Mr. Scott Walters reports

MAXUS MINING AND PALLISER EXPLORATION ANNOUNCE CONTINUED PARTNERSHIP AND SUCCESSFUL COMPLETION OF 2025 FIELD PROGRAMS

Maxus Mining Inc. has continued its partnership with Palliser Exploration Ltd., and has successfully completed the 2025 field programs at the Quarry, Lotto, Alturas and Hurley properties.

Palliser is an experienced geological and exploration consultancy with a proven record of designing and executing successful exploration programs across Canada, with a particularly strong depth of experience in British Columbia. Palliser's technical team has led and supported numerous field and drill programs throughout the province, bringing practical knowledge of diverse geological settings and a wide range of deposit models, including Au-Cu-Mo (gold-copper-molybdenum) porphyry systems, low-sulphidation epithermal mineralization, metallurgical coal deposits and orogenic gold systems. This breadth of experience is complemented by hands-on involvement in later-stage project advancement, including bulk sampling, grade control programs and the transition from exploration through development-focused activities. Palliser's integrated technical approach ensures that exploration programs are efficiently executed, technically rigorous and aligned with project-specific objectives at every stage of advancement.

During the fall of 2025, Palliser successfully completed extensive exploration programs across the properties. These programs were executed efficiently and safely, with a strong focus on systematic geological mapping and targeted rock sampling. Over 200 surface rock samples were collected, and numerous important geological observations were documented, including mineralization styles, alteration patterns and structural controls that materially improved the geological understanding of each property. The results of the fall 2025 programs have significantly advanced the exploration models for these properties and have provided a robust technical foundation for follow-up work. The data and interpretations generated through this work materially enhance the exploration potential of the properties and will directly inform and add value to exploration planning and prioritization heading into the 2026 field season.

"We are very pleased with the continued partnership with Palliser Exploration and the successful execution of the 2025 field programs across our British Columbia portfolio," said Scott Walters, chief executive officer of Maxus Mining, "Palliser's disciplined, technically rigorous approach delivered high-quality geological data and meaningful observations that have materially advanced our understanding of each property. The work completed in 2025 provides a strong technical foundation that will directly inform exploration planning and prioritization as we move into the 2026 field season."

Qualified person statement

The scientific and technical information contained in this news release has been reviewed, verified and approved by Morgan Verge, PGeo, technical adviser of the company and a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Ms. Verge has examined information regarding the historical exploration at the properties, which includes a review of the historical sampling, analytical and procedures underlying the information and opinions contained herein.

Management cautions that historical results collected and reported by operators unrelated to Maxus have not been verified nor confirmed by its qualified person; however, the historical results create a scientific basis for continuing work at the properties. Management further cautions that historical results, discoveries and published resource estimates on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the properties.

About Maxus Mining Inc.

Maxus Mining is a mineral exploration company focused on locating, acquiring and, if warranted, advancing economic mineral properties in premier jurisdictions. The company is actively progressing its diversified portfolio totalling approximately 15,098 hectares of prospective terrain across British Columbia, Canada.

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