POWR Lithium Corp. Congratulates American Lithium’s Increased Resource Estimate and Positive PEA

Neighboring company increases resource to Halo project property boundary

VANCOUVER, Feb. 07, 2023 - POWR Lithium Corp. (CSE: POWR) (FRA: 6JX / WKN: A3D6BS) (OTCQB: PWRLF), formerly Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (OTCQB: CSKYF) (“POWR” or the “Company”), a mineral exploration and development company focused on American lithium deposits to support domestic demand, is excited by the recent American Lithium Corp. (“American Lithium”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) announcements of technical reports detailing their expanded TLC Project Mineral Resource Estimate and positive Preliminary Economic Assessment (“PEA”).

The TLC Project is located in the Esmerelda lithium district northwest of Tonopah, Nevada and lies directly adjacent to POWR’s Halo property. See American Lithium’s press release titled: American Lithium Files Updated Mineral Resource Technical Report on TLC Supporting Large Increase in Lithium Resources and Technical Report TLC Property Nye County, Nevada, USA (on SEDAR) for full details.

American Lithium’s maiden PEA for the TLC project details a positive base case of an after-tax NPV8% US$3.26 Billion & After-tax IRR of 27.5%.

Company CEO, Patrick Morris, notes, “We have been looking forward to the release of American Lithium’s updated technical reports since they first indicated they were expanding their TLC project resource in December. This new information, along with the upcoming results from our in-progress geophysics program, will allow us to refine our future exploration and drilling plans. More broadly, the announcement of a positive PEA shows the potential of lithium claystone in this region. I am excited for our year ahead as we work to advance our projects and provide shareholder value.”


About POWR Lithium Corp. (CSE: POWR) (FRA: 6JX / WKN: A3D6BS) (OTCQB: PWRLF)

POWR Lithium is an exploration and development company dedicated to the advancement of North American lithium deposits to support domestic demand. The Company holds interests on the Halo and Eli properties in Nevada. The Company is also focusing on the development of claystone extraction and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner. Find out more visit www.powrlithium.com and watch our video.

POWR Lithium advises the public that as part of its disclosure obligations as a public issuer, all material and regulatory filings can be found on www.sedar.com. We also invite the public to visit our website at www.powrlithium.com and to sign up to our “news alerts” to be advised of future news releases and related company information. Please also ensure you watch our video which is now available on the website.


On Behalf of The Board of Directors,

Sincerely,
~Patrick Morris~



Patrick Morris
Chief Executive Officer, POWR Lithium Corp.



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This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the Company using the information from American Lithium’s PEA and the Company’s geophysics program to refine its future exploration and drilling plans.

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CONTACT INFORMATION

POWR Lithium Corp.
Investor Relations
Email: info@powrlithium.com
Phone: +1 (778) 383-7240
www.powrlithium.com