Max Power outlines drill target at Genesis trend

Executive Summary

• Max Power Mining Corp. announced the identification of “Lawson,” Canada’s first deep well specifically targeting natural hydrogen, with drilling slated to start in Q4 2025.
• The target sits on a five‑element geological system (source, migration, reservoir, seal, trap) and benefits from a regional Prairie Evaporite salt barrier that provides an effective seal.
• The company also disclosed the grant of 1 million restricted stock units (RSUs) to a consultant.

Key Details

• Target Definition: Lawson is located within the Genesis trend in southern Saskatchewan, part of Max Power’s ~1.3 M‑acre permitted natural hydrogen land package (largest in Canada).
• Geological Rationale: Integrated data (≈180 km of 2‑D seismic, aeromagnetics, gravity, subsurface mapping, water‑well gas analyses, historic cores) indicate presence of all five critical elements for a natural hydrogen accumulation and four‑way closure.
• Salt Barrier Advantage: The target lies against the Prairie Evaporite margin, a low‑permeability salt barrier expected to act as an effective trap and seal for hydrogen.
• Drilling Timeline: Well licensing application to be submitted imminently with approval anticipated by October 2026; spudding planned for Q4 2025 followed by flow‑testing as warranted.
• Program Scope: Lawson is the first of a multi‑well program intended to evaluate several natural hydrogen play types across Max Power’s permitted acreage, potentially derisking ~20 look‑alike targets along the 200‑km Genesis corridor.
• Strategic Context: Global majors are increasing interest in natural hydrogen; successful results could provide low‑cost, low‑carbon primary energy and support modular power generation in Saskatchewan’s industrial corridor.
• RSU Grant: One million restricted stock units granted to a company consultant; vesting terms to be set by management under the company’s RSU plan.
• Qualified Person Review: Technical information reviewed and approved by Steve Halabura, P.Geo., FGC, FEC, Max Power’s chief geoscientist, in accordance with NI 43‑101.

Notable Quotes

• Steve Halabura: “Lawson checks the five boxes we look for in a natural hydrogen system… this is the right target to begin proving the natural hydrogen exploration thesis in Saskatchewan.”
• Mansoor Jan (CEO): “Lawson marks our shift from planning to execution. Beginning in Q4 2025, we will undertake a disciplined drilling program to validate what we believe is a very robust geological model… This is a pivotal moment for the company.”