Mr. Ran Narayanasamy reports

MAX POWER MOBILIZES FOR COMMERCIAL VALIDATION PROGRAM AT CANADA'S FIRST NATURAL HYDROGEN DISCOVERY

Savanna drilling rig No. 416 is being mobilized by Max Power Mining Corp. early next week to the Lawson natural hydrogen complex in south-central Saskatchewan to commence a multiwell commercial validation drill program aimed at defining the world's first large-scale commercial discovery of natural hydrogen.

Savanna rig No. 416 is a highly efficient super-single rig that was used this past spring at the Bracken target (a 325-kilometre stepout from the Lawson discovery) where Max Power encountered multiple prospective natural hydrogen and helium zones for near-term follow-up. Savanna rig No. 416 comes with an exceptionally experienced crew and is outfitted with special state-of-the-art gas detection equipment, for natural hydrogen and helium, provided by the Max Power technical team.

Ran Narayanasamy, Max Power chief executive officer, commented: "This is a historic moment for Saskatchewan and Canada as we return to Lawson to commence a multiwell commercial validation program. Our geological team expects drilling of this initial well to reach the main targeted discovery area during the week of July 27."

Mr. Narayanasamy added: "Over the past year at Lawson we have progressed from discovery to independent laboratory confirmation to high-resolution 3-D seismic and modelling. Concurrently, we have been reviewing multiple potential commercial pathways for natural hydrogen in Saskatchewan with a 'months to molecules' plan. We're moving at breakneck speed and we're now entering the phase that matters most. Large-scale commercialization of Natural Hydrogen would be a major development at a time when energy security and affordability are key issues across North America and the globe."

Steve Halabura, Max Power chief geoscientist, added: "The high-resolution 3-D seismic survey completed in the spring has given us great confidence entering this commercial validation drill program at Lawson. We have strong targets and impressive potential scale associated with this natural hydrogen system, given the 14.2-square-kilometre structural closure within the broader 28 square km complex. The entire team is eager and excited to launch this program and write another chapter in the history of the Saskatchewan resource sector."

Commercial validation drilling targets apex and flanks of large structural closure

The initial well in this follow-up program at Lawson is being drilled into the apex of the Lawson structure, approximately two km from the original discovery, based on a high-resolution 3-D seismic survey completed during the spring that outlined a 14.2 square km structural closure, above the gas-water contact, within a broader Lawson complex covering 28 square km.

Why this matters to investors

Commercial validation represents the most important stage in the evolution of the Lawson discovery.

Following Canada's first confirmed subsurface natural hydrogen discovery, high-resolution 3-D seismic defining a 14.2 square km structural closure, and independent modeling by GLJ Ltd., Max Power is now testing the key technical parameters required before potential commercial development, including flow, pressure behaviour, continuity, concentrations, deliverability and commercial scalability.

Each milestone is designed to systematically reduce technical risk while increasing commercial confidence.

If successful, Lawson could become the world's first large-scale commercial natural hydrogen system, representing a defining milestone for both Max Power and the broader global energy industry.

Marketing agreement

Max Power announces that it has entered into an addendum (effective July 13, 2026) to its Dec. 29, 2025 agreement with Emerging Markets Consulting LLC (EMC), a Florida-based consulting firm that provides strategic communications and investor awareness support in connection with the dissemination of publicly available corporate information. Pursuant to the addendum, the company will pay EMC additional non-refundable fees of $400,000 (U.S.) for corporate information services, payable as to $200,000 upon execution of the addendum and $200,000 within 14 days thereafter. The addendum constitutes a renewal of the agreement for a successive six-month term commencing July 13, 2026. EMC is arm's length to the company, and no securities are issuable to EMC in connection with the engagement.

Options grant

The company announces that it has granted incentive stock options to certain directors, officers and consultants to purchase up to an aggregate of 5,235,000 common shares in the company pursuant to the company's omnibus equity incentive plan. The options are exercisable for a period of three years at a price of $2.10 per share. The options, and any underlying common shares issued on exercise thereof, will have a hold period expiring Nov. 11, 2026, in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. The options shall also be subject to vesting terms as determined by the company pursuant to the terms of the omnibus plan.

About Max Power Mining Corp.

Max Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The company's Lawson discovery near Central Butte, Sask., represents Canada's first-ever subsurface natural hydrogen system confirmed through deep drilling with data validated by three independent labs. Max Power has built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of natural hydrogen, and is nearing the start of a multiwell follow-up drill program to validate the commerciality of the broader Lawson complex interpreted to cover a 28 square km area along the 475 km Genesis trend. Max Power also holds a significant equity position in Homeland Critical Minerals, which now owns the Willcox project in Arizona, a lithium discovery confirmed in early 2024 by Max Power. Max Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement and strong corporate governance.

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