Maxtech’s St. Anthony Gold Property JV with Magabra Receives Exploration Drill Permit Approval

Maxtech’s St. Anthony Gold Property JV with Magabra

Receives Exploration Drill Permit Approval

Vancouver, Canada – December 2, 2020 – Maxtech Ventures Inc. (“Maxtech” or the “ Company“) (CSE: MVT)

(Frankfurt: M1N) (OTC: MTEHF) is pleased to announce that it has received official authorization that the

“exploration drill permit” has been granted to our partner Magabra Resources Corp. from the Ontario Ministry of

Energy, Northern Development and Mines in Thunder Bay. The permit contains all necessary approvals to

commence our JV drill program at the St. Anthony Gold Property (the "Project") and to carry out the first phase of

drilling at the Project. The exploration permit is issued under the authority of section 78.3 of the Mining Act and the

Exploration Plans and Exploration Permits Regulation (O. Reg. 308/12).

The St. Anthony Gold Property is located in the Kenora -Patricia Mining District of Ontario and is 85 km east of the

town of Sioux Lookout, or 13 km south of the smaller town of Savant Lake. The drill program will be composed of

three phases. Phase 1 will focus on the St. Anthony Mine p lus extend the gold bearing zone(s) to the north and

south. Phase 2 & 3 will be dependent on Phase 1 results but will also test new gold potential at the Buckshaw,

Couture Lake and Lucky Bones areas.

Maxtech’s CEO, Peter Wilson, stated: "I am very excited to be able to commence drilling at the St. Anthony Gold

Property, and to be doing it as scheduled despite the challenges faced by our industry pertaining to Covid. We have

a great technical team at St. Anthony, with significant experience in gold project s in Ontario, Canada. I am also

pleased to have Andrew Tims as our QP on site as we have worked well with him this summer at our Red Lake

property at Panama Lake. This is a very exciting time for the Maxtech management team and its shareholders, as

we look forward to advancing the St. Anthony Gold Project."

Andrew Tims obtained his B.Sc. in Geology from Carle ton University in Ottawa, Ontario, and is a Registered

Professional Geologist in Ontario and Manitoba and a Qualified Person under NI 43 -101. He has reviewed and

approved the technical contents of this news release.

About Maxtech Ventures Inc.

Maxtech Ventures Inc., a Canadian-based diversified industries corporation, is focused on identifying and advancing

high-value mineral properties.

For additional information see the Company’s web site at

http://www.maxtech-ventures.com

Email to [email protected]

Contact: Peter Wilson CEO - 604-484-0355

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information about the Company is available on www.SEDAR.com under the Company’s profile.

Certain statements contained in this release may constitute “forward –looking statements” or “forward -looking information” (collectively

“forward-looking information”) as those terms are used in the Private Securities Litigation Reform Act of 1995 and simil ar Canadian laws.

These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “bel ieve”, “will”,

“projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended

to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such

future events. Actual future results may differ materially. In particular, this release contains forward -looking information relating to the

business of the Company, the Property, financing and certain corporate changes. The forward- looking information contained in this release

is made as of the date hereof and the Company is no t obligated to update or revise any forward -looking information, whether as a result of

new information, future events or otherwise, except as required by applicable securities laws.