Mr. Tim McNulty reports

MAX RESOURCE ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to the news release dated Dec. 24, 2025, Max Resource Corp. has confirmed the effective date for the consolidation of one postconsolidation share for every four preconsolidation shares.

Effective at the opening on Tuesday, Jan. 20, 2026, the shares of the company will commence trading on the TSX Venture Exchange on a consolidated basis. The name and stock symbol of the company shall remain the same.

Postconsolidation capitalization:  unlimited common shares with no par value of which approximately 55,507,331 common shares are issued and outstanding

Transfer agent:  Computershare Trust Company of Canada

Trading symbol:  MAX

Cusip No.:  57772U406 (new)

About Max Resource Corp.

Max Resource is a mineral exploration company focused on copper and precious metal assets in Colombia and exploration development of a high-purity iron project in Brazil.

The Mora gold-silver in Colombia project encompasses over 40 historic, five active mines, a series of exposed polymetallic structures over 2,500 metres by 1,000 metres surrounded by Collective Mining's Guayabales project and Aris Mining's Marmato gold operations.

The Serra Azul copper-silver project in Colombia 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). Serra Azul is fully financed by global miner Freeport-McMoRan relating to rights to earn up to 80 per cent by financing $50-million of accumulated expenditures. Backed by support of Freeport-McMoRan, the team views as validation the geological and mining potential of Serra Azul.

The Floralia high-purity iron project in Brazil lies adjacent to the largest iron ore mines in Minas Gerais, Brazil's largest iron-ore- and steel-producing state. Exploration includes drilling an upgraded exploration target of 50 million to 70 million tonnes at 55 per cent to 61 per cent iron. Exploration is fully financed through an option to purchase by Bolt Metals Corp., with the issuance of an aggregate of 32.3 million shares. The transaction is subject to satisfactory applicable regulatory approvals.

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.