Max Resource acquires securities of Bolt Metals

Vancouver, British Columbia--(Newsfile Corp. - June 16, 2026) - MAX RESOURCE CORP.   (TSXV: MAX) (OTCID: MXROF)  (" Max " or the " Company ") announces that it has acquired securities of Bolt Metals Corp. (" Bolt ") of Suite 1245 - 200 Granville Street, Vancouver, British Columbia, V6C 1S4. The transaction did not take place through the facilities of any stock market. In connection with the closing of a debt settlement transaction (the " Transaction ") between Max and Bolt on June 12, 2026 (the " Transaction "), Max acquired 4,000,000 common shares of Bolt (the " Shares ") at a deemed issue price of $0.42 per Share and 2,000,000 pre-funded warrants of Bolt (the " Warrants ") pursuant to a debt settlement agreement dated May 11, 2026, as amended (the " Agreement ").

Each Warrant is exercisable at $0.001 per Share for 24 months. Max acquired direct ownership of 4,000,000 Shares and 2,000,000 Warrants. The Shares represented approximately 15.02% of all issued and outstanding common shares of Bolt as of June 12, 2026, immediately following the Transaction (or approximately 20.52% on a partially diluted basis, assuming exercise of the Warrants only), resulting in a corresponding increase in the percentage of shares held by Max as a result of the Transaction.

Prior to the closing of the Transaction, the Max did not own, directly or indirectly, or exercised control over, any securities of Bolt. Immediately following the Transaction, Max held 4,000,000 Shares and 2,000,000 Warrants. The Shares represented approximately 15.02% of all issued and outstanding common shares of Bolt as of June 12, 2026, immediately following the Transaction (or approximately 20.52% on a partially diluted basis, assuming exercise of the Warrants only).

A copy of the early warning report in respect of this transaction has been filed with the applicable securities commissions and can be found under Max's profile on www.sedarplus.ca. For further information or to obtain a copy of the early warning report regarding the information contained in this news release, please contact the Company at (604) 290-8100. This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

About Max Resource Corp. Max Resource is a mineral exploration company listed on the TSX.V under the ticker "MAX" focused on copper and precious metals assets in South America, Mora Gold Silver and the fully funded Sierra Azul Copper Silver both in Colombia and exploration development of its Florália High Purity Iron Project in Brazil fully funded by Bolt Metals Corp. Sierra Azul Copper Silver (wholly owned) sits along the Colombian portion of the world's largest producing copper belt (Andean belt) adjacent to world-class infrastructure and the presence of global majors (Glencore and Chevron). Fully funded by global miner Freeport-McMoRan relating to rights to earn up to 80% by funding $50 million of accumulated expenditures. Backed by support of Freeport-McMoRan, the Max team views as validation of the geological and mining potential of Sierra Azul.