Powermax Minerals Initiates 2026 Field Exploration at Cameron Rare Earth Element Project in British Columbia

Overview and Scope of the 2026 Exploration Program

Powermax Minerals has commenced field operations for its three-week 2026 exploration program at the Cameron REE Project near Revelstoke, British Columbia, where the company holds a 100% interest. The program is designed to follow up on encouraging outcomes from prior stream sediment, soil, and rock geochemical surveys conducted on the property.

The focus of the exploration is to refine and prioritize REE targets for future trenching and drilling evaluations. An experienced exploration team will conduct the work using road access supplemented by limited helicopter support as needed. The company anticipates completing the program within approximately three weeks.

Exploration Techniques and Technical Approach

The 2026 program incorporates multiple technical methods to advance target delineation. Activities include detailed geological mapping and prospecting across priority REE target zones, known pegmatite occurrences, and historical thorium-uranium showings. Selective rock sampling will target pegmatites, altered zones, and promising outcrops.

Infill soil sampling will be conducted along previously identified REE anomaly corridors to enhance anomaly resolution, while additional stream sediment sampling in secondary tributaries and upstream drainages will help constrain potential bedrock sources. Ground radiometric surveys using handheld gamma-ray spectrometers will investigate radiometric anomalies linked to prospective geological units. All geological, geochemical, and radiometric datasets generated will be integrated to identify and prioritize targets for follow-up exploration.

Prior Exploration Findings and Target Identification

Earlier exploration at the Cameron Property revealed multiple REE anomalies from stream sediment, soil, and selective rock sampling across various target areas. Previous results showed elevated light rare earth oxide (LREO), heavy rare earth oxide (HREO), and total rare earth oxide (TREO) values, alongside mapped pegmatites and historical thorium-uranium occurrences.

These findings have highlighted several priority exploration corridors warranting further investigation. The release references a 2025 stream sediment assay map illustrating total rare earth element distribution across the project area. The current Phase 1 program aims to deepen understanding of these targets and refine priorities for subsequent exploration phases.

Objectives and Target Refinement Strategy

The 2026 exploration program’s primary objectives include refining the location and continuity of previously identified REE target corridors, better defining potential bedrock sources responsible for anomalous geochemical signatures, and enhancing geological understanding of pegmatite-hosted REE mineralization.

Another key goal is integrating geological, geochemical, and radiometric data to prioritize targets for future trenching and drilling. This systematic approach facilitates advancing the property from early-stage reconnaissance to more detailed evaluation. The integration of datasets into a comprehensive target ranking model will support planning for trenching and initial drilling.

Quality Assurance and Sampling Protocols

Powermax Minerals adheres to industry-standard exploration protocols for the 2026 program. Rock samples will be collected from representative outcrops, pegmatites, altered zones, and mineralized float based on observed lithology, alteration, structural features, and mineralization. Soil samples will be taken from the B-horizon where feasible, following standard procedures.

Stream sediment samples will be gathered from active drainage channels within target catchments, with locations recorded via handheld GPS. All samples will be securely bagged and transported under chain of custody by company personnel to an independent accredited laboratory. Ground radiometric measurements obtained using handheld gamma-ray spectrometers serve as field screening tools and do not represent direct element concentration or economic mineralization determinations.

Management Insights on Exploration Strategy

Paul Gorman, Chief Executive Officer of Powermax Minerals, stated: "We are pleased to initiate this critical 2026 exploration program at the Cameron REE Project. Building on encouraging prior results, this program integrates geological mapping, geochemical sampling, and targeted geophysical surveys to better define and prioritize exploration targets. We look forward to completing the program and leveraging the results to guide the next exploration phase."

His comments underscore the company’s methodical approach to advancing the property and the integration of diverse data sets to inform future exploration decisions. The statement reflects management’s confidence in the project’s potential based on prior successes.

Early-Stage Exploration Status and Cautionary Notes

The announcement includes cautionary statements emphasizing the Cameron REE Project remains at an early exploration stage. The presence of geochemical or radiometric anomalies does not necessarily indicate economically recoverable mineralization.

Future exploration, including trenching or drilling, depends on current program results and receipt of required permits. This standard industry language highlights risks and uncertainties inherent in early-stage mineral exploration. Investors should recognize that exploration outcomes may not support further work or lead to economically viable discoveries.

Qualified Person Review and Compliance

Technical information in the announcement has been reviewed and approved by Afzaal Pirzada, P.Geo., director of Powermax Minerals and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. This independent professional review ensures compliance with Canadian securities standards for mineral exploration disclosure.

Engagement of a Qualified Person to review and approve technical content is a standard requirement for Canadian-listed mineral exploration companies, providing investor assurance regarding the quality of disclosed information.

Company Portfolio and Strategic Context

Powermax Minerals is a Canadian mineral exploration company with multiple REE projects across Canada and the U.S. Besides the Cameron REE property in British Columbia, the company holds options to acquire prospective REE projects at Atikokan, Hopkins, and Pinard properties in Ontario. It also owns 100% of the Ogden Bear Lodge REE project in Crook County, Wyoming.

The Cameron REE Project is a key asset in the company’s portfolio, and the 2026 program launch demonstrates active investment in advancing Canadian REE exploration. The geographic diversity of its properties reflects a broader strategy to develop multiple REE prospects in promising geological settings.

Forward-Looking Statements and Risk Factors

The announcement contains forward-looking statements concerning the program’s scope, objectives, timing, planned geological and geochemical activities, data integration, target prioritization, and advancement plans for the Cameron REE Project.

These statements are based on management’s current expectations and assumptions as of the announcement date, including weather, property access, contractor and equipment availability, lab turnaround times, financing, and program completion. Risks include adverse weather or access, permitting or mobilization delays, contractor or equipment issues, lab processing delays, exploration plan changes, geological uncertainties, mineral exploration risks, commodity price and financial market fluctuations, and the possibility that exploration results may not support further work or economic mineralization. Readers are cautioned against undue reliance on forward-looking statements.