Mr. Ranbir Kalan reports

MAXUS MINING ANNOUNCES FLOW-THROUGH FINANCING

Maxus Mining Inc. has arranged a non-brokered private placement for gross proceeds of up to $1.25-million from the sale of up to 3,125,000 flow-through shares of the company at a price of 40 cents per FT share. The company intends to use the proceeds from the offering toward exploration on the company's project portfolio.

Each FT share will consist of one common share of the company to be issued as a flow-through share within the meaning of the Income Tax Act (Canada).

The company may pay finders' fees to third parties sourced by finders. The FT shares will be offered by way of the accredited investor and minimum amount investment exemptions under National Instrument 45 -106 (Prospectus Exemptions) in all the provinces of Canada. The FT shares will be subject to a statutory hold period in Canada ending on the date that is four months plus one day following the closing date of the offering.

The gross proceeds from the sale of the FT shares will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the Income Tax Act (Canada) related to the company's projects in Canada. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares, effective Dec. 31, 2026.

The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.

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 16,490 hectares of prospective terrain across British Columbia, Canada.

The portfolio includes 9,492 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 silver and 20 per cent Sb. Maxus's portfolio further includes the 3,875-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 Mining 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.