Ma x Re s o urce Confirms Continua tion of Mine ra liza tion from Unde rground Channel Sampli ng Program on the M ora Gold Silver Property in Colombia

Ma x Re s o urce Confirms Continua tion of Mine ra liza tion from Unde rground

Channel Sampli ng Program on the M ora Gold Silver Property in Colombia

V ancouver B.C., February 26, 2026 – MAX RESOURCE CORP. (“M ax” or the “Company”) (T SX .V : M A X ; OT C: M X ROF;

Fra nkfurt: M1D2) is pleased to announce the Company’s in -country team has successfully completed systematic metre -

by-metre rock chip channel sampling (“Channels”) of the mi neralized v ein structures and from the h angingwall of the ve in

along the entire 47.5m of tunnels in the El Oso underground (“U/G”) mine within the NAN target; one of 19 past and 5 a c tive

mines identified on the Mora Gold Silver Property (“M ora” or the “Property”) situated in the M armato gold district, 70 km

south of M edellin, Colombia (refer to Figures 1 to 6 and T able 2).

Th e program s form part of the M ining T echnical W ork Plan (“PT O”) to permit drilling a nd small- s cale production . In to t a l, 87

rock samples were collected (83 original and 4 duplicates) ; 46 from mineralized veins and 41 from host rock and the

hangingwall; for total of 42 channels perpendicular to t he minera lized veins. M apping and channel s ampling wa s

conducted along the entirety of both lev els: the 37.5m M ain Le ve l and the 10.0m Upper L ev el.

The El Os o U/G (active 2012 – 2015) drive n a t a zim uth of 295°, is located at the lower most southern portion of a 5,000m

lo n g NW s t riking minera lized corridor which ex tends towards the Mora Property’s BQ and BX targets , approximately 700m

higher in eleva tion. T he gently s loping tunnels ha ve an average height of 2.0m, width of 1.6m , horizontal depth of 37. 0m.

Explora tion a ctivities to date : Over the last 3 months , M ax ’ s team conducted topographic and geological mapping of

his toric m ines /a dits and outcrops , with the initia l objective of outlining the continuity and widths of the 5,000m Ma rm a t o-

type minera lized corridor from NAN t o the BQ/BX targets to the northwest . The NA N target li es at the same elevation to the

neighbouring M armato Deeps deposit (refer to Figures 1 and 2).

M ax adv ises i nv estors that the gold minerali zati on at M armato may not necessari ly by i ndi cati v e of simi lar mi nerali zation at the M ora. M ax further adv ises the QP has been unable to

verify the information on M armato that the information is not necessarily i ndicative to the mineralization on the M ora.

M ining T echnical Work Plan (“PT O”): Is underway over the NAN target area , including components for a mine exploitation

plan and baseline environmental survey , which permits drilling a nd small- scal e production. T he Company recently

completed an ai rborne L iD A R surv ey to obtain a high- resolution topographic base to produce orthophotos to assi st in

identifying s tructures , folds , fa ults /fra ctures and adi ts to unlock the full potential of the M ora mineralized corridor.

El Os o U/G channels : The objective of the channel sampling program is to gain an understanding of the mineralization

and structure of the El Oso vein sy stem and the greater 5 ,000m mineralization corridor through sampling along strike

on two lev els. T he channel sampling should demonstrate continuity of mineralization and grade with in one of the key

structures within the highly prospectiv e v ein sy stem. W e look forward to recei v i ng the assay results of this initi al

underground channel sampling campaign in short order.

El Cielo U/G mine: Channel sampling at the El Cielo UG is underway , also active 2012 – 2015 and located along trend

100m NW of El Oso. T he 60.3m long El Cielo tunnel, 2m by 1.3m, depth of 37.0m was driven at azimuth 319°, sub -

parallel to El Oso. A series of ex posed polymetallic structures 2,500m by 1,000m , 19 past and 5 active mines /a dits

along the 5, 000m minerali zed corridor appear s to demonstrate the M armato deposit is part of a prolific minera lized

sy stem, the mi nes/adi ts and elevations are prov iding a v iew of the minera lized system in three dimensions .

“W e are ex tremely pleased wi th the El Os o channel sampling a s it demonstrat es the continuity of the mineralization and

structure which appears to trend onward to the E l Ci elo mine, suggesting the M ora mineralized corridor has potential bulk -

size targets . The underground channel s a m pling campaign a ls o de ris ks drilling ta rge ts,” commented Ma x C EO, Bre tt

Ma t ic h .

“We continue the M ora campaign, as Collective M ining continues to advance their Guay abales proj ect drilling on trend to

the M ora northern boundary and the NW end of the 5,000m Mo ra mi nerali zed corri dor a nd Aris Mining recently reported on

increasing the M armato annual gold production to 200,000ozs by 2026Y E. Concurrently, we continue to work toward filing

t h e P TO (Mining Te c hnic a l Work Pla n) whic h pe rm its small- scale producti on and drilling,” he con cluded .

