MAX Power Mining Corp.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

What if the clean energy breakthrough the world's chasing is already beneath our feet – pure, and affordable?

It's called Natural Hydrogen, because it forms naturally underground. For the first time, Natural Hydrogen deposits are being discovered in the earth's subsurface.

Some say it could spark a new energy boom – like oil in the early 1900's.

MAX Power, a publicly traded company listed on the Canadian Securities Exchange (CSE: MAXX), is leading the Natural Hydrogen charge with science, scale and momentum behind it. MAX Power has assembled the largest permitted land package in Canada (1.3 million acres) for the exploration of Natural Hydrogen, initially focused on the province of Saskatchewan where the company will be carrying out Canada's first-ever deep multi-well drill program specifically targeting Natural Hydrogen deposits during the second half of 2025. MAX Power has put together a strong team, one that includes lead geologist Steve Halabura who played a key role in helping make Saskatchewan the potash capital of the world.

Hydrogen is playing an increasing role with respect to our energy needs. The hydrogen that most people are familiar with is manufactured hydrogen, produced from fossil fuels (natural gas). There are emissions associated with manufactured hydrogen, and cost per kilogram is still an issue. Green hydrogen, which involves the use of wind, solar and a process called electrolysis, is particularly expensive and makes up less than 1% of the hydrogen used today.

Hydrogen also occurs in the earth's subsurface – this has been known for a long time – but what geologists have recently discovered is that large accumulations or deposits of hydrogen also exist. This is a potential game-changer for the energy sector because sourcing hydrogen as an end product from directly underground not only means less emissions for the earth's atmosphere vs. fossil fuels, but costs per kilogram are expected to be $1 or less – this would give Natural Hydrogen a competitive advantage in a hydrogen sector that is expected to expand dramatically over the next decade.

Projects in Hand

Just over a year ago, MAX Power was the first public company in Canada to enter the Natural Hydrogen space. Since then, numerous other companies have joined the search for Natural Hydrogen across Canada (and the United States), but as “first-mover” MAX Power holds many advantages including:

• 1.3 million permitted acres with another 5.7 million acres under application
• Focus is on Saskatchewan which has North America's most favorable policy framework for the exploration and development of Natural Hydrogen
• MAX Power's Genesis Trend – its largest of 6 properties in Saskatchewan – is immediately adjacent to an industrial corridor and Saskatchewan's first proposed hydrogen hub
• Demand for hydrogen is strong in Saskatchewan, in part due to its booming agricultural industry
• Structural “bullseye” drill targets identified at two key properties – Genesis and Grasslands
• Advanced geological model and a proprietary Prospect Ranking Tool (“PRT”)

The CEO for MAX Power is Mansoor Jan who has been with BHP Australia and BHP Chile for much of his career in the resource sector. He has pulled together a highly experienced team to handle ground operations, while the Board of Directors includes Neil McMillan, the former Chairman of the Board of Cameco Corp. (the world's largest publicly traded uranium company), and Rob Norris, a prominent cabinet minister under successful former Saskatchewan Premier Brad Wall.

MAX Power has just 64 million shares outstanding as of June 2025 for a market cap of approximately $15 million. By comparison, Australian-listed HyTerra, which began drilling for Natural Hydrogen in the state of Kansas during the 2nd quarter of this year, has a market cap of approximately $40 million. MAX Power's project is nearly 20 times the size of HyTerra's, but HyTerra did attract Fortescue Future Industries as a major investor for more than $20 million. MAX has opportunities to draw that kind of interest as well from a major, especially now that it's preparing to drill at some point during the 2nd half of 2025.

MAX Power also holds lithium properties in Quebec and the United States where it made a discovery early last year in drilling at its Willcox Project in Arizona. Potentially, with MAX Power focusing on Natural Hydrogen, the value of its lithium assets could be unlocked through a joint venture or spinout.

Management

Management and Directors

Mansoor Jan, CEO & Director

Mr. Jan is an Australian resident with an extensive background in both the mining sector and capital markets. Throughout his career, Mr. Jan has held various roles at BHP Australia, BHP Chile and Rio Tinto, advancing projects in multiple countries. In particular, at BHP, he managed business planning activities, capital prioritization, mine operation, technology delivery and business development, and spearheaded business improvement initiatives, co-ordinating activities across Chile and Australia. Mr. Jan holds a BA and an MSc in Economics and a Master of Commerce from University of New South Wales in Australia.

Neil McMillan, Director & Chair of Audit Committee

Mr. McMillan is the former Chairman of the Board of Cameco, the world’s largest publicly traded uranium company, and has enjoyed a dynamic career spanning several decades in the investment industry, mining and government. Mr. McMillan was on the board of Cameco for 16 years. Notably, he also captained Saskatchewan’s only gold mining company to profitability as President and CEO of Claude Resources, setting up the company for a buyout by Silver Standard Resources for $337 million in 2014.

