Max Resource Announces Effective Date of Consolidation

Published on: October 18, 2019

Vancouver B.C., October 18, 2019 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D1) is pleased to confirm the effective date for the consolidation of one (1) post-consolidation share for every six (6) pre-consolidation shares, as announced on October 15, 2019.

Effective at the opening on Tuesday, October 22, 2019, the shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis. The name and trading symbol will remain the same.

Post-Consolidation Capitalization: Unlimited shares with no par value of which approximately 12,993,427 shares are issued and outstanding.

Transfer Agent: Computershare Trust Company of Canada

Trading Symbol: MXR

CUSIP Number: 57772U307 (new)

About Max Resource Corp.

Max is a mineral exploration company with an experienced and successful management team focused on advancing the development of its landholdings in the rich mineral belts of Colombia that represent significant potential for the discovery of important-scale mineral deposits that can attract major partners.

For more information visit: https://www.maxresource.com/

For additional information contact:

Max Resource Corp.

Tim McNulty

E: [email protected]

T: (604) 290-8100

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 the completion of the Consolidation, the issuance of the Debentures, and delays or uncertainties with regulatory approvals, including that of the Exchange. 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

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