Directorate Change

Power Metal Resources plc (AIM:POW), the London listed exploration company with a global project portfolio, announces a board change.

Owain Morton, Non-executive Director, will step down from the board with immediate effect due to other work obligations as outlined below.

Mr Morton took up the role of Non-executive Director with the Company in October 2022 and subsequently in July 2023 as Director - Technology and Innovation at Ma'aden in Saudi Arabia. Reflecting this new role Mr Morton is unable to continue as Non-executive Director with the Company.

The Board is currently considering a number of outstanding candidates to join the Power Metal Board and further announcements are expected to be made in due course.

Scott Richardson-Brown, Chairman of Power Metal Resources plc, commented:

"As a Board, we are sad to see Owain step down, but of course fully understand that his new role necessitates this. Owain has become a firm friend of the business and we wish him well in a region where Power Metal also shares strong ambitions.

Recognising the growth in Power Metal, and with a number of what we consider to be strategically key developments pending, we have been working to further enhance the Board of the Company. To this end we have been engaged in discussions with highly influential candidates for Board roles and hope to make further announcements in this regard as soon as possible."