Third well of MAX Power’s commercial validation drill program has been completed, featuring the highest Natural Hydrogen readings to date at Lawson while the depth extent of a major conduit for potential gas migration has yet to be determined.

With developments at Lawson 4 and MAX Power now stepping out 30 km to drill Lawson 5, the commercial validation program is scaling up and accelerating toward near-term comprehensive completions testing aimed at confirming the world’s first large-scale commercial discovery of a new primary energy source.

Video: The Time is Now
https://youtu.be/TKnEnBEQ0TM

REGINA, Saskatchewan, Sept. 15, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”), further to its September 8, 2026 news release, is pleased to provide the following exploration and operational update from its Lawson Natural Hydrogen Discovery in south-central Saskatchewan where the Company has delineated Canada’s first subsurface Natural Hydrogen system.

Highlights

Highly prospective zone: A 20.5-meter interval with evidence of strong permeability and porosity was intersected between 2,290 meters and 2,310.5 meters (measured depth) in the basal Cambrian Sandstone unit, immediately above the Precambrian basement complex and a deep crustal fault (conduit) believed to be sub-vertical in orientation.
Best readings to date: The above 20.5-m section was cored (96.6% recovery) and featured increasingly elevated Natural Hydrogen readings including the highest recorded to date at Lawson, based on drill rig gas detection equipment.
Exotic terrane source rocks continue: The next 30.9 meters (2,310.5 m to 2,341.4 m) was also cored, for a total core interval of 51.4 meters (98% recovery), and included very elevated Natural Hydrogen readings and highly favorable mafic-ultramafic source rocks.
Key structure: The dip, strike, and extent of the crustal fault (conduit) beginning at 2,310.5 meters remains unknown – upcoming core analysis will greatly assist in evaluating this important structure, while GLJ is also reviewing geophysical data.
Valuable new data: The Company’s evolving geological model indicates that the relationship between the basal Cambrian Sandstone (lowermost Deadwood Formation) and the Precambrian basement complex may provide an important combination of gas migration pathways, reservoir development, structural trapping and seal integrity.
Multiple zones: From the helium-dominant Interlake Formation (first cores recovered from the Interlake at Lawson between 2,001 meters and 2,031.6 meters, 97% recovery) to the Precambrian basement complex, Lawson 4 has returned multiple zones of interest for both Natural Hydrogen and Helium with the well completed to a total measured depth of 2,400 meters.

Mr. Steve Halabura, MAX Power Chief Geoscientist, commented: “Lawson 4 is a discovery within a discovery, and we eagerly anticipate perforations and comprehensive completions testing at this well and the others to determine potential commerciality of the Lawson Complex. As our understanding of this system accelerates, we are confidently stepping out 30 km to the ‘Salt Wall’ flanking the Prairie Evaporite where our robust geological model gives us plenty of encouragement.”

Lawson 5 Will Test Potential 30-Km Extension of Natural Hydrogen System

Drilling preparations for Lawson 5 are underway. This major step-out before the start of the completions program will test the potential up-dip extension of the Lawson Natural Hydrogen system all the way to the “Salt Wall”, an ideal trap and seal flanking the Prairie Evaporite approximately 30 km to the northeast.

Mr. Ran Narayanasamy, MAX Power CEO, added: “The potential scale of the Lawson Discovery continues to reinforce the geological power of Saskatchewan, the world’s leader in uranium and potash. We have hit on each of the first four wells at the Lawson Complex, all within about 2 km of each other, but this is just a fraction (0.001%) of the broader 1,224 sq. km Lawson permit area. The Lawson Project at 1,224 sq. km represents also just a fraction of the 475-km MAX Power dominated Genesis Trend. And Genesis is just one trend of several we have identified including Grasslands where the Bracken well, 325 km to the southwest, encountered multiple Natural Hydrogen and Helium zones and displays similar characteristics to the Lawson Discovery. This is MAX Power’s first mover advantage.”

Why This Matters to Investors

Lawson is progressing from geological discovery through reservoir evaluation and commercial validation. Earlier drilling established the presence of Natural Hydrogen across successive wells and began defining what MAX Power interprets to be a potentially interconnected subsurface system. Lawson 4 adds an important new dimension, including a major conduit that could be part of a network of deep crustal faults and associated splay faults extending across a broad area.

Geologically, the result is particularly compelling because a potentially prolific basal Cambrian Sandstone interval sits immediately above the Precambrian basement complex and the major deep crustal conduit encountered in Lawson 4. Together with prospective mafic-ultramafic basement rocks, intense fracturing, hydrothermal alteration, very elevated Natural Hydrogen readings and the broader trap-and-seal architecture, MAX Power is beginning to assemble an increasingly integrated model linking potential Natural Hydrogen generation, migration, accumulation and deliverability.

The next questions are increasingly commercial: Gas composition, sustained flow, reservoir connectivity, volume and ultimately economic deliverability. Comprehensive completions testing and independent evaluation will begin addressing those questions, while the next well represents the Company’s largest step-out yet at Lawson - approximately 30 km northeast toward the ‘Salt Wall’.

MAX Power Mining Corp.

Figure 1: Genesis Trend Map – 475 km “Natural Hydrogen Highway”

MAX Power Mining Corp.

MAXX LEMI Update: Exploration Model to Commercial Platform

The success of MAX Power’s drilling program at Lawson is providing an important real-world demonstration of the exploration framework behind AI-driven MAXX LEMI (Large Earth Model Integration). By integrating proprietary drilling, core, seismic, geophysical and geological data with extensive legacy datasets, MAXX LEMI is being developed as an increasingly sophisticated exploration model and tool for identifying, ranking and advancing prospective Natural Hydrogen systems.

