Change of accounting reference date

Power Metal Resources plc (AIM: POW, OTCQB: POWMF) (the "Company"), the London-listed exploration company with a global project portfolio, is pleased to announce that its accounting reference date has been changed to 31 December, in order to provide the Company with greater flexibility to complete its audit after those of its subsidiaries, a significant number of which have year ends of 30 September. As a result, the current accounting period will be extended to 15 months, and will end on 31 December 2024.

Following the 15 month period, future results will follow a standard timetable of interim accounts for the six months to 30 June and full year audited results to 31 December.

The Company expects to publish its audited accounts for the 15 months ending 31 December 2024 in early June 2025 and by no later than 30 June 2025 in any event.