Maxus Mining Announces Appointment of Robert Eckford as Technical Advisor & Marketing Agreement

VANCOUVER, British Columbia, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | FRA: R7V), is pleased to announce the appointment of Mr. Robert Eckford as a Technical Advisor to the Company.

Robert Eckford is a seasoned mining executive and financial strategist with a strong track record of leading transformational transactions in the gold sector. He brings deep expertise in mergers, acquisitions, and operational integration, having played key roles in over $2.5 billion in mining deals over the past decade.

Mr. Eckford commented, “I’m thrilled to be joining Maxus at such a pivotal time. The Company has built an impressive and diverse portfolio centered around critical minerals—resources that are essential to the future of global industries. I look forward to contributing my technical background to help drive these projects forward and support Maxus’s growth in this vital sector.”

Beginning his career as a finance professional with EY, Eckford quickly advanced into the mining sector, where he was instrumental in building companies such as Leagold — acquired by Equinox Gold — and Aris Mining (TSX:ARIS). As CFO of Aris, he led complex financings, asset acquisitions, and a major merger that positioned the company as a leading gold producer in Colombia.

Scott Walters, Chief Executive Officer of the Company, commented, “It is our pleasure to welcome Robert Eckford to the Maxus team. With a strong technical background and a proven track record in evaluating and executing strategic transactions, Robert will be instrumental as we continue to advance and expand our critical minerals portfolio through value-driven growth opportunities.”

Grant of Stock Options and RSUs

On October 17, 2025, the Company granted a total of 350,000 stock options (the “Options”) to purchase common shares of the Company to certain consultants pursuant to the Company’s equity incentive plan (the “Plan”). Such Options are exercisable into common shares of the Company, at an exercise price of $1.12 per share, for a period of two (2) years from the date of grant. All of the Options vested on the date of grant. The Company also granted an aggregate of 300,000 restricted share units (each, an "RSU") to a certain director of the Company. The RSUs will vest as follows: (i) 25% will vest four (4) months after the date of grant; (ii) 25% will vest eight (8) months after the date of grant; (iii) 25% will vest twelve (12) months after the date of grant; and (iv) 25% will vest sixteen (16) months after the date of grant. The Options and RSUs are governed by the terms of the Plan and the RSUs and Options, and any common shares issued upon the exercise of, are subject to a four month hold period from the date of grant in accordance with the policies of the Canadian Securities Exchange.