Maxus Mining Highlights Strong Polymetallic Results at the Alturas West Property in British Columbia, Canada
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Maxus Mining Highlights Strong Polymetallic Results at the Alturas
West Property in British Columbia, Canada
February 11, 2026
Vancouver, B.C. – Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | FRA: R7V), is pleased to provide
highlights from its 2025 field program at the Company’s Alturas West Property (the “Project” or the “Property”),
located in the Slocan Mining District in British Columbia (Please see Figure 1). Maxus engaged Palliser Exploration Ltd.
(“Palliser”) to complete a reconnaissance field program across the Project in Autumn 2025. The first round of results
of the 2025 exploration and sampling program (the “Program”) at the Project are summarized below (Please see Figure
1).
Alturas West Project 2025 Field Program Highlights
• Strong Polymetallic Signatures: The Program highlights the polymetallic signature on the Project
characterized by previous exploration programs, with several outcrop and grab samples returning
significant values for silver (Ag), zinc (Zn), and lead (Pb)1 in addition to antimony (Sb).
• Rock Sample Assay Highlights:
o 430 g/t Ag, 0.43 g/t Au, 1,410 ppm Sb, 0.34% Zn, 0.35% Cu, 0.16% Pb in Sample G018729
o 87.7 g/t Ag, 0.15g/t Au, 219 ppm Sb, 0.13% Zn, 0.06% Cu, 0.08% Pb in Sample G018678
• Strategic Location: Located in the prolific Slocan Mining District, the Project boasts ideal access and
proximity to historic mining infrastructure, enabling efficient advancement of ongoing exploration
activities.
“The 2025 field results at Alturas West continue to demonstrate the strength of the Project’s polymetallic system,
with particularly encouraging enrichment in antimony alongside high -grade silver,” said Scott Walters, Chief
Executive Officer of Maxus. “The presence of antimony in association with elevated silver, copper, lead, and zinc
supports our interpretation of a focused, structurally controlled mineralizing system and reinforces the relevance of
Alturas West within our growing antimony portfolio.”
“These results confirm that antimony mineralization at Alturas West is not isolated, but part of a broader multi-
element system where silver represents an important value driver,” continued Walters, “As we integrate these
findings with historic data and ongoing structural interpretation, we believe the Project offers clear upside potential
and meaningful follow-up opportunities as we advance our exploration strategy in the Slocan Mining District.”
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Figure 1: Alturas West Property Outlining Historic Showings and 2025 Program Highlights
2025 Alturas West Exploration Program
Prior to mobilization, Maxus’ technical team reviewed historic assessment reports covering the Property and
compiled the results into a central GIS database. This work highlighted favourable geology and targets for potential
mineralization at Alturas West and outlined several exploration targets across the Property (Please see Figure 1).1,2
Following the desktop compilation, the Company initiated a field reconnaissance program to evaluate the generated
target areas.
Assay results from the Alturas West area define a highly localized but well-developed polymetallic mineralization
signature, dominated by silver, copper, lead, zinc, and antimony as previously identified at the Property.1,2,3 Most
samples return background to weakly anomalous values; however, two samples (G018678 and G018729) exhibit
pronounced multi-element enrichment that clearly stands out from the broader dataset. Table 1 below contains a
list of all samples collected during the Program.
The most anomalous sample, G018729, from a mineralized mine dump sample, returned elevated Ag (430 g/t), Cu
(0.35%), Pb (0.16%), Zn (0.34%), and Sb (1,410 ppm) (Please see Table 1 and Figure 2). This geochemical association,
combined with very low Ti, V, Sr, and Th, is consistent with quartz-dominant, structurally controlled hydrothermal
mineralization, likely representing oxidized polymetallic vein material or mine dump derived from such veins. The
strong enrichment in antimony is particularly significant and suggests focused fluid flow along discrete structures,
potentially reflecting a higher-temperature or more proximal position within the mineralizing system.
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Sample G018678 defines a lower grade but compositionally similar polymetallic signature, indicating that high-grade
mineralization is not isolated to a single occurrence (Please see Figure 1 and Table 1). Surrounding samples with
moderate Pb-Zn-Sb enrichment are interpreted as representing halo or peripheral expressions of the same system,
potentially related to fracture-controlled leakage or diluted vein material.
Overall, the geochemical results support interpretation of a structurally controlled Ag–Pb–Zn–Cu ± Sb vein system,
with sharp geochemical contrasts indicating limited dispersion and strong structural localization. These
characteristics suggest that future exploration should prioritize detailed structural mapping and targeted sampling
along known structural trends specifically the east-west 1.5 km shear zone located in the center of the Property
(Please see Figures 1 and 2). These zones will be the priority target areas of focus for the maiden drill program on
the Project.
Figure 2: Alturas West Mapped Shear Zone in Outcrop.
