POWER MINERALS LIMITED(PNN)

The suspension of trading in the securities of Power Minerals Limited will be lifted immediately following the release by PNN of an announcement regarding an acquisition.

The Lĺtio Project comprises three granted exploration permits, immediately adjacent and interpreted on strike from Summit Minerals' (ASX:SUM) Equador Niobium Project. Summit's Equador Project has returned very high grade niobium and tantalum sampling results of up to 53.07% Nb2O5 (niobium pentoxide); 47.17% Ta2O5 (tantalum pentoxide); and 24,760 ppm (2.47%) partial rare earth oxides. This includes 34.45% Nb2O5 and 47.17% Ta2O5 adjacent to Power's Lĺtio project. The two project areas are assessed as having similar geology. Outcropping pegmatites located at Lĺtio which will provide an initial exploration and drilling target for Power. Expedited exploration strategy underway designed to define initial priority drill targets "“ drilling planned calendar 2024. First samples collected with results expected in the coming weeks - expanded sampling program ongoing. Additional testing ongoing for Tourmaline. The acquisition reinforces Power's strategy as a South American-focused explorer and developer - focus on expediting exploration in Brazil and development of the Salta Lithium Project. Power working on realising value for its non-core Australian project portfolio.

The securities of Power Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNN, pending the release of an announcement regarding an acquisition.

The suspension of trading in the securities of Power Minerals Limited will be lifted immediately following the release by PNN of an announcement regarding a capital raising and a strategic acquisition.

The company releases a notice of proposed issue of securities.

Capital Raise to raise ~$1,025,211.20 from sophisticated, professional and institutional investors, by way of: Placement to raise $668,051.20 via the issue of up to 4,771,793 ordinary fully paid shares at an issue price of $0.14 per Share; Placement excludes participation by Directors, who intend to subscribe for 357,143 Shares, raising an additional $50.000.02 (subject to shareholder approval); and Loyalty Option Entitlement Offer to raise $307,160.00 on a 1:3 basis with options issued at $0.01 and exercisable at $0.30, expiring 5 years from date of issue. Funds to be used for: Exploration and development of core Rincon and Incahuasi salares at Salta Lithium Project; Project access and exploration at the Musgrave Project; and Working capital.

The securities of Power Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNN, pending the release of an announcement regarding a capital raising and a strategic acquisition.

The suspension of trading in the securities of Power Minerals Limited is expected to be lifted from the commencement of trading on Monday, 11 March 2024 following the release by PNN of an announcement attaching the orders from the Supreme Court of Western Australia.

The Supreme Court of Western Australia heard the Company's application seeking orders in relation to the Company's inadvertent error in not lodging a cleansing notice pursuant to section 708A(5)(e) of the Corporations Act in the required timeframe for various issues of shares between 2018 and 2023. The Company has been granted the orders, as set out in the attached notice, and anticipates the trading of its securities will recommence when the market opens on Monday, 11 March 2024.

The company releases a Cleansing Notice.

The company releases a notification regarding unquoted securities.

The company releases a notice of proposed issue of securities.

The voluntary suspension is pending the release of an announcement in relation to the outcome of the Court hearing of the Application scheduled to occur on Friday 8 March 2024 at a time not before 10:00am (WST). Securities will remain in voluntary suspension until the announcement to the market of the outcome of the Court hearing.

The securities of Power Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PNN, pending the release of an announcement regarding an application to the Supreme Court of Western Australia.

name changed from Pepinnini Minerals Limited