{"success":true,"data":{"pressRelease":{"id":"167362","rtpr_id":"nGNX6WsgDJ-20261013","ticker":"MAXM","exchange":"","all_tickers":["MAXM"],"title":"Maxus Mining Completes Multi-Project VTEM Survey Across British Columbia Critical Minerals Portfolio","author":"Globe Newswire","published_at":"2026-10-13T11:30:00.905Z","article_body":"Airborne geophysical surveying completed across six (6) blocks at the Alturas,\nHurley, Quarry, and Lotto Projects\n\nVANCOUVER, British Columbia, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Maxus Mining\nInc. (“Maxus” or the “Company”) (CSE: MAXM | OTCQB: MXMGF | FRA: R7V)\nis pleased to announce the completion of its 2026 multi-project airborne\ngeophysical survey program (the “Program”) across the Company’s Alturas,\nHurley, Quarry, and Lotto Projects in British Columbia (collectively, the\n“Projects”).\n\nThe Program, completed by Geotech Ltd. (“Geotech”), was comprised of\nhelicopter-borne Versatile Time-Domain Electromagnetic (“VTEM”) and\nmagnetic surveying across six (6) survey blocks, including the Alturas West\nand East, Hurley West and East, Quarry, and Lotto Project areas. The Program\nwas designed to cover approximately 1,446 line-kilometres of airborne\nsurveying across the six (6) blocks.\n\nFinal processing of the survey datasets is underway, with the Company\nexpecting to receive the final data files in the coming weeks. The completed\ndatasets will be integrated with existing geological, geochemical, structural,\nand historical exploration information to support drill target generation and\nprioritization across the Projects.\n\n“Completing this extensive geophysical program represents an important\nmilestone in advancing our British Columbia exploration portfolio,” said\nScott Walters, Chief Executive Officer of Maxus Mining. “We now have modern\nairborne electromagnetic and magnetic coverage across four of our five\nprojects, providing our technical team with an important dataset for\nevaluating prospective structures and refining exploration targets. We look\nforward to receiving the final processed data and advancing the interpretation\nacross each Project.”\n\n2026 VTEM Survey Program\n\nThe VTEM Program was designed to improve the Company’s understanding of\nsubsurface geology across four (4) of its British Columbia exploration\nProjects by mapping variations in electromagnetic and magnetic response.\n\nSurveying was completed across:\n* Alturas Antimony Project – West and East Blocks\n* Hurley Antimony Project – West and East Blocks\n* Quarry Antimony Project\n* Lotto Tungsten Project\nGeotech utilized its helicopter-borne VTEM time-domain electromagnetic and\nmagnetic system. The resulting datasets significantly upgrade the resolution\nand quality of geophysical information on the Projects and provide key\ninformation regarding subsurface conductive features, geological contacts,\nstructures, and magnetic patterns that can be evaluated for metal enrichment\nalongside the Company’s existing exploration datasets.\n\nConvolutions Geoscience Corp. (“Convolutions”), led by Kyle Patterson,\nP.Geo., provided external quality-control review of the survey data during\nacquisition and is supporting the Company with geophysical interpretation and\ntargeting.\n\nFollowing receipt of the final processed datasets, Maxus intends to integrate\nthe geophysical results with available geological mapping, historical\nexploration data, surface sampling, and other project-specific datasets to\nrefine areas for follow-up exploration programs.\n\nPreliminary Alturas West Interpretation\n\nAs announced by the Company on September 15, 2026,(1) preliminary VTEM data\nfrom the Alturas West Project have already been incorporated into the\nCompany’s exploration program.\n\nFirst-pass interpretation and Maxwell plate modelling completed by\nConvolutions identified multiple fitted conductive responses distributed along\na corridor spanning more than nine hundred (900) metres of the mapped\nAlps-Alturas shear zone, including responses beneath or adjacent to the\nhistoric Alps-Alturas mine workings (Please see Figure 1).\n\nThe modelling provided additional constraints on the potential location and\ngeometry of conductive sources and was integrated with mapped geology,\nhistorical workings and structural measurements as part of the Company’s\n2026 drill-targeting process.