MAX Power commences second validation well at Lawson for natural hydrogen

MAX Power Commences Second Commercial Validation Well at Lawson to Triangulate Canada’s First Natural Hydrogen Deposit

MAX Power’s commercial validation drill program at the Lawson Complex aims to confirm the world’s first large-scale commercial discovery of Natural Hydrogen as a new primary energy source.

NEW Video: The Time is Now https://youtu.be/TKnEnBEQ0TM

REGINA, Saskatchewan, Aug. 06, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is pleased to report that after successfully casing the Lawson 2 well, which further supports the existence of a large and robust Natural Hydrogen system at the 28 sq. km Lawson Complex, commercial validation drilling has moved approximately 2.2 km to the east to a location that will triangulate the deposit for modelling by GLJ Ltd., one of the world’s leading independent energy consultants.

Drilling at Lawson 3 began last evening (Aug. 5). Notably, this well was spudded 1.2 kilometers south of the original Lawson Natural Hydrogen Discovery ( Lawson 1 ) which achieved total depth of 2,278 meters and recorded Natural Hydrogen free gas flow to surface with significant concentrations during the completions stage (refer to Jan. 16, 2026 news release ).

Concurrently with the drilling of Lawson 3 , GLJ is carrying out extensive data integration from the first two wells and will work with the MAX Power technical team to further advance the modelling of the deposit and select an optimal location for the drilling of Lawson 4 . Completions testing and a potential production well will follow Lawson 4 .

Mr. Steve Halabura, MAX Power Chief Geoscientist, commented: “Lawson 2 has further demonstrated that we’re into a large Alkaline igneous complex with all the ingredients necessary to generate accumulations of Natural Hydrogen – the right source rocks, migration pathways, reservoirs, seals and traps. It’s an extraordinary system that we’re tapping into - Canada’s first confirmed subsurface Natural Hydrogen system backed by a geological model that has not only stayed intact, but has strengthened over the course of the past year. Core from Lawson 2 is now ready for full visual inspection and analysis and I’m eagerly anticipating immediately reviewing this core with our full technical team at AGAT Labs in Calgary.”

Lawson 2 Highlights

Approximately 860 meters of continuous Natural Hydrogen readings from gas detection system including highest readings recorded to date at Lawson

Strong evidence of an enhanced fracture system, part of the generative mechanism for Natural Hydrogen

“Exotic terrane” source rocks favorable for Natural Hydrogen

120 meters of core recovered from the basal Deadwood and the Precambrian basement complex, including the most core (89.2 m) recovered from the basement complex from a single well in Saskatchewan history (just over 100 drill holes out of approximately 167,000 in the provincial database have ever even penetrated the basement complex according to the Saskatchewan Geological Survey)

Lawson 2 was extended beyond its originally planned depth to a total measured depth of 2,440 meters, 162 meters deeper than Lawson 1, before being terminated in competent Precambrian basement rock

Mr. Ran Narayanasamy, MAX Power CEO, commented: “Lawson 2 is confirming a very large system first indicated by the 3D seismic survey this past spring following the initial drilling discovery. Now we're aiming for the hat trick by triangulating the Lawson deposit within an approximately 14 sq. km structural closure. Keep in mind, the broader Lawson permit area is 1,224 sq. km, and that’s still just a fraction of the Genesis Trend and our other permitted land packages in Saskatchewan. So the scale of opportunity here is truly enormous, representing a potential nation-building project for a new primary energy source at a critical time for Canada’s energy sovereignty and security.”

Figure 1: Lawson Commercial Validation Drilling, July 2026

Why This Matters to Investors

Every major resource industry reaches a defining moment when it transitions from discovery toward commercial validation.

This well represents that moment for MAX Power.

For the first time, the Company is testing whether Canada's first confirmed Natural Hydrogen subsurface discovery can demonstrate the scale, continuity, and reservoir characteristics required for commercial development. The combination of continuous elevated Natural Hydrogen readings over approximately 860 meters at Lawson 2 , stronger readings than the original discovery well, and increasing evidence of a robust basement fracture system continues to strengthen the geological model while expanding the Company's understanding of the broader Lawson system.

Drilling at Lawson 3 , up-dip about 1.2 km south of the original discovery, will now attempt to triangulate a Natural Hydrogen deposit to aid in the understanding of the potential volume of this system that has yet to be constrained.

