Max Power Mining Corp. (CNSX:MAXX) agreed to acquire Three mineral exploration permits from Ares Strategic Mining Inc. (CNSX:ARS) for $0.25 million on April 28, 2023. Consideration includes 0.5 million common shares of the Company and 0.04 million cash.

Furthermore, the Agreement stipulates that the Vendor will not sell more than 250,000 of its Consideration Shares within six months from the closing date. . In relation to the acquisition of Block 1 (three mineral exploration permits totalling 1,435 acres), the Company has paid a finder’s fee of 500,000 common shares to an arm's length party, and in relation to Block 2 and 3 the Company has paid a finder’s fee of 1,500,000 common shares to a separate arm's length party for their contributions in securing three mineral exploration permits (state land) in the eastern Playa and 82 Bureau of Land Management claims (totalling 2,320 acres) in the southern and northwestern part of the Willcox Playa.

All common shares issued in connection with the Agreement and finder fees are subject to a four-month hold period under applicable Canadian securities laws. All terms are subject to the approval of the Canadian Securities Exchange.