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

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Max Resource Corp (OTC:MXROF) has strengthened its technical team by appointing Sergio Cocunubo as Head Geologist, reuniting with Technical Advisor Dr. Chris Grainger and Community Relations specialist John Henao. All three were key members of the Collective Mining and Continental Gold team that developed the Buritica Au-Ag deposit, which was sold to Zijin Mining for US $1.4 billion.

The team will lead exploration of the newly acquired Mora Gold-Silver Project in Colombia's Marmato Gold District. The property features over 40 historic workings, 5 active mines, and polymetallic structures spanning 2,500m by 1,000m. Notable channel sample results include 45.0 g/t gold & 7,110 g/t silver over 1.0m. The project is strategically located adjacent to Aris Mining's 9.2Moz Marmato Gold Operation and Collective Mining's Guayabales Project.

Max has initiated a two-phase exploration program, including geological and geophysical data collection, channel sampling, and ground gravity surveys to delineate drilling targets.

Max Resource Corp (OTC:MXROF) ha rafforzato il suo team tecnico nominando Sergio Cocunubo come Capo Geologo, riunendosi con l’Advisor Tecnico Dr. Chris Grainger e lo specialista delle Relazioni con la Comunità John Henao. Tutti e tre sono stati membri chiave del team di Collective Mining e Continental Gold che ha sviluppato il giacimento Buritica Au-Ag, venduto a Zijin Mining per US $1,4 miliardi.

Il team guiderà l’esplorazione del recentemente acquisito Mora Gold-Silver Project nel Marmato Gold District della Colombia. La proprietà presenta oltre 40 scavi storici, 5 miniere attive e strutture polymetallifere che si estendono per 2.500 m x 1.000 m. Risultati notevoli di campionamento su canale includono 45,0 g/t oro e 7.110 g/t argento su 1,0 m. Il progetto è strategicamemte situato adiacente all’operazione Marmato Gold di Aris Mining da 9,2 Moz e al Guayabales Project di Collective Mining.

Max ha avviato un programma esplorativo in due fasi, che comprende raccolta di dati geologici e geofisici, campionamento su canale e rilievi gravimetrici di superficie per delineare gli obiettivi di trivellazione.

Max Resource Corp (OTC:MXROF) ha fortalecido su equipo técnico al designar a Sergio Cocunubo como Jefe Geólogo, reuniéndose con el Asesor Técnico Dr. Chris Grainger y el especialista en Relaciones Comunitarias John Henao. Los tres fueron miembros clave del equipo de Collective Mining y Continental Gold que desarrolló el yacimiento Buritica Au-Ag, vendido a Zijin Mining por US $1.4 mil millones.

El equipo liderará la exploración del recientemente adquirido Mora Gold-Silver Project en el Distrito Minero Marmato de Colombia. La propiedad cuenta con más de 40 trabajos históricos, 5 minas activas y estructuras polymetallicas que se extienden a lo largo de 2.500 m por 1.000 m. Resultados notables de muestreo en canal incluyen 45,0 g/t oro y 7.110 g/t plata en 1,0 m. El proyecto está estratégicamente ubicado adyacente a la Operación Marmato Gold de Aris Mining de 9.2 Moz y al Guayabales Project de Collective Mining.

Max ha iniciado un programa de exploración en dos fases, que incluye recopilación de datos geológicos y geofísicos, muestreo en canal y levantamientos gravimétricos de campo para delinear los objetivos de perforación.

Max Resource Corp (OTC:MXROF)수석 지질학자Sergio Cocunubo를 임명하며 기술팀을 강화했고, 기술 고문 Dr. Chris Grainger 및 커뮤니티 관계 담당자 John Henao와 재회했습니다. 이 세 사람은 Buritica Au-Ag 매장 개발에 참여한 Collective Mining 및 Continental Gold 팀의 핵심 멤버였으며, 이 매장은 Zijin Mining에 미화 14억 달러에 매각되었습니다.