Rob Norris, Director

Mr. Norris was twice elected to serve as Member of the Saskatchewan Legislative Assembly for the riding of Saskatoon-Greystone (2007-2016). He served as Premier Brad Wall’s Minister of Advanced Education, Employment, Labour, Immigration, and Innovation and SaskPower. He also served as the Premier’s Legislative Secretary for First Nations and Metis Peoples. He’s currently Senior VP of the PSI Group of Companies. He also serves as a senior advisor to EnviroWay, a Saskatchewan-based chemical corporation and associated companies.

Brent Dunlop, Director

Mr. Dunlop is a long-time resident of Saskatoon where he built $700 million in assets under management during a 28-year career in wealth management at RBC. Prior to this, he worked at Inco for 11 years, quickly rising through the ranks to become Senior Geologist in his early 20’s. He worked for 11 years at mines in Thompson and Sudbury, including Copper Cliff North and Levack. Following this, Mr. Dunlop spent six years in engineering, research and development as a P.Eng. with Potash Corp. in Saskatchewan.

Ryan Cheung, CPA, CA, Chief Financial Officer

Mr. Cheung is the founder and managing partner of MCPA Services Inc., Chartered Professional Accountants, in Vancouver. Leveraging his experience as a former auditor of junior mining and resource companies, Mr. Cheung serves as a director and/or officer or consultant for public and private companies.

Shayne Neigum, P.Geo., VP-Exploration

Mr. Neigum, Owner and President of Saskatchewan-based 2SevenEnergy Services Ltd., is highly skilled in the upstream, midstream and downstream workings of the oil and gas industry and niche sectors such as hydrogen, helium and geothermal. He’s recognized as a leader whose strong ability to manage people and teams is supported by his expertise across multiple specific areas. Mr. Neigum took the first public company in the helium and associated gases sector to commerciality and revenue.

News Update

On March 05, 2026, MAX Power Mining Corp. announced that CEO Ran Narayanasamy and the Company have just been selected as final nominees for three of nine awards to be presented at the 2026 Canadian Hydrogen Convention in Edmonton April 21-23, North America’s premier event for hydrogen production, storage, and infrastructure. MAX Power is a finalist for the Hydrogen Project Award and the Digital Innovation Award, while CEO Ran Narayanasamy is a finalist for the Emerging Hydrogen Leader Award. In addition, Mr. Narayanasamy will moderate the event’s first-ever panel discussion on Natural Hydrogen (Naturally Occurring Hydrogen – Exploring Canada’s Potential) which will include MAX Power Chief Geoscientist Steve Halabura and other experts on the second day of the event, April 22.

• Hydrogen Project Award (MAX Power, one of three finalists)
• Hydrogen Digital Innovator Award (MAX Power, one of three finalists)
• Emerging Hydrogen Leader (Ran Narayanasamy, one of eight finalists)

Mr. Narayanasamy commented:“We’re humbled by this recognition, and I congratulate our team for its hard work and accomplishments. Our Saskatchewan Natural Hydrogen Project has put MAX Power in a position to make Canada the global birthplace of large-scale Natural Hydrogen commercialization, a project of potential nation-building scope as we discussed with officials in Ottawa last week. As we proceed through our program of analytical testing, resource modelling and estimation at the Lawson Discovery on the Genesis Trend, ahead of our confirmatory well, we’ve already started our second well 325 km to the southwest at Bracken on the Grasslands Project. With 1.3 million permitted acres and 5.7 million acres under application, we have the scale, the geology, the team, and MAXX LEMI to lead the world in the exploration and development of this emerging new primary energy source.”

Mr. Neil McMillan, Chairman of the Board of MAX Power, commented:“Ran as finalist for Emerging Leader is a testament to the groundbreaking work he has done with MAX Power in just his first few months as CEO after joining us from the globally recognized Petroleum Technology Research Centre (PTRC) where his clean energy leadership spanned several sectors including hydrogen. The Canadian Hydrogen Convention is a major event, and we look forward to championing the Natural Hydrogen sector to the many thousands of attendees.”

On February 27, 2026, MAX Power Mining Corp. announced that following confirmation of Canada’s first subsurface Natural Hydrogen system at Lawson near Central Butte, Saskatchewan, the Company has commenced drilling of a second well (“Bracken”) approximately 325 km southwest of the Lawson Discovery. Bracken is designed to test basin-scale continuity under a distinct geological trapping mechanism at the Grasslands Project within MAX Power’s broader land package comprising 1.3 million permitted acres.

Bracken represents a “stratigraphic” play concept where drilling is targeting the “pinch-out” of what’s interpreted to be a large reservoir based on 34.3 line kilometres of newly acquired proprietary 2-D seismic data combined with legacy 2-D seismic. Stratigraphic trapping can support laterally extensive Natural Hydrogen accumulations which, if confirmed, may have meaningful implications for volume potential and system continuity.

Notably, Bracken is located in an area of the province where MAX Power’s geological team first identified a rare rock assemblage in the basement complex believed to be associated with Western Canada's first known deep subsurface occurrence of Natural Hydrogen, ahead of the Lawson Discovery.

