

Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) announced that the release of its anticipated 2026 Mineral Resource Estimate (MRE) for the combined Nisk and Lion discoveries at its polymetallic Nisk project in Quebec has been delayed until the end of August due to scheduling constraints at the consulting engineering firm preparing the report. The company said it learned late last week that the engineering firm, which already has the information required from Power Metallic, has experienced delays in staff availability because of concurrent workloads across multiple projects.

Power Metallic Provides NISK update PR Newswire TORONTO, July 30, 2026 TORONTO, July 30

TORONTO, July 30, 2026 /PRNewswire/ -- Power Metallic Mines Inc. (the "Company" or "Power Metallic" ) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) announces that it learned late last week that its anticipated 2026 Mineral Resource Estimate (MRE) release on the combined Nisk and Lion discoveries will be postponed until the end of August. The consulting engineering firm engaged for the work has the information needed from the Company but concurrent work loads in multiple projects have delayed staff availability to finalize the MRE.

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Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) reported final assay results from its Winter 2026 drill program at the Lion Zone within its Nisk polymetallic project in Quebec, completing the drilling data set that will support the initial NI 43-101 mineral resource estimate (MRE). The company expects to complete and report the Lion and Nisk deposit MREs by the end of July.
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