Maxus Mining Engages Geotech Ltd. to Complete Winter 2026 Multi-Block Airborne Geophysical Survey in British Columbia
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Maxus Mining Engages Geotech Ltd. to Complete Winter 2026
Multi-Block Airborne Geophysical Survey in British Columbia
January 27, 2026
Vancouver, B.C. – Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | FRA: R7V) is pleased to announce
that it has engaged Geotech Ltd. (“Geotech”) to complete a large, multi-block airborne geophysical survey across its
Alturas, Hurley, Lotto, and Quarry Projects in British Columbia (the “Projects” or the “Properties”). Geotech is a
globally recognized airborne geophysical services provider, having celebrated its 45th year of operations in 2025. The
company is one of the largest privately owned airborne EM survey operators worldwide, with more than ten (10)
million line-kilometres of airborne geophysical surveys completed to date.
The proposed survey (the “Program”) will be comprised of approximately 1,417 line-kilometres flown over six survey
blocks and will utilize Geotech’s patented Versatile Time-Domain Electromagnetic (“VTEM™”) system. VTEM™ is a
helicopter-borne time-domain electromagnetic (“TDEM”) and magnetic system designed to provide the sensitivity,
resolution, and depth of investigation required to image subsurface geological features in structurally complex and
topographically challenging terrain.
The survey is designed to improve the Company’s understanding of potentially shear-, sediment- and/or intrusion-
hosted mineral systems by mapping contrasts in bedrock resistivity and magnetic response, with effective depth
penetration in the range of approximately 300–500 metres. Results from the Program are expected to assist in refining
priority exploration targets and supporting future drill planning across the Projects.
The airborne TDEM and magnetic surveys are anticipated to commence in early 2026, subject to weather conditions,
and are expected to be completed prior to spring 2026. Maxus will receive daily data deliveries throughout the
Program. Convolutions Geoscience (“Convolutions”), led by Kyle Patterson, P.Geo., will provide ongoing quality
assurance and quality control (“QA/QC”) oversight during the survey to ensure data integrity and consistency. The
Company has engaged Convolutions to drive strategic geophysical targeting and interpretation, as disclosed in the
Company’s news release on December 16, 2025.
“This airborne geophysical program represents an important technical step in advancing our British Columbia project
portfolio,” said Scott Walters, Chief Executive Officer of Maxus. “High-quality geophysical data will allow our technical
team to better constrain subsurface structural architecture, prioritize targets, and support efficient planning for future
exploration activities across multiple Projects.”
Qualified Person Statement
The scientific and technical information contained in this news release has been reviewed, verified, and approved by
Morgan Verge, P.Geo., Technical Advisor of the Company and a “qualified person” as defined in NI 43-101 – Standards
of Disclosure for Mineral Projects. Ms. Verge has examined information regarding the historical exploration at the
Properties, which includes a review of the historical sampling, analytical, and procedures underlying the information
and opinions contained herein.
Management cautions that historical results collected and reported by operators unrelated to Maxus have not been
verified nor confirmed by its Qualified Person; however, the historical results create a scientific basis for ongoing work
at the Properties. Management further cautions that historical results, discoveries and published resource estimates
on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource
estimates, are not necessarily indicative of the results that may be achieved on the Properties.
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About Maxus Mining Inc.
Maxus Mining Inc. (CSE: MAXM | FRA: R7V) is a mineral exploration company focused on locating, acquiring, and, if
warranted, advancing economic mineral properties in premier jurisdictions. The Company is actively progressing its
diversified portfolio totaling approximately 15,098 hectares of prospective terrain across British Columbia, Canada.
The Portfolio includes 8,920 hectares across three antimony projects, anchored by the Flagship Alturas Antimony
Project, where a recent discovery returned high-grade naturally occurring antimony up to 69.98% Sb¶. The Hurley
Antimony Project, located adjacent to Endurance Gold Corp.’s Reliance Gold Project, where 2024 drilling reported
19.2% Sb and 2.16 g/t Au over 0.5 m‖, and the Quarry Antimony Project, which hosts historical polymetallic samples
grading 0.89 g/t Au, 3.8% Cu, 0.34% Zn, 42.5% Pb, 0.65 g/t Ag, and 20% Sb‡.
