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| Mon May 1, 2006 Private Placement Completed for $747,750 | |
| MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has completed the first tranche of its previously announced non-brokered private placement of 1,400,00 units at $0.75 per unit. The first tranche is comprised of 997,000 units, for gross proceeds of $747,750. Each unit will consist of one common share and one non-transferable share purchase warrant exercisable for a two year period from closing. Each full warrant will entitle the holder to purchase one additional common share of MAX for $1.00 per share for a two year period from closing. The shares and any shares acquired on the exercise of warrants will be subject to a hold period expiring on August 28, 2006. A finder's fee of $27,877.52 was paid with respect to a portion of this placement. About MAX Resource Corp. MAX Resource Corp. is a Canadian mineral exploration company that identifies, acquires and finances advanced stage exploration projects. MAX is currently focused on the discovery of uranium, precious metals and base metals, with interests in properties in Alaska, Utah, New Mexico and the Northwest Territories of Canada. For more information, please visit our web site at www.maxresource.com. On behalf of the Board of Directors of MAX Resource Corp. "STUART ROGERS" Stuart Rogers President Contact: Leonard MacMillan, Corporate Communication Telephone: (800) 248-1872 or (604) 637-2140 info@maxresource.com www.maxresource.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward looking statements". Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause MAX's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. | |
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