MAX Power Mining Corp. has announced that an independent petrophysical evaluation by GLJ Ltd. has identified multiple prospective natural hydrogen and helium zones at the Company’s Bracken exploration well, approximately 325 km southwest of the Lawson Discovery. The results provide further evidence supporting basin-scale continuity of natural hydrogen systems across Saskatchewan and establish Bracken as the next major testing program concurrent with Lawson commercial validation drilling.

Bracken, on an adjacent trend to Genesis and a key part of MAX Power’s Grasslands Project, represents the first step-out test from Lawson. Drilling data from Bracken collected and analyzed to date suggest that the geological conditions observed at this target are like those at Lawson, thus providing initial evidence of the existence of a much broader regional natural hydrogen system.

The 750 sq. km permitted Grasslands Project had never previously been drilled for natural hydrogen or helium and is now viewed as a region with significant discovery potential.

Key Highlights

• Independent validation: GLJ, a globally recognized independent energy resource evaluation firm, has identified multiple high priority Natural Hydrogen and helium target intervals across several geological formations at Bracken, independently validating MAX Power’s technical interpretation and recommended testing program
• Basin-scale potential: Located approximately 325 km from the Lawson Discovery, Bracken provides a critical step-out test supporting the Company’s basin-scale geological model and the potential for Natural Hydrogen systems to exist across large parts of Saskatchewan
• Strong geological correlation: Basal Cambrian and Precambrian basement core recovered at Bracken, drilled in March 2026, exhibits similarities to core from the Lawson Discovery, further strengthening the Company’s evolving understanding of regional Natural Hydrogen prospectivity
• Dual advancement strategy: A comprehensive completions and testing program at Bracken is expected to commence during the second half of July, shortly after the start of commercial validation drilling at Lawson as MAX Power advances two complementary programs designed to evaluate multiple stacked Natural Hydrogen and helium targets
• Continental opportunity: Located just 20 km north of the Montana border, positive Bracken drill results strengthen the Company’s interpretation that the trend for both Natural Hydrogen and helium extends into the United States, highlighting the potential for a cross-border clean energy corridor.

Steve Halabura, MAX Power Chief Geoscientist, commented, “The scale of what’s possible here, from the Genesis Trend to Bracken and elsewhere, is truly remarkable as demonstrated by the first two wells drilled 325 km apart. We’ve learned much about Bracken, thanks in part to the unique and proprietary knowledge gained from Lawson in recent weeks and months, especially with completion and interpretation of the recent 3D seismic program. It’s shaping up to be an extraordinary summer in Saskatchewan with MAX Power in a favorable position to make resource history yet again with respect to Natural Hydrogen.”

Ran Narayanasamy, MAX Power CEO, commented, “Independent validation by GLJ reinforces our confidence in the potential at Bracken and further strengthens the broader geological model emerging across Saskatchewan. With commercial validation drilling commencing at Lawson and comprehensive completions testing beginning at Bracken, both in July, we are advancing two highly complementary programs designed to define the scale, continuity, and commercial potential of what points to a globally leading Natural Hydrogen basin.”

Strategic significance: Stacked pay and Saskatchewan’s natural hydrogen frontier. The identification of gas chromatograph and mass spectrometer anomalies for both Natural Hydrogen and helium across multiple distinct geological intervals at a single wellbore is a significant result that speaks to the multi-pay potential of MAX Power’s Bracken target and the broader Grasslands Project. The results demonstrate the potential for multiple stacked reservoir targets at Bracken while further strengthening MAX Power’s broader basin-scale exploration model.

A successful test result at any one of these multiple zones would represent a material de-risking event for the Company’s exploration program in this part of the province; positive results across multiple zones would be transformative and would provide a strong technical foundation for the delineation of commercial Natural Hydrogen and helium resources at Bracken, while opening the door for potential additional discoveries across southern Saskatchewan.

The Bracken 16-29-2-16W3M well is located within MAX Power’s core southwestern Saskatchewan exploration tenure, a region the Company has identified as highly prospective for both Natural Hydrogen and helium based on its geological setting – Precambrian-age igneous-sourced gases migrating upward through deep sedimentary pathways into structural and stratigraphic traps at multiple levels across the Cambrian sandstone and up to the Devonian carbonate sections.

As MAX Power continues its rapid pace of growth, and the Natural Hydrogen sector continues to mature, management believes expanding the executive team today positions the Company to fully capitalize on additional immediate, near-term, and longer-term opportunities, including increased global awareness, while advancing Lawson and the broader Genesis Trend through commercial evaluation and potential world-first, large-scale commercialization of natural hydrogen.