Mr. Tim McNulty reports

MAX RESOURCE EXTENDS EXPIRY DATE AND AMENDS PRICE ON SHARE PURCHASE WARRANTS

Max Resource Corp. has amended certain common share purchase warrants originally issued by way of private placement.

The amendment consists of an aggregate 14,825,000 warrants issued on March 28, 2022, having an exercise price of 36 cents, whereby the expiry date of the warrants will be extended one additional year from March 28, 2025, to March 28, 2026, and the exercise price will be amended to 31 cents.

The company will not be sending out new warrant certificates pursuant to the amendment unless requested by the relevant holders. The amendment remains subject to the approval of the TSX Venture Exchange.

About Max Resource Corp.

The company's wholly owned Sierra Azul 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). Max has an earn-in agreement (EIA) with Freeport-McMoRan Exploration Corp., a wholly owned affiliate of Freeport-McMoRan Inc. (NYSE: FCX), relating to the Sierra Azul project. Under the terms of the EIA, Freeport has been granted a two-stage option to acquire up to an 80-per-cent ownership interest in the Sierra Azul project by funding cumulative expenditures of $50-million and making cash payments to Max of $1.55-million. Max is the operator of the initial stage. The $4.2-million (U.S.) 2024 exploration program for the Sierra Azul project is financed by Freeport.

The company's Floralia DSO project is located 67 km east of Belo Horizonte, Minas Gerais, Brazil's largest iron ore and steel producing state. Max's technical team has significantly expanded the Floralia hematite geological target from eight to 12 mt (million tonnes) at 58 per cent Fe to 50 to 70 mt at 55 per cent to 61 per cent Fe.

Max Brazil has now commenced inaugural drill programs at the Floralia DSO project, consisting of approximately 1,000 metres of diamond and 800 metres by a mobile power auger rig.

The company has added an Australian entity, Max Brazil, to hold the Floralia DSO project through the existing Canadian and Brazilian holding entities. As announced on Jan. 9, 2025, Max Brazil plans to seek listing on the Australian Securities Exchange.

We seek Safe Harbor.