MAX Power Announces $20 Million Brokered Offering

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**

SASKATOON, Saskatchewan, March 09, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is pleased to announce a listed issuer financing exemption private placement offering (the “Offering”) for minimum gross proceeds of C$4,000,000 and maximum of up to C$20,000,000. The Offering comprises 15,384,615 units of the Company (each, a “Unit”) at a price of C$1.30 per Unit (the “Issue Price”) and is led by Hampton Securities Limited as the lead agent and sole bookrunner (the “Agent”) on a commercially reasonable efforts basis.

Net proceeds will be used for: 1) An ongoing program of analytical testing, resource modeling, and resource estimation of the Lawson Natural Hydrogen Discovery on the Genesis Trend near Central Butte, Saskatchewan, followed by a confirmatory well to validate potential commerciality; 2) Further acquisition of 2D and 3D seismic data covering various targets throughout MAX Power’s Saskatchewan land package; 3) Drilling of additional wells; 4) General corporate purposes including administrative and marketing.

Each Unit will comprise one common share of the Company (“Common Share”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of C$1.80 per share at any time up to 24 months from closing of the Offering.

The Company has granted to the Agent an option (the “Over-Allotment Option”), exercisable, in whole or in part, in the sole discretion of the Agent, to sell up to an additional 15% of the Units at the Issue Price, to cover over-allotments, if any, exercisable at any time up to two (2) business days prior to closing of the Offering.

The closing of the Offering is expected to occur on or about March 20, 2026 (the “Closing”), or such other earlier or later date as the Agent may determine. Closing is subject to the Company receiving all necessary regulatory approvals.

The Offering is expected to be completed pursuant to an agency agreement to be entered into by the Company and the Agent. The Units will be offered for sale pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the “Listed Issuer Financing Exemption”), in all provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The Units and the underlying securities offered under the Listed Issuer Financing Exemption will be immediately “free-trading” upon closing of the Offering under applicable Canadian securities laws.