\n\nThe Company cautions that the fitted Maxwell plates represent simplified and\nnon-unique models of possible conductive sources. The geological sources of\nthe conductive responses have not yet been confirmed, and geophysical\nresponses do not, on their own, establish the presence, grade, or continuity\nof mineralization.\n\nInterpretation of the Alturas West survey will continue to be refined\nfollowing receipt of the final processed survey dataset and integration with\nobservations from the recently completed 2026 drill program.\n\n\n\nFigure 1: Footprint of Maxwell plate modelling by Convolutions and Alturas\n2026 drill pad locations.\n\nNext Steps\n\nReceipt of the final processed VTEM and magnetic datasets will allow the\nCompany and Convolutions to advance Project-specific interpretation across the\nsurvey areas.\n\nThe Company intends to use these datasets as one component of its broader\nexploration targeting process, integrating geophysical responses with\ngeological, structural, geochemical, and historical exploration information\nwhere available. Priority areas identified through this work may be considered\nfor follow-up mapping, prospecting, sampling, additional geophysical\ninterpretation, and/or drill-target evaluation, as appropriate for each\nProject.\n\nMaxus expects to provide further updates as interpretation of the final\ndatasets progresses.\n\nCommunity Engagement\n\nMaxus recognizes that meaningful engagement with First Nations and local\ncommunities is an important component of responsible mineral exploration. The\nCompany remains committed to maintaining transparent communication, minimizing\nenvironmental disturbance, and building respectful long-term relationships as\nexploration activities progress.\n\nQualified Person Statement\n\nThe scientific and technical information contained in this news release has\nbeen reviewed, verified, and approved by Morgan Verge, P.Geo., VP Exploration\nof the Company and a “qualified person” as defined in NI 43-101 –\nStandards of Disclosure for Mineral Projects. Ms. Verge has examined\ninformation regarding the historical exploration at the Projects, which\nincludes a review of the historical sampling, analytical, and procedures\nunderlying the information and opinions contained herein.\n\nManagement cautions that historical results collected and reported by\noperators unrelated to Maxus have not been verified nor confirmed by its\nQualified Person; however, the historical results create a scientific basis\nfor ongoing work at the Projects. Management further cautions that historical\nresults, discoveries and published resource estimates on adjacent or nearby\nmineral properties, whether in stated current resource estimates or historical\nresource estimates, are not necessarily indicative of the results that may be\nachieved on the Projects.\n\nAbout Maxus Mining Inc.\n\nMaxus Mining Inc. (CSE: MAXM | OTCQB: MXMGF | FRA: R7V) is a mineral\nexploration company focused on locating, acquiring, and, if warranted,\nadvancing economic mineral properties in premier jurisdictions. The Company is\nactively progressing its diversified portfolio totaling approximately 16,490\nhectares of prospective terrain across British Columbia, Canada.\n\nThe Portfolio includes 9,492 hectares across three antimony projects, anchored\nby the Flagship Alturas Antimony Project, where a recent discovery returned\nhigh-grade naturally occurring antimony up to 69.98% Sb(¶). The Hurley\nAntimony Project, located adjacent to Endurance Gold Corp.’s Reliance Gold\nProject, where 2024 drilling reported 19.2% Sb and 2.16 g/t Au over 0.5\nm(‖), and the Quarry Antimony Project, which hosts historical polymetallic\nsamples grading 0.89 g/t Au, 3.8% Cu, 0.34% Zn, 42.5% Pb, 0.65 g/t Ag, and 20%\nSb(‡).\n\nMaxus’ portfolio further includes the 3,875-hectare Lotto Tungsten Project,\nwhere a selected 1980 grab sample from a scheelite-bearing quartz vein assayed\n10.97% WO₃(§), and the 3,123-hectare Penny Copper Project, which has over\n100 years of recorded exploration. Recent work programs at Penny included rock\nsampling and geological mapping(†), with 2017 sampling returning copper\nvalues of 1046 ppm Cu (TK17-149c), 1808 ppm Cu (TK17-28), and 2388 ppm Cu\n(TK17-12)(†). The Project is strategically located near the historic\nSullivan Mine at Kimberley, British Columbia, an area that continues to\nattract significant exploration activity.