Mr. Ran Narayanasamy reports

MAX POWER SIGNS MOU WITH CITY OF MOOSE JAW TO ADVANCE NATURAL HYDROGEN COMMERCIALIZATION WITHIN SASKATCHEWAN'S LARGEST INDUSTRIAL CORRIDOR

Max Power Mining Corp. has signed a memorandum of understanding (MOU) with the City of Moose Jaw to jointly advance strategic opportunities related to natural hydrogen commercialization within the Regina-Moose Jaw industrial corridor. The partnership aligns regional infrastructure, industry, policy and economic development initiatives as Max Power rapidly advances the Lawson natural hydrogen system near Central Butte, approximately 80 kilometres northwest of Moose Jaw, toward commercial validation. Max Power looks forward to providing a further operational update on Lawson during the week of May 18, 2026.

The Max Power-City of Moose Jaw MOU was signed by both parties yesterday afternoon in a special ceremony at City Hall in Moose Jaw.

Ran Narayanasamy, Max Power chief executive officer, commented: "Saskatchewan has long played a foundational role in feeding and powering the world, and we believe natural hydrogen represents the next chapter in that legacy. As Max Power advances its natural hydrogen project toward commercial validation, we see a meaningful opportunity to support innovation, attract investment, create long-term economic value and help position this region at the forefront of a new category of domestically sourced clean energy."

James Murdoch, Mayor of Moose Jaw, stated: "Our strategic plan emphasizes economic growth and strong partnerships, and this MOU reflects that approach. We commend Max Power for advancing natural hydrogen exploration in our region and for engaging Moose Jaw in the conversation. This agreement allows us to explore the potential of natural hydrogen to support local industries, research and training partnerships, and longer-term economic opportunities. Our location within the Regina-Moose Jaw industrial corridor and established industrial strengths position us well to take part in these emerging discussions."

Moose Jaw and the Regina-Moose Jaw industrial corridor

Moose Jaw anchors the western gateway of the Regina-Moose Jaw industrial corridor, a strategic hub of transportation, logistics, industrial operations, energy infrastructure, skilled work force, education and research capabilities in south-central Saskatchewan, along with Canada's largest proposed data centre development (Bell Canada). With the Lawson discovery located approximately 80 kilometres northwest of Moose Jaw and the Genesis trend extending directly through this corridor, Max Power believes the region is uniquely positioned to connect large-scale natural hydrogen discovery potential with future end-use demand, infrastructure development, work force growth and long-term regional economic expansion.

During yesterday's signing ceremony, Mr. Narayanasamy described Moose Jaw's leadership as "visionary" noting that the partnership reflects the type of forward-thinking collaboration required as Saskatchewan emerges as a leader in Canada's developing natural hydrogen sector. He further emphasized the broader strategic importance of natural hydrogen in supporting Saskatchewan's economy, strengthening Canada's clean energy future and advancing long-term domestic energy security.

Why this matters to investors

Max Power is strategically advancing beyond discovery and toward the broader development framework required for potential commercialization of natural hydrogen. The Moose Jaw MOU represents an important step in aligning infrastructure, policy, industry and regional economic development initiatives as the company progresses the Lawson discovery toward commercial validation and evaluates future integration opportunities within Saskatchewan's largest industrial corridor.

As Max Power continues advancing Canada's first confirmed subsurface natural hydrogen system, the combination of supportive provincial policy, established industrial infrastructure, proximity to demand and increasing regional engagement strengthens the broader development pathway for natural hydrogen in Saskatchewan.

Importantly, the company continues to advance Lawson through expanded technical evaluation and near-term operational milestones, with additional updates expected shortly as Max Power further defines the scale, commercial parameters and broader development potential of the system.

As global demand accelerates for secure, scalable and domestically sourced clean energy, Max Power is positioning itself at the intersection of energy, infrastructure and industrial growth, and long-term energy security within North America's most prospective emerging natural hydrogen jurisdictions.

Max Power enters into marketing agreement

Max Power has entered into a marketing agreement with Quantum Ventures Inc., a British Columbia-based marketing firm operating "The New Money" platform, to provide marketing and investor awareness services to the company.

Pursuant to the agreement, which has an effective date of May 9, 2026, Quantum Ventures will provide services including media creation, on-line awareness strategies, strategic introductions and digital advertising campaigns across The New Money and partner channels. The marketing campaigns are expected to run for approximately 45 days, subject to flexibility based on campaign objectives. The agreement has an initial term of four months.

In consideration for the services, the company has agreed to pay Quantum Ventures an upfront fee of $150,000 (U.S.). Quantum Ventures is an independent contractor and is at arm's length to the company. To the knowledge of the company, Quantum Ventures does not currently own any securities of Max Power.

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 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 southeast Arizona, 100 per cent owned by Max Power's United States 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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