Maxus Mining Announces Completion of MobileMT Interpretation on the Penny Project, Outlining Multiple High-Priority Copper Exploration Targets

VANCOUVER, British Columbia, June 09, 2026 (GLOBE NEWSWIRE) -- Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | OTCQB: MXMGF | FRA: R7V) is pleased to announce the completion of an advanced geophysical interpretation (the “Interpretation”) by Convolutions Geoscience Corporation (“Convolutions”) on the airborne Mobile Magnetotelluric (“MobileMT” or “MMT”) survey at the Company’s 100%-owned Penny Project (“Penny” or the “Project”). The Interpretation outlines multiple conductive and structural target areas across the Project, including features that appear to be spatially associated with the Palmer Bar Fault corridor, related cross-cutting structures and known copper occurrences. Maxus intends to integrate the Interpretation with recent geological mapping, soil and rock geochemistry, and historical exploration datasets to prioritize follow-up exploration targets at Penny. The Project is located near Cranbrook, British Columbia, within the prolific Belt-Purcell Basin, which is host to numerous sediment-hosted base metal deposits including the historic Sullivan Mine.1