\n\nMaxus Mining is committed to advancing its British Columbia projects through\ntargeted exploration programs designed to unlock value across multiple\ncritical mineral systems.\n\nReferences\n\n(1 Maxus Mining News Release, September 15, 2026 - Maxus Mining Refines\nAlturas West Drill Targets with VTEM Interpretation and Maxwell Plate\nModelling Link)\n\n(¶ Equinox Resources – November 8, 2024, ‘Ultra High Grade Naturally\nOccurring Antimony at Alturas Project with Assays up to 69.98% Sb’ – Link)\n\n(‖ Endurance Summarizes Antimony Results From The Reliance Gold Project, BC\n– Best Intervals Include 19.2% Antimony And 2.16 ppm Au Over 0.5 m In 2024\nDrilling – February 24, 2025 – Link)\n\n(‡ Open File 1992-11, Map Number 10.)\n\n(§ MILFILE No: 082FSW228 – Loto 3, 1980 Grab Sample Link)\n\n(† NI 43-101 – Technical Report on the Penny Property British Columbia,\nNTS 82G/12 49° 55° North Latitude -115° 90° West Longitude, Derrick\nStrickland P.Geo., August 14, 2024.)\n\nOn Behalf of the Board of Directors\n\nScott Walters\nChief Executive Officer, Director\n+1 (778) 374-9699\ninfo@maxusmining.com\n\nDisclaimer for Forward-Looking Information\n\nThis news release includes certain “Forward-Looking Statements” within the\nmeaning of the United States Private Securities Litigation Reform Act of 1995\nand “forward-looking information” under applicable Canadian securities\nlaws. When used in this news release, the words “anticipate”,\n“believe”, “estimate”, “expect”, “target”, “plan”,\n“forecast”, “may”, “would”, “could”, “schedule” and\nsimilar words or expressions, identify forward-looking statements or\ninformation.\n\nForward-looking statements and forward-looking information relating to any\nfuture mineral production, liquidity, enhanced value and capital markets\nprofile of Maxus’, future growth potential for Maxus and its business, and\nfuture exploration plans are based on management’s reasonable assumptions,\nestimates, expectations, analyses and opinions, which are based on\nmanagement’s experience and perception of trends, current conditions and\nexpected developments, and other factors that management believes are relevant\nand reasonable in the circumstances, but which may prove to be incorrect.\nAssumptions have been made regarding, among other things, the price of copper,\ngold, tungsten, antimony and other metals; costs of exploration and\ndevelopment; the estimated costs of development of exploration projects;\nMaxus’ ability to operate in a safe and effective manner and its ability to\nobtain financing on reasonable terms.\n\nThis news release contains “forward-looking information” within the\nmeaning of the Canadian securities laws. Statements, other than statements of\nhistorical fact, may constitute forward looking information and include,\nwithout limitation, statements with respect to the Projects and their\nmineralization potential; the Company’s objectives, goals, or future plans\nwith respect to the Projects; further exploration work on the Projects in the\nfuture; the expected benefits of completing the Program; completion of the\nProgram; the commencement of drilling or exploration programs in the future.\nWith respect to the forward-looking information contained in this news\nrelease, the Company has made numerous assumptions regarding, among other\nthings, the geological, metallurgical, engineering, financial and economic\nadvice that the Company has received is reliable and are based upon practices\nand methodologies which are consistent with industry standards. While the\nCompany considers these assumptions to be reasonable, these assumptions are\ninherently subject to significant uncertainties and contingencies.