MAX RESOURCE CORP. provided an update on its inaugural drilling program at URU-C and URU-C located within the 20-km-long URU District. Eight holes from four drill pads for a total of 1,421m of drilling have been completed to date on the URU-C zone.

Drill hole lengths ranged from 53m to 382m. Max reported that visible chalcocite and malachite have been observed in the URU-C diamond core. Assays are pending and due early December.

The drill rig is now moving to the URU-CE zone, located 750m east of URU-C, with diamond drilling expected to continue through to mid-December, 2022. CESAR Copper-Silver project lies along the copper-silver rich 200-kilometre-long Cesar Basin in Northeastern Colombia. This region provides access to major infrastructure resulting from oil & gas and mining operations, including Cerrejón, the largest coal mine in South America, held by global miner Glencore.

Max's twenty-one mining concessions collectively expanse over 188-km². Max is proactive, with the corporate goal of transitioning the Cesar basin towards the mining of copper, the key metal for the Colombia's transition to clean energy. The Company has granted an aggregate of 4,000,000 performance share units (the "PSUs") to offices and directors of the Company.

The PSUs are governed by the Company's Omnibus Equity Incentive Compensation Plan, approved by the shareholders at the Company's annual general meeting held on October 11, 2022.