MAX Power to Launch Exploration Program at Rider Natural Hydrogen Project in Saskatchewan

VANCOUVER, British Columbia, Sept. 09, 2024 (GLOBE NEWSWIRE) – MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) is entering the exploration phase at Canada’s largest Natural Hydrogen land package in Saskatchewan with the engagement of Petro-Find Geochem Ltd. (“Petro-Find”) to carry out an extensive soil gas sampling program across key initial targets at the Rider Project, featuring dozens of historical hydrogen showings from old wells. This project marks a significant step for MAX Power's presence in the growing natural hydrogen sector.

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Highlights:

• Saskatoon-based Petro-Find is a leader in soil gas sampling in Western Canada and has developed a proprietary system that captures highly accurate readings for hydrogen from specialized gas probes driven into soils.

• The proprietary sampling methods will provide real-time data, giving crews on the ground maximum flexibility to cover large areas with an increased density of sampling where necessary.

• Samples will be processed at Petro-Find's lab in Saskatoon for rapid analysis, with the program expected to commence after the harvesting of crops in southeast Saskatchewan.

Mr. Denis Brière, MAX Power Special Advisor who has written the world’s only NI-51-101 report for a naturally occurring accumulation of hydrogen gas (original discovery in Mali), commented: “The Rider Project is in the top category of Natural Hydrogen projects in the world in my view. With a policy framework in place for Natural Hydrogen exploration and development at Rider, MAX Power has a unique opportunity to make Western Canada the launch pad for an important new low-cost, low-emissions energy source in North America.”

Mr. Neil McMillan, Senior Strategic Advisor to MAX Power and former Chairman of Cameco, added: “Saskatchewan is famous for its rich resources including oil and gas, uranium, and potash. We are in an enviable position with first-mover MAX Power to do something very big with respect to Natural Hydrogen that could resonate around the world.”

Video - Neil McMillan

Click on the following link for additional comments from MAX Power Senior Strategic Advisor Neil McMillan:https://vimeo.com/1005626147/594341e3a8

Sampling Method and Parameters

Petro-Find will take soil samples spaced approximately 400 metres apart during this first-phase exploration program. When the sample results are received, they will be contoured to map out initial anomalies. Areas of most interest can be followed up with future infill sampling programs to further refine Natural Hydrogen targets in soils.

Figure 1: Map showing the location of MAX Power’s Natural Hydrogen Permit Applications

Max Power Mining Corp - Rider Natural Hydrogen Project SK

Engagement of Enki GeoSolutions

MAX Power is pleased to report that it has directly engaged Enki GeoSolutions of Montreal for Natural Hydrogen consulting services. Mr. Stephan Séjourné, CEO of Enki GeoSolutions, will relinquish the title/role of "Scientific Advisor" to MAX Power (refer to the June 28, 2024 news release) as part of this consulting engagement.

Mr. Séjourné has a long track record of coordinating or participating in multi-client industrial projects and multi-disciplinary academic or governmental projects in various geological environments. He is an Adjunct Professor at Quebec’s Institut de la recherche scientifique (INRS-ETE, Quebec City). Please note that Mr. Séjourné’s position at the INRS-ETE was mislabelled as "Associate Professor" in the June 28, 2024 news release.

Stock Option Grant

The Company announces the granting of an aggregate of 300,000 stock options to consultants of the company with an exercise price of 38 cents per share, expiring in two years and vesting immediately. The stock options are subject to the policies of the Canadian Securities Exchange.

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 first-mover advantage in 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

Qualified Person

The technical information in this news release has been reviewed and approved by Thomas Clarke, P.Geo., Pr.Sci.Nat., and Director for 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.

About MAX Power Mining

MAX Power 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. These properties are highlighted by a recent diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona.

For more information, visit www.maxpowermining.com.