Power Metal Resources PLC Regulatory News (POW)

10 September 2014 Sula Iron & Gold plc ("Sula" or the "Company") Appointment of Adviser Sula Iron & Gold plc, a multi-commodity exploration company focused on SierraLeone, is pleased to announce the appointment of Strand Hanson Limited ("StrandHanson") as the Company's financial adviser with immediate effect. Commenting on the appointment, Nick Warrell, Chief Executive of Sula said: "We are delighted to have appointed Simon and theteam at Strand Hanson asSula's financial adviser. Strand Hanson is a renowned sector specialist and hasextensive knowledge and experience of working with African resources companies.We are entering an extremely exciting phase of our development, especially withour maiden JORC MRE expected over the coming months; having Strand Hansonalongside our wider advisory team should enable us to realise our fullpotential." Commenting on the appointment, Simon Raggett, Chief Executive of Strand Hansonsaid: "We have been tracking Sula's progress since the beginning of the year and wehave been impressed with the major progress made by the Company to date. LikeSula's management, we believe there to be significant value within Sula'sFerensola project and we look forward to working with Sula to help deliver thatvalue." Enquires: Sula Iron & Gold plc +44 (0) 20 7583 8304Nick Warrell / Matt Woodwww.sulaironandgold.com Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900James Caithie / Avi Robinson Daniel Stewart & Company Plc (Broker) +44 (0) 20 7776 6550Martin Lampshire Strand Hanson (Financial Adviser) +44 (0) 20 7409 3494Simon Raggett / James Harris Yellow Jersey PR +44 (0)7768 537 739Dominic Barretto / Kelsey Traynor