Vancouver, British Columbia - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ('Max' or the 'Company') is pleased to report the commencement of the very first drill program at URU-C and URU-CE lying along the 20-km-long URU District, within the Company's wholly-owned 90-km-long CESAR copper-silver project in Northeastern Colombia (refer to Figure 3).

The inaugural drill program at URU-C and URU-CE consists of at least 2,000m of drilling on 4 pads with 8 drill holes testing to a maximum depth of 350m. This is the first ever drilling program within the URU 20-km-long copper-silver District (refer to Figures/Videos 1, 4, 5 and 6).

A second phase drilling program will immediately follow and continue through to year-end.

Highlights

Drilling is currently underway at URU-C and URU-CE targeting down dip continuity, while identifying the broader large-scale potential of this copper-silver mineralized system

Multiple geophysical targets within the URU-C and URU-CE zones will also be drill tested

Max anticipates mineralized intervals will be released prior to assays, as the chalcocite copper mineralization is distinctly visual as veinlets, stockworks and breccias (refer to Figure 2)

URU-C and URU-CE Drill Target Delineation

Max has extended the Ground Magnetometry (TMI) survey to 20-line-km over the northern extension

Representative rock and soil sampling will be carried out along all IP and TMI lines (20-line-km) and along the northern extensions to delineate new drill targets (refer to Figure 6)

In addition, a magneto telluric (MT) survey is also planned to complement historic seismic data available for the Cesar basin.

'This inaugural drill program at URU will provide the first peek at the geology, the continuity and broad extent of the copper-silver mineralization at depth, for both URU-C and URU-CE discoveries. Follow-up drilling will target mineralization along strike and newly defined geophysical targets,' commented Max CEO, Brett Matich.

'To gauge the enormity of the URU District, Max's drilling is currently targeting a significant 1-km of strike of the URU 20-km-long surface copper-silver mineralized system,' he continued.

'In addition, Max's $20 million treasury allows the Company to continue its aggressive exploration and geophysical programs well into 2023 and highlight the immense district scale potential of its CESAR copper-silver project,' he concluded.

First URU-Central discovery (URU-C) returned chip channel widths of 9.0m @ 8.0% copper + 115 g/t silver (new results) and 16.8m @ 8.3% copper + 146 g/t silver at the lower of the prospect. The upper level of URU-C (+190m vertically above and +290m along strike) returned 4.9% copper + 41 g/t silver along a 52m ridgeline, true width is yet to be determined.

The second discovery, URU-CE is located 750m to the east of URU-C and 373m vertically above URU-C chip channels that returned 9.0m @ 7.0% copper + 115 g/t silver and 16.8m @ 8.3% copper + 146 g/t silver. URU-C consists of substantial sized outcrops with visible copper mineralization trending for over 250m of strike and open in all directions. Continuous channel sampling at URU-CE returned 19.4m @ 1.3% copper + 2.5 g/t silver to be drill tested

About Max Resource Corp.

Max Resource Corp. (TSXV: MAX) is a mineral exploration company advancing the newly discovered district-scale CESAR copper-silver project. The wholly owned CESAR project sits along the Colombian portion of the world's largest producing copper belt (Andean belt), with world class infrastructure and the presence of global majors (Glencore and Chevron).

In addition, Max controls the RT Gold project (100% earn-in) in Peru, encompassing a bulk tonnage primary gold porphyry zone, and 3-km to the NW, a gold bearing massive sulphide zone. Historic drilling in 2001, returned values ranging 3.1 to 118.1 g/t gold over core lengths ranging from 2.2 to 36.0-metres.

The safety of our people and the communities where we operate is most important. We conduct exploration in a manner which supports protection of ecosystems through responsible environmental stewardship.

Source: NI 43:101 Geological Report Rio Tabaconas Gold Project for Golden Alliance Resources Corp. by George Sivertz, Oct.3, 2011

Contact:

Tim McNulty

E: info@maxresource.com

T: (604) 290-8100

Rahim Lakha

E: E. rahim@bluesailcapital.com

The Venture 50 ranking is provided by TSX Venture Exchange Inc. ('TSXV') for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of this information and are not responsible for any errors or omissions in or any use of, or reliance on, this information. The Venture 50 program is not an invitation to purchase securities listed on TSX Venture Exchange. TSXV and its affiliates do not endorse or recommend any of the referenced securities or issuers, and this information should not be construed as providing any trading, legal, accounting, tax, investment, business, financial or other advice and should not be relied on for such purposes'

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Except for statements of historic fact, this news release contains certain 'forward-looking information' within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.

(C) 2022 Electronic News Publishing, source ENP Newswire