Mr. Scott Walters reports

MAXUS MINING APPOINTS MORGAN VERGE AS VICE PRESIDENT OF EXPLORATION

Maxus Mining Inc. has appointed Morgan Verge, PGeo, as vice-president of exploration, effective immediately.

"I am pleased to take on the role of vice-president of exploration at Maxus," said Morgan Verge, PGeo, vice-president of exploration of Maxus Mining. "I look forward to working closely with the Maxus team to build a strong and collaborative technical group, advance our exploration programs and apply a disciplined, data-driven approach to creating long-term value for the company."

Ms. Verge is a professional geoscientist with nearly 15 years of experience in mineral exploration, geological data management and project advancement. In her role, she will lead exploration strategy, technical evaluation and the execution of exploration programs across the company's portfolio. Ms. Verge has been working with Maxus as a technical adviser since June, 2025, supporting exploration planning, data integration and project advancement.

Ms. Verge is the president of Verge Geological Consulting Ltd. and has held senior technical and database management roles with Aureus Gold, Agnico Eagle and Lake Shore Gold. She has designed and managed multidisciplinary exploration programs, overseen National Instrument 43-101-compliant geological databases and secured over $1.5-million in government funding to advance exploration projects. More recently, she has worked as a geological consultant with Juno Corp. and Sterling Metals Corp.

Ms. Verge is a licensed professional geoscientist in British Columbia, Nova Scotia and Ontario, and currently serves as president of the Nova Scotia Prospectors Association.

"On behalf of the board and management team, we are pleased to welcome Morgan to Maxus as vice-president of exploration," said Scott Walters, chief executive officer of Maxus Mining. "Morgan brings the right combination of technical depth, practical experience and leadership as we continue to build our exploration team and advance the company's portfolio. Her disciplined, science-driven approach and experience working across growing exploration groups will be an important asset as Maxus moves into its next phase of growth."

The company also announces it has granted 200,000 options to Ms. Verge. The options are exercisable at a price of $2.20 per common share for a term of two years. The options are governed by the terms of the company's equity incentive plan, and the options, and any common shares issued upon the exercise of, are subject to a four-month hold period from the date of grant in accordance with the policies of the Canadian Securities Exchange.

Qualified person statement

The scientific and technical information contained in this news release has been reviewed, verified and approved by Morgan Verge, PGeo, vice-president, exploration, of the company, 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 company's properties, which include a review of the historical sampling, analytics 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 company's 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 company's 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.

The portfolio includes 8,920 hectares across three antimony projects, anchored by the flagship Alturas antimony project, where a recent discovery returned high-grade naturally occurring antimony up to 69.98 per cent Sb. The Hurley antimony project, located adjacent to Endurance Gold Corp.'s Reliance gold project, where 2024 drilling reported 19.2 per cent Sb and 2.16 grams per tonne gold over 0.5 metre, and the Quarry Antimony project, which hosts historical polymetallic samples grading 0.89 g/t Au, 3.8 per cent copper, 0.34 per cent zinc, 42.5 per cent lead, 0.65 g/t Ag and 20 per cent Sb. Maxus's portfolio further includes the 3,054-hectare Lotto tungsten project, where a selected 1980 grab sample from a scheelite-bearing quartz vein assayed 10.97 per cent WO3, and the 3,123-hectare Penny copper project, which has over 100 years of recorded exploration. Recent work programs at Penny included rock sampling and geological mapping, with 2017 sampling returning copper values of 1,046 parts per million copper (TK17-149c), 1,808 ppm Cu (TK17-28) and 2,388 ppm Cu (TK17-12). The project is strategically located near the historic Sullivan mine at Kimberley, B.C., an area that continues to attract significant exploration activity.

Maxus is committed to advancing its B.C. projects through targeted exploration programs designed to unlock value across multiple critical mineral systems.

We seek Safe Harbor.