팀은 최근 인수한 Mora Gold-Silver Project의 탐사에 앞장설 것이며, 콜롬비아의 Marmato 골드 디스트릭트에 위치합니다. 이 부지는 40개 이상의 역사적 작업, 5개 활동 광산, 2,500m x 1,000m 크기의 다금속 구조를 특징으로 합니다. 채널 시료의 주목할 만한 결과로는 금 45.0 g/t 및 은 7,110 g/t1.0m에 걸쳐 보고되었습니다. 이 프로젝트는 Aris Mining의 9.2 Moz Marmato Gold Operación과 Collective Mining의 Guayabales Project에 인접해 전략적으로 위치하고 있습니다.

Max는 지질학 및 지정보 데이터를 수집하고, 채널 샘플링 및 지표 중력 탐사를 포함하는 2단계 탐사 프로그램을 시작하여 시추 대상지를 구분할 예정입니다.

Max Resource Corp (OTC:MXROF) a renforcé son équipe technique en nommant Sergio Cocunubo comme Chef Géologue, retrouvant ainsi le Conseiller Technique Dr. Chris Grainger et le spécialiste des Relations Communautaires John Henao. Ils formaient tous les trois des membres clés des équipes de Collective Mining et Continental Gold qui ont développé le gisement Buritica Au-Ag, vendu à Zijin Mining pour US $1,4 milliards.

L’équipe mènera l’exploration du Mora Gold-Silver Project récemment acquis dans le Marmato Gold District en Colombie. La propriété compte plus de 40 travaux historiques, 5 mines actives et des structures polymétalliques s’étendant sur 2 500 m par 1 000 m. Des résultats notables d’échantillonnage en canal comprennent 45,0 g/t d’or et 7 110 g/t d’argent sur 1,0 m. Le projet est stratégiquement situé à côté de l’Opération Marmato Gold de Aris Mining à 9,2 Moz et du Guayabales Project de Collective Mining.

Max a lancé un programme d’exploration en deux phases, comprenant la collecte de données géologiques et géophysiques, l’échantillonnage en canal et des levés gravimétriques de surface pour délimiter les cibles de forage.

Max Resource Corp (OTC:MXROF) hat sein technisches Team gestärkt, indem es Sergio Cocunubo zum Head Geologist ernannt hat, und sich mit dem Technischen Berater Dr. Chris Grainger sowie dem Community Relations-Spezialisten John Henao wiedervereinigt. Alle drei gehörten zum Kernteam von Collective Mining und Continental Gold, das das Buritica Au-Ag-Vorkommen entwickelte, das an Zijin Mining für US $1,4 Mrd. verkauft wurde.

Das Team wird die Explorationsarbeiten des neu erworbenen Mora Gold-Silver Project im Marmato Gold District Kolumbiens leiten. Die Liegenschaft verfügt über mehr als 40 historische Bohrstellen/Arbeitsstellen, 5 aktive Minen und polymetallische Strukturen, die sich über 2.500 m mal 1.000 m erstrecken. Bemerkenswerte Kanalproben-Ergebnisse umfassen 45,0 g/t Gold & 7.110 g/t Silber über 1,0 m. Das Projekt liegt strategisch angrenzend an Aris Minings 9,2 Moz Marmato Gold Operation und Collective Minings Guayabales Project.

Max hat ein zweiphasiges Explorationsprogramm initiiert, das die geologische und geophysikalische Datenerhebung, Kanalprobenentnahme und Boden-Gravitationsvermessungen zur Abgrenzung von Bohrzielen umfasst.

Max Resource Corp (OTC:MXROF) عززت فريقها الفني بتعيين سيرجيو كوكونابو كـرئيس جيولوجي، لت reunion مع المستشار الفني الدكتور كريس جراينجر وأخصائي العلاقات المجتمعية جون هنآو. كان الثلاثة أعضاء رئيسيين في فريق Collective Mining وContinental Gold الذي طور منجم Buritica للذهب-الفضة، الذي بيع إلى Zijin Mining بمبلغ 1.4 مليار دولار أمريكي.