While commerciality will ultimately be determined through the completion program and subsequent flow, pressure, concentration, and reservoir performance testing, every milestone achieved during this program represents another step toward commercial validation. Together, these results are helping define the technical foundation for what could become the world's first large-scale commercial Natural Hydrogen system and development of a new primary energy source.

Genesis Trend

Lawson Complex #1 represents Canada’s first Natural Hydrogen subsurface system, a 28 sq. km area of focus within a broader permitted land package comprising 1,224 sq. km (the “ Lawson Project ”). Notably, multiple Lawson Complexes are possible within the massive under-explored Lawson Project highlighted on the map below (a “Complex” in this context is a specific area of proven discovery).

The permitted Aurora Project ( 628 sq. km ) adjoins the southeast corner of the Lawson Project, striking southeast toward Moose Jaw, and represents what may be another set of complexes with many Lawson look-alike features. Multiple Natural Hydrogen systems are possible within the Aurora Project, similar to the situation at Lawson.

The Lawson-Aurora combination gives MAX Power permits covering a contiguous 90-km-long area striking northwest-southeast ( 1,852 sq. km ). Aurora is favorably situated along a major highway and rail transportation corridor adjacent to heavy industry and emerging AI infrastructure. Multiple other permitted projects along Genesis give MAX Power a dominating position in Canada’s most exciting corridor for Natural Hydrogen discovery and development.

Figure 2: Genesis Trend Map

Genesis Explained: Its “Salt Barrier” Advantage and Proximity to Demand https://www.youtube.com/watch?v=3ytpHdve6S8

Figure 3: Aurora Project, Adjoining Lawson

R ecent Videos

President Chad Levesque On Significance of Lawson https://youtu.be/wCeFQTKtOuI

What is Natural Hydrogen? https://www.youtube.com/watch?v=S0bqqZeIpxc

Genesis Explained: Its “Salt Barrier” Advantage and Proximity to Demand https://www.youtube.com/watch?v=3ytpHdve6S8

The Genesis Trend’s Industrial Corridor https://youtube.com/shorts/IAgALH_s3mI

Lawson – Canada’s First Big Step into Natural Hydrogen https://www.youtube.com/watch?v=lTTOwMxz_zo

MAX Power Leaps at Lawson https://www.youtube.com/watch?v=Yr4Ha06__Eg

Watch the Drill in Action https://www.youtube.com/watch?v=eguNGAfdIek

MAX Power Saskatchewan Natural Hydrogen Documentary Video https://www.youtube.com/watch?v=TXGDtTUbJ2c

History in The Making at Lawson – Video Immediately Ahead of Drill Rig Setup https://www.youtube.com/watch?v=BNHazk9Sy4E

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MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The Company’s Lawson Discovery near Central Butte, Saskatchewan, 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 2 million acres (~809,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen, and has commenced a multi-well follow-up drill program to validate the commerciality of the broader Lawson Complex interpreted to cover a 28 sq. km area along the 475-km 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.

On behalf of the Board of Directors,

Ran Narayanasamy, CEO MAX Power Mining Corp. info@maxpowermining.com

For further information, please contact:

Chad Levesque, President Ph: 1-306-981-4753 chad@maxpowermining.com

Media Contact:

Sarah Mawji, Venture Strategies sarah@venturestrategies.com

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain forward-looking statements and forward-looking information (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is often identified by words such as "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "should", "will" and similar expressions.

Forward-looking information is based on management's current expectations, estimates, projections and assumptions, including, among other things, that required regulatory approvals will be obtained, financing will be available on acceptable terms, planned exploration, appraisal and development activities will proceed as anticipated, equipment and personnel will be available as required, geological interpretations and technical results will support further advancement of the Company's projects, and market conditions will remain favourable.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, without limitation, risks relating to exploration and development activities, geological and technical uncertainties, commercialization of Natural Hydrogen, reservoir performance, infrastructure availability, strategic partnership opportunities, market acceptance, commodity and energy prices, access to capital, regulatory approvals, environmental and permitting requirements, and general economic, market and business conditions.

There can be no assurance that the Company's plans, expectations or objectives will be achieved. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update or revise any forward-looking information, whether due to new information, future events or otherwise, except as required by applicable securities laws.

Additional information regarding the Company and the risks and uncertainties affecting its business and operations is available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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Globe Newswire

August 6, 2026 - 5:23 AM PDT

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