CORRECTION FROM SOURCE: Powermax Minerals Appoints New Chief Financial Officer and Provides Further Updates

THIS PRESS RELEASE CORRECTS THE PREVIOUS PRESS RELEASE SENT ON OCTOBER 10th, 2025 AT 6:30PM EST. THE TITLE OF RELEASE WAS LABELED "POWERMAX MINERALS APPOINTS NEW CHIEF EXECUTIVE OFFICER AND PROVIDES FURTHER UPDATES". THE CORRECT TITLE IS "POWERMAX MINERALS APPOINTS NEW CHIEF FINANCIAL OFFICER AND PROVIDES FURTHER UPDATES"

Toronto, Ontario--(Newsfile Corp. - October 10, 2025) - Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) ("Powermax" or the "Company") is pleased to announce that it has appointed Mr. Kyle Nazareth of Branson Corporate Services as its Chief Financial Officer effective October 10^th, 2025.

Mr. Nazareth brings over a decade of experience in managing public companies, advising on capital market transactions, and providing financial stewardship. As the Chief Financial Officer of Toronto-based Branson Corporate Services he provides, on a fractional basis, strategic financial consulting, and financial compliance services at a high quality and cost-effectively. Mr. Nazareth brings a proven track record of success in providing extensive finance and capital markets expertise to his clients.

Mr. Nazareth succeeds Reena Sall, who has served as the Company's CFO since inception. The Board and management would like to take this opportunity to thank Ms. Sall for her role over the past few years.

The Company is also pleased to announce that its common shares (the "Common Shares") have commenced trading on the OTCQB market under the ticker symbol "PWMXF" as of October 9th, 2025. The OTC listing makes the Common Shares available to a large group of US investors. The Company will continue to trade on the Canadian Securities Exchange under the symbol "PMAX".

"Listing Powermax to the OTCQB is a strong endorsement of the Company's positive momentum," said Paul Gorman, Powermax CEO. "Uplisting to the OTCQB Venture Market represents another milestone for our Company and reflects our commitment to transparency, growth, and delivering long-term value to our shareholders. This achievement enhances our visibility with investors in the U.S. markets and supports our continued momentum as we move through 2025 and beyond.

Per ongoing compliance requirements and in accordance with OTCQB listing standards, Powermax will file periodic reports, disclosure, and the annual OTCQB certification. United States investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.