Announcement • May 05
Max Power Mining Corp. Announces CFO Changes Max Power Mining Corp. announced the appointment, effectively immediately, May 04, 2026, of Mr. Tony Van Burgsteden as Chief Financial Officer, strengthening the Company’s leadership team as it advances toward commercial evaluation of its Saskatchewan Natural Hydrogen platform. Mr. Van Burgsteden, who recently joined the MAX Power Board of Directors, is the former CFO of Saskatchewan-based Orano Canada, a major uranium mining and exploration company headquartered in Saskatoon. He is also the former VP of Finance at Federated Co-operatives Ltd. Mr. Van Burgsteden takes over from Mr. Ryan Cheung who has served as MAX Power’s Chief Financial Officer since June 2025. Mr. Van Burgsteden, a CPA and CFA, serves on the boards of Saskatchewan Blue Cross and the Canadian Light Source, Canada’s only synchrotron. He is also past chair of the Greater Saskatoon Chamber of Commerce. Announcement • Apr 23
MAX Power Mining Corp Announces Preliminary Results from A Recently Completed 3D Seismic Survey At the Lawson Natural Hydrogen System Near Central Butte, Saskatchewan MAX Power Mining Corp. had preliminary results from a recently completed 3D Seismic Survey at the Lawson Natural Hydrogen system near Central Butte, Saskatchewan, delineated a large, coherent structural closure with an estimated aerial extent of approximately 14.2 sq. km. This materially expands the scale of the project and highlights the potential for multiple producing wells within a newly designated area referred to as 'Lawson Central' which encompasses the original Lawson discovery. The 3D Seismic Survey has also further identified multiple discrete, high-priority drill targets across the 14.2 sq. km structure, highlighting how the Lawson 15-19 well does not appear to be an isolated discovery of Canada’s first subsurface Natural Hydrogen system with an increasingly important potential Helium component. In addition to a material expansion of Lawson’s potential discovery footprint, creating 'Lawson Central', the 3D Survey defines a prospective broader 'Lawson Complex' of approximately 28 sq. km. At the Lawson discovery, where free gas flow to surface and significant hydrogen concentrations were confirmed, drilling just nicked the edge of this Natural Hydrogen system based on 3D seismic. Notably, a major area of relief sits approximately 80 to 100 metres up-dip from the Lawson 15-19 well located slightly toward the east. The apex and upper flanks of this structure, well above the gas-water contact, are optimal areas to target high volume accumulations of Natural Hydrogen in gas-charged reservoirs with Hydrogen and Helium in economically viable concentrations. Interpretation of the 3D Seismic Survey is ongoing, with further updates expected in the near-term as the Company advances its understanding of reservoir distribution, structural architecture, and overall system scale at Lawson Central. This work will directly support progression toward internal resource modeling and estimation, providing a more defined framework for assessing the economic potential of the Lawson system. Concurrently, the Company is advancing plans for near-term follow-up drilling targeting structurally optimal zones, including the apex of the system and other higher elevation areas, as part of a disciplined program to evaluate continuity, flow characteristics, and commercial viability. MAX Power is advancing from initial system confirmation toward defining the scale and commercial potential of what may represent Canada’s first scalable Natural Hydrogen system. The 3D seismic program at Lawson marks a critical inflection point, shifting the project from a single well outcome to a clearly defined structural system with potential for multiple producing wells. The scale now being delineated, together with its position within the broader 475 km Genesis Trend, begins to frame the system in a much larger context, supporting the interpretation of a potentially extensive and repeatable geological framework. The delineation of a large structural closure and broader complex materially enhances the Company’s ability to target optimal zones for follow-up drilling, including higher elevation areas at the apex and flanks of the system where gas accumulation potential is greatest. This represents a key step in evaluating continuity, volume potential, and the parameters required for commercial assessment, while also advancing the technical foundation required for internal resource modeling and estimation. As the industry works to define scalable Natural Hydrogen systems, progress at Lawson contributes to a growing understanding of how these systems can be identified and developed. If successfully advanced, systems of this scale have the potential to support a new form of energy infrastructure aligned with industrial demand, energy security, and long-term national development. Announcement • Apr 21
Max Power Mining Corp. Appoints Tony Van Burgsteden to the Board of Directors MAX Power Mining Corp. at its Annual General and Special Meeting of Shareholders, held on April 17, 2026 announced the appointment of Mr. Tony Van Burgsteden to the Board of Directors of the Company. Mr. Van Burgsteden has several decades of financial and operations experience in the energy, mining, agriculture, and retail sectors through his executive and management roles with Federated Co-operatives Ltd. (FCL) and Orano Canada. He was the CFO for three years for Orano Canada, a large uranium mining company, followed by over eight years as CFO of FCL, one of the largest co-operatives in Canada with annual sales exceeding $10 billion. In addition to his executive experience, Tony brings significant governance knowledge through his current and past board roles. He currently serves as a board member of both Saskatchewan Blue Cross and the Canadian Light Source, one of the largest scientific infrastructure projects in Canadian history. He is also past chair of the Greater Saskatoon Chamber of Commerce and has served on several other not-for-profit boards. He is a CPA and CFA and recently completed the Institute for Corporate Directors (ICD) program. 