Figure 1: L ocations of Apollo/Ramp B-B¹, M armato and M armato D eeps C-C¹, BQ Ta r g e t A-A¹ a n d NAN Ta r g e t D-D¹ Se c tions

and the El Os o U/G and the El Cielo U/G

https://www.max resource.com/images/news/426db46519ee857b35e7114e9e1db8401496cec3.png

Figure 2: A pollo/R amp B-B¹ (1,900m A SL ), M armato (1,500m ASL), M armato D eeps (1,100m A SL ) C-C¹,

BQ Ta r g e t A-A¹(1,500m A SL ) and NAN Ta r g e t D-D¹ (800m A SL ) – SW to NW Se c tio ns

https://www.max resource.com/images/news/4c51cdd8eb8e64177cb18d1b0cf1a2f808b5d85c.png

M ax adv i ses i nv estors that the gold mi nerali zati on at M armato or Guay abales may not necessari ly by i ndi cati v e of si mi lar mi neralization at the M ora. M ax further advises the QP has been

unable to verify the information on M armato and Guy abales that the information is not necessarily indicative to the mineralization on the M ora.

Figure 3: V ein extent and channel locations within the El Oso U/G mine

Figure 4: L ocation of the El Oso and El Cielo UG m ine s

Figure 5: El Os o U/G vein channel locati on number G509588 - ref er to Figure 3

Figure 6: Mo ra Property i s located al ong the producti v e M i ddle Cauca Gold B elt

Name Highlights R ef erence

La Min a Resource: 33.77M t at 1.06 g/t A uEq. For 1.15M ozsEq. https://goldmining.com/projects/colombia/la -m ina-project/

Titiribi M. Resource: 85M t at 1.06g/t A uEq. For 1.69M ozEq. https://www.goldmining.com/projects/colombia/titiribi -project/

I . Resource: 349M t at 0.55g/t A uEq. For 6.2M ozEq.

Miraflora M & I R esource: 6.1M t at 2.62 g/t A u For 0.51 Mo z https://tigergoldco.com/quinchia -project/

Gramalote I . Resource: 192.7M t at 0.68g/t A u For 4.2M oz https://www.b2gold.com/operations -projects/ov erview/default.aspx #probable

Se rgovia P& P Reserv e: 4.367M t at 10.7 g/t A u for 1.5M ozs https://aris -mining.com/operation/reserv es -and -resources/

M & I Resources: 7.4M t at 15.3g/t A u for 3.626M ozs

L a Colosa I . Resource: 821.67M t at 0.85g/t A u for 22.5M ozs https://portergeo.com.au/database/mineinfo.php?mineid=mn1441

I . Resource: 242.51M t at 0.78g/t A u for 6.09M ozs

Nuevo Chaquiro I . R esource: 604.5 M t at 0.65%Cu, 0.32 g/t A g, 116ppm M o and 0.32g/t A u for 6.1M ozs https://portergeo.com.au/database/mineinfo.php?mineid=mn1501

M armato Deposit P& P Reserv e: 31.28M t at 3.16 g/t A u for 3.178M ozs https://aris -mining.com/operation/reserv es -and -resources/

M & I Resource: 61.50M t at 3.03 g/t A u for 5.997M ozs

I nferred Resource: 35.60M t at 2.43 g/t A u for 2.787M ozs

Buritic á P& P Reserv e: 3.8M ozs at 6.9g/t A u& 13M ozs at 24g/t A g in 15.61M t https://www.zijinmining.com/global/program -deta il-71741.htm

M & I Resource: 4.4M ozs at 8.9g/t A u& 14.6M ozs at 29g/t in 14.02M t

I nf. Resource: 5.1M ozs at 8.9g/t A u& 18M ozs at 29g/t A g in 16.2M t

Ta b le 1: R ef erences f or Figure 1

Gold Silve r Channel UTM ID

45.0 g/t 7,110 g/t 1.0 metre 432432E/604753N (1) 2012

27.0 g/t 732 g/t 1.0 metre 4324 45E/604726N (2) 2012

43.0 g/t 187 g/t 1.0 metre 430940 E/604972 N (3) 2012

36.7g/t 2.0 metre 431876E/604452N (4) 2012

8.9 g/t 75 g/t 1.5 metre 431090E/6027832 N (5) 2012

21.0 g/t 156 g/t 1.0 metre 435336E/603379 N (6) 2025

Ta b le 2: 2012 channel cuts (1 to 5) and 2025 c hip channel at t h e NAN from Figure 1

Quality A ssurance

M ax adheres to a strict QA /QC program for sample handling, sampling, sample transportation and analyses. A ll 21 rock

samples were taken by the M ax consulting geologist, labelled, placed in sealed, securiti zed bags and shipped to A L S L ab's

sample preparati o n facility in M edellin, Columbia. A L S M edellin is an I SO 9001: 2008 certified facility and is independent of

M ax . A ll samples were anal y zed using A L S procedure M E-I CP61, a four-acid digestion with inductively coupled plasma

finished. Over-limit gold is determined by A L S procedure A u-G RA2 1 a 30-gram fire assay with a grav i metri c f ini sh. Ov er-

limit silv er, lead, arsenic and zinc were determined by A L S procedure OG-62, a four-acid digestion with an atomic

absorption spectroscopy finish.

