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Max Resource Adopts Shareholder Rights Plan
Vancouver B.C., September 22, 2022 - MAX RESOURCE CORP. ("Max" or the "Company") (TSX.V: MAX; OTC: MXROF; Frankfurt: M
--->1D2 announces that it has adopted a Shareholder Rights Plan (the "Plan"), subject to all necessary regulatory and shar
--->eholder approval. 

The Plan is designed to ensure that the Company's shareholders are treated fairly in the event of a take-over bid for 
--->the Company's common shares and that the Company's Board of Directors and shareholders will have adequate time to eval
--->uate any unsolicited take-over bid and, if appropriate, to evaluate and pursue other alternatives to maximize sharehol
--->der value. The Plan was not adopted in response to any actual or threatened take-over bid or other proposal from a thi
--->rd party to acquire control of the Company.

The Plan is effective as of September 8, 2022 (the "Effective Date"). The Plan has received the approval of the TSX Ve
--->nture Exchange, which is conditional upon the Company's shareholders confirming the Plan at the Annual General and Spe
--->cial Meeting of Shareholders to be held on October 11, 2022. If approved by shareholders, the Plan will be in effect u
--->ntil three years from the Effective Date and must be renewed by shareholders at the 2025 Annual General Meeting and ev
--->ery three years thereafter.

At the close of business on the Effective Date, one right (a "Right") will be issued and attached to each common share
---> of the Company outstanding at that time. A Right will also attach to each common share of the Company issued after th
--->e Effective Date. If shareholders do not confirm the Plan at the upcoming Annual General & Special Meeting, the Plan a
--->nd the Rights will terminate and cease to be effective.

The Plan is similar to shareholder rights plans recently adopted by several other Canadian companies. The Plan is not 
--->intended to block take-over bids. The Plan includes "Permitted Bid" provisions which will prevent the dilutive effects
---> of the Plan from operating if a take-over bid is made by way of a take-over bid circular that, among other things, re
--->mains open for a minimum of 60 days and is accepted by a specified proportion of the common shares held by independent
---> shareholders. The Plan will be triggered by an acquisition, other than pursuant to a Permitted Bid, of 20% or more of
---> the outstanding common shares of the Company.

About Max Resource Corp.
Max Resource Corp. (TSXV: MAX) is a mineral exploration company advancing the newly discovered district-scale Cesar co
--->pper-silver project. The wholly owned Cesar project sits along the Colombian portion of the world's largest producing 
--->copper belt (Andean belt), with world class infrastructure and the presence of global majors (Glencore and Chevron). 
In addition, Max controls the RT Gold project (100% earn-in) in Peru, encompassing a bulk tonnage primary gold porphyr
--->y zone, and 3-km to the NW, a gold bearing massive sulphide zone. Historic drilling in 2001, returned values ranging 3
--->.1 to 118.1 g/t gold over core lengths ranging from 2.2 to 36.0-metres. 
The safety of our people and the communities where we operate is most important. We conduct exploration in a manner wh
--->ich supports protection of ecosystems through responsible environmental stewardship. 
Source: NI 43:101 Geological Report Rio Tabaconas Gold Project for Golden Alliance Resources Corp. by George Sivertz, 
--->Oct.3, 2011
For more information visit: https://www.maxresource.com/
For additional information contact:     
Tim McNulty     
E: info@maxresource.com   
T: (604) 290-8100 
Rahim Lakha
E. rahim@bluesailcapital.com    
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Except for statements of historic fact, this news release contains certain "forward-looking information" within the me
--->aning of applicable securities law.  Forward-looking information is frequently characterized by words such as "plan", 
--->"expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain
---> events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the
---> date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cau
--->se actual events or results to differ materially from those anticipated in the forward-looking statements including, b
--->ut not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainti
--->es inherent in forward-looking information, including factors beyond the Company's control. There are no assurances th
--->at the commercialization plans for Max Resources Corp. described in this news release will come into effect on the ter
--->ms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circu
--->mstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to
---> place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that c
--->ould affect financial results is contained in the Company's filings with Canadian securities regulators, which filings
---> are available at www.sedar.com