\nAdditionally, there are known and unknown risk factors which could cause the\nCompany’s actual results, performance or achievements to be materially\ndifferent from any future results, performance or achievements expressed or\nimplied by the forward-looking information contained herein. Known risk\nfactors include, among others: fluctuations in commodity prices and currency\nexchange rates; uncertainties relating to interpretation of exploration and\ndrilling results and the geology, continuity and grade of copper, gold,\ntungsten, antimony and other metal deposits; uncertainty of estimates of\ncapital and operating costs, recovery rates, production estimates and\nestimated economic return; the need for cooperation of government agencies in\nthe exploration and development of properties and the issuance of required\npermits; the need to obtain additional financing to develop properties and\nuncertainty as to the availability and terms of future financing; the\npossibility of delay in exploration or development programs or in construction\nprojects and uncertainty of meeting anticipated program milestones;\nuncertainty as to timely availability of permits and other governmental\napprovals; increased costs and restrictions on operations due to compliance\nwith environmental and other requirements; increased costs affecting the\nmetals industry and increased competition in the metals industry for\nproperties, qualified personnel, and management. All forward-looking\ninformation herein is qualified in its entirety by this cautionary statement,\nand the Company disclaims any obligation to revise or update any such\nforward-looking information or to publicly announce the result of any\nrevisions to any of the forward-looking information contained herein to\nreflect future results, events or developments, except as required by law.\n\nThe Canadian Securities Exchange (CSE) does not accept responsibility for the\nadequacy or accuracy of this release.\n\nA photo accompanying this announcement is available\nat https://www.globenewswire.com/NewsRoom/AttachmentNg/de3a4fa4-4b23-4a51-a020-56a720b7fa34\n\n\n\n \nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/de3a4fa4-4b23-4a51-a020-56a720b7fa34/en)\nFootprint of Maxwell plate modelling by Convolutions and Alturas 2026 drill\npad locations.\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6WsgDJ-20261013","title":"Maxus Mining Completes Multi-Project VTEM Survey Across British Columbia Critical Minerals Portfolio","author":"Globe Newswire","ticker":"MAXM","created":"2026-10-13T11:30:00.905Z","tickers":["MAXM"],"exchange":"","article_body":"Airborne geophysical surveying completed across six (6) blocks at the Alturas,\nHurley, Quarry, and Lotto Projects\n\nVANCOUVER, British Columbia, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Maxus Mining\nInc. (“Maxus” or the “Company”) (CSE: MAXM | OTCQB: MXMGF | FRA: R7V)\nis pleased to announce the completion of its 2026 multi-project airborne\ngeophysical survey program (the “Program”) across the Company’s Alturas,\nHurley, Quarry, and Lotto Projects in British Columbia (collectively, the\n“Projects”).\n\nThe Program, completed by Geotech Ltd. (“Geotech”), was comprised of\nhelicopter-borne Versatile Time-Domain Electromagnetic (“VTEM”) and\nmagnetic surveying across six (6) survey blocks, including the Alturas West\nand East, Hurley West and East, Quarry, and Lotto Project areas. The Program\nwas designed to cover approximately 1,446 line-kilometres of airborne\nsurveying across the six (6) blocks.\n\nFinal processing of the survey datasets is underway, with the Company\nexpecting to receive the final data files in the coming weeks. The completed\ndatasets will be integrated with existing geological, geochemical, structural,\nand historical exploration information to support drill target generation and\nprioritization across the Projects.\n\n“Completing this extensive geophysical program represents an important\nmilestone in advancing our British Columbia exploration portfolio,” said\nScott Walters, Chief Executive Officer of Maxus Mining. “We now have modern\nairborne electromagnetic and magnetic coverage across four of our five\nprojects, providing our technical team with an important dataset for\nevaluating prospective structures and refining exploration targets. We look\nforward to receiving the final processed data and advancing the interpretation\nacross each Project.”