At this ea rly s tage of exploration, Ma x relied on the QA /QC protocols employed by A L S.

Qualified Person

T he Company 's di sclosure of a techni cal or sci entif ic nature in thi s news release was rev iewed and approv ed by T i m

Henneberry , P.Geo (B riti sh Columbia), a member of the M ax R esource adv isory board, who serv es as a qualifi ed person

under the definition of National I nstrument 43 -101.

Florá lia High Purity Iron Project in Bra zil

Florália lies adjacent to the largest iron ore mines in M inas Gerais, Brazil's largest iron ore and steel producing State.

Ex ploration T arget of 50-70M t at 55%-61% Fe. Fully funded through an option to purchase by Bolt M etals Corp (CSE: BOL T )

is s uing a n aggrega te of 32.3m shares. T he transaction is subject to satisfactory applicable regulatory approvals.

On February 23, 2026 , B olt M etals Corp. announced the closing of a Pri v ate Placement offe ring aggregate gross proceeds

of $6,000,000.

M ax cautions investors the potential quantity and grade of the iron ore is conceptual in nature, and further cautions there h as been i nsuf f i ci ent ex plorati on to def i ne a mi neral resource

and M ax i s uncertai n i f f urther ex plorati on wi ll result i n the geologi cal target bei ng deli neated as a mi neral resource. Hemati te mi nerali zati on tonnage potenti al esti mati on i s based on i n

situ high-grade outcrops and i nterpreted and modelled magneti c anomali es. D ensi ty v alue used f or the esti mate i s 2.8t/m³. Hemati te samp le grades range between 55 -61% Fe. T he 58

channel samples were collected for chemical analysis from in situ outcrops in previously mined slopes of industrial materials .

Corporate

Further to the Company’s news release dated January 13, 2026, whereby the Company engaged 1502655 B.C. L td. to

prov ide marketing and inv estor rel ati ons serv ices to the Company , the Company wi shes to clari fy that the total marketing

budget of US $400,000 wa s paid on an up -front ba s is .

A bout M ax R esource Corp.

Max Resource is a mineral exploration company focused on copper and precious metals assets in Colombia (M ora Gold

Silve r and the fully funded Sierra A zul Copper Silver project ) and ex ploration development of the fully funded Florá lia High

Purity Iron project in Bra zil.

• Sierra A zul Copper Silve r in Colombia, sits along the Colombian portion of the world's largest producing copper

belt (A ndean belt), with world-class infrastructure and the presence of global majors (Glencore and Chev ron). F ully

funded by global miner Freeport -M cM oRan ( N YS E : F C X) relating to rights to earn up to 80% by funding $50 million

of accumulated ex penditures . Backed by support of Freeport-M cM oR an the team v i ews as v alidati on of the

geological and mining potential of S ierra A zul. T he 2026 ex plorati on season i s well underway .

For more information visit on M ax Resource: https://www.max resource.com/

For additional information contact:

Tim Mc Nu lt y E: info@max resource.com T : (604) 290-8100

Brett M atich T : (604) 484 1230

Nei ther T SX V enture E x change nor i ts R egulati on Serv i ces Prov i der (as that term i s def i ned i n the poli ci es of the T SX V enture E x change) accepts responsi bi li ty f or the adequacy or accuracy

of thi s release.

E x cept f or statements of hi stori c f act, thi s news release contai ns certai n " f orward-looking information" within the meaning of applicable securities law.

Forward-looki ng i nformati on i s f requently characteri zed by words such as " plan" , " ex pect" , " proj ect" , " i ntend" , " beli ev e" , " anti ci pate" , " esti mate" and other si mi lar words, or statements that

certai n ev ents or condi ti ons " may " or " wi ll" occur. Forward-looki ng statements are based on the opi ni ons and esti mates at the date the statements are made and are subj ect to a v ari ety of

ri sks and uncertai nti es and other f actors that could cause actual ev ents or results to di f f er materi ally f rom those anti ci pate d in the forward-looking statements including, but not limited to

delays or uncertainties with regulatory approvals, including that of the T SX V . T here are uncertainties inherent in forward -looking information, including factors beyond the Company’s

control. T here are no assurances that the commerci ali zati on plans f or M ax R esources Corp. descri bed i n thi s news release wi ll come i nto ef f ect on the terms or ti me f rame descri bed

herein.

T he Company undertakes no obligation to update forward -looking information if circumstances or management's estimates or opinions should change ex cept as required by law. T he

reader i s cauti oned not to place undue reli ance on forward -looking statements. A d ditional information identifying risks and uncertainties that could affect financial results is contained in

the Company ’ s f i li ngs wi th Canadi an securi ti es regulators, whi ch f i li ngs are av ai lable at www.sedarplus.ca.