Mr. Ran Narayanasamy reports

MAX POWER ADDS AURORA PROJECT PERMITS NEXT TO LAWSON, INCREASES PERMITTED LAND POSITION IN SASKATCHEWAN BY MORE THAN 50% TO 2 MILLION ACRES

As commercial validation drilling continues at Canada's first confirmed natural hydrogen system at the Lawson discovery (Lawson complex No. 1), Max Power Mining Corp. has acquired key permits covering 155,125 acres (628 square kilometres) contiguous to the 1,224-square-kilometre Lawson project striking southeast toward the city of Moose Jaw as part of a material expansion of the company's permitted landholdings in south-central Saskatchewan. Moose Jaw is the western flank of a major corridor featuring heavy industry and one of Canada's largest data centre developments, with Max Power and the City of Moose Jaw recently signing a memorandum of understanding (MOU) to explore joint opportunities around the world's first new primary energy source in decades.

This highly strategic new permitted land package next to Lawson comprises the newly named Aurora project, a basement-controlled structural play that may be hosted -- like Lawson -- by a large alkaline igneous complex situated on the contact of younger Paleoproterozoic exotic terrane and the older Archean Sask craton. With the right source rocks, migration pathways, reservoirs, structural traps and seals underpinning the geological model for the Aurora project, as is the case at Lawson, the 628 square kilometres of permits at Aurora are interpreted to cover ground that has Lawson-like high-impact, near-term potential for multiple natural hydrogen discoveries and commercialization pathways.

In total, based on extensive in-house analysis of comprehensive proprietary geological and geophysical data sets, Max Power has added 660,263 acres (2,672 square kilometres) of provincial-government-issued permits throughout the Genesis trend and elsewhere in south-central Saskatchewan as it targets the world's first large-scale commercial development of natural hydrogen as a new primary energy source in close proximity to a major industrial corridor.

Highlights:

• The Lawson-Aurora combination gives Max Power permits covering a contiguous 90-kilometre-long area striking northwest-southeast (1,852 square kilometres). Aurora is favourably situated along a major highway and rail transportation corridor adjacent to heavy industry and emerging AI (artificial intelligence) infrastructure.
• Two additional new permitted projects have been added within the 475-kilometre Genesis trend -- Ogema (100,530 acres or 407 square kilometres) and Kyle (24,812 acres or 100 square kilometres); Fox Valley (44,798 acres or 181 square kilometres) is a new permitted target area that expands the Grasslands project.
• Permits have been added to multiple existing projects, including Lawson, Radville and Tribune; total Max Power permitted landholdings in Saskatchewan now comprise approximately two million acres, up from approximately 1.3 million acres, within 12 projects, including Grasslands in the southwest, where a 325-kilometre stepout from Lawson on a different trend has returned multiple prospective natural hydrogen and helium zones (refer to June 30, 2026, news release).
• Additional details on these newly acquired permitted land packages will be provided over the coming weeks upon final review of highly encouraging data by both Max Power and independent consultant GLJ Ltd.

Ran Narayanasamy, chief executive officer of Max Power, commented: "Expanding our permit coverage to this scale gives us great optionality, including new potential monetization opportunities and advancement of our near-term commercialization strategy as our confidence around Lawson and the geological model grows by the day. We are driven by a months-to-molecules approach that will lead to a further expansion of permits as success on the ground accelerates."

Steve Halabura, chief geoscientist of Max Power, commented: "These permits in the hands of Max Power materially expand the Saskatchewan and North American natural hydrogen story and opportunity. Scalability is extraordinary, reflected in the fact Aurora is not an extension of Lawson but rather an entirely separate and very large structural complex with the potential -- like the Lawson project -- to host an array of natural hydrogen systems and deposits with a value-added helium component as well. Other new permits elsewhere also represent exciting opportunities; all areas feature strong discovery potential with literally dozens of early and more advanced targets. Our systematic, science-driven approach to exploration is paying off in multiple ways, and our AI-driven MAXX LEMI platform is particularly suited to this type of scaling up with respect to permits, drilling, new discoveries and rich data sets."

Genesis trend

Lawson complex No. 1 represents Canada's first natural hydrogen subsurface system, a 28-square-kilometre area of focus within a broader permitted land package comprising 1,224 square kilometres (henceforth to be called the Lawson project). Notably, multiple Lawson complexes are possible within the massive underexplored Lawson project (a complex in this context is a specific area of proven discovery).

The permitted Aurora project (628 square kilometres) adjoins the southeast corner of the Lawson project, striking southeast toward Moose Jaw, and represents what may be another set of complexes with many Lawson look-alike features. Multiple natural hydrogen systems are possible within the Aurora project, similar to the situation at Lawson.

Why This matters to investors

The expansion of Max Power's permitted position by more than 50 per cent to two million acres marks a pivotal step in the company's natural hydrogen strategy, extending the opportunity from a single confirmed system at Lawson toward a district-scale platform. The newly permitted Aurora project is especially notable: As a second, separate large structural complex adjoining Lawson and sharing the same geological model, Aurora is like another engine in the region and introduces the potential for multiple additional natural hydrogen systems and deposits, with a value-added helium component as well.

Together, Lawson and Aurora form a contiguous 90-kilometre corridor situated along major highway, rail and industrial infrastructure and adjacent to emerging AI data centre development between Moose Jaw and Regina, positioning potential future supply close to potential demand. With additional new permits added along the 475-kilometre Genesis trend and commercial validation drilling continuing at Lawson, Max Power is materially increasing its scale, optionality and potential monetization pathways.

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 two million acres (approximately 809,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of natural hydrogen and has commenced a multiwell follow-up drill program to validate the commerciality of the broader Lawson complex interpreted to cover a 28-square-kilometre area along the 475-kilometre 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.

We seek Safe Harbor.