Max Resource subsidiary to acquire Mora title

Executive Summary

• Max Resource Corp., through its Colombian subsidiary, entered an arm’s‑length purchase agreement to acquire up to 100 % of Inversiones Villamora SAS and thereby secure the 713‑hectare Mora gold‑silver title adjacent to the Marmato mine.
• The undeveloped title hosts historic workings, five active artisanal mines and high‑grade channel samples (e.g., 45 g/t Au & 7,110 g/t Ag over 1 m).
• Transaction terms include staged option payments of $50k, $50k, $150k, $150k followed by purchase payments totaling $8 million to reach full ownership, plus a 3 % net smelter royalty on ore production.

Key Details

• Title & Location – Mora gold‑silver concession (KK6‑08031), 713 ha in the Middle Cauca gold belt, ~85 km south of Medellín, Colombia; borders Aris Mining’s Marmato mine and Collective Mining’s Guayabales project.
• Channel Sample Highlights
• 45 g/t Au & 7,110 g/t Ag over 1 m
• 32 g/t Au & 53 g/t Ag over 1 m
• 27 g/t Au & 732 g/t Ag over 1 m
• 8.9 g/t Au & 75 g/t Ag over 1.5 m
• 36.7 g/t Au over 2 m
• 3.3 g/t Au & 87 g/t Ag over 1 m
• Historical Context – Over 40 historic workings and five active artisanal mines identified; prior channel sampling (Crown Gold, 2012) reported weighted‑average 13.2 g/t Au and 1,647 g/t Ag over 5.9 m.
• Exploration Plan (Stage 2) – Collect historic data, map all workings/mines, conduct outcrop/road‑cut mapping and sampling across the property.
• Transaction Structure
• Option Period Payments: $50k (1st), $50k (2nd), $150k (3rd), $150k (4th).
• Purchase Period Milestones & Payments:
  • $1 M → 20 % ownership (within 1 yr after final option payment)
  • $1 M → 40 % ownership (within 1 yr after first purchase payment)
  • $2 M → 60 % ownership (within 1 yr after second purchase payment)
  • $4 M → 100 % ownership (within 1 yr after third purchase payment)
• Royalty: 3 % net smelter royalty on ore production. No finders’ fees paid.
• Qualified Person Review – Technical disclosure reviewed and approved by Tim Henneberry, P.Geo., qualified under NI 43‑101.
• Corporate Context – Announcement follows multiple prior releases (Dec 2024–Apr 2025) regarding Max Brazil’s private placement of 27.4 M shares at A$0.10 per share, raising $2.74 M for the Floralia DSO project and working capital.

Notable Quotes

• “The Mora gold‑silver title is of significant size, and provides both a high‑grade Marmato type target… and an underlaid Apollo porphyry type target…” – Brett Matich, CEO
• “We are excited with the opportunity of being the first exploration company to conduct significant exploration on the Mora title.” – Brett Matich, CEO