Maxus Mining Announces Flow-Through Financing

VANCOUVER, British Columbia, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | FRA: R7V), is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of up to C$2,499,999.70 from the sale of up to 2,272,727 flow-through shares of the Company (each, a “FT Share”) at a price of C$1.10 per FT Share. The Company intends to use the proceeds from the Offering towards exploration on the Company’s project portfolio.

Each FT Share will consist of one (1) common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada).

The Company may pay finder’s fees to third parties sourced by finders. The FT Shares will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under National Instrument 45 -106 – Prospectus Exemptions in all the provinces of Canada. The FT Shares will be subject to a statutory hold period in Canada ending on the date that is four months plus one day following the closing date of the Offering.

The gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”) related to the Company’s projects in Canada. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares effective December 31, 2025.

The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange.

About Maxus Mining Inc.

Maxus Mining Inc. (CSE: MAXM | FRA: R7V) is a mineral exploration company focused on locating, acquiring, and if warranted, developing economic mineral properties in premier jurisdictions. The Company is working towards progressing its diverse portfolio of exploration properties which includes approximately 9,921 hectares of prospective terrane comprising 6,376 hectares of terrane amongst three antimony projects, 3,123 hectares encompassing the Penny Copper Project & the remaining 422 hectares coming from the Lotto Tungsten Project.