ePower Metals Inc. entered into a binding letter of intent, dated April 22, 2019, with Minera Alamos Inc. for the assignment of the option to earn a 100% interest in the Los Reyes Gold Project. The company also announced certain changes to its board of directors and management. Effective immediately, Andrew Bowering, Gregory Liller and Jorge Ramiro Monroy have been appointed to the board of directors.

Andrew Bowering has been appointed as Chief Executive Officer, Gregory Liller has been appointed as Chief Operating Officer and Alex Langer has been appointed as Vice-President of Capital Markets. Alan Savage, Gregg Bruce and Fred Tejada have resigned from the board of directors. Michael Collins has stepped down from his position of Chief Executive Officer and President and will continue with the company as a director and Vice-President of Operations.

The new management team has come together to secure Los Reyes and will turn its focus to the immediate development of Los Reyes following completion of the Transaction. Subject to completion of the Transaction, it is anticipated that Bruce Durham will join the board of directors as MAI's nominee. Andrew Bowering is a venture capitalist with 30 years of operational experience and leadership in mineral exploration and development worldwide.

He has founded, funded and built teams that have operated numerous companies in the pursuit of precious, base and industrial metals from early exploration through to production. Mr. Bowering is an owner and founder of Sunrise Drilling Ltd. Gregory Liller has more than 40 years experience in mineral exploration and mine development. Jorge Ramiro Monroy is a Founder and Managing Director of Emerging Markets Capital.

Bruce Durham has been involved in the mining and exploration industry for over 40 years and is currently the President and CEO of Nevada Zinc Corporation. Alex Langer is a successful public markets specialist with over 15 years.