Max Iron Brazil Ltd has Received In-Principle Advice on Suitability from the ASX to Advance Plans for Admission to the Official List of the ASX

Vancouver B.C., January 31, 2025, – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MAX; OTC: MXROF; Frankfurt: M1D2) is pleased to announce that, further to its news releases on December 12, 2024, January 2, 2025, January 7, 2025, January 9, 2025, and January 20, 2025, Max Iron Brazil Ltd. (“Max Brazil”), formerly a wholly-owned subsidiary of the Company, has received in-principle advice on suitability from ASX Limited (the “ASX”) to advance plans for admission to the official list of the Australian Securities Exchange. Max Brazil plans to lodge a Prospectus with the Australian Securities and Investments Commission in Q1 of 2025.

Max Brazil is conducting a non-broker Pre-IPO private placement (the “Pre-IPO”) of up to 30,000,000 Ordinary Shares (the “Ordinary Shares”) in the capital of Max Brazil at a price of AUD$0.10 per Ordinary Share for aggregate proceeds of up to AUD$3,000,000. As of January 20, 2025, Max Brazil has completed Pre-IPO aggregate amount of 25,000,000 Ordinary Shares for aggregate gross proceeds AUD$2,500,000