Mr. Mansoor Jan of Homeland Critical reports

HOMELAND CRITICAL MINERALS PROVIDES CORPORATE UPDATE

Homeland Critical Minerals Corp. has completed its acquisition of all of the issued and outstanding equity interests of Max Power Resources LLC, a wholly owned subsidiary of Max Power Mining Corp. and a limited liability company (LLC) existing under the laws of the State of Arizona, pursuant to a share purchase agreement dated June 5, 2026. Max Power Resources owns a 100-per-cent interest in the Willcox Playa lithium project, located in southeastern Arizona.

In consideration for the acquisition, the company issued to Max Power an aggregate of 11 million common shares of the company at a deemed price of 10 cents per consideration share. Following the closing, Max Power owns approximately 47.29 per cent of the company's issued and outstanding common shares. The consideration shares have an aggregate fair market value of approximately $1.1-million and the purchase price was negotiated by the parties on an arm's-length basis. The consideration shares are subject to applicable statutory resale restrictions. No finders' fees or commissions were payable in connection with the acquisition.

In early 2024, Max Power confirmed a drilling discovery of near-surface lithium-rich clays over an extensive area of the Willcox project land package along the eastern side of the broader 50-square-mile Willcox Playa. With an improving lithium market and a U.S. administration focused on the development of critical minerals, the company believes it is well positioned to unlock value from the Willcox project and to pursue other potential critical mineral opportunities in the United States.

Early warning disclosure

Immediately prior to the completion of the acquisition, Max Power did not hold any shares of the company. The consideration shares acquired by Max Power upon completion of the acquisition represent approximately 47.29 per cent of the issued and outstanding common shares of the company. The consideration shares were acquired by Max Power for investment purposes. Max Power may in the future acquire or dispose of common shares or other securities of the company, through the market, privately or otherwise, as circumstances or market conditions warrant. The disclosure in this news release is being issued in accordance with National Instrument 62-103 , The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the filing by Max Power of an early warning report on SEDAR+ under the company's profile. To obtain a copy of the early warning report filed by Max Power, please visit SEDAR+.

Shareholders meeting

The company announces that a special meeting of shareholders has been called to consider, among other matters, the election of a new board of directors. further details regarding the meeting, including the date, time and location, will be provided in due course and in accordance with applicable corporate and securities laws. The management information circular for the meeting will be filed under the company's profile on SEDAR+.

Executive leadership and board changes

The company announces several changes to its executive leadership team, effective immediately. Mansoor Jan has been appointed chief executive officer and Jeremy Polmear has been appointed chief financial officer. Additionally, Mr. Polmear and Chad Levesque have been appointed as directors of the company.

As part of this transition, Cameron MacDonald is stepping down as CEO and Scott Hurd is stepping down as CFO. Mr. MacDonald and Colin Christensen have also stepped down from the board of directors. The company thanks each of them for their service and contributions.

Mr. Jan commented: "The Willcox project is a cornerstone asset for Homeland and an important first step in our strategy of acquiring and advancing critical mineral assets in the United States. We look forward to working with Max Power, which will remain a significant shareholder of the company, as we advance the project."

About Homeland Critical Minerals Corp.

Homeland Critical Minerals is a company focused on the acquisition and advancement of critical mineral assets in the United States. The company owns a 100-per-cent interest in the Willcox Playa lithium project, located in southeastern Arizona, which features near-surface lithium-rich clay deposits confirmed through drilling in early 2024. Homeland is not a reporting issuer in any jurisdiction and its common shares are not listed for trading on any stock exchange.

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