Vancouver B.C., December 21, 2020 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D2) is pleased to report historic drill core has been secured for the RT Gold project in Peru. Sixteen hundred metres of diamond drilling was completed on the Tablon gold-bearing massive sulfide in 2001.

Highlight gold-rich drill intersections (refer to Figure 2, Tables 1 and 2):
•18.8 g/t gold over 16-metres from 35-metres (RT-29)
•13.0 g/t gold over 3-metres from 33-metre (RT-25)
•8.8 g/t gold over 25-metres from 13-metres (RT-13)
•7.0 g/t gold over 6-metres from 0-metres (RT-26)
•5.3 g/t gold over 17-metres from 12-metres (RT-11)
•5.0 g/t gold over 9-metres from 2-metres (RT-21)
•4.9 g/t gold over 14-metres from 41-metres (RT-22)
•3.1 g/t gold over 21-metres from 9-metres (RT-6)

Source: NI 43:101 Geological Report Rio Tabaconas Gold Project for Golden Alliance Resources Corp. by George Sivertz, Oct.3, 2011. Intervals are core lengths not true widths, which are unknown at this time.

“Management believes results like these are exceptional and rare. Whilst exploration is still at an early stage, the high-grades and thicknesses at shallow depths is remarkable,” commented Max CEO, Brett Matich.

“Expansion potential for Tablon is significant, and re-analysis of the historic core will guide selection of high priority drill targets,” he continued.

RT Gold, consisting of two contiguous mineral concessions located 760-km northwest of Lima, sits along the Condor mountain chain of northern Peru, within the Cajamarca metallogenic belt. This geological belt extends from central Peru into southern Ecuador, hosting a number of world-class gold deposits. The Company has exclusive rights to earn 100% of RT Gold. (refer to Figure 1).

The RT Gold project contains two distinct and significant mineralized systems: Cerro, a high-grade gold-bearing porphyry zone 2.0-km by 1.5-km; and Tablon, lying 3-km to the north west, a high-grade gold-bearing massive sulfide zone 1.5-km by 1.0-km.

The 2001 drilling of the Tablon zone consisted of 33 holes, ranging from 10.4 to 132.5-metres in length, and dipping from -45o to vertical, over a 400 by 200-metre area. High-grade gold values ranged from 3.1 to 118.1 g/t gold over core lengths ranging from 2.2 to 36.1-metres. In addition, hole RT-29 returned a metallics re-assay value of 186 g/t gold over 2.2-metres, indicating the presence of coarse gold.

Although multi-element analyses were completed on the drill core, only gold assays are available to the Company. Re-assaying will include the full multi-element suite with the objective of delineating high priority drilling targets.

“In addition, exploration is advancing vigorously at the CESAR copper-silver project, where we anticipate initial results from the analysis of the recently obtained historic drill core early in the new year,” Max CEO concluded.

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