Molybdenum

[Lone Clone]

MAX begins 6,000 foot molybdenum drill program in Alaska
Tue Jul 31, 8:31 AM

http://ca.news.finance.yahoo.com/s/31072007/30/link-finance-news-max-begins-6-000-foot-molybdenum-dr...

TSX-V Symbol: MXR

OTC BB Symbol: MXROF

Frankfurt: M1D

VANCOUVER, July 31 /CNW/ - MAX Resource Corp. is pleased to announce that drilling has commenced at Gold Hill in Alaska, where MAX is following up on prior drilling by the New Alaska Syndicate (Cities Services Minerals and Dome Mines Ltd.) that intersected significant molybdenum mineralization.

The best of these previous drill holes, DDH 77-2, intersected quartz-molybdenum +/- copper grading 536 feet of 0.048% MoS(2), starting at surface, with a higher grade interval from 350-500 of 0.094% MoS(2). This area has never been followed up with modern exploration and contains a significant magnetic anomaly that coincides with the mineralization. Previous drilling never tested this magnetic feature and the surrounding sedimentary rocks. Further, six of these drill holes bottomed in mineralization and were never drilled to test the contact between the magnetic intrusive and the sedimentary host. The deepest drill hole during this time was one 500 foot angle drill hole drilled oblique to the strike of the beds. This area of skarn and silicification development and mineralization will be explored this year.

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

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 www.maxresource.com. The historic information provided in this news release is for reference only and the reader should not infer or assert that the information is correct, reliable, relevant or accurate and should not be relied upon. There are no resources and reserve estimates relating to the Claims and the original target estimate by Dome and Cities Service is historical in nature, has not been verified by the issuer's qualified person, may not be relevant and should not be relied upon.

Clancy J. Wendt, P. Geo., has acted as the qualified person for this disclosure, as defined in NI 43-101, and has supervised the preparation of the technical information in this news release.

About MAX Resources

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 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.

Contacts

Leonard MacMillan
Corporate Communication
Telephone: [phone] or [phone]
[e-mail]
www.maxresource.com