Mr. Scott Walters reports

MAXUS MINING ENGAGES GEOTECH LTD. TO COMPLETE WINTER 2026 MULTI-BLOCK AIRBORNE GEOPHYSICAL SURVEY IN BRITISH COLUMBIA

Maxus Mining Inc. has engaged Geotech Ltd. to complete a large, multiblock airborne geophysical survey across its Alturas, Hurley, Lotto and Quarry projects in British Columbia. 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 10 million line-kilometres of airborne geophysical surveys completed to date.

The proposed survey will be composed 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 metres to 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, led by Kyle Patterson, PGeo, will provide 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 Dec. 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, PGeo, technical adviser 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.

About Maxus Mining Inc.

Maxus Mining 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 totalling approximately 15,098 hectares of prospective terrain across British Columbia.

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