Mr. Ran Narayanasamy reports

MAX POWER RAMPS UP NEXT PHASE FOR LAWSON NATURAL HYDROGEN DISCOVERY AND BROADER GENESIS TREND STRATEGY

Max Power Mining Corp. has accelerated its strategy targeting commercial evaluation and development of its Lawson natural hydrogen discovery near Central Butte, Sask., and broader plans to enter into multiple strategic partnerships across various sectors in ways that view the 475-kilometre-long Genesis trend as a potential nation-building project. As announced Jan. 16, 2026, Max Power has confirmed Canada's first ever natural hydrogen subsurface system through drilling. At least 80 structures of interest -- many with similar features as Lawson -- have been identified at Genesis that will be examined in closer detail over the coming months.

Highlights:

• Tetra Tech, a leading global provider of high-end consulting, engineering, program management and technical services, has been contracted to undertake a 47-square-kilometre 3-D seismic acquisition program planned to commence the week of Feb. 23, 2026, at the Lawson discovery near Central Butte. All permits and approvals have been received.
• The 3-D seismic survey will create a high-resolution subsurface data set that will allow for accurate imaging of potential hydrogen-containing structural traps at Lawson and thus inform Max Power's natural hydrogen resource modelling and estimation ahead of a confirmatory well to validate commerciality.
• A porosity and permeability analysis of Lawson is currently under way at Agat Laboratories in Calgary, concurrent with an isotopic analytical program at the University of Windsor.
• Completion of the core-based analytical program, along with the proprietary 3-D seismic survey, will allow for integration of all geological and geophysical data into a preliminary resource estimate while also identifying the optimal location for the Lawson confirmatory well.
• Beyond the Lawson/Central Butte area, at least 80 significant additional structures of interest considered prospective for natural hydrogen accumulations have been identified to date along the Genesis trend. These structures, such as Radville and Lucky Lake, are being prioritized as part of Max Power's 2026 multiwell drill program. Acquisition of 2-D trade seismic data, incorporated into the artificial-intelligence-assisted Maxx Lemi platform, will allow for efficient drill targeting and will also aid in developing a broad regional assessment of the entire trend.
• Max Power is in discussions with multiple potential end-users which have expressed an interest in sourcing natural hydrogen from the Genesis trend and elsewhere in Saskatchewan if commercial natural hydrogen deposits are proved.
• The Regina-Moose Jaw industrial corridor is located within and immediately adjacent to the Genesis trend, and is known as a hub for heavy industry, agriculture and logistics. It is a prime area for large-scale industrial development, including clean energy projects that are also being embraced by companies in the technology sector.

Ran Narayanasamy, chief executive officer of Max Power, commented: "We are moving rapidly at Lawson with an aggressive months to molecules strategy targeting commercial validation. The repeatability and scalability potential of Genesis creates the opportunity for the birth of the world's first natural hydrogen industry in Saskatchewan, driven not only by geology but technology -- a model for the world as this emerging clean energy sector gains momentum. That is the vision, and this is why we view Genesis as a potential nation-building project at a pivotal moment in Canada's history."

Steve Halabura, Max Power chief geoscientist, stated: "The Lawson discovery validates our five-element system model for natural hydrogen deposits: the right source rocks, migration pathways, reservoirs, traps and seals. The western edge of the Prairie evaporite, which hosts the world's largest potash mines, extends along the entire eastern border of Genesis, providing the traps and seals necessary for the accumulation of natural hydrogen and associated gases. Our research to date suggests the right source rocks, migration pathways and reservoirs are present across broad areas of Genesis, supporting the potential for basin-scale natural hydrogen endowment."

Lawson 3-D seismic survey

Tetra Tech will manage in-the-field operations for the Lawson 3-D seismic survey, mobilize and supervise field crews and equipment, and perform on-site quality control during acquisition. Data processing and interpretation will be handled by Max Power's selected specialists.

"Tetra Tech is committed to safe, environmentally responsible field operations and delivering the acquisition quality our clients require," stated Orrin Foster, technical director -- geophysical operations, Tetra Tech.

Environmental protection and safety measures will be implemented throughout the program to minimize footprint and community impact.

Mr. Halabura added: "Lawson is a structural play, meaning that, in the subsurface, positive elevations above a regional baseline, which are called closures, are crucial for the formation of traps and migrating natural hydrogen and associated gases. The principal method for imaging the structural lay of the land is the 3-D seismic survey. 3-D is exactly what it means -- sound waves are used to image individual geological horizons, with the data thus gathered used to create three-dimensional -- 3-D -- images of structural closures, in much the same way doctors can visualize the internal organs of the body using ultrasound waves."

Why this matters to investors

Max Power has rapidly advanced from test of concept to commercial evaluation at a time when global demand for secure, clean baseload energy is accelerating. The Lawson discovery confirmed Canada's first working natural hydrogen system. The 3-D seismic survey is an integral part of the analytical, resource modelling and estimation program, and will also optimize the location for a confirmatory well at Lawson. Defining scale, reservoir integrity and commercial deliverability are key near-term milestones.

Beyond Lawson, at least 80 additional structures identified along the 475-kilometre Genesis trend expand the opportunity from a single discovery to a basin-scale platform with high potential for repeatability. The trend runs directly through the Regina-Moose Jaw industrial corridor, positioning natural hydrogen as a potential domestic supply source for heavy industry, agriculture, logistics and technology infrastructure. If commercial deliverability is demonstrated, this could anchor a new strategic clean energy source for Canada, support nation-building infrastructure and materially expand the company's long-term growth profile.

About Max Power Mining Corp.

Max Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The company is a first mover in the rapidly growing natural hydrogen sector where it has built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits, plus an additional 5.7 million acres under application, covering prime exploration ground prospective for large-volume accumulations of natural hydrogen. Canada's first ever well specifically targeting natural hydrogen has been drilled by Max Power at the Lawson target on the Genesis trend, confirming a working subsurface system. Max Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox playa lithium project in southeastern Arizona, 100 per cent owned by Max Power's U.S. subsidiary Homeland Critical Minerals Corp.

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