Mr. Scott Walters reports

MAXUS MINING INVESTORS EXERCISE $1,105,952 CDN IN WARRANTS

Investors exercised 2,408,200 common share purchase warrants of Maxus Mining Inc. for gross proceeds of $1,105,952 from Jan. 2, 2026, to Jan. 16, 2026.

This capital strengthens the company's balance sheet, and the proceeds will be used for future exploration work on the company's projects, new projects or acquisitions, corporate development, and marketing or working capital purposes.

Marketing agreement

The company is pleased to announce that it entered into an agreement with RMK Marketing Inc. on Jan. 20, 2026 (address: 41 Lana Terr., Mississauga, Ont., Canada, L5A 3B2; e-mail: Roberto@rmkmarketing.ca), to provide marketing services for a term of six months, commencing Jan. 23, 2026.

RMK is an independent company that will, as appropriate, co-ordinate marketing actions, maintain and optimize AdWords campaigns, adapt AdWords bidding strategies, optimize AdWords ads, provide project management and consulting for an on-line marketing campaign, and create and optimize landing pages. The promotional activity will occur by Google.

Under the terms of the agreement, the company will compensate RMK $250,000, with an option to increase the advertising budget up to $500,000 during the term. The term will expire at either the end of the relevant time period or when the budget is fully spent. The company will not issue any securities to RMK as compensation for the services. As of the date hereof, to the company's knowledge, RMK (including its directors and officers) does not own any securities of the company and has an arm's-length relationship with the company.

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 National Instrument 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.

Management cautions that historical results collected and reported by operators unrelated to Maxus have not been verified nor confirmed by its qualified person; however, the historical results create a scientific basis for continuing work at the properties. Management further cautions that historical results, discoveries and published resource estimates on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the properties.

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, Canada.

The portfolio includes 8,920 hectares across three antimony projects, anchored by the flagship Alturas antimony project, where a recent discovery returned high-grade naturally occurring antimony up to 69.98 per cent antimony (Sb). The Hurley antimony project, located adjacent to Endurance Gold Corp.'s Reliance gold project, where 2024 drilling reported 19.2 per cent Sb and 2.16 grams per tonne (g/t) gold (Au) over 0.5 metre, and the Quarry antimony project, which hosts historical polymetallic samples grading 0.89 g/t Au, 3.8 per cent copper (Cu), 0.34 per cent zinc (Zn), 42.5 per cent lead (Pb), 0.65 g/t silver (Ag) and 20 per cent Sb.

Maxus's portfolio further includes the 3,054-hectare Lotto tungsten project, where a selected 1980 grab sample from a scheelite-bearing quartz vein assayed 10.97 per cent WO3, and the 3,123-hectare Penny copper project, which has over 100 years of recorded exploration. Recent work programs at Penny included rock sampling and geological mapping, with 2017 sampling returning copper values of 1,046 parts per million (ppm) Cu (TK17-149c), 1,808 ppm Cu (TK17-28) and 2,388 ppm Cu (TK17-12). The project is strategically located near the historic Sullivan mine at Kimberley, B.C., an area that continues to attract significant exploration activity.

Maxus is committed to advancing its British Columbia projects through targeted exploration programs designed to unlock value across multiple critical mineral systems.

We seek Safe Harbor.