Mr. Mansoor Jan reports

MAX POWER BEGINS HISTORIC DRILLING OF CANADA'S FIRST-EVER NATURAL HYDROGEN WELL

Max Power Mining Corp. has commenced drilling of Canada's first-ever natural hydrogen well at the Lawson target near the community of Central Butte on the 475-kilometre-long Genesis trend in Southern Saskatchewan. Drilling at Lawson kicks off a multiwell drill program on Canada's largest permitted land package for natural hydrogen exploration and development and is being carried out by a powerful Stampede Drilling tele-double rig featuring a total crew of 24 on two 12-hour shifts. The selection of Stampede Drilling reflects Max Power's commitment to employing industry-leading expertise and technology in the emerging frontier of natural hydrogen, along with a focus on safety.

Mansoor Jan, chief executive officer of Max Power, commented: "It's a remarkable achievement for our team to be the first to drill for natural hydrogen in Canada. From ideation to execution, every individual involved has brought dedication and expertise to Canada's first natural hydrogen well. It's a proud moment for all of us leading the charge into this new energy space."

Mr. Jan added: "We look forward to sharing the story of the Genesis trend and our broader land package at the world's largest natural hydrogen event next week in Paris. For Max Power, we're now closer than ever in our pursuit of the natural hydrogen molecule, its potential accumulations and, ultimately, a commercial discovery. I have great confidence that our science-driven approach and months of detailed preparation will bring us success at Genesis and elsewhere."

Why this matters to investors

Max Power has officially entered the history books by drilling Canada's first natural hydrogen well. This marks the beginning of a new chapter in domestic energy exploration focused on clean, naturally generated hydrogen beneath Saskatchewan's Genesis trend and other land packages comprising 1.3 million acres with another 5.7 million acres under application. The program underscores the company's leadership in advancing scientific understanding of this potential new primary energy source while highlighting Canada's role in resource innovation.

Strategic financing and partnership update

Max Power continues to advance the previously announced strategic investment for gross proceeds of $5-million at a price of 30 cents per unit with a leading Southeast Asian conglomerate with extensive interests in the global energy sector (the corporate investor). Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at 45 cents for a period of 24 months, subject to the previously disclosed accelerated expiry provision. The parties have finalized the investor rights and shareholder agreement, which provides for a board seat, conditional on the investor maintaining at least 7-per-cent ownership. Closing of the investment remains on track in the near term, as per the most recent update on Oct. 28, 2025, subject to customary closing conditions, including applicable regulatory approvals.

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 in Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of natural hydrogen. Canada's first-ever deep well specifically targeting natural hydrogen will be drilled by Max Power at its Lawson target on the Genesis trend starting in early November, 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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