Mr. Ran Narayanasamy reports

MAX POWER ANNOUNCES CLOSING OF SALE OF ARIZONA LITHIUM ASSET

Max Power Mining Corp. has completed the previously announced strategic transaction with Homeland Critical Minerals Corp. and has received Canadian Securities Exchange clearance for this transaction, pursuant to a share purchase agreement dated June 5, 2026. Max Power has sold all the issued and outstanding equity interests of its wholly owned subsidiary, Max Power Resources LLC, to Homeland, in exchange for 11 million common shares of Homeland. Max Power Resources owns the Willcox Playa lithium project and is a limited liability company existing under the laws of the State of Arizona.

Max Power may evaluate various alternatives with respect to its Homeland share position in the future, including the potential distribution of some or all such shares to Max Power shareholders, subject to applicable corporate, securities and regulatory requirements. Homeland intends to pursue a near-term listing on the TSX Venture Exchange.

Other benefits of this transaction for Max Power shareholders are as follows:

• Max Power remains intensely focused on its immediate goal of making the Lawson complex and the broader Genesis trend the global birthplace of large-scale natural hydrogen commercialization.
• With an improved lithium market and an administration focused on critical minerals development, Homeland is well positioned to unlock value from the Willcox project and pursue other potential critical mineral opportunities in the United States;
• Through its ownership of 11 million consideration shares, representing just under 50 per cent of Homeland's issued and outstanding shares, Max Power maintains significant exposure to the future success of the Willcox project and Homeland's broader business strategy.

In early 2024, Max Power confirmed a drilling discovery of near-surface lithium-rich clays over an extensive area of the Willcox project along the eastern side of the broader 50-square-mile playa (refer to the April 26, 2024, news release). Much of the rest of the playa is leased by the U.S. Department of Defense from the Bureau of Land Management (BLM).

The deal

Pursuant to the agreement, Homeland acquired all the issued and outstanding equity interests of Max Power Resources in exchange for the consideration shares. The consideration shares have an aggregate fair market value of approximately $1.1-million (Canadian) and were negotiated on an arm's-length basis. No finders' fees were payable in connection with the transaction. The consideration shares are subject to applicable statutory resale restrictions, including a four-month hold period.

Ran Narayanasamy, Max Power chief executive officer, commented: "We are pleased to have completed this transaction, which unlocks the value of an asset overlooked by investors given our intense focus on natural hydrogen and our success in Saskatchewan. As a major shareholder of Homeland, Max Power looks forward to this company's development and growth as an important player in the critical minerals sector in the United States."

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 in Saskatchewan, 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 two 2 million acres (approximately 809,000 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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