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Max Power Mining Corp. — Board/Management Information 2026
Apr 20, 2026
48181_rns_2026-04-20_fe33b140-bbb7-4669-a371-ac7b6d6366e9.pdf
Board/Management Information
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Form 51 – 102F3
Material Change Report
1. Name and Address of Company
Max Power Mining Corp. (the “ Company ”) 15 Innovation Boulevard Saskatoon, SK S7N 2X8
2. Date of Material Change
April 17, 2026
3. News Release
The news release announcing the material change was disseminated through News Wire on April 20, 2026 and filed on SEDAR+ at www.sedarplus.com and with the CSE.
4.
Summary of Material Change
The Company held its Annual General and Special Meeting on Friday April 17, 2026, in which Shareholders of the company approved the number of directors at six, with Ran Narayanasamy, Neil McMillan, Tom Kishchuk, Rob Norris, Phung Khac Hoan, and Tony Van Burgsteden as directors for the company.
Mr. Tony Van Burgsteden was newly appointed as a director of the company. He brings decades of financial and operational leadership, he also has strong governance experience through board roles with Saskatchewan Blue Cross and Canadian Light Source, and holds CPA, CFA, and ICD credentials.
The Company's proposed shareholder rights plan was also approved for adoption at the meeting. The Shareholder Rights Plan can be viewed on the Company’s website or posted on SEDAR Plus.
5. Full Description of Material Change
See the News Release attached as Schedule “A”
6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
7. Omitted Information
Not applicable.
8. Executive Officer
The following senior officer of the Company is knowledgeable about the material change and this report:
Ran Narayanasamy, CEO and Director Email: [email protected] For further information, please contact: Chad Levesque – [email protected] Phone: 1-306-981-4753
9. Date of Report
April 20, 2026
SCHEDULE "A"
CSE: MAXX | OTC: MAXXF | FSE: 89N
15 Innovation Boulevard Saskatoon, SK S7N 2X8 [email protected] MaxPowerMining.com
MAX POWER ANNOUNCES AGSM RESULTS AND APPOINTMENT OF NEW DIRECTOR
Genesis Explained: Its “Salt Barrier” Advantage and Proximity To Demand
= https://www.youtube.com/watch?v 3ytpHdve6S8
SASKATOON, SK ( April 20, 2026) - MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) announces voting results from its Annual General and Special Meeting of Shareholders (the "Meeting"), held on Friday April 17, 2026, including the appointment of Mr. Tony Van Burgsteden to the Board of Directors of the Company.
All resolutions presented to the shareholders were approved. Each of the resolutions is explained in detail in the Management Information Circular published in connection with the Meeting, available for reference on the Company’s website at www.MaxPowerMining.com.
A total of 31,363,104 common shares, representing approximately 24.8% of the Company's outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favour of:
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Reappointing D&H Group LLP, Chartered Accountants, auditors of the Company;
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Setting the number of directors at six, with the following six nominees elected as directors: Ran Narayanasamy, Neil McMillan, Tom Kishchuk , Rob Norris, Phung Khac Hoan, and Tony Van Burgsteden; and
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Approving the Company's proposed shareholder rights plan (the “ Shareholder Rights Plan ”). The Shareholder Rights Plan can be viewed on the Company’s website or posted on SEDAR Plus.
Mr. Neil McMillan, Chairman of the Board, commented: "On behalf of the Company, I would like to thank shareholders for their participation and continuing support. We welcome Tony to the Board and look forward to his expertise and contributions to further help build MAX Power as a global leader in Natural Hydrogen exploration and development. I also welcome our CEO, Ran Narayanasamy, as Vice Chairman of the Board of Directors. We have a superb team, and we look forward to a very exciting and rewarding 2026.”
New Director
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.
MAX Power Mining Corp. April 20, 2026
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.
The Company also announces it has granted 200,000 stock options exercisable at $1.38 for a period of 5 years and 200,000 RSU’s (together the “grants”) to a director of the Company. The options and RSU’s may be subject to vesting requirements as determined by the Board. The grants are in accordance with the terms of the Company's current stock option plan.
Drilling Photo From Lawson, Genesis Trend (Nov. 2025)
==> picture [482 x 259] intentionally omitted <==
Recent Videos
Genesis Explained: Its “Salt Barrier” Advantage and Proximity to Demand = https://www.youtube.com/watch?v 3ytpHdve6S8
The Genesis Trend’s Industrial Corridor
https://youtube.com/shorts/IAgALH_s3mI
Lawson – Canada’s First Big Step into Natural Hydrogen
= https://www.youtube.com/watch?v lTTOwMxz_zo
MAX Power Leaps at Lawson
= https://www.youtube.com/watch?v Yr4Ha06__Eg
Watch the Drill in Action
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MAX Power Mining Corp. April 20, 2026
= https://www.youtube.com/watch?v eguNGAfdIek
– History in The Making at Lawson Video Immediately Ahead of Drill Rig Setup
= https://www.youtube.com/watch?v BNHazk9Sy4E
MAX Power Saskatchewan Natural Hydrogen Documentary Video
https://www.youtube.com/watch?v=TXGDtTUbJ2c
Stay Connected by Following Us On
X (formerly Twitter ): x.com/MaxPowerMining LinkedIn : linkedin.com/company/max-power-mining-corp Instagram : MAX Power Mining - Instagram YouTube : MAX Power Mining Corp. - YouTube and by joining our Telegram channel : t.me/MaxpowerMining
About MAX Power
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The Company’s Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface Natural Hydrogen system confirmed through deep drilling with data validated by three independent labs. MAX Power has built dominant district-scale land positions across 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. 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. MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
On behalf of the Board of Directors,
Ran Narayanasamy, CEO
MAX Power Mining Corp.
For further information, please contact:
Chad Levesque, Investor Relations
Ph: 1-306-981-4753 [email protected]
Media Contact
Sarah Mawji, Venture Strategies
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MAX Power Mining Corp. April 20, 2026
- Cautionary Statement Regarding Forward Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning, without limitation, statements relating to the use of proceeds of the Offering. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forwardlooking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.
Forward-looking information is based on management’s current expectations, estimates, projections, and assumptions, including, among other things, assumptions regarding the Company’s ability to execute its work programs as planned, the availability and performance of equipment and personnel, regulatory timelines and approvals, geological continuity and reservoir characteristics, market conditions, and access to sufficient capital on acceptable terms.
Forward-looking information is inherently subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information, including, without limitation: exploration, appraisal, and development risks; the ability to obtain and maintain required permits and regulatory approvals in a timely manner; availability and cost of equipment and qualified personnel; geological, geophysical, and technical uncertainties; fluctuations in commodity and energy market prices; general economic conditions; and the Company’s ability to secure additional financing on acceptable terms. There can be no assurance that the Company will complete its planned drilling or related programs as currently contemplated or within the anticipated timelines, or that any such programs, if completed, will be successful or result in commercial production. The Company’s properties are in the exploration stage, and no resources or reserves have been defined to date, nor is there any guarantee that resources or reserves will be defined in the future.
Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information in this news release is provided as of the date hereof, and the Company does not undertake any obligation to update or revise such information except in accordance with applicable securities laws. Additional information regarding risks and uncertainties applicable to the Company’s business is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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