MAX acquires interest in Majuba Hill Copper/Gold/Silver Property in Nevada; exploration to focus on high-grade silver and copper potential

VANCOUVER, March 4 /CNW/ --
TSX-V Symbol: MXR


OTC BB Symbol: MXROF


Frankfurt: M1D

VANCOUVER, March 4 /CNW/ - MAX Resource Corp. (TSXV: MXR) (OTCBB: MXROF) (Frankfurt: M1D) has entered into an Option Agreement to acquire up to a 75% interest in
the Majuba Hill Copper/Gold/Silver property in Pershing County, Nevada
from Claremont Nevada Mines LLC., Nevada. The Majuba Hill Project
encompasses 2,313 acres of surface and mineral rights consisting of
patented lode mining claims, unpatented lode mining claims, and private
mineral rights.  

Majuba Hill is a large, highly prospective, multi-mineral,
intrusive-type system within the Western Nevada Gold Belt and is
located approximately halfway between the Florida Canyon Mine
(Jipangju) and the Hycroft Mine (Allied Nevada Corporation). The
project is 28 miles northwest of Midway Gold Corporations Spring Valley
Project.  Access is good via 23 miles of dirt roads maintained by
Pershing County leading from U.S. Interstate 80.

MAX believes that Majuba Hill is a newly defined copper/silver porphyry
system that is highly prospective for the discovery of economic
mineralization. We have developed a new exploration model designed to
expand and define the current zones of copper/silver mineralization as
well as explore new areas of the property where significant gold values
have been reported but not been followed up.  Initial exploration at
Majuba Hill will include follow-up on rock chip samples reported by
previous operators with values up to 10 g/t Au, 981 g/t Ag and 7.7% Cu as well as soil anomalies with silver values up to 7.7 g/t Ag and copper values up to 290 g/t Cu. In addition, drill intercepts as high as 5.1 ounces per ton (opt) Ag over 15 feet were reported from drilling conducted in 2007, as summarized in the
table below.

Exploration and historic production data available on Majuba Hill
outline excellent potential for the discovery of new economic zones of
silver/copper and gold mineralization. Production reported from
historic underground mines in the project area (see Nevada Bureau of
Mines and Geology Bulletin 86) included:

    --  184,000 ounces of silver
    --  5,800 ounces of gold
    --  2.8 million lbs of copper

GEOLOGY OF MAJUBA HILL

The Majuba Hill property is centered on the mid-Tertiary age Majuba Hill
intrusive complex which is about 4,700 feet in diameter. The lithologic
assemblage is a cross-cutting series of intrusives ranging from
rhyolite to latite with multiple stages of flow-banded units, intrusive
breccias, and radial dikes. These are all emplaced into steeply
dipping, northeast striking Triassic argillite. 

Breccia textures are very diverse and typically include tourmaline as:

    --  Breccia matrix
    --  Cross-cutting veinlets
    --  Disseminated tourmaline in the mineralized areas

Highlights of reverse-circulation drilling reported by Minterra Resource
Corp. in 2007-8 included:

MH Hole #    Total Depth  Interval        Copper  %       Silver  (opt)
             (ft) 

                                                           

MH-2         160-390      230 ft          0.37% Cu        0.426 opt

Including    295-320      25 ft           1.36% Cu

Including    340-350      10 ft                           3.50 opt

                                                           

MH-3         220-355      135 ft                          0.58 opt

Including    220-290      70 ft           0.59% Cu

                                                           

MH-4         310-340      30 ft                           1.12 opt

Including    335-340      5 ft                            2.90 opt

                                           

MH-5         0-290        290 ft          0.28% Cu

Including    0-15         15 ft           1.18 % Cu

including    0-100        100                             0.99 opt
                          ft          

Including    5-20         15 ft                           4.00 opt
                                    

                                                           

MH-6         0-145         145 ft         0.49% Cu        1.85 opt
                                                 

Including    110-125      15 ft                           5.10 opt    

                                                           

MH-7         85-400       315 ft          0.34% Cu        0.70 opt

Including    225-245      20 ft                           2.09 opt
                                 

Stuart Rogers, President of MAX states 'We have reviewed the historic
data available on Majuba Hill and are excited about the silver and gold
exploration potential on this property, where previous exploration was
focused on copper and the high silver values were of little interest
due to low silver prices at the time. In fact, all but one of the
silver drill intercepts listed above were even announced by Minterra
when originally recovered in 2007.  With silver today trading above
US$35 per ounce, historic drill intercepts such as 145 ft of 1.85 opt Ag and 0.49% Cu as well as unexplored soil anomalies with values up to 7.7 g/t Ag are
extremely encouraging.  We have already identified drill targets on
patented land at Majuba Hill and plan to drill four core holes there
immediately after completion of drilling at our Table Top gold project,
only 44 miles to the northeast.' 

The terms of the Option Agreement with Claremont allow MAX to earn an
initial 60% interest in the property over six years by spending US$6.5
Million on exploration of the property. MAX can increase its interest
in the property to 75% by spending a further $3.5 Million on
exploration over a subsequent two year period. The Majuba Hill property
will be subject to a 3% NSR payable to the vendor, 1.5% of which may be
purchased at any time for US$1.5 Million.  This agreement is subject to
acceptance for filing by the TSX Venture Exchange.

This news release has been reviewed by Clancy J. Wendt, P. Geo, a
qualified person as that term is defined under National Instrument
43-101.  Any historic information provided has not been verified by MAX
and is for reference only.

About MAX Resource Corp.

MAX Resource Corp. is a Canadian exploration company with a diversified
portfolio of mineral exploration projects in the Western United
States.  We are currently focused on precious metals, with three gold
properties in Nevada being actively explored in 2011.  For more
information, please visit our web site at www.maxresource.com.

On behalf of the Board of Directors of


MAX Resource Corp.

'STUART ROGERS'

Stuart Rogers


President

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

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.

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Contact: Leonard MacMillan, Corporate Communication

Telephone: (866) 331-5088 or (604) 637-2140

info@maxresource.com      www.maxresource.com