MAXX.CN · 2026-07-24 12:00:00

Max Power to start Lawson drill program

Drill Results Marketing Announcement

CSE: MAXX | OTC: MAXXF | FSE: 89N

2 Research Dr.

Regina, SK S4S 7H9

[email protected]

MaxPowerMining.com

MAX POWER MOBILIZES FOR COMMERCIAL

VALIDATION PROGRAM AT CANADA’S FIRST

NATURAL HYDROGEN DISCOVERY

Multi-well program commences early next week at Lawson Complex following 3D seismic and independent

modelling as MAX Power advances toward potential commercial-scale Natural Hydrogen development.

NEW Video: The Time is Now

https://youtu.be/TKnEnBEQ0TM

REGINA, SK – July 10, 2026 – MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX

Power” or the “Company”) is pleased to announce that Savanna Drilling Rig #416 is being mobilized early

next week to the Lawson Natural Hydrogen Complex in south-central Saskatchewan to commence a multi-well

commercial validation drill program aimed at defining the world’s first large-scale commercial discovery of

Natural Hydrogen.

Savanna Rig #416 is a highly efficient “super single” rig that was used this past spring at the Bracken target (a

325-km step-out from the Lawson Discovery) where MAX Power encountered multiple prospective Natural

Hydrogen and helium zones for near-term follow-up. Savanna Rig #416 comes with an exceptionally

experienced crew and is outfitted with special state-of-the-art gas detection equipment, for Natural Hydrogen

and helium, provided by the MAX Power technical team.

Mr. Ran Narayanasamy, MAX Power CEO, commented: “This is a historic moment for Saskatchewan and

Canada as we return to Lawson to commence a multi-well commercial validation program. Our geological team

expects drilling of this initial well to reach the main targeted discovery area during the week of July 27.”

Mr. Narayanasamy added: “Over the past year at Lawson we have progressed from discovery to independent

laboratory confirmation to high-resolution 3D seismic and modelling. Concurrently, we have been reviewing

multiple potential commercial pathways for Natural Hydrogen in Saskatchewan with a ‘months to molecules’

plan. We’re moving at breakneck speed and we’re now entering the phase that matters most. Large -scale

commercialization of Natural Hydrogen would be a major development at a time when energy security and

affordability are key issues across North America and the globe.”

Mr. Steve Halabura, MAX Power Chief Geoscientist, added: “The high-resolution 3D seismic survey

completed in the spring has given us great confidence entering this commercial validation drill program at

Lawson. We have strong targets and impressive potential scale associated with this Natural Hydrogen system,

given the 14.2 sq. km structural closure within the broader 28 sq. km Complex. The entire team is eager and

excited to launch this program and write another chapter in the history of the Saskatchewan resource sector.”

Commercial Validation Drilling Targets Apex and Flanks of Large Structural Closure

The initial well in this follow-up program at Lawson is being drilled into the apex of the Lawson structure,

approximately 2 km from the original discovery, based on a high-resolution 3D seismic survey completed during

the spring that outlined a 14.2 sq. km structural closure, above the gas-water contact, within a broader Lawson

Complex covering 28 sq. km.

Figure 1: Lawson Complex 3D Seismic Image

Why This Matters to Investors

Commercial validation represents the most important stage in the evolution of the Lawson Discovery.

Following Canada's first confirmed subsurface Natural Hydrogen discovery, high resolution 3D seismic defining

a 14.2 sq. km structural closure, and independent modeling by GLJ Ltd., MAX Power is now testing the key

technical parameters required before potential commercial development, including flow, pressure behaviour,

continuity, concentrations, deliverability, and commercial scalability.

Each milestone is designed to systematically reduce technical risk while increasing commercial confidence.

If successful, Lawson could become the world's first large -scale commercial Natural Hydrogen system,

representing a defining milestone for both MAX Power and the broader global energy industry.

Figure 2 – Drilling at Lawson Near Central Butte on the Genesis Trend in November 2025

Marketing Agreement

MAX Power announces that it has entered into an addendum (effective July 13, 2026) to its December 29, 2025

agreement with Emerging Markets Consulting, LLC (“EMC”), a Florida-based consulting firm that provides

strategic communications and investor awareness support in connection with the dissemination of publicly

available corporate information. Pursuant to the addendum, the Company will pay EMC additional non -

refundable fees of $400,000 (USD) for corporate information services, payable as to $200,000 upon execution

of the addendum and $200,000 within fourteen (14) days thereafter. The addendum constitutes a renewal of the

agreement for a successive six-month term commencing July 13, 2026. EMC is arm’s length to the Company,

and no securities are issuable to EMC in connection with the engagement. Contact information for Emerging

Markets Consulting, LLC: 390 North Orange Avenue, Suite 2300, Orlando, FL, 32801; Principal (CEO): James

Painter.

Options Grant

The Company announces that it has granted incentive stock options to certain directors, officers, and consultants

to purchase up to an aggregate of 5,235,000 common shares in the Company pursuant to the Company’s

Omnibus Equity Incentive plan (the “Omnibus Plan”). The options are exercisable for a period of three years at

a price of $2.10 per share. The options, and any underlying common shares issued on exercise thereof, will have

a hold period expiring November 11, 2026, in accordance with the policies of the Canadian Securities Exchange

and applicable securities laws. The Options shall also be subject to vesting terms as determined by the Company

pursuant to the terms of the Omnibus Plan.

Figure 3 – First Night of Drilling at Lawson, November 2025

NEW Video: The Time is Now

https://youtu.be/TKnEnBEQ0TM