Completion of Initial Minestarters Investment

16 October 2025

Power Metal Resources PLC

("Power Metal" or the "Company")

Completion of Initial Minestarters Investment

Power Metal Resources PLC (AIM: POW, OTCQB: POWMF), the London-listed natural resources exploration company and project incubator with a global project portfolio, is pleased to announce the legal completion of its proposed initial 35 per cent investment in Kingia FZCO ("Kingia"), a company incorporated as a Freezone Company in Dubai (announced 4 September 2025). Kingia will be renamed Minestarters in due course. Minestarters is an institutional-grade, blockchain-enabled Decentralised Finance ("DeFi") Tokenisation Platform.

Power Metal holds an option to increase its holding to up to 49 per cent for a further £2 million share subscription in cash, subject to milestone delivery.

About Minestarters

Minestarters plans to be the first DeFi platform to offer investors regulated, compliant and transparent access to mineral exploration and development through the US$25 billion - and growing - RWA tokenisation market. As well as the ability to invest in the portfolio, the platform will offer automated benefit sharing, 24/7 liquidity and project transparency.

Minestarters tokens will give investors access to a curated portfolio of global exploration and development projects. As these projects advance, the Minestarters platform aims to capture and distribute their real-world value growth, simultaneously benefitting investors whilst directing essential funding to a pipeline of highly prospective mining assets. This provides global investors with direct, liquid exposure to an asset class that has traditionally been difficult for retail investors to access, and for institutions to access efficiently.

Through this innovative approach, Minestarters aims to bridge the early-stage funding gap by channeling at least one per cent of the US$200 billion annual investment into the mining sector through its blockchain-enabled platform.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. For further information please visit https://www.powermetalresources.com/ or contact:

NOTES TO EDITORS

Power Metal Resources plc (AIM: POW, OTCQB: POWMF) is a London-listed natural resources exploration company and project incubator which finances and manages global resource projects and is seeking large scale metal discoveries.

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa, Saudi Arabia, Oman and Australia.

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.

Value generated through disposals will be deployed internally to drive the Company's growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.