Max Resource Secures Ex-Collective Mining's Technical and Logistical Team Leaders, Reuniting Key Management for Its Mora Gold-Silver Project in Colombia

Executive Summary

• Max Resource Corp. appointed Sergio Cocunubo as Head Geologist, re‑uniting with Technical Advisor Dr. Chris Grainger and Community Relations specialist John Henao to lead the newly acquired Mora Gold‑Silver Project in Colombia.
• The release provides extensive technical background on the Mora Property, historic assay results (e.g., 45 g/t Au & 7,110 g/t Ag over 1 m) and outlines a two‑phase 2025 exploration program.
• Details of the earn‑in/purchase agreement for the Mora Title are disclosed, including milestone payments totaling US$8.0 M to acquire 100% ownership.

Key Details

• Management Appointment
• Sergio Cocunubo – Head Geologist; former Senior Exploration Geologist at Collective Mining’s Guayabales Project.
• Dr. Chris Grainger – Technical Advisor (Co‑Founder of Collective Mining).

• John Henao – Community Relations & Logistics specialist.

• Mora Gold‑Silver Property Overview

• Location: Marmato Gold District, Colombia; adjacent to Aris Mining’s 9.2 Moz Marmato operation and Collective Mining’s Guayabales Project.
• Size: Undrilled claim covering >40 historic workings and 5 active artisanal mines.

• Historic channel‑sample results (Table 1):

  • 45 g/t Au & 7,110 g/t Ag over 1.0 m
  • 32 g/t Au & 53 g/t Ag over 1.0 m
  • 27 g/t Au & 732 g/t Ag over 1.0 m
  • 8.9 g/t Au & 75 g/t Ag over 1.5 m

• Recent Field Work (April 2025)

• Two‑day reconnaissance confirmed >2,500 m of NW‑SE striking polymetallic structures across the property.

• Identified “Nan Prospect” with multiple east‑west and NW‑SE trending mineralized zones.

• Historical Context

• Crown Gold (Dec 2012) channel‑sampled 7 adits: weighted average 13.2 g/t Au over 5.9 m and 1,647 g/t Ag.

• Prior work on adjacent Marmato deposit shows measured & indicated resources of >11.7 Moz Au and 80 Moz Ag.

• Exploration Program – Phase 1 & Phase 2 (2025)

• Phase 1: Geological & geophysical data acquisition, channel sampling of all historic shafts, airborne LiDAR, magnetic surveys, 3‑D modelling.

• Phase 2: Ground gravity surveys and delineation of drill targets.

• Purchase Agreement Terms (Mora Title)

• Option Period payments: $50k, $50k, $150k, $150k.
• Purchase Period milestones:
  • $1 M → 20% ownership (within 1 yr after final option payment)
  • $1 M → 40% (1 yr later)
  • $2 M → 60% (1 yr later)
  • $4 M → 100% (1 yr later)

• Net smelter royalty: 3% of ore production.

• Qualified Person

• Tim Henneberry, P.Geo (BC), reviewed and approved technical disclosures per NI 43‑101.

Notable Quotes

“We are pleased to have these three strategic individuals who have played vital roles in developing the most active and valued precious metals belt in Colombia… Their addition is a testament to the potential that Max sees as we advance the newly acquired Mora Project.” – CEO Brett Matich

“I am excited to be heading the exploration and development of the Mora Property… The Marmato‑gold‑silver‑type potential is confirmed by extensive exposed mineralized veins.” – Head Geologist Sergio Cocunubo