Mr. Steve Halabura, MAX Power Chief Geoscientist, commented:“We’re excited about the potential of this second play concept to deliver meaningful results and demonstrate basin-scale continuity for Natural Hydrogen in Saskatchewan. Bracken is also in the heart of a known helium fairway, so this adds to the discovery potential. Total permitted acres covering multiple prospect areas at Grasslands extends 75 km west to east, and 10 km north-south. This is a large area of interest that we are now advancing concurrent with Lawson Discovery follow-up a few hundred kilometers to the northeast.”

On February 17, 2026, Max Power Mining Corp. has accelerated its strategy targeting commercial evaluation and development of its Lawson natural hydrogen discovery near Central Butte, Sask., and broader plans to enter into multiple strategic partnerships across various sectors in ways that view the 475-kilometre-long Genesis trend as a potential nation-building project. As announced Jan. 16, 2026, Max Power has confirmed Canada's first ever natural hydrogen subsurface system through drilling. At least 80 structures of interest -- many with similar features as Lawson -- have been identified at Genesis that will be examined in closer detail over the coming months.

Ran Narayanasamy, chief executive officer of Max Power, commented: "We are moving rapidly at Lawson with an aggressive months to molecules strategy targeting commercial validation. The repeatability and scalability potential of Genesis creates the opportunity for the birth of the world's first natural hydrogen industry in Saskatchewan, driven not only by geology but technology -- a model for the world as this emerging clean energy sector gains momentum. That is the vision, and this is why we view Genesis as a potential nation-building project at a pivotal moment in Canada's history."

Steve Halabura, Max Power chief geoscientist, stated: "The Lawson discovery validates our five-element system model for natural hydrogen deposits: the right source rocks, migration pathways, reservoirs, traps and seals. The western edge of the Prairie evaporite, which hosts the world's largest potash mines, extends along the entire eastern border of Genesis, providing the traps and seals necessary for the accumulation of natural hydrogen and associated gases. Our research to date suggests the right source rocks, migration pathways and reservoirs are present across broad areas of Genesis, supporting the potential for basin-scale natural hydrogen endowment."

On January 30, 2026, In parallel with the continuing analytical testing, resource modelling and resource estimation program at its Lawson natural hydrogen discovery in the heart of the 475-kilometre-long Genesis trend, Max Power Mining Corp. has identified a robust target for near-term drilling of a second play concept for natural hydrogen in Saskatchewan. Licensing is under way to commence the Bracken well along the Saskatchewan-Montana border in February.

With a natural hydrogen discovery now confirmed at Lawson, Max Power is advancing toward potential commercialization while simultaneously testing additional play concepts across Saskatchewan. The Bracken well represents an important step in demonstrating basin-scale continuity, supporting the geological team's interpretation that natural hydrogen systems in Saskatchewan are repeatable and scalable across multiple trends.

Bracken highlights:

• The Bracken well location was generated through an integrated geophysical and geological workflow leveraging 34.3 line kilometres of newly acquired proprietary 2-D seismic data combined with legacy 2-D seismic.
• This data set was rigorously interpreted to delineate basement architecture, structural and stratigraphic pathways, and prospective migration corridors considered critical to natural hydrogen and associated clean gas accumulation.
• Like Genesis to the northeast, the Grasslands project is considered prospective for multiple potential natural hydrogen discoveries that may also include helium.
• Bracken and the broader Grasslands project are benefiting from, and informing, the company's in-house AI-assisted (artificial intelligence) large Earth model integration (LEMI) platform known as MAXX LEMI, Max Power's proprietary tool to optimize natural hydrogen exploration and drill target selection.

Ran Narayanasamy, chief executive officer of Max Power, commented: "We continue to move at a rapid pace with respect to natural hydrogen exploration and development in Saskatchewan, where we have the advantage of a mature and favourable policy framework. This also highlights the stark timeline difference between exploration and potential commercialization of natural hydrogen versus traditional mineral and metal projects. This is months to molecules, not years. Our goal is to quickly unlock scalable, low-carbon energy resources in Saskatchewan and leverage the MAXX LEMI model for natural hydrogen on a global basis."

On January 16, 2026, 2176423 Ontario Ltd., a corporation which is beneficially owned by Eric Sprott, purchased 600,500 common shares of Max Power Mining Corp. over the Canadian Securities Exchange (representing approximately 0.5 per cent of the outstanding shares on non-diluted basis) at a price of 82.05 cents per share for aggregate consideration of $492,710.25.

Prior to the acquisition of shares, Mr. Sprott beneficially owned 10,369,318 shares and 10,369,318 share purchase warrants, representing approximately 9.3 per cent of the outstanding shares on a non-diluted basis and 17.0 per cent of the outstanding shares on a partially diluted basis assuming exercise of such warrants. Mr. Sprott now beneficially owns and controls 10,969,818 shares and 10,369,318 warrants, representing approximately 9.8 per cent of the outstanding shares on a non-diluted basis and 17.5 per cent of the outstanding shares on a partially diluted basis assuming exercise of such warrants. The acquisition resulted in a decrease in holdings, on a partially diluted basis, of approximately 6.0 per cent since the date of the last filing of an early warning report.

