MAX Power Mining Corp. announced that it is rapidly expanding the scale of its Willcox lithium discovery in Arizona with a fourth diamond drill hole now in progress 3 miles south of a widely-spaced triangle-shaped series of first-ever drill holes that have each encountered thick lithium claystone sequences and multiple fluid sequences. Highlights: Diamond drill hole WP-23-03, a 1,640-foot (500-meter) step-out to the south of WP-23-02 (refer to Jan.

5, 2024 news release) in the northern part of the property, intersected a predominant lithium claystone sequence from the top of the hole to the base of the hole at 1,007 feet where it ended in a fluid sequence; Similar to WP-23-01 and WP-23-02, multiple distinct fluid sequences were encountered in WP-23-03 at depths of 72, 328, 368, 638, 934 and 1007 feet. Notably, these non-potable liquid targets have the potential to host lithium mineralization which adds to the uniqueness of the geological setting; The first three vertical diamond drill holes formed a triangle measuring approximately 1,640 feet by 1,640 feet by 2,300 feet, immediately building volume potential at a property that is being diamond drilled for the first time; Guidance from a Laser Induced Breakdown Spectroscopy Z-903 (LIBS) portable handheld tool continues to suggest the lithium mineralization in the claystones in the three holes completed to date is significantly more intense and pervasive than the encouraging results reported by the USGS in its historic 1978 reverse circulation test drill hole completed 5 to 6 miles west of the first three MAX Power diamond drill holes; Claystone and brine samples have been sent to ALS Global in Tucson with initial assay results pending; The fourth hole is focusing on resistivity low and gravity low anomalies at a target area on the southern part of the property and is expected to be completed later this week, followed by immediate additional drilling. MAX Power Reviewing Uranium Opportunities For many months MAX Power has also been evaluating advanced and unique special situations in the uranium sector, complementary to its mandate to be a leader in the shift toward decarbonization and build shareholder value in the process.

Given this strategy, MAX Power is carefully reviewing certain uranium opportunities for a potential near-term acquisition.