\n\n2026 VTEM Survey Program\n\nThe VTEM Program was designed to improve the Company’s understanding of\nsubsurface geology across four (4) of its British Columbia exploration\nProjects by mapping variations in electromagnetic and magnetic response.\n\nSurveying was completed across:\n* Alturas Antimony Project – West and East Blocks\n* Hurley Antimony Project – West and East Blocks\n* Quarry Antimony Project\n* Lotto Tungsten Project\nGeotech utilized its helicopter-borne VTEM time-domain electromagnetic and\nmagnetic system. The resulting datasets significantly upgrade the resolution\nand quality of geophysical information on the Projects and provide key\ninformation regarding subsurface conductive features, geological contacts,\nstructures, and magnetic patterns that can be evaluated for metal enrichment\nalongside the Company’s existing exploration datasets.\n\nConvolutions Geoscience Corp. (“Convolutions”), led by Kyle Patterson,\nP.Geo., provided external quality-control review of the survey data during\nacquisition and is supporting the Company with geophysical interpretation and\ntargeting.\n\nFollowing receipt of the final processed datasets, Maxus intends to integrate\nthe geophysical results with available geological mapping, historical\nexploration data, surface sampling, and other project-specific datasets to\nrefine areas for follow-up exploration programs.\n\nPreliminary Alturas West Interpretation\n\nAs announced by the Company on September 15, 2026,(1) preliminary VTEM data\nfrom the Alturas West Project have already been incorporated into the\nCompany’s exploration program.\n\nFirst-pass interpretation and Maxwell plate modelling completed by\nConvolutions identified multiple fitted conductive responses distributed along\na corridor spanning more than nine hundred (900) metres of the mapped\nAlps-Alturas shear zone, including responses beneath or adjacent to the\nhistoric Alps-Alturas mine workings (Please see Figure 1).\n\nThe modelling provided additional constraints on the potential location and\ngeometry of conductive sources and was integrated with mapped geology,\nhistorical workings and structural measurements as part of the Company’s\n2026 drill-targeting process.\n\nThe Company cautions that the fitted Maxwell plates represent simplified and\nnon-unique models of possible conductive sources. The geological sources of\nthe conductive responses have not yet been confirmed, and geophysical\nresponses do not, on their own, establish the presence, grade, or continuity\nof mineralization.\n\nInterpretation of the Alturas West survey will continue to be refined\nfollowing receipt of the final processed survey dataset and integration with\nobservations from the recently completed 2026 drill program.\n\n\n\nFigure 1: Footprint of Maxwell plate modelling by Convolutions and Alturas\n2026 drill pad locations.\n\nNext Steps\n\nReceipt of the final processed VTEM and magnetic datasets will allow the\nCompany and Convolutions to advance Project-specific interpretation across the\nsurvey areas.\n\nThe Company intends to use these datasets as one component of its broader\nexploration targeting process, integrating geophysical responses with\ngeological, structural, geochemical, and historical exploration information\nwhere available. Priority areas identified through this work may be considered\nfor follow-up mapping, prospecting, sampling, additional geophysical\ninterpretation, and/or drill-target evaluation, as appropriate for each\nProject.\n\nMaxus expects to provide further updates as interpretation of the final\ndatasets progresses.\n\nCommunity Engagement\n\nMaxus recognizes that meaningful engagement with First Nations and local\ncommunities is an important component of responsible mineral exploration. The\nCompany remains committed to maintaining transparent communication, minimizing\nenvironmental disturbance, and building respectful long-term relationships as\nexploration activities progress.\n\nQualified Person Statement\n\nThe scientific and technical information contained in this news release has\nbeen reviewed, verified, and approved by Morgan Verge, P.Geo., VP Exploration\nof the Company and a “qualified person” as defined in NI 43-101 –\nStandards of Disclosure for Mineral Projects. Ms. Verge has examined\ninformation regarding the historical exploration at the Projects, which\nincludes a review of the historical sampling, analytical, and procedures\nunderlying the information and opinions contained herein.