سيقود الفريق استكشاف مشروع Mora Gold-Silver Project الذي تم الاستحواذ عليه مؤخرًا في منطقة Marmato الذهبية ببلغاريا؟ في كولومبيا. تمتاز الملكية بـ أكثر من 40 موقعاً تاريخياً للحفر، و5 مناجم نشطة وهياكل متعددة المعادن تمتد على مسافة 2,500 م × 1,000 م. نتائج عينات القنوات الملحوظة تشمل 45.0 ج/ط ذهب و 7,110 ج/ط فضة على مسافة 1.0 م. يقع المشروع بجوار عملية Marmato Gold التي تبلغ 9.2 مليون أوقية من Aris Mining ومشروع Guayabales لـ Collective Mining.

بدأ Max برنامج استكشاف ذو مرحلتين، يشمل جمع البيانات الجيولوجية والجيوفيزيائية، وأخذ عينات من القنوات، ومسوح جاذبية سطحية لتحديد أهداف الحفر.

Max Resource Corp (OTC:MXROF) 已通过任命 Sergio Cocunubo 为首席地质学家 强化了技术团队,重新与技术顾问 Dr. Chris Grainger 及社区关系专家 John Henao 会合。三人均为 Collective Mining 与 Continental Gold 团队的核心成员,开发了 Buritica 金银矿床,已以 13亿美元 的价格出售给 Zijin Mining。

团队将带领对新近收购的 Mora Gold-Silver Project 在哥伦比亚 Marmato 金矿区的勘探。该资产拥有超过 40 个历史工作区5 座在产矿山,以及延展至 2,500 m x 1,000 m 的多金属结构。-channel 样品的显著结果包括 金 45.0 g/t 与银 7,110 g/t,覆盖 1.0 m。该项目紧邻 Aris Mining 的 9.2 Moz Marmato Gold Operation 与 Collective Mining 的 Guayabales Project,具有战略地位。

Max 已启动两阶段勘探计划,包括地质与地球物理数据收集、沟道取样与地表重力测量,以界定钻探目标。

Positive
  • Appointment of three highly experienced mining executives with proven track record of billion-dollar project development
  • Strategic location adjacent to major gold operations including Aris Mining's 9.2Moz Marmato Gold Operation
  • High-grade sampling results including 45.0 g/t gold & 7,110 g/t silver over 1.0m
  • Property features over 40 historic workings and 5 active mines indicating significant mineralization potential
Negative
  • Significant payments required to complete acquisition: total of $8.4 million in staged payments
  • Property is largely unexplored with limited historical data
  • 3% net smelter royalty commitment on future production

Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report the new appointment of Mr. Sergio Cocunubo as Head Geologist, reuniting with key Technical Advisor Dr. Chris Grainger and Community Relations specialist Mr. John Henao, all key members of the Collective Mining and the Continental Gold team that developed the Buritica Au-Ag deposit, sold to Zijin Mining for US $1.4 billion. These three experts will lead the exploration and development of the Max's recently acquired Mora Gold-Silver Project ("Mora Property" or "Mora Project") located within the Marmato Gold District of Colombia.

Highlights:

  • Mr. Cocunubo, the newly appointed Head Geologist has extensive experience along Colombia's productive Cauca Belt including the role of Senior Exploration Geologist for Collective Mining's (TSX: CNL) (NYSE: CNL) neighbouring Guayabales Project.
  • Mr. Cocunubo reunites with Co-Founder of Collective Mining, Dr. Grainger who acts as Technical Advisor.
  • In addition, he reunites with Collective Mining's Community Relations and Logistics specialist, Mr. John Henao acts in this same role for Max.

"We are please to have these 3 strategic individuals who have played such vital roles in developing the most active and valued precious metals belt in Colombia. Their addition as key members of the Max team is a testament to the potential that Max sees as we advance the newly acquired Mora Project," says Max CEO Brett Matich.

