Mr. Ran Narayanasamy reports

MAX POWER STEPS OUT 2.4 KM FROM ORIGINAL LAWSON DISCOVERY AS NATURAL HYDROGEN COMMERCIAL VALIDATION PROGRAM BEGINS

Max Power Mining Corp. has commenced the commercial validation phase at the 28-square-kilometre Lawson complex, host to Canada's first subsurface natural hydrogen system discovered late last year.

The first well, Lawson 2-24, which was spudded last night (9:15 p.m. July 13), is targeting the apex of a large structural closure identified through a 3-D seismic survey completed this past spring following the drilling of Lawson discovery well 15-19, located approximately 2.4 kilometres to the northeast. Savanna drill rig No. 416 is expected to reach the main targeted discovery area for Lawson 2-24 in approximately two weeks.

Ran Narayanasamy, chief executive officer of Max Power, commented: "The original discovery is on the edge of what is now interpreted to be a very large system based on the 3-D seismic survey and analysis of all data compiled from Lawson over the past eight months. Within the structural closure, featuring an aerial extent of approximately 14 square kilometres, we have very significant scale potential. More broadly speaking, Lawson is the template for similar potential natural hydrogen discoveries along the entire length of the 475-kilometre Genesis trend bordering the Prairie Evaporite. Saskatchewan has the right geological mix and the demand drivers to become the global birthplace for commercialization of natural hydrogen. The time is now."

Mr. Narayanasamy added: "We welcome provincial and local government dignitaries as well as indigenous business leaders who are at the Lawson site today to mark the start of this commercial validation program. We see developments on the natural hydrogen front as potentially transformational regarding regional economic development, private-sector investment, job creation and industrial development along this leading Western Canadian industrial corridor between Moose Jaw and Regina."

Lawson complex helium potential

The Max Power geological team and independent consultant GLJ Ltd. are encouraged with respect to helium potential at the Lawson complex after unusually high helium values up to 8.7 per cent were detected in sealed core tube gas samples from a zone immediately above the natural hydrogen discovery in the 15-19 well (nine samples averaged 4.4 per cent helium). Lawson helium analysis continues with an update to the Jan. 16, 2026, news expected later this month.

Why this matters to investors

Commercial validation represents the most important stage in the evolution of the Lawson discovery.

Following Canada's first confirmed subsurface natural hydrogen discovery, high-resolution 3-D seismic defining a 14.2-square-kilometre structural closure and independent modelling by GLJ, Max Power is now testing the key technical parameters required before potential commercial development, including flow, pressure behaviour, continuity, concentrations, deliverability and commercial scalability.

Each milestone is designed to systematically reduce technical risk while increasing commercial confidence.

If successful, Lawson could become the world's first large-scale commercial natural hydrogen system, representing a defining milestone for both Max Power and the broader global energy industry.

Agreement

Max Power has engaged Hampton Securities Ltd., a Toronto-based investment dealer, to provide corporate and capital markets advisory services to the company.

Pursuant to an advisory fee agreement dated June 30, 2026, Hampton has been retained for a 90-day engagement to advise the company on its capital markets strategy and corporate development. The engagement is on a non-exclusive basis. In consideration for the services, the company has agreed to pay Hampton a one-time cash advisory fee of $400,000, plus applicable taxes. No securities of the company are issuable to Hampton in conjunction with the engagement.

The engagement does not relate to any specific potential transaction, nor is there any assurance that it will result in a particular transaction or outcome.

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, and has commenced a multiwell follow-up drill program to validate the commerciality of the broader Lawson complex interpreted to cover a 28-square-kilometre area along the 475-kilometre Genesis trend. Max Power also holds a significant equity position in Homeland Critical Minerals, which now owns the Willcox project in Arizona, a lithium discovery confirmed in early 2024 by Max Power. 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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