Mr. Tim McNulty reports

MAX RESOURCE ANNOUNCES PRIVATE PLACEMENT

Max Resource Corp. has arranged a non-brokered private placement of up to 30 million units of the company at a price of 10 cents per unit for total gross proceeds of up to $3-million.

Each unit will be composed of one common share and one-half of one transferable warrant. Each warrant will entitle the holder to purchase one additional common share for a period of two years at a price of 17.5 cents per share.

The company intends to use the proceeds from this offering toward mineral exploration at its newly acquired Mora gold-silver project and general working capital. The offering is subject to TSX Venture Exchange approval, and all securities are subject to a four-month-and-one-day hold period. Finders' fees may be payable in connection with the offering, all in accordance with the policies of the TSX Venture Exchange.

About Max Resource Corp.

In August, through its wholly owned subsidiary Maximum Company Colombia SAS, Max entered into a purchase agreement to acquire 100 per cent of the common shares of Inversiones Villamora SAS, a company in Colombia that owns 100 per cent of mining concession No. KK6-0831 (Mora property). The property covers 40 historic workings, five active gold-silver mines and a series of polymetallic structures 2,500 metres by 1,000 metres, and is adjacent to Aris Mining's Marmato mine, and Collective Mining's Guayabales project abuts to the north.

Max's wholly owned Sierra Azul copper-silver 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 with Freeport-McMoRan Exploration Corp., a wholly owned affiliate of Freeport-McMoRan Inc. relating to the Sierra Azul project. Under the terms of the EIA, Freeport has been granted a two-stage option to acquire an up-to-80-per-cent ownership interest in the Sierra Azul project by financing cumulative expenditures of $50-million and cash payments totalling $1.55-million. Max is the operator of the initial stage.

Max Iron Brazil's wholly owned Floralia hematite DSO project is located 67 kilometres 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 million to 12 million tonnes at 58 per cent iron to 50,000 to 70,000 tonnes at 55 per cent to 61 per cent iron.

Max cautions investors the potential quantity and grade of the iron ore are conceptual in nature, and further cautions there has been insufficient exploration to define a mineral resource, and Max is uncertain if further exploration will result in the geological target being delineated as a mineral resource. Hematite mineralization tonnage potential estimation is based on in situ high-grade outcrops, and interpreted and modelled magnetic anomalies. Density value used for the estimate is 2.8 tonnes per cubic metre. Hematite sample grades range between 55 and 61 per cent iron. The 58 channel samples were collected for chemical analysis from in situ outcrops in previously mined slopes of industrial materials.

We seek Safe Harbor.