Mr. Ran Narayanasamy reports

3D SEISMIC SURVEY MATERIALLY EXPANDS LAWSON NATURAL HYDROGEN DISCOVERY TARGET AREA

Max Power Mining Corp.'s preliminary results from a recently completed 3-D seismic survey at the Lawson natural hydrogen system near Central Butte, Sask., have delineated a large, coherent structural closure with an estimated aerial extent of approximately 14.2 square kilometres. This materially expands the scale of the project and highlights the potential for multiple producing wells within a newly designated area referred to as Lawson Central, which encompasses the original Lawson discovery.

The 3-D seismic survey has also further identified multiple discrete, high-priority drill targets across the 14.2-square-kilometre structure, highlighting how the Lawson 15-19 well does not appear to be an isolated discovery of Canada's first subsurface natural hydrogen system with an increasingly important potential helium component.

In addition to a material expansion of Lawson's potential discovery footprint, creating Lawson Central, the 3-D survey defines a prospective broader Lawson complex of approximately 28 square kilometres.

Steve Halabura, Max Power chief geoscientist, commented: "The 3-D seismic survey is transformational for our understanding of how big the prize could be in just this one part of the 475-kilometre Genesis trend. To use an analogy, with the 2-D seismic that was used to select the initial Lawson drill target, we were seeing a solar system. Now, after the Lawson discovery and the 3-D seismic data we're seeing an entire galaxy. That's the best way to describe the significance of this. At the Lawson discovery, where we successfully confirmed free gas flow to surface and recorded significant hydrogen concentrations, drilling just nicked the edge of this natural hydrogen system based on 3-D seismic. This speaks to both the scale and the quality of what we're exploring here."

Notably, a major area of relief sits approximately 80 to 100 metres updip from the Lawson 15-19 well located slightly toward the east. The apex and upper flanks of this structure, well above the gas-water contact, are optimal areas to target high-volume accumulations of natural hydrogen in gas-charged reservoirs with hydrogen and helium in economically viable concentrations.

Chief executive officer commentary

Ran Narayanasamy, chief executive officer of Max Power, added: "We are elated with these initial results from our 3-D seismic survey at Lawson. They clearly represent a defining step in our progression from initial system confirmation to understanding the potential for multiple producing wells in the Lawson area. The data is allowing us to move beyond a single discovery well and into a fully defined geological framework with multiple high-priority targets. As we advance interpretation and modelling, and plan for follow-up drilling at the apex and flanks of the system, our focus is on systematically evaluating continuity, potential volumes and the key parameters required for commercial assessment."

Mr. Narayanasamy concluded: "This initiative is a key milestone development for Max Power in assessing Lawson's potential as a scalable and affordable clean energy platform aligned with growing industrial demand for hydrogen. It is also positioning Saskatchewan as the birthplace of natural hydrogen development in Canada and further supports the province as a leading resource jurisdiction globally."

Moving forward

Interpretation of the 3-D seismic survey is continuing, with further updates expected in the near term as the company advances its understanding of reservoir distribution, structural architecture and overall system scale at Lawson Central. This work will directly support progression toward internal resource modelling and estimation, providing a more defined framework for assessing the economic potential of the Lawson system. Concurrently, the company is advancing plans for near-term follow-up drilling targeting structurally optimal zones, including the apex of the system and other higher elevation areas, as part of a disciplined program to evaluate continuity, flow characteristics and commercial viability.

Why this matters to investors

Max Power is advancing from initial system confirmation toward defining the scale and commercial potential of what may represent Canada's first scalable natural hydrogen system. The 3-D seismic program at Lawson marks a critical inflection point, shifting the project from a single well outcome to a clearly defined structural system with potential for multiple producing wells. The scale being delineated, together with its position within the broader 475-kilometre Genesis trend, begins to frame the system in a much larger context, supporting the interpretation of a potentially extensive and repeatable geological framework.

The delineation of a large structural closure and broader complex materially enhances the company's ability to target optimal zones for follow-up drilling, including higher elevation areas at the apex and flanks of the system, where gas accumulation potential is greatest. This represents a key step in evaluating continuity, volume potential and the assumptions required for commercial assessment, while also advancing the technical foundation required for internal resource modelling and estimation.

At a broader level, these developments position Max Power within an emerging global energy category at a time when demand for reliable, clean, domestically sourced energy is accelerating. As the industry works to define scalable natural hydrogen systems, progress at Lawson contributes to a growing understanding of how these systems can be identified and developed. If advanced, systems of this scale have the potential to support a new form of energy infrastructure aligned with industrial demand, energy security and long-term national development.

About Max Power Mining Corp.

Max Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The company's Lawson discovery near Central Butte, Sask., represents Canada's first ever subsurface natural hydrogen system confirmed through deep drilling with data validated by three independent labs. Max Power 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. 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. Max Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement and strong corporate governance.

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