MAX Power Identifies Multiple Natural Hydrogen “Fairways” In Saskatchewan, Gears Up For Drilling

VANCOUVER, British Columbia, Dec. 24, 2024 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) is pleased to provide the following corporate update as the Company closes out 2024 with a rapidly growing pipeline of Canada’s premier Natural Hydrogen targets in Saskatchewan approaching the drill-ready stage.

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Highlights:

• Large hydrogen anomalies, many associated with faults, have been identified through a MAX Power regional geochemical soil gas survey in southeast Saskatchewan with exceptional values as high as 914 ppm hydrogen.

• Multiple data clusters from the soil gas survey, combined with hyperspectral readings, support MAX Power’s hydrogen formation and accumulation model for southern Saskatchewan, suggesting the presence of potential reservoirs hosting Naturally Occurring Hydrogen (NOH) at the Rider Project where permit applications covering broad areas have been approved with more approvals anticipated shortly.

• In addition to the Rider Project, the MAX Power geological team over the past couple of months has delineated other major “Hydrogen Fairways” in Saskatchewan, with further details to be announced early in the New Year.

Mr. Mansoor Jan, MAX Power CEO, commented: “We are on track to become the first company to drill specifically for Natural Hydrogen in Canada, during Q1, and further build on our first-mover advantage. We are highly confident, after exhaustive studies, and given the advanced provincial policy framework in Saskatchewan vs. other Canadian jurisdictions, that Saskatchewan offers the best immediate opportunity for the discovery of Canada’s first commercial concentration of Natural Hydrogen, followed by many more. This low-cost, low-emissions alternative energy source right under our feet, through drilling, could revolutionize how we think about energy in North America at a time when affordability and energy security will be at the forefront of incoming new administrations in Ottawa and Washington in 2025.”

Summary of the Gas-in-Soil Study

Petro-Find is a soil gas sampling leader in Western Canada and has developed a proprietary system that captures highly accurate readings for hydrogen from specialized gas probes driven into soils (well into the C-Zone of the soil profile, approximately 2.5 feet).

The main purpose of the widely spaced gas probe survey was to test the basin-scale geologic model created by MAX Power. The results support the potential for commercial concentrations of Natural Hydrogen in southeast Saskatchewan, with drilling to target accumulations of high-grade hydrogen at depth. Similar to the production of other mobile resources such as helium, natural gas, crude oil, and water, a Natural Hydrogen prospect requires 5 “key factors” to pool and concentrate: 1) The right source rock(s); 2) Migratory pathways; 3) Trap; 4) Reservoir; and 5) Seal. All five are present at Rider. Without all of these key factors, the likelihood of commercial NOH concentrations being present would diminish.

Petro-Find noted in its report that “the geochemical soil gas survey consisting of 286 sampling points produced excellent results with the detection of major hydrogen anomalies…that represent reservoirs of hydrogen. Hydrogen is contemporaneous, meaning hydrogen reservoirs may not be exhausted with production as they may be constantly recharged. The rough correlation of geochemical soil gas and hyperspectral anomalies in this report suggests a new approach can be implemented in the exploration of hydrogen.”

Quality Assurance/Quality Control

The Petro-Find geochemical survey program for MAX Power began with the preparation of sample vials and replacing the septa in the probes. The vials were evacuated down to 1/5 Torr so that a sample extracted by a syringe was not contaminated with residual ambient air containing the gases to be measured. To avoid breakage in transit to the laboratory, the glass vials were inserted into Styrofoam-lined boxes. A cordless rotary drill was used to drive a non-plugging hollow stainless steel probe into the soil profile to avoid atmospheric interference. Samples were then extracted and shipped to Petro-Find’s lab in Neuanlage, north of Saskatoon, for detailed analysis.

Qualified Person

The technical information in this presentation has been reviewed and approved by Thomas Clarke, Pr.Sci.Nat., P.Geo., a Director of MAX Power Mining Corp. Mr. Clarke is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

Natural Hydrogen Video

Learn more about Natural Hydrogen by clicking on the following link:https://vimeo.com/953002092/d6f8574ba4

MAX Power Natural Hydrogen Deck

Learn more about MAX Power’s push into North America’s Natural Hydrogen sector by clicking on the following link:https://www.maxpowermining.com/Presentations/MAXPower-NaturalHydrogen.pdf

MAX Power Corporate Presentation

Click on the following link to view MAX Power’s Corporate Deck:https://maxpowermining.com/Presentations/MAXPower-Corporate.pdf

About MAX Power Mining

MAX Power Mining is an innovative mineral exploration company focused on North America’s shift to decarbonization. MAX Power is a first mover in the rapidly growing Natural Hydrogen sector, through strategic alliances with Calgary-based Chapman Hydrogen & Petroleum Engineering Ltd., and European-based Larin Engineering HHC. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals, highlighted by a recent diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona.