Acquisition Completed Of Ogden Bear Lodge REE Project

VANCOUVER – Powermax Minerals Inc. has completed the acquisition of the Ogden Bear Lodge REE Project in Crook County, Wyoming from 1357508 BC LTD. via the purchase from 1357508 of all of the shares of its formerly wholly-owned subsidiary, Goldenears Exploration Corp., pursuant to the terms of a share purchase agreement
The Property is comprised of 22 federal unpatented lode mining claims totalling 184 hectares. The Property is strategically located in the Bear Lodge Mining District, located in Crook County in northeast Wyoming, an active mining region since the discovery of gold in 1875 near Warren Peak. Exploration activity in the district has historically targeted gold, rare earth elements (REEs), barium, copper, lead, zinc, manganese, niobium, tantalum, thorium, fluorine, and phosphate.