Vancouver, B.C. – January 17, 2017 – Power Metals Corp. (the “Company”) (TSX.V: PWM) announces the grant of 4,000,000 incentive stock options to officers, directors, employees and consultants of the Company. The options are exercisable at a price of $0.23 per share for a period of five years from the date of grant.

ON BEHALF OF THE BOARD OF DIRECTORS

Johnathan More, CEO

646-661-0409

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