\n\nManagement cautions that historical results collected and reported by\noperators unrelated to Maxus have not been verified nor confirmed by its\nQualified Person; however, the historical results create a scientific basis\nfor ongoing work at the Projects. Management further cautions that historical\nresults, discoveries and published resource estimates on adjacent or nearby\nmineral properties, whether in stated current resource estimates or historical\nresource estimates, are not necessarily indicative of the results that may be\nachieved on the Projects.\n\nAbout Maxus Mining Inc.\n\nMaxus Mining Inc. (CSE: MAXM | OTCQB: MXMGF | FRA: R7V) is a mineral\nexploration company focused on locating, acquiring, and, if warranted,\nadvancing economic mineral properties in premier jurisdictions. The Company is\nactively progressing its diversified portfolio totaling approximately 16,490\nhectares of prospective terrain across British Columbia, Canada.\n\nThe Portfolio includes 9,492 hectares across three antimony projects, anchored\nby the Flagship Alturas Antimony Project, where a recent discovery returned\nhigh-grade naturally occurring antimony up to 69.98% Sb(¶). The Hurley\nAntimony Project, located adjacent to Endurance Gold Corp.’s Reliance Gold\nProject, where 2024 drilling reported 19.2% Sb and 2.16 g/t Au over 0.5\nm(‖), and the Quarry Antimony Project, which hosts historical polymetallic\nsamples grading 0.89 g/t Au, 3.8% Cu, 0.34% Zn, 42.5% Pb, 0.65 g/t Ag, and 20%\nSb(‡).\n\nMaxus’ portfolio further includes the 3,875-hectare Lotto Tungsten Project,\nwhere a selected 1980 grab sample from a scheelite-bearing quartz vein assayed\n10.97% WO₃(§), and the 3,123-hectare Penny Copper Project, which has over\n100 years of recorded exploration. Recent work programs at Penny included rock\nsampling and geological mapping(†), with 2017 sampling returning copper\nvalues of 1046 ppm Cu (TK17-149c), 1808 ppm Cu (TK17-28), and 2388 ppm Cu\n(TK17-12)(†). The Project is strategically located near the historic\nSullivan Mine at Kimberley, British Columbia, an area that continues to\nattract significant exploration activity.\n\nMaxus Mining is committed to advancing its British Columbia projects through\ntargeted exploration programs designed to unlock value across multiple\ncritical mineral systems.\n\nReferences\n\n(1 Maxus Mining News Release, September 15, 2026 - Maxus Mining Refines\nAlturas West Drill Targets with VTEM Interpretation and Maxwell Plate\nModelling Link)\n\n(¶ Equinox Resources – November 8, 2024, ‘Ultra High Grade Naturally\nOccurring Antimony at Alturas Project with Assays up to 69.98% Sb’ – Link)\n\n(‖ Endurance Summarizes Antimony Results From The Reliance Gold Project, BC\n– Best Intervals Include 19.2% Antimony And 2.16 ppm Au Over 0.5 m In 2024\nDrilling – February 24, 2025 – Link)\n\n(‡ Open File 1992-11, Map Number 10.)\n\n(§ MILFILE No: 082FSW228 – Loto 3, 1980 Grab Sample Link)\n\n(† NI 43-101 – Technical Report on the Penny Property British Columbia,\nNTS 82G/12 49° 55° North Latitude -115° 90° West Longitude, Derrick\nStrickland P.Geo., August 14, 2024.)\n\nOn Behalf of the Board of Directors\n\nScott Walters\nChief Executive Officer, Director\n+1 (778) 374-9699\ninfo@maxusmining.com\n\nDisclaimer for Forward-Looking Information\n\nThis news release includes certain “Forward-Looking Statements” within the\nmeaning of the United States Private Securities Litigation Reform Act of 1995\nand “forward-looking information” under applicable Canadian securities\nlaws. When used in this news release, the words “anticipate”,\n“believe”, “estimate”, “expect”, “target”, “plan”,\n“forecast”, “may”, “would”, “could”, “schedule” and\nsimilar words or expressions, identify forward-looking statements or\ninformation.\n\nForward-looking statements and forward-looking information relating to any\nfuture mineral production, liquidity, enhanced value and capital markets\nprofile of Maxus’, future growth potential for Maxus and its business, and\nfuture exploration plans are based on management’s reasonable assumptions,\nestimates, expectations, analyses and opinions, which are based on\nmanagement’s experience and perception of trends, current conditions and\nexpected developments, and other factors that management believes are relevant\nand reasonable in the circumstances, but which may prove to be incorrect.