four months and one day following the grant date. The company has granted 1.65 million restricted share units (RSUs) to certain directors, officers and consultants of the company, pursuant to the company's omnibus plan. The options and RSUs granted under the omnibus plan are subject to shareholder approval at the company's next annual general meeting. 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.