MAX Power Begins Historic Drilling of Canada’s First-Ever Natural Hydrogen Well

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The Lawson Target Exhibits All Five Key Elements for a Potential Natural Hydrogen Accumulation Including Source Rocks, Migration Pathways, Reservoirs, Seals and Traps, Along With a Defined Four-Way Structural Closure

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SASKATOON, Saskatchewan, Nov. 07, 2025 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; Frankfurt: 89N) (“MAX Power” or the “Company”) is pleased to announce that it has commenced drilling of Canada’s first-ever Natural Hydrogen well at the Lawson target near the community of Central Butte on the 475-km-long Genesis Trend in Southern Saskatchewan.

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Drilling at Lawson kicks off a multi-well drill program on Canada’s largest permitted land package for Natural Hydrogen exploration and development and is being carried out by a powerful Stampede Drilling tele-double rig featuring a total crew of 24 on two 12-hour shifts. The selection of Stampede Drilling reflects MAX Power’s commitment to employing industry-leading expertise and technology in the emerging frontier of Natural Hydrogen, along with a focus on safety.

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Watch the Drill in Action

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A new video capturing the historic start of drilling at Lawson on the Genesis Trend can be viewed here:

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Mr. Mansoor Jan, MAX Power CEO, commented:
“It’s a remarkable achievement for our team to be the first to drill for Natural Hydrogen in Canada. From ideation to execution, every individual involved has brought dedication and expertise to Canada’s first Natural Hydrogen well. It’s a proud moment for all of us leading the charge into this new energy space.”

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Mansoor added: “We look forward to sharing the story of the Genesis Trend and our broader land package at the world’s largest Natural Hydrogen event next week in Paris. For MAX Power we’re now closer than ever in our pursuit of the Natural Hydrogen molecule, its potential accumulations, and ultimately a commercial discovery. I have great confidence that our science-driven approach and months of detailed preparation will bring us success at Genesis and elsewhere.”

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Why This Matters to Investors

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MAX Power has officially entered the history books by drilling Canada’s first Natural Hydrogen well. This marks the beginning of a new chapter in domestic energy exploration focused on clean, naturally generated hydrogen beneath Saskatchewan’s Genesis Trend and other land packages comprising 1.3 million acres with another 5.7 million acres under application. The program underscores the Company’s leadership in advancing scientific understanding of this potential new primary energy source while highlighting Canada’s role in resource innovation.

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Strategic Financing and Partnership Update

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MAX Power continues to advance the previously announced strategic investment for gross proceeds of $5,000,000 at a price of $0.30 per Unit with a leading Southeast Asian conglomerate with extensive interests in the global energy sector (the “Corporate Investor”). Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at $0.45 for a period of 24 months, subject to the previously disclosed accelerated expiry provision. The parties have finalized the investor rights and shareholder agreement, which provides for a board seat, conditional on the investor maintaining at least 7% ownership. Closing of the investment remains on track near-term, as per most recent update October 28, 2025, subject to customary closing conditions, including applicable regulatory approvals.