"The Mora Property lies in the heart of the Marmato District, directly south of Collective Mining's Guayabales Project abutting the western and southern boundaries and Aris Mining's Marmato Operations abuts along the 2.8 km eastern boundary. Mr. Cocunubo's unique tie to the Marmato District, subsequent experience and expertise at Guayabales will no doubt add immense value to the Company and its Shareholders," he concluded.

"I am excited to be heading the exploration and development of the Mora Property, where there has been primitive to limited exploration to date. The Marmato-gold-silver-type potential is confirmed by the extensive series of exposed mineralized "polymetallic" veins together with numerous historic and active artisanal underground mines," says Max Head Geologist Sergio Cocunubo.

"In addition, Aris Mining's Marmato Operations have recently confirmed the discovery of high-grade porphyry environment at depth, which together with porphyry-type environment characteristics of Collective Mining's Guayabales Project, increases the probability of the existence of the same type of mineralizing environment within the Mora Property, since these systems are typically generated in clusters," he concluded.



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Figure 1: Polymetallic Structures, Mines, Assays, Marmato (2012¹), Apollo Discovery.
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Mr. Cocunubo holds a Masters' Degree in Economic Geology with a specialization on Mining Exploration from the Universidad Católica del Norte de Chile and Degree in Engineering Geology, with technical training and analytical capacity to solve complex problems in geosciences from the Pedagogical and Technological University of Colombia (2013).

In Colombia, he previously acted as exploration geologist for AngloGold Ashanti on Nuevo Chaquiro (6.1Mozs Au, 85Mozs Ag, 3.9Mt Cu, Resources: 604Mt @ 0.65% Cu, 0.32 g/t Ag, 116ppm Mo•), Continental Gold on the Buritica Deposit (P&P Reserves: 3.8Mozs at 6.9 g/t Au & 13Mozs at 24 g/t Ag in 15.61Mt and M&I Resources: 4.4Mozs at 8.9 g/t Au & 14.6Mozs at 29 g/t in 14.02Mt plus Inferred Resources: 5.1Mozs at 8.9 g/t Au & 18Mozs at 29 g/t Ag in 16.2Mt³), Director of Exploration for Touchstone Colombia on Picacho in District of Sergovia and Senior Geologist for Collective Mining on the Guayabales Project.

Dr. Grainger holds a BSc and PhD in Economic Geology from the University of Western Australia, where he was sponsored by Vale Brazil. His doctoral research focused on the Serra Pelada epigenetic Au-Pd-Pt deposit in Brazil. He is fluent in English and Portuguese and has an advanced level of proficiency in Spanish.

Notable career achievements in Colombia include: initial due diligence of the Continental Gold asset portfolio as VP of Exploration which included the world-class Buritica Au-Ag deposit acquired by Zijin Mining for US $1.4 billion; identified and consolidated the San Matias Cu-Au district for Cordoba Minerals, which includes the Alacran Cu-Au deposit (Resources: 99.456Mt at 0.41%Cu, 0.24 g/t Au, 2.65 g/t Agº), later acquired by HPX Minerals (Friedland group of companies); as Co-Founder of Collective Mining and played a critical role in identifying the Guayabales Project, ultimately leading to the consolidation of the entire northern Marmato District and the discovery of the Apollo Cu-Au deposit. His expertise and success in identifying and developing significant mining assets make him a valuable asset to Max in the key position of Technical Advisor.

Mr. Henao is a Technologist in Military Sciences with training in security, risk and strategic management. He specializes in negotiation, intelligence and community management in exploration projects. He was responsible for Community Relations and Logistics for Continental Gold, Collective Mining and acts in the same role for the Max.

