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MAX Reports 1,000 Feet of 0.058% MoS(2) in Third Drill Hole at Gold Hill Molybdenum Project

Posted on: Wednesday, 17 October 2007, 18:00 CDT

VANCOUVER, Oct. 17 /PRNewswire-FirstCall/ -- MAX Resource Corp (TSX.V: MXR; OTC BB: MXROF) has received assays from a further two diamond drill holes on the Gold Hill Molybdenum Property in Alaska. Drill hole DH-07-03 returned 0.058% MoS(2) over a core length of 1,000 feet, which included a higher grade intercept of 0.18% MoS(2) (0.107% Mo) over 45 feet. Anomalous and dispersed values in copper were also reported. Copper mineralization occurs in core as chalcopyrite. These intervals are located at various depths throughout the drill hole (see table below).

These results are the second set to be reported from a recently completed five hole program. The drill campaign was designed to test a broad Molybdenum/Copper/Gold geochemistry and geophysical magnetic anomaly covering a 700m by 800m area. This anomalous area was identified from historic work and assay results carried out by the New Alaskan Syndicate (Cities Services Minerals and Dome Mines) in the 1970s. Assay results are pending for the remaining 2 diamond drill holes.

The results for DH 07-03 are as follows: Depth Interval Drill Hole (feet) (feet) Mineralization ------------------------------------------------------------------------- Molybdenum Results ------------------ DH 07-03 0-1000 1000 feet 0.058% MoS(2) (0.035% Mo) Including 0-750 750 feet 0.0734% MoS2 (0.044% Mo) Including 135-180 45 feet 0.18% MoS(2) (0.107% Mo) Including 445-485 40 feet 0.135% MoS(2) (0.081% Mo) Copper Results -------------- 0-320 320 feet 0.0226 % Cu 500-1000 500 feet 0.045% Cu

Drill Hole DH-07-02 also had moderately lower molybdenum values over the entire length of the drill hole but slightly better copper values, which is indicative of a typical zoning pattern usually found in a porphyry system. The results for DH 07-02 are as follows:

Depth Interval Drill Hole (feet) (feet) Mineralization ------------------------------------------------------------------------- Molybdenum Results ------------------ DH 07-02 0-1000 1000 feet 0.030% MoS(2) (0.0167%Mo) Copper Results -------------- 0-430 430 feet 0.054% Cu 430-605 175 feet 0.0215% Cu

Results from drill holes DH-07-04 and DH-07-05 are expected in the very near future.

Mr. Clancy Wendt, P.Geo., VP Exploration for MAX states, "We now have results for three holes at Gold Hill, with two of these holes carrying strong molybdenum mineralization over long widths and ending in mineralization. The results from Hole DH-07-03, combined with those from DH-07-01, which intersected 0.048% MoS(2) over the entire core length of 965 feet and ended in molybdenum mineralization, continue to indicate that a molybdenum porphyry system is present at Gold Hill."

QA / QC (Quality Control and Quality Assurance): Core material was collected at the drill site and placed in core boxes under the supervision of an experienced geologist. It was logged for rock type, alteration, structure, and recorded with detailed descriptions. Core was split using a hydraulic core splitter and one-half was sent to the Alaska Assay Laboratories. The other half is kept at MAX's core storage facility in Anchorage. Drill holes were sampled at five foot sample intervals. Samples were delivered in sealed bags to the Alaska Assay Labs facility in Fairbanks, Alaska for sample preparation. Alaska Labs is using a 2 acid digestion and a 30 Element AES ICP Scan.

Sample Preparation quality control at Alaska Assay Labs includes strict chain of custody documentation, careful logging of samples documentation, careful cleaning of all equipment documentation, and careful monitoring of crush and grind particle size documentation, and careful protocol documentation following ISO9002/17025 guidelines.

QP (Qualified Person): Max's exploration program was supervised by Clancy J. Wendt, P.Geo., who is a qualified person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this news release.

About Gold Hill ---------------

The Gold Hill property comprises 8,520 acres located approximately 212 miles north, northeast of Anchorage, Alaska and is accessible to within five miles of the property by the all-weather unpaved Denali Highway (State Highway 8).

The Claims were explored for base metals during the early 1970's by the New Alaska Syndicate (Cities Services Minerals and Dome Mines Ltd). Numerous holes were drilled over the then 4,960 acre property. The drill holes tested various soil anomalies on the southwest side of Gold Hill where significant molybdenum mineralization was first intersected. Hole DDH 77-2, intersected a quartz-molybdenum (with minor copper) zone grading 0.048% MoS(2) from surface to 536 feet with a higher grade interval from 350-500 (150 feet) of 0.094% MoS(2). This area has never seen modern exploration techniques applied. The immediate area contains a significant magnetic anomaly that coincides with the known mineralization. Previous drilling never tested this magnetic feature nor the surrounding sedimentary rocks. This area is best described as having strong skarn and silicification development and coincident mineralization. This area was the primary target of the recent exploration program. For more information on the Gold Hill project, please visit our web site at http://www.maxresource.com/.

A National Instrument 43-101 Geological Report was completed on the Gold Hill project in July 2004 and can be viewed on SEDAR or at http://www.maxresource.com/.

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, Arizona, Nevada, New Mexico and the Northwest Territories of Canada. For more information, please visit our web site at http://www.maxresource.com/.

On behalf of the Board of Directors of MAX Resource Corp. "STUART ROGERS" Stuart Rogers President THE CONTENTS OF THIS NEWS RELEASE HAVE NEITHER BEEN APPROVED NOR DISAPPROVED BY THE TSX VENTURE EXCHANGE.

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.

CONTACT: Leonard MacMillan, Corporate Communication, Telephone: (800) 248-1872, or (604) 637-2140, info@maxresource.com, http://www.maxresource.com/

Max Resource Corp.

CONTACT: Leonard MacMillan, Corporate Communication, Telephone: (800)248-1872, or (604) 637-2140, info@maxresource.com, http://www.maxresource.com/

Source: PRNewswire-FirstCall

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