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Table 1: 2025 Alturas West Program Assay Results**
Sample
ID
Easting
(m)
Northing
(m)
Elevation
(m) Au (g/t) Ag (g/t) Cu
(ppm)
Pb
(ppm)
Sb
(ppm)
Zn
(ppm)
G018673 481648.5 5552045 2339 0 0.5 3.5 1 2 5
G018674 481648.5 5552045 2339 0 0.5 127 8 <1 70
G018675 481664.6 5552058 2336 0.05 0.5 70.8 12 38 76
G018676 481401.9 5552036 2347 0.01 0.8 5.8 37 26 59
G018677 481399.5 5552093 2358 0 0.7 17.7 28 4 60
G018678 479582.2 5551918 2164 0.15 87.7 555 802 219 1270
G018679 479582.2 5551918 2167 0.05 0.5 77 2 15 73
G018715 479763.3 5551705 2179 0.13 0.5 7.4 28 4 104
G018724 481604.4 5552005 2334 0.01 1.2 10.4 39 3 21
G018725 481531.2 5552023 2321 0 2.4 20.2 8 9 58
G018726 481404.5 5552049 2349 0.01 1 4.2 97 70 103
G018727 481451.7 5551902 2301 0.01 1.6 3.9 28 21 491
G018728 481397.5 5552086 2357 0 0.5 41.9 13 10 77
G018729 479580 5551915 2163 0.43 430 3540 1580 1410 3390
G018731 479606.8 5551908 2167 0.05 0.5 131 4 32 64
**All sample values are from grab samples which by their nature, are not representative of overall gold grades of
mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in the table
above. The fifteen (15) samples above are part of a suite of samples collected and assayed during the Program.
True thicknesses/widths of the mineralization is currently unknown to the Company at this time.
Sample Preparation and Analytical Procedures
Rock samples were collected by Palliser field crews with sample locations (in NAD83 UTM Zone 11 coordinates),
descriptions, visual characteristics, and photographs recorded in the field. Each sample was assigned a unique sample
ID and placed into a labelled sample bag along with a corresponding sample tag. Samples were stored securely during
the Program and transported directly by Palliser personnel to AGAT Laboratories in Calgary, Alberta for sample
preparation and geochemical analysis. AGAT Laboratories is accredited to ISO 9001:2015 ISO/IEC 17025 for specific
analytical methods.
The following sample preparation, analysis, and quality assurance and quality control methods were performed:
- Dry <5kg, Crush to 75% passing 2mm, split to 250g (method code 200-075)
- Pulverize to 85% passing 75 microns (method code 200-087)
- Metals by 4 Acid Digest, Inductively Coupled Plasma-Optical Emission Spectrometry (ICP-OES) (201-070)
- Gold (Au) by fire assay (202-551)
- If Au >10g/t, run gravimetric 202-564
- If Metals >10,000ppm, ran overlimit 4 Acid Digest, ICP-OES or ICP-Mass Spectrometry (MS)
- A Certified Reference Material or Blank was inserted at a frequency of one (1) in ten (10) samples.
A minimum of two (2) Maxus personnel received all AGAT Laboratories assay certificates.
Qualified Person Statement
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The scientific and technical information contained in this news release has been reviewed, verified, and approved by
Morgan Verge, P.Geo., VP Exploration of the Company and a “qualified person” as defined in NI 43-101 – Standards
of Disclosure for Mineral Projects (“NI 43-101”). Ms. Verge has examined information regarding the historical
exploration at the Project, 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 Project. 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 Project.
The “Historic Estimate” described above fall under the National Instrument 43-101 definition of a “historic estimate”
meaning that the calculations were prepared prior to the February 1 st, 2001, implementation of NI 43-101 and
therefore do not conform to NI 43-101 standards. No NI 43-101 compliant resource estimates exist to date on the
Property.
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 Mining is committed to advancing its British Columbia projects through targeted exploration programs
designed to unlock value across multiple critical mineral systems.
References
1 MINFILE No: 082KSW049 – ALPS-ALTURAS
2 MINFILE No: 082KSW130 - DOLLY VARDEN (L.4101), LEIF
3 Equinox Resources – November 8, 2024, ‘Ultra High Grade Naturally Occurring Antimony at Alturas Project with
Assays up to 69.98% Sb’
¶ 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-
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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.
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 r espect to the Project and its
mineralization potential; the Company’s objectives, goals, or future plans with respect to the Project; further exploration work on the Project in the
future; potential benefits of conducting the Program; the completion of a drilling program on the Project in the future. 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 and contingencies. Additionally, there are known and unknown risk factors which could ca use the Company’s
actual results, performance 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 economi c
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 programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to
timely availability of permits and other governmental a pprovals; 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 properties,
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.
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