\nAssumptions have been made regarding, among other things, the price of copper,\ngold, tungsten, antimony and other metals; costs of exploration and\ndevelopment; the estimated costs of development of exploration projects;\nMaxus’ ability to operate in a safe and effective manner and its ability to\nobtain financing on reasonable terms.\n\nThis news release contains “forward-looking information” within the\nmeaning of the Canadian securities laws. Statements, other than statements of\nhistorical fact, may constitute forward looking information and include,\nwithout limitation, statements with respect to the Projects and their\nmineralization potential; the Company’s objectives, goals, or future plans\nwith respect to the Projects; further exploration work on the Projects in the\nfuture; the expected benefits of completing the Program; completion of the\nProgram; the commencement of drilling or exploration programs in the future.\nWith respect to the forward-looking information contained in this news\nrelease, the Company has made numerous assumptions regarding, among other\nthings, the geological, metallurgical, engineering, financial and economic\nadvice that the Company has received is reliable and are based upon practices\nand methodologies which are consistent with industry standards. While the\nCompany considers these assumptions to be reasonable, these assumptions are\ninherently subject to significant uncertainties and contingencies.\nAdditionally, there are known and unknown risk factors which could cause the\nCompany’s actual results, performance or achievements to be materially\ndifferent from any future results, performance or achievements expressed or\nimplied by the forward-looking information contained herein. Known risk\nfactors include, among others: fluctuations in commodity prices and currency\nexchange rates; uncertainties relating to interpretation of exploration and\ndrilling results and the geology, continuity and grade of copper, gold,\ntungsten, antimony and other metal deposits; uncertainty of estimates of\ncapital and operating costs, recovery rates, production estimates and\nestimated economic return; the need for cooperation of government agencies in\nthe exploration and development of properties and the issuance of required\npermits; the need to obtain additional financing to develop properties and\nuncertainty as to the availability and terms of future financing; the\npossibility of delay in exploration or development programs or in construction\nprojects and uncertainty of meeting anticipated program milestones;\nuncertainty as to timely availability of permits and other governmental\napprovals; increased costs and restrictions on operations due to compliance\nwith environmental and other requirements; increased costs affecting the\nmetals industry and increased competition in the metals industry for\nproperties, qualified personnel, and management. All forward-looking\ninformation herein is qualified in its entirety by this cautionary statement,\nand the Company disclaims any obligation to revise or update any such\nforward-looking information or to publicly announce the result of any\nrevisions to any of the forward-looking information contained herein to\nreflect future results, events or developments, except as required by law.\n\nThe Canadian Securities Exchange (CSE) does not accept responsibility for the\nadequacy or accuracy of this release.\n\nA photo accompanying this announcement is available\nat https://www.globenewswire.com/NewsRoom/AttachmentNg/de3a4fa4-4b23-4a51-a020-56a720b7fa34\n\n\n\n \nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/de3a4fa4-4b23-4a51-a020-56a720b7fa34/en)\nFootprint of Maxwell plate modelling by Convolutions and Alturas 2026 drill\npad locations.