Mr. Mansoor Jan reports

MAX POWER RECEIVES DRILLING LICENSE FOR CANADA'S FIRST DEDICATED NATURAL HYDROGEN WELL

Max Power Mining Corp. has received the drilling licence for the first well of its planned multiwell natural hydrogen drill program in southern Saskatchewan. Procurement of services and suppliers, including the drilling contractor, is complete, and the Lawson target well in the heart of the 200-kilometre-long Genesis trend will be spudded on or about Nov. 7, 2025.

Mansoor Jan, president and chief executive officer of Max Power, commented: "Receiving the well licence marks a major step forward for Max Power and the culmination of extensive technical, regulatory and logistical preparation by our team. With the full support of the Saskatchewan Ministry of Energy and Resources and the province's pro-innovation stance, we're proud to be advancing Canada's first dedicated natural hydrogen well at the Lawson target."

Mr. Jan added: "The geology is compelling, and the opportunity is unique. If successful, this program could redefine how we think about clean baseload energy and position Saskatchewan -- and Max Power -- at the forefront of a new North American energy story."

The geoscience program for Lawson will include the use of two gas chromatographs, whose purpose is to sample any gas stream derived from the drilling mud for helium, nitrogen and methane, and another specially designed mass spectrometer specifically for the detection of hydrogen.

More details regarding the Lawson program will be released ahead of the commencement of drilling.

Lawson play concept

The play concept being tested at Lawson is that of a complex basement structure that has allowed for fluid flow upward into the overlying Prairie evaporite salt, causing it to dissolve and thus form an up-dip seal to migrating hydrogen (and potentially helium). Airborne geophysical analysis suggests that the underlying basement complex may consist of an exotic rock assemblage conducive to the formation of hydrogen, with gas generation enhancement provided by what has been interpreted on seismic to be a relatively young igneous intrusive plug. This test of concept well is designed to test the validity of this play concept as it is the play type most likely to be encountered along the Genesis trend, where the technical team has identified multiple Lawson look-alikes.

Lawson well to be drilled as Max Power presents at the world's premier natural hydrogen summit

Max Power will have a significant presence at H-Nat in Paris, France, from Nov. 13 to 14, including a prime presentation slot to kick off the world's largest natural hydrogen conference on the morning of Thursday, Nov. 13.

"Trailblazing a New Natural Hydrogen Arena in Saskatchewan, Canada" is a presentation that will highlight the geological and jurisdictional underpinnings of the largest permitted land package in Canada for the discovery of natural hydrogen, with updates on Max Power's exploration and well-drilling activity.

What is next:

• Mobilization of drill rig and team: Field crews and equipment are mobilizing to site in early November to initiate drilling of Canada's first dedicated natural hydrogen well.
• Progression to drilling: Detailed gas analysis and continuous subsurface sampling will guide evaluation of hydrogen potential at depth.
• World-class documentation: An award-winning videography crew will be on site for three days to document the commencement of Canada's first dedicated natural hydrogen well, capturing this historic milestone for global audiences.
• Global visibility and engagement: Max Power will be featured at the H-Nat hydrogen conference in Paris, France, from Nov. 13 to 14, coinciding with the drill program at Lawson.

Why this matters to investors

This coming drilling campaign represents more than a technical milestone. It is the beginning of a new growth chapter for Max Power. With a fully permitted, well-financed project, strong provincial collaboration and a proven technical team, the company is executing on a clear path toward its goal of defining the world's first commercial natural hydrogen discovery. As operations advance, Max Power continues to position itself at the centre of one of the most significant new energy opportunities of the decade.

About Max Power Mining Corp.

Max Power is an innovative mineral exploration company focused on North America's shift to decarbonization. The company is a first mover in the rapidly growing natural hydrogen sector, where it has built a dominant district-scale land position with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of natural hydrogen. High-priority initial drill target areas have been identified for commencement of drilling in Q4 2025. Max Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa lithium project in southeastern Arizona.

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