Maxus’ portfolio further includes the 3,054-hectare Lotto Tungsten Project, where a selected 1980 grab sample from
a scheelite-bearing quartz vein assayed 10.97% WO₃§, and the 3,123-hectare Penny Copper Project, which has over
100 years of recorded exploration. Recent work programs at Penny included rock sampling and geological mapping†,
with 2017 sampling returning copper values of 1046 ppm Cu (TK17-149c), 1808 ppm Cu (TK17-28), and 2388 ppm Cu
(TK17-12)†. The project is strategically located near the historic Sullivan Mine at Kimberley, British Columbia, an area
that continues to attract significant exploration activity.
Maxus is committed to advancing its British Columbia projects through targeted exploration programs designed to
unlock value across multiple critical mineral systems.
References
¶ Equinox Resources – November 8, 2024, ‘Ultra High Grade Naturally Occurring Antimony at Alturas Project with
Assays up to 69.98% Sb’ – https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-
02878498-6A1236703
‖ Endurance Summarizes Antimony Results From The Reliance Gold Project, BC - Best Intervals Include 19.2%
Antimony And 2.16 ppm Au Over 0.5 m In 2024 Drilling – February 24, 2025 - https://endurancegold.com/news-
releases/endurance-summarizes-antimony-results-from-the-reliance-gold-project-bc-best-intervals-include-19.2-
antimony-and-2.16-ppm-au/
‡ Open File 1992-11, Map Number 10.
§ MILFILE No: 082FSW228 – Loto 3, 1980 Grab Sample –
https://minfile.gov.bc.ca/report.aspx?f=PDF&r=Inventory_Detail.rpt&minfilno=082FSW228
† NI 43-101 - Technical Report on the Penny Property British Columbia, NTS 82G/12 49° 55° North Latitude -115° 90°
West Longitude, Derrick Strickland P.Geo., August 14, 2024.
On Behalf of the Board of Directors
Scott Walters
Chief Executive Officer, Director
+1 (778) 374-9699
Disclaimer for Forward-Looking Information
This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act
of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this news rel ease, the words “anticipate”,
“believe”, “estimate”, expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-
looking statements or information.
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Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital
markets profile of Maxus’, future growth potential for Maxus and its business, and future exploration plans are based on management’s reasonable
assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of tre nds, current
conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which
may prove to be incorrect. Assumptions have been made regarding, among other things, the price of copper, gold, tungsten, antimony and other
metals; costs of exploration and development; the estimated costs of development of exploration projects; Maxus’ ability to operate in a safe and
effective manner and its ability to obtain financing on reasonable terms.
This news release contains “forward-looking information” within the meaning of the Canadian securities laws. Statements, other than statements
of historical fact, may constitute forward looking information and include, without limitation, statements with respect to the Properties and their
mineralization potential; the Company’s objectives, goals, or future plans with respect to the Properties; further exploration work on the Properties
in the future; expected benefits of conducting the Program. With respect to the forward-looking information contained in this news release, the
Company has made numerous assumptions regarding, among other things, the geological, metallurgical, engineering, financial and economic advice
that the Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the
Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties a nd contingencies.
Additionally, there are known and unknown risk factors which could cause the Company’s actual results, pe rformance or achievements to be
materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.
Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of
well results and the geology, continuity and grade of copper, gold, tungsten, antimony and other metal deposits; uncertainty of estimates of capital
and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the
exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development progr ams or in construction
projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental
approvals; increased costs and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting
the metals industry and increased competition in the metals industry for proper ties, qualified personnel, and management. All forward-looking
information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such
forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect
future results, events or developments, except as required by law.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.