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Maxtech's St. Anthony Gold Property JV with Magabra Receives Exploration Drill Permit Approval

Maxtech Ventures Inc. (" Maxtech " or the " Company ") (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) is pleased to announce that it has received official authorization that the "exploration drill permit" has been granted to our partner Magabra Resources Corp. from the Ontario Ministry of Energy, Northern Development and Mines in Thunder Bay. The permit contains all necessary approvals to commence our JV drill program at the St. Anthony Gold Property (the "Project") and to carry out the first phase of drilling at the Project. The exploration permit is issued under the authority of section 78.3 of the Mining Act and the Exploration Plans and Exploration Permits Regulation (O. Reg. 30812).

The St. Anthony Gold Property is located in the Kenora-Patricia Mining District of Ontario and is 85 km east of the town of Sioux Lookout, or 13 km south of the smaller town of Savant Lake. The drill program will be composed of three phases. Phase 1 will focus on the St. Anthony Mine plus extend the gold bearing zone(s) to the north and south. Phase 2 & 3 will be dependent on Phase 1 results but will also test new gold potential at the Buckshaw, Couture Lake and Lucky Bones areas.

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Maxtech Announces Restart of Work at the St. Anthony Gold Mine Property

Maxtech Ventures Inc. (" Maxtech " or the " Company ") (CSE: MVT) (Frankfurt: M1N) (OTC: MTEHF) announces restart of the exploration efforts St. Anthony Gold Mine Property in the Kenora Patricia mining district of Ontario, Canada.

Maxtech reports that the St. Anthony gold mine property has begun a systematic ramp-up of operations following the completion of on-site due diligence by Magabra Resources.  The Magabra team has been on property for 3 weeks and will continue to adhere to provincial and federal COVID-19 guidelines. As the health and safety of our employees and communities remains our number one priority, operations will steadily ramp-up over the coming weeks with the overarching priority of ensuring we provide the safest possible environment for our employees. The Company will utilize the local workforce during the progressive start-up to operations.

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Maxtech Completes JV Agreement with Magabra Resources on St. Anthony Mine

Site Preparation Begins with Advance Team On-Site

Maxtech Ventures (CSE: MVT) (FSE: M1N) (OTC Pink: MTEHF) ("Maxtech" or the "Company") is pleased to report it has completed all due diligence and agreements related to the joint venture on the St. Anthony Gold Project in the prolific Kenora-Patricia mining district in Ontario, Canada.

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