On January 16, 2026, MAX Power Mining Corp. announced the confirmation of Canada’s first-ever subsurface Natural Hydrogen system following the successful completion and testing of the first well ever drilled in Canada (“Lawson”) specifically targeting Natural Hydrogen near Central Butte, Saskatchewan, approximately 140 km south of Saskatoon.

Notably, immediate drilling success in the province featuring Canada’s most advanced policy framework for Natural Hydrogen presents a series of potential short-term catalysts (refer to Next Steps – H1 2026) that could accelerate the development of this emerging clean energy industry in Saskatchewan, already a global leader in uranium and potash and Canada’s only producer of helium.

The Lawson discovery supports the Company’s geological model for Natural Hydrogen accumulations and allows for potential repeatability and scalability across the 475-km-long Genesis Trend and elsewhere on MAX Power’s 1.3-million acre permitted land package where a multi-well drill program is set to resume with a fully funded second well along the Saskatchewan-Montana border.

The highly prospective Genesis Trend lies adjacent to the Regina–Moose Jaw Industrial Corridor, where demand for hydrogen is strong. Its entire eastern boundary is nestled against the Prairie Evaporite, which hosts the world’s largest potash reserves and, in the assessment of MAX Power’s geological team, functions as a regional “Salt Barrier” providing a trap and seal conducive to the accumulation of Natural Hydrogen.

Mr. Ran Narayanasamy, MAX Power President and CEO, commented:“This is a defining moment for MAX Power, Saskatchewan and Canada. We have confirmed the existence of a Natural Hydrogen system in the subsurface from the first well ever drilled in this country specifically targeting this new primary energy source. Lawson is no longer a concept – it’s a discovered geological system with gas flow, pressure, and the key ingredients required for future commercial Natural Hydrogen development. This is an important milestone that positions Saskatchewan at the forefront of a rapidly emerging new clean energy industry.”

Mr. Narayanasamy continued: “Achieving these results on an initial well in an area with no previously recorded Natural Hydrogen occurrences is statistically improbable in the absence of a well-developed and actively charged system, suggesting Lawson is part of a larger, functioning Natural Hydrogen accumulation rather than an isolated occurrence.”

On December 31, 2025, Max Power Mining Corp. today provided a year-end shareholder update from president and chief executive officer Ran Narayanasamy, highlighting a transformational year that firmly established Max Power as a global natural hydrogen leader. During 2025, Max Power recruited top new talent to its board, management, geological, engineering, advisory and marketing teams, allowing the company to make historic progress in the natural hydrogen sector in Canada while raising significant new capital with the share price also reaching new all-time highs. This, in turn, helped secure global strategic validation and has positioned Max Power for its most dynamic year yet in 2026.

2025 highlights

• Max Power is advancing Canada's first deep well specifically targeting natural hydrogen at Lawson on the 475-kilometre-long Genesis trend in Saskatchewan, the beginning of a broader multiwell drill program on Canada's largest permitted land package for natural hydrogen. This aggressive science-driven approach offers shareholders the opportunity for world-first discoveries in this rapidly emerging new sector given the highly encouraging early success at Lawson.
• Max Power's Q4 drilling at Lawson in November, coinciding with its participation at the World Natural Hydrogen Conference in Paris, were key developments that helped accelerate the company's leadership in this sector.
• Max Power's continuing development of a Large Earth Model Integration empowered by AI for natural hydrogen is another example of the company's industry leadership with plans to monetize this model in 2026 and build a unique and powerful brand in this digital age around MAXX LEMI.
• Renowned gold and silver investor and financier Eric Sprott made Max Power his first investment in the natural hydrogen sector.
• Max Power partnered with Vietnam-based Bitexco and its big energy affiliate, drawing the first-ever major investment into Saskatchewan from Vietnam in a development that was heralded by Canada's Ambassador to Vietnam.
• Max Power believes natural hydrogen is now accelerating from concept toward commercialization, and that Max Power is positioned to become a central player in this emerging clean energy sector with national and global relevance.

On December 30, 2025, The Financial Post reports in its Tuesday edition that Nova Scotia is staking a claim in the white hydrogen race as a surge of companies floods Cumberland county to explore whether the naturally occurring resource can be turned into a viable industry. The Post's Andrew Rankin writes that over the past year, thousands of new mineral claims have been registered across the province as companies position themselves to make and exploit potential discoveries. One is Koloma Inc., a Denver-based natural hydrogen company backed by investors including Jeff Bezos and Bill Gates through their respective venture funds. The global white hydrogen market is projected to jump to $56.8-million (U.S.) in 2030 from $39.2-million (U.S.) in 2024. Interest in natural hydrogen is growing across Canada. Last month, Max Power Mining completed the country's first well specifically targeting natural hydrogen near Central Butte, Sask. In Ontario, the Timiskaming district is being explored for its hydrogen potential, while parts of the Western Canadian sedimentary basin are promising for natural hydrogen generation and storage. Experts say that Nova Scotia's white hydrogen activity is at the early research stage and will probably not pay off soon.