As the Company continues to expand its proprietary dataset through drilling at Lawson and across the Genesis Trend, management believes the potential value of MAXX LEMI could extend well beyond the Company’s own exploration portfolio. With Natural Hydrogen rapidly emerging as a new global energy frontier, MAX Power is evaluating pathways through which its exploration intelligence, methodology and technology could ultimately be deployed and monetized across the broader industry.

Potential commercialization pathways under consideration include technology licensing, subscription or platform-based access, technical and exploration services, strategic partnerships, and participation in third party discoveries through joint venture, carried interest or other value sharing structures. No specific commercialization model has yet been adopted, and the Company expects to provide further details as this strategy advances.

The opportunity is potentially twofold: MAX Power is working to define and commercialize Natural Hydrogen systems while simultaneously building the exploration intelligence designed to help find the next ones. As the Company’s proprietary dataset and exploration model continue to grow, MAXX LEMI has the potential to evolve into a scalable intelligence platform, extending the knowledge developed at Lawson across the Genesis Trend and, ultimately, to Natural Hydrogen exploration globally. This creates the potential for MAX Power to participate not only in the value of the systems it discovers, but in the broader industry’s search for the next generation of Natural Hydrogen systems.

Figure 2: Drilling at Lawson 3 Well, Genesis Trend (Aug. 2026)

MAX Power Mining Corp.

Marketing Agreement

MAX Power has entered into an investor marketing and consulting agreement (the “Agreement”) with RazorPitch, Inc. (“RazorPitch”), a firm located at 9215 Belleza Way #204, Fort Myers, Florida.

Under the Agreement, RazorPitch will provide investor marketing and public relations services, including digital marketing, social media, content creation, and investor and broker outreach, together with related consulting on strategic business planning, press-release preparation and shareholder communications.

The Agreement is effective September 14, 2026 and continues until November 14, 2026. The Company may renew the Agreement on the same terms by providing written notice to RazorPitch prior to expiry.

In consideration for the services, the Company will pay RazorPitch an upfront cash fee of $100,000 USD. No securities of the Company are issuable to RazorPitch as compensation under the Agreement.

To the knowledge of the Company, RazorPitch and its principals are at arm's length to the Company and do not hold any securities of the Company. RazorPitch is responsible for ensuring that its promotional activities comply with applicable securities laws and CSE policies.

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Recent Videos

What if the Answer to Natural Hydrogen Was Beneath Our Feet All Along?
https://youtu.be/srV-RCmzzPk

President Chad Levesque On Significance of Lawson
https://youtu.be/wCeFQTKtOuI

What is Natural Hydrogen?
https://www.youtube.com/watch?v=S0bqqZeIpxc

Genesis Explained: Its “Salt Barrier” Advantage and Proximity to Demand
https://www.youtube.com/watch?v=3ytpHdve6S8

The Genesis Trend’s Industrial Corridor
https://youtube.com/shorts/IAgALH_s3mI

Lawson – Canada’s First Big Step into Natural Hydrogen
https://www.youtube.com/watch?v=lTTOwMxz_zo

MAX Power Leaps at Lawson
https://www.youtube.com/watch?v=Yr4Ha06__Eg

Watch the Drill in Action
https://www.youtube.com/watch?v=eguNGAfdIek

MAX Power Saskatchewan Natural Hydrogen Documentary Video
https://www.youtube.com/watch?v=TXGDtTUbJ2c

History in The Making at Lawson – Video Immediately Ahead of Drill Rig Setup
https://www.youtube.com/watch?v=BNHazk9Sy4E

About MAX Power

MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The Company’s Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface Natural Hydrogen system confirmed through deep drilling with data validated by three independent labs. MAX Power has built dominant district-scale land positions across Saskatchewan with approximately 2.5 million acres (~1 million hectares) of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen, and has commenced a multi-well follow-up drill program to validate the commerciality of the broader Lawson Complex interpreted to cover a 28 sq. km area along the 475-km Genesis Trend. MAX Power also holds a significant equity position in Homeland Critical Minerals, which now owns the Willcox Project in Arizona, a lithium discovery confirmed in early 2024 by MAX Power. MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.

On behalf of the Board of Directors,

Ran Narayanasamy, CEO
MAX Power Mining Corp.
info@maxpowermining.com

For further information, please contact:

Chad Levesque, President
Ph: 1-306-981-4753
chad@maxpowermining.com

Media Contact:

Sarah Mawji, Venture Strategies
sarah@venturestrategies.com

Cautionary Statement and Forward-Looking Information

This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is often identified by words such as “anticipate", “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “potential”, “predict”, “project”, “should”, “will” and similar expressions.

Forward-looking information is based on management's current expectations, estimates, projections and assumptions, including, among other things, that required regulatory approvals will be obtained, financing will be available on acceptable terms, planned exploration, appraisal and development activities will proceed as anticipated, equipment and personnel will be available as required, geological interpretations and technical results will support further advancement of the Company's projects, and market conditions will remain favourable.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, without limitation, risks relating to exploration and development activities, geological and technical uncertainties, commercialization of Natural Hydrogen, reservoir performance, infrastructure availability, strategic partnership opportunities, market acceptance, commodity and energy prices, access to capital, regulatory approvals, environmental and permitting requirements, and general economic, market and business conditions.

There can be no assurance that the Company's plans, expectations or objectives will be achieved. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update or revise any forward-looking information, whether due to new information, future events or otherwise, except as required by applicable securities laws.

Additional information regarding the Company and the risks and uncertainties affecting its business and operations is available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/12edf99e-706d-4a9a-af35-076e1fec1f68

https://www.globenewswire.com/NewsRoom/AttachmentNg/c9f27070-6a6e-41ba-8199-d5cbedde94c7

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Lawson Natural Hydrogen Discovery Returns Most Significant Interval to Date, Drilling Steps Out 30 km