Discussion of the Mora Gold-Silver Project

Highlights

  • The undrilled Mora Property encompasses over 40 historic workings, 5 active mines, a series of exposed polymetallic structures over 2,500m by 1,000m, adjacent to Aris Mining's (TSX: ARIS) (NYSE: AIMN) 9.2Moz Marmato Gold Operation (P&P Reserves: 31.3Mt @ 3.2 g/t Au for 3.2Mozs, M&I Resources: 61.5Mt @ 3.0 g/t Au for 6.0Moz, Inferred Resources: 35Mt at 2.4 g/t Au for 2.8Mozs ¹).
  • Aris Mining's Marmato Property abuts the 2.8 km eastern boundary, and Collective Mining's (TSX: CNL) (NYSE: CNL) Guayabales Project abuts along 3.7 km north (Apollo Porphyry System), west, south, and vertical east boundaries of the Mora Property.
  • Highlight, Mora Gold-Silver Property channel sample results include (refer to Table 1)
    • 45.0 g/t gold & 7,110 g/t silver over 1.0m; 32.0 g/t gold & 53 g/t silver over 1.0m.
    • 27.0 g/t gold & 732 g/t silver over 1.0m; 8.9 g/t gold & 75 g/t silver over 1.5m.

Max advises investors that the gold mineralization at the Marmato gold deposit and the Apollo porphyry zone may not necessarily by indicative of similar mineralization at the Mora Property. Max further advises the QP has been unable to verify the information on Marmato and Guayabales and that the information is not necessarily indicative to the mineralization on the Mora Property.

The geology exposed at Marmato appears very similar in character to Mora, and can be considered analogous, due to its close proximately and geological similarities, including the same type: a) host rocks, b) structural trends, c) styles of mineralization, and d) types of alteration. These are all key characteristics of the world class bulk tonnage porphyry-related gold deposits of the Cauca Gold Belt.

In April 2025, a 2-day reconnaissance visit was conducted by a geological consultant, on behalf of the Company. Investigation of the San Juan Sector in the northern portion of the Mora Property, confirmed a series of NW to SE striking polymetallic sub-parallel mineralized structures along over 2,500m of strike, dipping to the SW, across a width of 1,500m SW to NE. Over 40 historic workings and 5 active artisanal gold mines were noted. The polymetallic mineralized structures clearly cross the eastern boundary towards the Marmato Gold Operations.

The Nan Prospect in the lower SE corner of the Mora Property, identified one east to west polymetallic mineralized structure dipping to the south and two other polymetallic structure's running NW to SE dipping NE crossing across the boundary trending to Marmato (refer to Table 1).

Historical Work

The mining and exploration on the Mora Property has been primitive and limited to date. The only recorded exploration and mining consists over 40 historic workings and active artisanal mines, with the exception of a report documenting a field visit in 2012 for Crown Gold Corp².

The author identified numerous high-grade gold and silver sulphide veins exploited by artisanal miners on both Marmato and the Mora Title (Property). His comments include:

"There is no question that the geology of Marmato continues across the Mora title (KK6-08031) boundary in the region of San Juan. Gran Colombia states that their deposit (Marmato) is open and continues at depth and to the west and south, both areas are within in the Mora title (Property)."

In addition, the Crown Gold Corp. news release, dated December 20, 2012² stated:

"During a visit in November, Crown gained access to, and channel sampled, 7 of the 40 adits which it has located to date, on the Mora Property. A total of 7 channels were cut in these 7 adits and all samples returned gold and silver values. The weighted average value of gold was 13.2 g/t over 5.9m sampled, while the weighted average value of silver was 1,647 g/t.

"Sampling to date has been concentrated within 1-km² block (San Juan Sector) of the 7-km² Mora Property. There appears to be a series of mineralized "polymetallic" veins running through the Mora Property, similar mineralization to Gran Colombia's Marmato gold deposit, which lies adjacent east side of the Mora Property.

"The Marmato property has a 43:101 measured and indicated resource of over 11.7Mozs of gold and 80Mozs of silver to vertical depth of 400m. In addition, recent drilling at Marmato has revealed high grade mineralization extending a further 700m below the present resource."

