MAX Power drills toward salt horizon in 30-km step-out at Lawson 5

MAX Power’s Lawson 5 Approaches Key Salt Horizon in 30-km Step-Out Testing Basin Scale Natural Hydrogen Potential

Following a “discovery within a discovery” at Lawson 4, MAX Power is advancing its Natural Hydrogen commercial validation program with a 30-km step-out testing the Prairie Evaporite “trap and seal”.

Detailed planning is also accelerating for an extensive completions program across Lawson targeting flow, volume and Natural Hydrogen concentrations.

New Video: The Next Chapter https://youtu.be/LUIHqS35rMg

REGINA, Saskatchewan, Sept. 29, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is pleased to report that Lawson 5 is proceeding as expected with intermediate casing completed yesterday at approximately 1,100 meters (measured depth). The first major horizon of interest within the next several hundred meters will be the Prairie Evaporite, interpreted to be a key trap and seal feature for the accumulation of Natural Hydrogen. At deeper levels, a faulted fracture system controls the basement complex dissolution process of the evaporite salt and will be of intense interest to the MAX Power technical team as it attempts to significantly expand the scale of the Lawson Discovery.

Lawson 5 is a 30-km step-out northeast of Lawson 4 and is testing the potential west-to-east extension of Canada’s first subsurface Natural Hydrogen system all the way from the first four wells near Central Butte to the “Salt Wall” at the edge of the Prairie Evaporite. The “Salt Wall Corridor” continues north-south for 475 km through the MAX Power-dominated Genesis Trend to the Saskatchewan-North Dakota border, further highlighting the potential scale implications of success at Lawson 5.

Mr. Steve Halabura, MAX Power Chief Geoscientist, commented, “Upon initial review of drill core from key intervals, Lawson 4 is even more exciting to us, so we very much look forward to results from Lawson 5. We know that fluids and gases have migrated up-dip from the southwest toward the Salt Wall. We had no hesitation in stepping out 30 kilometers – we continue to vigorously test a geological model we have had great success with from the start. Detailed planning for our completions round continues and we look forward to sharing more details on that very soon.”

Cyndi Edwards’ PRmediaNow Interview Excerpt with Chad Levesque

“When geology is telling you something, it favors the bold” - first excerpt of interview between Cyndi Edwards of PRmediaNow and MAX Power President Chad Levesque. Click on the link below to view.

https://youtu.be/qkGvnNxFfb0

Figure 1 – The Genesis Trend

Why This Matters to Investors

Lawson 5 represents a pivotal test of scale for MAX Power. The first four Lawson wells have progressively defined Canada’s first confirmed subsurface Natural Hydrogen system. Now, approximately 30 km northeast, Lawson 5 is beginning to test whether the geological architecture identified at Lawson extends toward the Salt Wall and into a much larger regional setting. The Salt Wall Corridor continues for approximately 475 km through the Genesis Trend toward North Dakota, while Bracken, approximately 325 km southwest on a different trend, contains multiple prospective Natural Hydrogen and helium zones. Together, these targets are expanding the exploration thesis well beyond the boundaries of a single discovery area.

The bigger opportunity is basin scale. Lawson 5 is testing potential geological scale while upcoming completions at Lawson and Bracken are designed to address the critical commercial questions of composition, flow and deliverability. At the same time, every well expands the proprietary geological, geophysical and reservoir dataset feeding MAXX LEMI. MAX Power is therefore advancing two increasingly connected assets: the Natural Hydrogen opportunity beneath Saskatchewan and the intelligence being built to understand and potentially identify these systems at greater scale.

Figure 2: Drilling at Lawson 3 Well, Genesis Trend (Aug. 2026)

Amended Marketing Agreement

MAX Power has amended its investor marketing and consulting agreement (the “Agreement”) with RazorPitch Inc. (“RazorPitch”), previously announced in the Company's news release dated September 15, 2026, to expand the scope of services and increase the compensation payable thereunder.

Under the amendment, RazorPitch will provide additional investor awareness marketing services, including digital, social, influencer and broker marketing, together with news amplification services, in addition to the services previously disclosed under the Agreement.

In consideration for the additional services, the Company will pay RazorPitch an additional cash fee of $200,000 USD, bringing total cash consideration payable to RazorPitch under the Agreement, as amended, to $350,000 USD. No securities of the Company are issuable to RazorPitch as compensation under the Agreement, as amended.

All other terms of the Agreement remain unchanged. To the knowledge of MAX Power, RazorPitch and its principals remain at arm's length to the Company and do not hold any securities of the Company. RazorPitch is responsible for ensuring that its promotional activities comply with applicable securities laws and CSE policies.

Engagement of PRmediaNow

The Company has re-entered into a services agreement with PRmediaNow to provide media outreach and communications services aimed at increasing awareness of the Company and its business activities. Such activities will take place to generate editorial earned media coverage with mainstream media outlets, trade publications, podcasts and other media verticals.

PRmediaNow will receive compensation of $5,000 per month for a six-month term, commencing September 1, 2026 and ending March 1, 2027. In addition, the Company has granted PRmediaNow 75,000 stock options exercisable at a price of $3.68 per common share for a period of 24 months from the date of grant, subject to the policies of the Canadian Securities Exchange (the “CSE”).

PRmediaNow Inc. is headquartered in Ottawa, Ontario, with a satellite division in Tampa, Florida. The firm specializes in securing earned media coverage and producing video content, including shareholder-focused interviews hosted by veteran broadcaster Cyndi Edwards. Ms. Edwards has hosted television news programs in both the United States and Canada, most recently anchoring a morning show syndicated across 180 U.S. markets.

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Recent Videos

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

What if the Answer to Natural Hydrogen Was Beneath Our Feet All Along? https://youtu.be/srV-RCmzzPk

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

About MAX Power

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 2.5 million acres (~1 million 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 and 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

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/0c21aa63-005f-42c4-b0ab-fdf15bad7b96

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GlobeNewswire

September 29, 2026 - 5:00 AM PDT

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