\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-13T11:30:00.963568846Z","server_sent_at_ms":1791891000963},"received_at":"2026-10-13T11:30:01.016Z","source_url":null},"analysis":{"id":"155670","press_release_id":"167362","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["geophysical conductors are unconfirmed; sources of responses not yet verified","no timeline or budget disclosed for follow-up drilling; further financing likely required"],"eventType":"operations_update","narrative":"Maxus Mining completed its 2026 airborne VTEM and magnetic survey program across six blocks at the Alturas, Hurley, Quarry, and Lotto projects in British Columbia, covering roughly 1,446 line-kilometres.\n\nFinal processed datasets are expected in the coming weeks and will be integrated with geological and historical data for drill-target generation.\n\nPreliminary Alturas West modelling identified multiple conductive responses along more than 900 metres of the Alps-Alturas shear zone, though the company cautions these are non-unique models and do not confirm mineralization.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine survey-completion update; watch for final VTEM data and drill targets in coming weeks."},"keyFigures":{"customDimensions":{"survey_blocks":6,"survey_line_km":1446,"portfolio_hectares":16490}},"quotedText":"Completing this extensive geophysical program represents an important milestone in advancing our British Columbia exploration portfolio","namedEntities":{"people":[{"name":"Scott Walters","role":"CEO"},{"name":"Kyle Patterson, P.Geo.","role":"Convolutions Geoscience QC/interpretation lead"},{"name":"Morgan Verge, P.Geo.","role":"VP Exploration, Qualified Person"}],"products":["Alturas Antimony Project","Hurley Antimony Project","Quarry Antimony Project","Lotto Tungsten Project","Penny Copper Project"],"companies":[{"name":"Maxus Mining Inc.","ticker":"MAXM","relationship":"filer"},{"name":"Geotech Ltd.","relationship":"survey contractor"},{"name":"Convolutions Geoscience Corp.","relationship":"geophysical consultant"},{"name":"Endurance Gold Corp.","relationship":"adjacent property operator"},{"name":"Equinox Resources","relationship":"prior Alturas operator/reference"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"Routine exploration milestone: completion of an airborne geophysical survey with final data still pending. No assays, no resource update, no financing event; typical for a micro-cap explorer."},"tickerRelevance":{"others":[],"primary":"MAXM"},"globalImportance":8,"audienceRelevance":5,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"routine-exploration-update","sectorWeight":"critical-minerals-antimony","issuerAuthored":true}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Maxus Mining completed its 2026 airborne VTEM and magnetic survey program across six blocks at the Alturas, Hurley, Quarry, and Lotto projects in British Columbia, covering roughly 1,446 line-kilometres.\n\nFinal processed datasets are expected in the coming weeks and will be integrated with geological and historical data for drill-target generation.\n\nPreliminary Alturas West modelling identified multiple conductive responses along more than 900 metres of the Alps-Alturas shear zone, though the company cautions these are non-unique models and do not confirm mineralization.","key_figures":{"customDimensions":{"survey_blocks":6,"survey_line_km":1446,"portfolio_hectares":16490}},"named_entities":{"people":[{"name":"Scott Walters","role":"CEO"},{"name":"Kyle Patterson, P.Geo.","role":"Convolutions Geoscience QC/interpretation lead"},{"name":"Morgan Verge, P.Geo.","role":"VP Exploration, Qualified Person"}],"products":["Alturas Antimony Project","Hurley Antimony Project","Quarry Antimony Project","Lotto Tungsten Project","Penny Copper Project"],"companies":[{"name":"Maxus Mining Inc.","ticker":"MAXM","relationship":"filer"},{"name":"Geotech Ltd.","relationship":"survey contractor"},{"name":"Convolutions Geoscience Corp.","relationship":"geophysical consultant"},{"name":"Endurance Gold Corp.","relationship":"adjacent property operator"},{"name":"Equinox Resources","relationship":"prior Alturas operator/reference"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T11:30:20.582Z","global_importance":8,"audience_relevance":5,"importance_components":{"tickerTier":"micro-cap","eventGravity":"routine-exploration-update","sectorWeight":"critical-minerals-antimony","issuerAuthored":true}},"durationMs":9943,"modelName":"glm-5.3-flashx"}}