SASKATOON, Saskatchewan — January 30, 2026 — Leads & Copy — MAX Power Mining Corp. has identified a robust target for near-term drilling of a second “play concept” for Natural Hydrogen in Saskatchewan, called “Bracken”. Licensing is underway to commence the “Bracken” well along the Saskatchewan-Montana border in February.
The Bracken well will test a second “play concept” with its own unique trap and seal mechanisms compared to Lawson, Canada’s first Natural Hydrogen drilling discovery 325 km to the northeast. Drilling at Bracken will occur in parallel with advancement of Lawson toward potential commerciality.
The company says newly acquired proprietary 2D seismic data has allowed for delineation of a technically robust Natural Hydrogen drill target at “Bracken” on the Grasslands Project along the Saskatchewan-Montana border. The Bracken site is on a different trend than Genesis, further highlighting the scale and repeatability potential of Natural Hydrogen accumulations across the province of Saskatchewan, where MAX Power owns Canada’s largest permitted land package for this emerging new primary energy source.
MAX Power is advancing toward potential commercialization while simultaneously testing additional play concepts across Saskatchewan after confirming a Natural Hydrogen discovery at Lawson. The Bracken well represents an important step in demonstrating basin-scale continuity, supporting the geological team’s interpretation that Natural Hydrogen systems in Saskatchewan are repeatable and scalable across multiple trends.
The Bracken well location was generated through an integrated geophysical and geological workflow leveraging 34.3-line kilometers of newly acquired proprietary 2D seismic data combined with legacy 2D seismic. MAX Power says this dataset was rigorously interpreted to delineate basement architecture, structural and stratigraphic pathways, and prospective migration corridors considered critical to Natural Hydrogen and associated clean gas accumulation.
Like Genesis to the northeast, the Grasslands Project is considered prospective for multiple potential Natural Hydrogen discoveries that may also include helium. Bracken and the broader Grasslands Project is benefiting from, and informing, the Company’s in-house AI-assisted Large Earth Model Integration (LEMI) platform known as MAXX LEMI, MAX Power’s proprietary tool to optimize Natural Hydrogen exploration and drill target selection.
According to MAX Power’s Chief Geoscientist Steve Halabura, the MAX Power team first discovered Natural Hydrogen in the sub-surface in Saskatchewan, through historical drilling, and the broader area is a known helium fairway. At Bracken, the company will be testing a stratigraphic play concept vs. the structural play concept successfully developed at Lawson and across the Genesis Trend, Halabura noted the similarities in the Natural Hydrogen geological model between Bracken and Lawson, but each has its own unique trap and seal mechanisms.
MAX Power CEO Ran Narayanasamy said the company continues to move at a rapid pace with respect to Natural Hydrogen exploration and development in Saskatchewan where it has the advantage of a mature and favorable policy framework. Narayanasamy added that this highlights the stark timeline difference between exploration and potential commercialization of Natural Hydrogen vs. traditional mineral and metal projects, and that the company’s goal is to quickly unlock scalable, low-carbon energy resources in Saskatchewan, and leverage the MAXX LEMI model for Natural Hydrogen on a global basis.
The Bracken prospect forms part of a broader, regionally extensive exploration fairway across MAX Power’s 75-km-wide permitted Grasslands Project. Success at Bracken would materially de-risk additional prospects already defined within the seismic and MAXX LEMI framework, positioning MAX Power to rapidly advance a growing inventory of follow-up targets across its highly prospective Saskatchewan portfolio.
Advancing a second, independently derived Natural Hydrogen play concept a few hundred kilometers from Lawson in the southwest corner of the province reinforces that the Company’s opportunity extends beyond a single discovery or trend and into a potentially very large basin-scale system. Lawson has validated MAX Power’s geological model for Natural Hydrogen, a model that includes multiple play concepts – the second of which will be tested at Bracken with strong confidence given recently interpreted proprietary 2D seismic data combined with initial success at Lawson.
MAX Power also announced it has granted 3,415,000 stock options at an exercise price of $1.08 with a 3-year expiry, and 2,990,000 restricted stock units (RSUs) to management, directors, and consultants of the company. The stock options and RSUs will vest in accordance with vesting terms to be determined by management and subject to the terms and conditions of the Company’s stock option and restricted stock unit plan.
The Company has entered into a service agreement with Apollo Shareholder Relations Ltd. (“Apollo”) to provide investor awareness and investor communications services. The agreement has an initial term of six (6) months, commencing January 23, 2026, and may thereafter continue on a month-to-month basis. Under the agreement, the Company will pay Apollo an aggregate cash fee of $45,000, payable over the initial term, and will grant 100,000 stock options, subject to board approval.
MAX Power has also entered into a communications services agreement with BW Venture Strategies Inc. (“Venture Strategies”), effective January 19, 2026, to provide public relations and media relations services, including strategic communications and media outreach. The agreement has a term of six (6) months, with total fees of $10,000 per month, payable in cash.
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Recent Videos include: The Genesis Trend’s Industrial Corridor, MAX Power Leaps at Lawson, MAX Power drills into Natural Hydrogen in Canada’s first-ever dedicated Natural Hydrogen well, Watch the Drill in Action, History in The Making at Lawson – Video Immediately Ahead of Drill Rig Setup and MAX Power Saskatchewan Natural Hydrogen Documentary Video.
MAX Power is an innovative mineral and energy exploration company focused on North America’s shift to decarbonization. The Company is a first mover in the rapidly growing Natural Hydrogen sector where it has built a dominant district-scale land position in Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits, plus an additional 5.7 million acres under application, covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen. Canada’s first-ever well specifically targeting Natural Hydrogen has been drilled by MAX Power at the Lawson target on the Genesis Trend, confirming a working subsurface system. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power’s U.S. subsidiary Homeland Critical Minerals Corp.
Source: MAX Power Mining Corp.
