Powermax Minerals Commences Airborne Geophysical Surveys and Field Exploration Programs at Pinard and Hopkins REE Properties, Ontario

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Toronto, Ontario--(Newsfile Corp. - June 16, 2026) - Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) (the "Company" or "Powermax") is pleased to announce the commencement of high-resolution helicopter-borne geophysical surveys and field exploration programs at its Pinard and Hopkins rare earth element ("REE") properties, located in Ontario. The airborne surveys are being completed by Geo Data Solutions GDS Inc. ("GDS") and are designed to collect high-resolution magnetic, r