On December 17, 2025, Max Power Mining Corp. has closed a non-brokered private placement of units of the company for total gross proceeds of $5-million in the first ever large investment by a Vietnam-based company in Saskatchewan. This historic investment is part of a broader strategic partnership between Max Power and Bitexco aimed at immediately accelerating the potential discovery and commercial development of natural hydrogen in Saskatchewan across Canada's largest permitted land package (1.3 million acres) targeting this new primary clean energy source.

Ran Narayanasamy, chief executive officer of Max Power, commented: "We are on the cusp of another clean energy breakthrough in Saskatchewan, and this new Vietnamese partnership, on top of the investment by Eric Sprott this past summer, strategically positions Max Power to achieve its short-term and longer-term objectives. We welcome Big Energy, an affiliate of Bitexco, as a major new shareholder in Max Power under its owner and chairman, Mr. Vu Quang Hoi, a prominent Vietnamese business leader and founder and chairman of Bitexco. Max Power's natural hydrogen project is Big Energy's first investment in Canada."

On December 04, 2025, Neil McMillan, a long-time resource and capital market leader in Saskatchewan, has assumed chairmanship of the board of directors of Max Power, effective immediately, as the company continues to rapidly accelerate the natural hydrogen sector in Saskatchewan.

Mr. McMillan has played a defining role in shaping Saskatchewan's modern resource economy. He served as chairman of Cameco Corp. from 2013 to 2018 following 11 years as a director beginning in 2002. Earlier, as president and chief executive officer of Claude Resources (1995 to 2014), he led Saskatchewan's first gold mining company, transforming it into a profitable and strategically important producer. His leadership contributed to Claude's eventual $337-million buyout by Silver Standard Resources in 2016.

Mr. McMillan, chairman of the board of Max Power, stated: "Saskatchewan has always been a province where innovation and resource development go hand in hand. Max Power is now at the forefront of what I believe could become one of the most consequential new sectors in the resource space in decades: natural hydrogen. Max Power's early drilling success, the strength of our team and the scale of our permitted land position all point to a generational opportunity for this province. I'm honoured to serve as chairman of the board as Max Power advances the next phase of a truly pioneering program."

Ran Narayanasamy, chief executive officer of Max Power, commented: "As new CEO of Max Power, I'm elated that Neil is eager to play an even bigger role on our board after first joining the board early this year. He is highly respected in Saskatchewan and around the globe, and his wisdom and resource acumen are invaluable to Max Power at this key inflection point. His experience helping guide companies through discovery, development and value creation comes at exactly the right time for Max Power as we advance Lawson, Bracken and other exciting natural hydrogen targets throughout our Saskatchewan land package. Having Neil as chairman of the board strengthens every dimension of our governance and strategic oversight. I'm personally thrilled he has agreed to take on this role as we accelerate toward commercial pathways in this emerging energy sector."

On December 01, 2025, Ranjith (Ran) Narayanasamy has formally assumed the role of chief executive officer, effective Dec. 1, 2025, as well as director of Max Power Mining Corp. Further to the Oct. 30, 2025, announcement of Mr. Narayanasamy's appointment effective Dec. 8, 2025, the board has advanced his start date by one week in response to rapidly unfolding developments at the Lawson target.

Lawson is Canada's first-ever deep well specifically targeting natural hydrogen and was successfully cased in November to a total depth of 2,278 metres. It will undergo targeted zone testing this week to determine potential flow rates, volume and concentrations of natural hydrogen and associated gases.

Concurrently, Max Power is advancing a fully financed second well at Bracken, 325 kilometres southwest of Lawson near the Montana border, as part of a broader multiwell program across Canada's largest permitted land package (1.3 million acres) for natural hydrogen exploration and development.

Max Power extends its deepest appreciation to Mansoor Jan for successfully guiding the company over the past year as chief executive officer through a critical transition period. He has been appointed chief executive officer of Max Power's U.S. subsidiary, newly named Homeland Critical Minerals Corp., focused on a lithium clay deposit in southeast Arizona contiguous to U.S. Department of Defense lands.

On November 27, 2025, Max Power Mining Corp. is accelerating Canada's first-ever natural hydrogen well into its next stage of evaluation following encouraging preliminary analytical results generated by core scanning and gas testing. With the service rig now mobilizing, the company is preparing to carry out zone testing that will inform commercial assessment at the Lawson well near Central Butte, Sask., on the 475-kilometre-long Genesis trend.

It is anticipated that the service rig required to undertake this work will arrive at Lawson later in the week of Dec. 1, 2025. The testing program involves the perforation of casing through particular zones of interest, after which samples of gas and liquids will be captured for detailed chemical analysis. During the sample collection period, pressures will also be recorded using both downhole and at surface pressure recorders. Once samples are collected and pressure data recorded, the perforated zones will be isolated one from another with bridge plugs, thus securing the well until further work is required.