The Company's 2025 exploration program is now underway:

  • Phase 1: collect geological and geophysical data, channel sample all active and historical underground shafts (represent as drill holes), outcrops, airborne LiDAR and magnetic, 3D geological/DTM/topographic modelling.
  • Phase 2: ground gravity surveys and delineate drilling targets.

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Table 1: Highlight Assay Results for 2012² and 2025 Field Investigations.

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Figure 2. El Oso Gold-Silver Mine located within the Mora Title.

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Figure 3. El Cielo Gold-Silver Mine located within the Mora Title.

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NameHighlightsReference
News Release
Dec 20, 2012
Crown Gold Corp. (TSXV: CWN)
Mora Property
Scott Franko, senior consultant to Crown Gold and a registered Professional Geologist was designated as the Qualified Person under NI 43:101 for the Colombian Mining Project
Marmato Gold Deposit¹Aris Mining (TSX: ARIS) (NYSE: AIMN)https://aris-mining.com/operation/reserves-and-resources/

P&P Reserve: 31.28Mt at 3.16 g/t Au for 3.178Mozs

M&I Resources: 61.50Mt at 3.03 g/t Au for 5.997Mozs

Inferred Resource: 35.60Mt at 2.43 g/t Au for 2.787Mozs
Guayabales Project²Collective Mining (TSX: CNL) (NYSE: CNL)https://collectivemining.com/

Apollo: 497m at 3.0 g/t AuEq.

Trap: 632m at 1.1 g/t AuEq.

Plutus: 301m at 3.0 g/t AuEq.

Ramp: 75m at 8.0 g/t Au

ME: 111m at 1.0 g/t AuEq.
Buriticá Gold Deposit³Zijin Mining - Continental Goldhttps://www.zijinmining.com/global/program-detail-71741.htm

P&P Reserve: 3.8Mozs at 6.9 g/t Au&13Mozs at 24 g/t Ag in 15.61Mt

M&I Resource: 4.4Mozs at 8.9 g/t Au&14.6Mozs at 29 g/t in 14.02Mt

Inf. Resource: 5.1Mozs at 8.9 g/t Au&18Mozs at 29 g/t Ag in 16.2Mt
Nuevo Chaquiro
Deposit•
AngloGold Ashanti (NYSE: AU)
Resource: 604Mt @ 0.65% Cu, 0.32 g/t Ag, 116ppm Mo for 6.1Mozs Au, 85Mozs Ag, 3.9Mt Cu
https://portergeo.com.au/database/mineinfo.php?mineid=mn1501
Alacran DepositºCordoba Minerals
Resource: 99.456Mt at 0.41%Cu, 0.24 g/t Au, 2.65 g/t Ag
https://wp-cordobaminerals2024.s3.ca-central-1.amazonaws.com/media/2024/08/Cordoba_-_tech_report_-_feasibility_study_-_Alacran.pdf

 

Table 2. References.

Terms of the Purchase Agreement

Under the terms of the Purchase Agreement (the "Agreement"), the Company's wholly owned Colombian subsidiary Maximum Company Colombia S.A.S. ("Maximum") has the exclusive rights to earn up to 100% of Inversiones Villamora S.A.S. ("Villamora"). Pursuant to Maximum acquiring 100% of the shares of Villamora, the 100% owner of Mining Concession No. KK6-08031 ("Mora" or the "Title"). Maximum acts as the sole operator and can withdraw from the Option or Purchase Periods at any stage. Payments are USD to the shareholders of Villamora and are all payments are subject to certain milestones, obligations and conditions. Option Period; first payment of $50,000; second of $50,000; third of $150,000 and fourth of $150,000.

The Purchase Period; $1,000,000 on or before 1 year after the final Option Period payment advances to 20%; $1,000,000 on or before 1 year after the first Purchase Period payment advances to 40%; $2,000,000 on or before 1 year after the second Purchase Period payment advances to 60%; $4,000,000 on or before 1 year after the third Purchase Period payment advances to 100%

Under certain conditions prior to Maximum initiating the Purchase Period, Maximum shall be entitled to acquire the Mora Title, rather than Villamora, under the same terms and conditions. The Company committed to 3% net smelter royalty from ore production. No finders' fees were paid in connection with the Transaction.

