Mr. Tim McNulty of Max Resource reports

MAX RESOURCE ACQUIRES SECURITIES OF BOLT METALS CORP.

Max Resource Corp. has acquired securities of Bolt Metals Corp. The transaction did not take place through the facilities of any stock market.

In connection with the closing of a debt settlement transaction between Max and Bolt on June 12, 2026, Max acquired four million common shares of Bolt at a deemed issue price of 42 cents per share and two million prefinanced warrants of Bolt pursuant to a debt settlement agreement dated May 11, 2026, as amended. Each warrant is exercisable at 0.1 cent per share for 24 months.

Max acquired direct ownership of four million shares and two million warrants. The shares represented approximately 15.02 per cent of all issued and outstanding common shares of Bolt as of June 12, 2026, immediately following the transaction (or approximately 20.52 per cent on a partially diluted basis, assuming exercise of the warrants only), resulting in a corresponding increase in the percentage of shares held by Max as a result of the transaction.

Prior to the closing of the transaction, the Max did not own, directly or indirectly, or exercised control over, any securities of Bolt.

Immediately following the transaction, Max held four million shares and two million warrants. The shares represented approximately 15.02 per cent of all issued and outstanding common shares of Bolt as of June 12, 2026, immediately following the transaction (or approximately 20.52 per cent on a partially diluted basis, assuming exercise of the warrants only).

A copy of the early warning report in respect of this transaction has been filed with the applicable securities commissions and can be found under Max's profile on SEDAR+.

For further information or to obtain a copy of the early warning report regarding the information contained in this news release, please contact the company at 604-290-8100.

This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 (Take-Over Bids and Issuer Bids) and National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues).

About Max Resource Corp.

Max Resource is a mineral exploration company listed on the TSX Venture Exchange under the ticker MAX focused on copper and precious metal assets in South America, Mora gold-silver and the fully financed Sierra Azul copper-silver both in Colombia and exploration development of its Floralia high-purity iron project in Brazil fully financed by Bolt Metals.

Sierra Azul copper-silver (wholly owned) sits along the Colombian portion of the world's largest producing copper belt (Andean belt) adjacent to world-class infrastructure and the presence of global majors (Glencore and Chevron). Fully financed by global miner Freeport-McMoRan relating to rights to earn up to 80 per cent by financing $50-million of accumulated expenditures. Backed by support of Freeport-McMoRan, the Max team views as validation the geological and mining potential of Sierra Azul. On April 28, 2026, as part of the 2026 exploration season, Max reported that high-grade channel results over intervals from 16 to 59 metres significantly expanded the Manto-style mineralized footprint to over eight square kilometres within the AM district.

Mora gold-silver (right to purchase 100 per cent) lies along the most productive Middle Cauca gold belt, and encompasses numerous historic workings, five active mines and a series of exposed polymetallic structures spread over 2,500 m by 1,000 m. Mora's 8.2-kilometre border is surrounded by Collective Mining's Guayabales gold project and Aris Mining's Marmato mining operations. Proven plus probable reserve: 31.3 million tonnes of 3.2 grams per tonne gold, measured and indicated resource: 61.5 Mt of 3.0 g/t Au for 9.2 million ounces. On Feb. 26, 2026, Max reported completion of a lidar survey, progress of the PTO and channel sampling along the entire tunnels of the El Oso and the El Cielo underground mine, all within the NAN zone. Work continues to outline the continuity of the 5,000-metre Marmato-type mineralized corridor.

Max cautions investors that the gold mineralization at the Marmato gold deposit may not necessarily be indicative of similar mineralization at the Mora property. Max further advises that the qualified person has been unable to verify the information on Marmato and that the information is not necessarily indicative to the mineralization on the Mora property.

We seek Safe Harbor.