Steve Halabura, Max Power chief geoscientist, commented: "This data will help us understand the composition of any gas stream that can flow from porous and permeable zones, flow rate and pressures inherent within such zones, and mechanisms of gas generation. This data is of inestimable value in assessing at an early stage what should be considered as being 'commercial.'"

On November 25, 2025, Max Power Mining Corp. has scheduled a news conference for 8:30 a.m. CST in Regina, Sask., Thursday, Nov. 27, 2025, at Innovation Saskatchewan Research and Technology Park Regina (10 Research Dr.). The event is open to media and invited guests will include ministers of the government of Saskatchewan.

The news conference comes in the wake of the company's historic drilling of Canada's first-ever dedicated natural hydrogen well at the Lawson target on the Genesis trend.

Representing Max Power will be chief executive officer Mansoor Jan, directors Neil McMillan and Rob Norris, chief geoscientist Steve Halabura, and advisory board chairman Brent Dunlop. Also attending will be Ran Narayanasamy, president and CEO of the Petroleum Technology Research Centre (PTRC), who is set to become CEO of Max Power in early December, as announced Oct. 30, 2025. Mr. Narayanasamy and the Max Power team will be available for interviews following the news conference.

On November 25, 2025, Max Power Mining Corp. has completed Canada's first-ever well specifically targeting natural hydrogen, reaching a total depth of 2,278 metres at the Lawson target on the Genesis trend, with natural hydrogen present in multiple horizons from the shallow Cretaceous strata into the basement complex. This successful test of concept has triggered extensive data analysis to confirm concentrations of natural hydrogen and helium gases, to be followed by additional testing at Lawson to determine potential flow and volume in this part of the 475-kilometre-long Genesis trend.

Steve Halabura, chief geoscientist of Max Power, commented: "The impressive operational efficiency of this first well, combined with important new geological insights that validate our exploration thesis, has significantly derisked our broader multiwell exploration concept to the extent that I can confidently say that Max Power more than ever is on target for potential commercial discoveries of natural hydrogen in Saskatchewan. The data from Lawson that will be added to the large Earth model integration (MAXX LEMI) is immensely valuable, accelerates our game plan and will help answer sectoral unknowns. This is a defining moment in Saskatchewan resource history."

On November 20, 2025, Veteran venture capitalist Andrew (Andy) Bowering has become a special adviser to Max Power Mining Corp., joining its very active advisory board as Max Power takes additional steps to build a global brand in the Natural Hydrogen sector.

Mr. Bowering's appointment adds deep capital markets and transaction experience at a pivotal moment in Max Power's growth trajectory as the Company carries out Canada's first-ever multiwell drill program dedicated to natural hydrogen.

Mansoor Jan, chief executive officer of Max Power, commented: "Andy is a legendary business builder with a proven record of wealth creation by taking junior resource companies through the exploration stage to major transactions. That's exactly what we want around the table as Max Power enters its next phase. With great confidence regarding our natural hydrogen initiatives in Saskatchewan, our focus is on building a robust discovery model and ensuring that the value we create in Saskatchewan is recognized in the capital markets.

"At the same time, Max Power is advancing plans with respect to its Willcox Playa lithium project in southeast Arizona. Andy has already been part of one of the lithium sector's standout success stories with Millennial Lithium and has helped guide multiple companies through complex transactions. His experience in structuring growth stories, engaging global investors and navigating volatility will be a major asset for Max Power shareholders as we advance both our natural hydrogen and lithium platforms."

On November 10, 2025, Petroleum Technology Research Center (PTRC) and informally with the University of Regina (U of R) by participating in a working session to be held today (Monday, Nov. 10, 2025) at the U of R Innovation Center, followed by a field trip to the Lawson drill site tomorrow (Tuesday, Nov. 11, 2025) where Max Power has commenced Canada's first-ever natural hydrogen drill program near Central Butte, Sask., on the 475-kilometre-long Genesis trend.

Scheduled to participate in the working session, led by Max Power chief geoscientist Steve Halabura, are researchers from PTRC, U of R, as well as the Saskatchewan Geological Survey and the Colorado School of Mines, including Dr. Yaoguo Li. The purpose of the session is twofold: (1) confirm the current state of knowledge concerning the naturally occurring hydrogen system in Saskatchewan; and (2) investigate possible fields of research to jointly advance knowledge concerning not only natural hydrogen in Saskatchewan, but also natural hydrogen systems worldwide. Included in the working session will be a visit to the Lawson drill site.

On November 07, 2025, MAX Power Mining Corp. announced that it has commenced drilling of Canada’s first-ever Natural Hydrogen well at the Lawson target near the community of Central Butte on the 475-km-long Genesis Trend in Southern Saskatchewan.

Drilling at Lawson kicks off a multi-well drill program on Canada’s largest permitted land package for Natural Hydrogen exploration and development and is being carried out by a powerful Stampede Drilling tele-double rig featuring a total crew of 24 on two 12-hour shifts. The selection of Stampede Drilling reflects MAX Power’s commitment to employing industry-leading expertise and technology in the emerging frontier of Natural Hydrogen, along with a focus on safety.

