Mr. Ran Narayanasamy reports

MAX POWER SHAREHOLDERS APPROVE SPROTT CONTROL PERSON RESOLUTION

Max Power Mining Corp. has released the results of its special meeting of shareholders held on Thursday, Aug. 20, 2026, at which disinterested shareholders overwhelmingly approved the resolution relating to the creation of Eric Sprott as a control person of the company.

More than 99.92 per cent of the votes cast by disinterested shareholders at the meeting were voted in favour of the resolution. The approval provides Mr. Sprott with greater flexibility to increase his ownership position in Max Power.

As previously announced by the company, Mr. Sprott indirectly owns and exercises control over 34,984,979 common shares and 28,638,548 common share purchase warrants, representing approximately 19.5 per cent of the issued and outstanding common shares on a non-diluted basis and approximately 30.5 per cent on a partially diluted basis, assuming exercise of the warrants. Additional information regarding the matters considered at the meeting is contained in the company's management information circular dated June 30, 2026, which is available under the company's profile on SEDAR+.

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 two 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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