Mr. Eric Sprott, a shareholder, reports

ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN MAX POWER MINING CORP.

2176423 Ontario Ltd., a corporation which is beneficially owned by Eric Sprott, has purchased one million common shares of Max Power Mining Corp. over the Canadian Securities Exchange (representing approximately 0.7 per cent of the outstanding shares on non-diluted basis) at an average price of $2.0219 per share for aggregate consideration of $2,021,900.

Prior to the acquisition of shares, Mr. Sprott beneficially owned 17,484,979 shares and 12,138,548 share purchase warrants, representing approximately 12.1 per cent of the outstanding shares on a non-diluted basis and 18.9 per cent of the outstanding shares on a partially diluted basis assuming exercise of such warrants. Mr. Sprott now beneficially owns and controls 18,848,979 shares and 12,138,548 warrants, representing approximately 12.8 per cent of the outstanding shares on a non-diluted basis and 19.5 per cent of the outstanding shares on a partially diluted basis assuming exercise of such warrants. The acquisition resulted in an increase in holdings, on a partially diluted basis, of approximately 2.0 per cent since the date of the last filing of an early warning report.

The shares were acquired for investment purposes. Mr. Sprott has a long-term view of the investment, and may acquire additional securities, including on the open market or through private acquisitions, or sell the securities, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of the early warning report with respect to the foregoing will appear on Max Power's profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario Ltd., 7 King St. East, Suite 1106, Toronto, Ont., M5C 3C5).