Mr. Mansoor Jan, MAX Power CEO, commented:“It’s a remarkable achievement for our team to be the first to drill for Natural Hydrogen in Canada. From ideation to execution, every individual involved has brought dedication and expertise to Canada’s first Natural Hydrogen well. It’s a proud moment for all of us leading the charge into this new energy space.”

Mansoor added: “We look forward to sharing the story of the Genesis Trend and our broader land package at the world’s largest Natural Hydrogen event next week in Paris. For MAX Power we’re now closer than ever in our pursuit of the Natural Hydrogen molecule, its potential accumulations, and ultimately a commercial discovery. I have great confidence that our science-driven approach and months of detailed preparation will bring us success at Genesis and elsewhere.”

On November 06, 2025, Tom Kishchuk, executive director of the Global Institute for Energy, Minerals and Society (GIEMS), has joined the Max Power Mining Corp. board of directors, effective immediately.

Mr. Kishchuk is a seasoned leader, innovator and entrepreneur with over three decades of guiding organizations through change in dynamic markets, with expertise in global technology integration and large-scale project delivery. He has made important contributions to developing Saskatchewan's nuclear power supply chain and was on the board of directors for the Sylvia Fedoruk Canadian Centre for Nuclear Innovation from 2013 to 2025, including board chair from 2019 to 2024. Previously, he was president and chief executive officer of Mitsubishi Hitachi Power Systems Canada Ltd. and vice-president of operational support at Federated Co-operatives Ltd. (FCL).

Mansoor Jan, chief executive officer of Max Power, commented: "I'm very excited that Tom has joined our board after serving as an adviser to the company the last few months. His knowledge of natural hydrogen and energy systems in general is profound, and this is critical to us now as we commence a multiwell drill program targeting the world's first commercial natural hydrogen discovery. He has a strong track record in Saskatchewan's energy industry, and his expertise will complement the board's existing capabilities, with the full support of the board and incoming CEO, Ran Narayanasamy."

On November 03, 2025, Max Power Mining Corp. has made a major extension of the Genesis trend with another important natural hydrogen focus area 375 kilometres southeast of Lawson, delineated through regional aeromagnetic and gravity surveys, structural analysis, and legacy data. This potential test-of-concept drill target focus area, known as Radville, effectively more than doubles the length of the Genesis trend to 475 kilometres (from 200 km). Highlights:

• The Radville focus area, near the town of Radville approximately 125 km due south of Saskatchewan's capital city of Regina, covers 127,788 acres (517 square kilometres) of permitted ground in the southern portion of the previously outlined Rider 1 project and represents a continuation of basement structures trending southeast along those identified within the Genesis trend.
• A large regional aeromagnetic anomaly underlies the Radville target with similarities to geophysical features observed at Lawson, 375 km to the northwest. Lawson is Max Power's initial well in Canada's first ever multiwell drill program dedicated to natural hydrogen.
• The Radville focus area is in a mature oil field region, thus providing a richness of both legacy seismic and drill hole data, including many assays of hydrogen and helium in the subsurface, and therefore offers the ideal data set for Max Power's large earth model integration.

Max Power chief executive officer Mansoor Jan commented: "Extending the Genesis trend to 475 km demonstrates both the scalability of our natural hydrogen strategy and the compelling geology that Saskatchewan offers. With a growing pipeline of high-priority targets, Max Power is executing a provincewide approach built on science, structure and disciplined exploration. Each advancement brings us closer to validating what could become a new clean energy industry for Canada and a significant opportunity for our shareholders."

On October 30, 2025, Max Power Mining Corp. has had a series of transformational developments to drive its next strategic phase of growth.

Max Power is on the verge of drilling Canada's first-ever deep well specifically targeting natural hydrogen within the 200-kilometre-long Genesis trend in Saskatchewan and has appointed Ranjith (Ran) Narayanasamy, current president and chief executive officer of the Petroleum Technology Research Centre (PTRC), as chief executive officer, effective Dec. 8, 2025. At the same time, the company is taking immediate steps to unlock the value of its critical mineral discovery located contiguous to U.S. Department of Defense lands at the Willcox playa in southeastern Arizona. Highlights:

• Mr. Narayanasamy brings a rare blend of excellence in engineering, operations, finance and government relations to execute Max Power's plan to become the world's premier natural hydrogen exploration and development company. His contributions to the province of Saskatchewan over the past 20 years have been recognized with several prestigious awards.
• Mr. Narayanasamy has led a multiyear buildout of Saskatchewan-based and globally recognized PTRC by advancing carbon capture utilization and storage (CCUS), geothermal energy, natural/blue hydrogen research, and compressed-air energy storage initiatives. He will remain with PTRC through November to ensure a smooth transition.
• Mansoor Jan, current CEO of Max Power, will become CEO of Max Power's U.S. critical minerals subsidiary, with the company planning a potential spinout or other strategic transaction aimed at unlocking the value of its Willcox playa lithium project in southeast Arizona. Mr. Jan has the proven tools to monetize the value of this strategic American asset.