Qualified Person

The Company's disclosure of a technical or scientific nature in this news release was reviewed and approved by Tim Henneberry, P.Geo (British Columbia), a member of the Max Resource advisory board, who serves as a qualified person under the definition of National Instrument 43-101.

About Max Resource Corp.

Max's wholly owned Sierra Azul Copper-Silver Project sits along the Colombian portion of the world's largest producing copper belt (Andean belt), with world-class infrastructure and the presence of global majors (Glencore and Chevron). Max has an Earn-In Agreement ("EIA") with Freeport-McMoRan Exploration Corporation ("Freeport"), a wholly owned affiliate of Freeport-McMoRan Inc. relating to the Sierra Azul Project. Under the terms of the EIA, Freeport has been granted a two-stage option to acquire up to an 80% ownership interest in the Sierra Azul Project by funding cumulative expenditures of C$50m and cash payments totaling C$1.55m. Max is the operator of the initial stage. The USD $4.8m 2025 exploration program for the Sierra Azul Project Cby Freeport.

Max Iron Brazil's wholly owned Florália Hematite DSO Project is located 67-km east of Belo Horizonte, Minas Gerais, Brazil's largest iron ore and steel producing State. Max's technical team has significantly expanded the Florália Hematite DSO Geological Target from 8-12mt at 58% Fe to 50-70mt at 55%-61% Fe.

Max cautions investors the potential quantity and grade of the iron ore is conceptual in nature, and further cautions there has been insufficient exploration to define a mineral resource and Max is uncertain if further exploration will result in the geological target being delineated as a mineral resource. Hematite mineralization tonnage potential estimation is based on in situ high-grade outcrops and interpreted and modelled magnetic anomalies. Density value used for the estimate is 2.8t/m³. Hematite sample grades range between 55-61% Fe. The 58 channel samples were collected for chemical analysis from in situ outcrops in previously mined slopes of industrial materials.

For more information, visit on Max Resource: https://www.maxresource.com/

For additional information, contact: 
Tim McNulty E: info@maxresource.com T: (604) 290-8100 
Rahim Lakha E: rahim@bluesailcapital.com 
Brett Matich T: (604) 484 1230

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law.

Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein.

The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266785

FAQ

What key appointments did Max Resource (MXROF) announce for its Mora Project?

Max Resource appointed Sergio Cocunubo as Head Geologist, along with Dr. Chris Grainger as Technical Advisor and John Henao as Community Relations specialist. All three were key members of the Collective Mining team that previously developed the Buritica Au-Ag deposit sold for US $1.4 billion.

What are the highlight gold-silver sample results from Max Resource's Mora Property?

Key channel sample results include 45.0 g/t gold & 7,110 g/t silver over 1.0m, 32.0 g/t gold & 53 g/t silver over 1.0m, and 27.0 g/t gold & 732 g/t silver over 1.0m.

How much will Max Resource pay to acquire 100% of the Mora Project?

Max Resource will pay a total of $8.4 million in staged payments, including $400,000 during the Option Period and $8 million during the Purchase Period, plus a 3% net smelter royalty on future production.

What is Max Resource's exploration plan for the Mora Gold-Silver Project?

Max Resource has initiated a two-phase exploration program. Phase 1 includes geological and geophysical data collection, channel sampling, and airborne surveys. Phase 2 will involve ground gravity surveys and drilling target delineation.

Who are Max Resource's neighbors at the Mora Gold-Silver Project?

The Mora Project is adjacent to Aris Mining's 9.2Moz Marmato Gold Operation along its 2.8km eastern boundary and Collective Mining's Guayabales Project along its northern, western, and southern boundaries.
Max Resource

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