MAX acquires Uranium Project on the Arizona Strip, Mohave County, Arizona

    TSX-V Symbol: MXR
    OTC BB Symbol: MXROF
    Frankfurt: M1D

    VANCOUVER, April 10 /CNW/ - MAX Resource Corp. is pleased to announce
that it has entered into an Agreement with NUSTAR Exploration LLC, a private
Arizona limited liability corporation, for the acquisition of a 100% interest
in 427 mineral claims located in the Arizona Strip of the Colorado Plateau in
northwest Arizona.

    The NUSTAR Uranium Project

    The NUSTAR uranium claim block is comprised of 427 mineral claims
totaling 8,540 acres and is located in the highly prospective Arizona Strip in
Mohave County, Arizona. The targets are uranium-bearing solution-collapse
"breccia pipes" that were mined during the early 1980's.
    The claims in the NUSTAR prospect area are located on the northwestern
trend of uranium deposits in this area of Arizona. This trend contains the
high-grade past producing Hacks Canyon mines, the Arizona 1 mine (currently on
standby) and the EZ-1 and EZ-2 breccia pipes recently purchased by Denison
Mines Corp. (DML:TSX) from Pathfinder Mines. The average grade of the uranium
ore that has been mined in the Arizona Strip is high compared to the other
deposits in the Colorado Plateau and ranges from 0.40% to 0.80% U3O8. The size
of the deposits has historically varied from 400,000 kg (880,000 lbs) to
2,000,000 kg (4,400,000 lbs) of recovered U3O8. Uranium exploration on the
Arizona Strip started in the 1950's with the discovery of uranium outcrops and
surface uranium mineralization. Exploration continued periodically, depending
on the price of uranium, until the middle 1980's when essentially all uranium
exploration in the U.S. stopped. Results on much of the work done on this area
of the Colorado Plateau is reported in various publications by the USGS and
State agencies in Arizona. Uranium exploration involved companies such as
Energy Fuels, Pathfinder Mines, Western Mines (a division of Phelps Dodge),
Uranerz, and others.
    The NUSTAR uranium occurrences are characterized as a breccia pipe which
is thought to be caused by the movement of water through strata creating
"rubble" zones and solution collapses. The uranium is precipitated within
these zones at a reduction/oxidation interface due to changes of the ground
water chemistry and/or pressure gradients. The mineralogy of the breccia pipes
is, generally, pyrite, copper, molybdenum, lead, zinc and pitchblende. The
NUSTAR project area is located about 8-10 miles from the EZ pipes and about
20 miles from the Hacks Canyon Mines. MAX Resources has initiated plans to
explore and expand known uranium drill targets, with preparations underway for
a spring and summer exploration season consisting of regional mapping, soil
gas acquisition, reviewing archived geologic data and completing a
comprehensive regional geologic survey. Drill targeting will focus on testing
known geologic targets and uranium showings.
    Mr. Clancy J. Wendt, P.Geo, who has over 34 years experience in the
mining industry and is a Licensed Geologist in the State of Arizona
(No.18283), has acted as the qualified person as defined in National
Instrument 43-101 for the purpose of the release of technical information
contained herein.

    Under the terms of the Agreement with NUSTAR, MAX can purchase a 100%
interest in the NUSTAR Claims by making a cash payment to NUSTAR of US$128,100
and issuing 200,000 shares of MAX's common stock, subject to a gross royalty
of 4% (the "Royalty") of sales revenue from commercial production of uranium
from the NUSTAR Claims. For each breccia pipe identified on the NUSTAR Claims
that goes into commercial production, MAX shall have the right to purchase 3%
of the 4% Royalty on that breccia pipe by payment to NUSTAR of $1,000,000.
    This agreement is subject to acceptance for filing by the TSX Venture

    About MAX Resource Corp.

    MAX Resource Corp. is a Canadian mineral exploration company focused on
Uranium exploration, with properties in the U.S. and Canada. In addition, it
holds highly prospective gold properties in Nevada and Alaska that have
additional potential for Molybdenum (Alaska) and Zinc (Nevada). For more
information, please visit our web site at

    On behalf of the Board of Directors of
    MAX Resource Corp.


    Stuart Rogers


    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.

For further information:

For further information: Leonard MacMillan, Corporate Communication,
Telephone: 1-800-248-1872 or (604) 637-2140,,

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