Power Metals Corp. announced the appointment of Mr. Gerry Brockelsby, CFA as Chief Executive Officer. Mr. Brockelsby has over 45 years of experience in the investment industry in both the equity and debt markets covering a wide range of companies both public and private, from micro-caps to large capitalization companies in a variety of industries.

For eight years Gerry was Chief Investment Officer for the Inco Pension Plan where he managed equity and bond portfolios in addition to overall asset mix of the $1 billion plan. During this period with Inco, he also gained intimate knowledge and experience in the mining industry. In 1989, he formed Marquest Asset Management Inc. a registered investment management firm which went on to manage assets for several major pension funds.

In the following years, Marquest built a successful high net worth fund business offering various specialty fund mandates to investors including the management of resource flow-through funds. Over the course of Gerry's career, he gained extensive experience as a seasoned investor in the resource sector and has developed a sound reputation with both resource companies and investors. Upon retiring from Marquest, Mr. Brockelsby formed StoneGate Securities Ltd. to provide advisory and investment banking services to the mining community and continue to pursue his passion for investing in the resource sector.

Mr. Brockelsby will replace the Company's founder, Johnathan More. Mr. More will continue to serve as the Company's Chairman to the Board.