Toronto, Ontario – September 17, 2018 – Power Ore (“Power Ore” or the “Company”) (TSX.V: PORE) is pleased to announce it has completed a drone-based aerial photographic and magnetic survey on its 100% owned cobalt and silver Mann Mine located in the Gowganda–Cobalt district of Ontario.  The Company has posted the Ultra High Resolution images on its website and are available here:

Image 1: Raw High Resolution Photo Mosaic of Mann Mine Property

Image 2: Outline of Stockpiles & Waste Areas for Sampling in Fall 2018 Exploration Program

Image 3: Zone D & Ramp Outlines with Proposed Drill Holes to expand Zone’s Known Mineralisation

Image 4: Channel Sampling Area and Surface Expression of Zone D Mineralisation 

The airborne images are a photo-mosaic that covers the area surrounding the historic Mann Mine.  The main purpose of this high resolution imaging is to locate the Mann’s multiple stockpiles and tailings dumps so that our team can sample the surface mineralisation for high grade silver and cobalt and to assist with our upcoming field work in September.  Moreover, with the discovery of the location of Zone D to the south of the stripped outcrop we will prospect the area in more detail.

“The detail of the high resolution image is truly amazing and is really helping our interpretation and planning for our sampling program later this month.  For example we were perplexed as to why the stripped outcrop which sits right above Zone D, returned only weak values on channel sampling.  But the properly georeferenced super high resolution image clearly shows that the surface projection of Zone D is actually just to the south of the outcrop beneath shallow overburden,” said Charles Beaudry, V.P. Exploration

Mann Mine Historical Production

The Mann Mine was the subject of underground mining and exploration in the late 1910’s, in the early 1950’s and 1970’s and in the mid 1980’s, during which time a total of 5 shafts and 1 ramp were excavated and over 328,000 ounces of silver were produced (see Power Ore Technical Report on Sedar).  This long history resulted in the creation of several stockpiles and waste dumps on the property, many which are overgrown with vegetation and had been difficult to identify.  The airborne survey has provided  high resolution colour imagery including a lower resolution survey that covers all the 1.5 square kilometres of the targeted area and a much higher resolution survey that covers the old workings and will allow us to generate detailed topographic contours and a digital elevation model in the deforested areas..  A low resolution image is shown in figure 1 but the full resolution imagery is available on the Mann Mine project page on the company’s website (https://www.powerore.com/mann-mine-property/).

Airborne Magnetic Survey

In addition to the High Resolution Imagery, a magnetic survey was simultaneously completed at 50 metre flight line spacing. The magnetic survey will assist in interpreting the mineralized structures which we suspect may be causing demagnetization of the Nippissing Diabase, which hosts the silver and cobalt mineralization on the property.  This effect makes the magnetics a potential method to follow the mineralization.  The survey was flown on north-south lines in order to best resolve the east-west striking veins and preliminary results seem to confirm this interpretation.  The data for the magnetic survey is still being processed and will be presented as soon as it is completed.

QP Statement

The technical information contained in this news release has been reviewed and approved by Charles Beaudry, P.Geo, Director and Vice President Exploration for PowerOre Inc., who is a Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.”

For information and updates on Power Ore, please visit: www.powerore.com  

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To speak to the Company directly, please contact:

Stephen Stewart, Chief Executive Officer

Phone:  416.644.1571

Email:  sstewart@powerore.com

www.powerore.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Power Ore is a trade name of PowerOre Inc. PowerOre Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to PowerOre Inc. Additional information identifying risks and uncertainties is contained in filings by PowerOre Inc. with Canadian securities regulators, which filings are available under PowerOre Inc. profile at www.sedar.com.