On October 28, 2025, MAX Power Mining Corp. announced that the development of the MAX Power Large Earth Model Integration (“MAXX LEMI”) for Natural Hydrogen, soon to be assisted by artificial intelligence, as another major new step in the pursuit of the world’s first commercial Natural Hydrogen discovery. On or about November 7, Canada’s first-ever deep drilling specifically targeting Natural Hydrogen will commence on MAX Power’s 200-km-long Genesis Trend in southern Saskatchewan, with multiple additional wells planned at Genesis and elsewhere on the Company’s 1.3-million-acre land package with another 5.7 million acres under application.

The Lawson, Lucky Lake and Bracken target areas are the product of successful early-most integration of large regional datasets and have helped give birth to “MAXX LEMI”, now ready to scale up to the advantage of MAX Power with potential global ramifications for the Natural Hydrogen movement.

MAXX LEMI is developing into a blueprint for Natural Hydrogen exploration and potential commercialization across not only Saskatchewan but other parts of North America and the world and therefore could help fuel the growing momentum of the Natural Hydrogen sector. The model will be discussed as part of MAX Power’s presentation at the world’s largest Natural Hydrogen Summit in Paris, France, November 13-14, 2025.

On October 27, 2025, Max Power Mining Corp. continues to expand the potential scale of natural hydrogen discoveries in Saskatchewan with the technical team identifying Bracken in the southwest corner of the province, 15 kilometres from the Montana border, as the company's first high-priority drill target area beyond the 200-kilometre-long Genesis trend. Highlights :

• Bracken is located approximately 325 km southwest of Max Power's Lawson target, set to become the first-ever deep well in Canada dedicated to Natural Hydrogen with drilling under way on or about Nov. 7, 2025.
• Bracken is part of Max Power's Grasslands project, covering 120,000 permitted acres, and within a prospective mobile zone highlighted by a rare rock assemblage, proximity to known natural hydrogen and helium occurrences, and within a regional trap setting different than Lawson.
• Max Power will be acquiring proprietary new 2-D seismic data through a Bracken seismic program that has been laid out and approved and is anticipated to be shot during this fourth quarter.
• The Bracken seismic is in a pattern that will better image what is believed to be a highly significant basement structure.
• Seismic data will be interpreted with the goal of pinpointing an optimal drilling location as Max Power continues its multiwell test of concept drill program.

On October 24, 2025, MAX Power Mining Corp. announced that it has received the drilling license for the first well of its planned multi-well Natural Hydrogen drill program in southern Saskatchewan. Procurement of services and suppliers, including the drilling contractor, is complete, and the Lawson target well in the heart of the 200-km-long Genesis Trend will be spud on or about November 7, 2025.

Mr. Mansoor Jan, President and CEO of MAX Power, commented: “Receiving the well license marks a major step forward for MAX Power and the culmination of extensive technical, regulatory, and logistical preparation by our team. With the full support of the Saskatchewan Ministry of Energy and Resources, and the province’s pro-innovation stance, we’re proud to be advancing Canada’s first dedicated Natural Hydrogen well at the Lawson target.”

Mansoor added, “The geology is compelling, and the opportunity is unique. If successful, this program could redefine how we think about clean baseload energy, and position Saskatchewan – and MAX Power – at the forefront of a new North American energy story.”

The geoscience program for Lawson will include the use of two gas chromatographs whose purpose is to sample any gas stream derived from the drilling mud for helium, nitrogen, and methane, and another specially designed mass spectrometer specifically for the detection of hydrogen.

On October 17, 2025, MAX Power Mining Corp. announced a major operational milestone with the selection of a premier Saskatchewan-based drilling contractor to execute Canada’s first dedicated deep well targeting Natural Hydrogen at the Lawson target within the 200-km-long Genesis Trend. MAX Power expects drilling at Lawson to commence on or about November 7, 2025, pending receipt of the Lawson well license which is expected shortly.

An extensive process that proceeded the signing of the drilling contract reflects MAX Power’s commitment to employing industry-leading expertise and technology in this emerging frontier, along with a focus on safety.

This first Natural Hydrogen well will be drilled over a period of approximately three weeks using a powerful tele-double rig with a total crew of 24 on two 12-hour shifts.

Mr. Mansoor Jan, MAX Power CEO, commented:“We are thrilled to team up with a top-notch drilling company with an exceptional safety and performance record and highly experienced crew to help us make history in Saskatchewan. This is a big moment for our shareholders and we’re ready to attack the Genesis Trend with a best-in-class team as we pursue the world’s first commercial Natural Hydrogen discovery.”

On October 14, 2025, Max Power Mining Corp. has discovered an important, new, large natural hydrogen target area known as Lucky Lake in the northwestern corner of the 200-kilometre-long Genesis trend in Southern Saskatchewan.

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