Maxus Mining Investors Exercise $1,105,952 CDN in Warrants

Executive Summary

• Investors exercised 2,408,200 common share purchase warrants, generating $1,105,952 in gross proceeds.
• Proceeds will be allocated to exploration work, new projects or acquisitions, corporate development, marketing, and working capital.
• Maxus entered a 6‑month marketing services agreement with RMK Marketing Inc., compensating up to $250,000 (with an optional increase to $500,000) for online advertising and campaign management.

Key Details

• Warrant Exercise: 2,408,200 warrants exercised between Jan 2 – Jan 16 2026; gross proceeds of $1,105,952.
• Use of Proceeds: Strengthen balance sheet; fund future exploration, new project acquisition, corporate development, marketing activities, and general working capital.
• Marketing Agreement: Effective Jan 23 2026 for a term of 6 months with RMK Marketing Inc., located at 41 Lana Terrace, Mississauga, ON.
• Compensation to RMK: Fixed fee of $250,000; option to increase the advertising budget up to $500,000 during the term. No securities issued as compensation.
• Termination Condition: Agreement ends either at the end of the 6‑month period or when the $500,000 budget is fully spent.
• Arm’s‑Length Relationship: RMK and its directors/officers do not hold any Maxus securities; relationship confirmed to be arm’s length.
• Qualified Person Review: Technical information reviewed and approved by Morgan Verge, P.Geo., Qualified Person under NI 43‑101.

Notable Quotes

• “This capital strengthens the Company’s balance sheet, and the proceeds will be used for future exploration work on its projects, new projects or acquisitions, corporate development and marketing or working capital purposes.” – Scott Walters, CEO & Director, Maxus Mining Inc.