MMEX Resources CorporationOil • Gas • Refining • Terminals • Power

Pecos County Refinery ProjectFort Stockton, Texas

10,000 BPD Crude Distillation Unit& 100,000 BPD Refinery

CONFIDENTIAL May 2018

Disclaimer and Forward-Looking Statements

Any project descriptions or financial projections contained in this presentation have been delivered for the purpose of presenting the Pecos CountyRefinery Project (“Project”) proposed by MMEX Resources Corporation (“MMEX”) and do not constitute an offer to sell, or a solicitation of offers to buy,securities.

Except as otherwise indicated, this presentation speaks as of the date hereof. The project projections have been prepared by management of theProject and represent their current best estimate of possible results of the Project’s operations and prediction of future events based upon assumptions,which may or may not occur, and should not be relied upon to indicate the actual results (financial or otherwise) that will be attained by the Project.Actual results attained by the Project may be different, and such difference may be material. Accordingly, neither the delivery of this presentation norany purchase or sale of securities made subsequently by any investor in MMEX shall, under any circumstances, create any implication that there hasbeen no change in the affairs of the Project after the date hereof.

The projections contained in this presentation are, in their entirety, forward-looking statements and involve substantial risks and uncertainties that maycause actual results to differ materially from those indicated herein. The assumptions upon which these forward-looking statements are based,including, but not limited to, assumptions about our strategies, expectations about new and existing Projects, market demand and penetration,acceptance of new and existing Projects, technologies and opportunities, market size and growth, regulatory issues, Project launch timing, and returnon investments in projects and markets, are based upon information reasonably available to us as of the date of this presentation. For a discussion ofimportant factors that could cause actual results to differ from such forward-looking statements, please see the MMEX 10-K and 8-K filings made withthe SEC. MMEX assumes no obligation to update this presentation to reflect new information, actual results, future developments or changedcircumstances.

The projects described in this presentation may be modified by MMEX, without notice, at any time.

q Private Securities Litigation Reform Act of 1995Ø The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical

information contained herein, the matters discussed in this presentation are forward-looking statements that involve risks and uncertainties,which could cause our actual results to differ materially from those described in the forward-looking statements. These risks include, but arenot limited to, general business conditions, the requirement to obtain financing to pursue our business plan, our history of operating lossesand other risks detailed from time-to-time in MMEX's SEC reports. MMEX undertakes no obligation to update forward-looking statements.

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TABLE OF CONTENTS

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1. Project & Managementa. MMEX Company Overview

b. Pecos County Refinery Project, Phase I & II

c. Management

d. Map: Project

Photo Annexes

5. Financing & Returnsa. Key assumptions and Variables

b. Financial details

c. Ebitda and Net Cash-Flow Projections

d. Equity Scenario

e. Equity Investment Cash-Flow

[To be furnished with NDA]

2. Feedstock, Marketing & Logisticsa. Feedstock and Product Marketing

b. CDU site location: Optimized Logistics

c. Texas Pacifico Railroad

d. Map: Distances to Markets in Mexico

3. CDU and Large Unit Designa. CDU 3D Layout & Product Slate

b. CDU Schematic Layout

c. Rail & Truck connections

d. Schematic Layout 100,000bpd Refinery

e. Projected product slate 100,000bpd

Refinery

4. Project Development a. Feasibility Status & Partners

b. Other Strategic Relationships

q MMEX was formed September 2010 (http://www.mmexresources.com)

q MMEX is affiliated with Maple Resources Corporation (“MRC”)

Ø Established in 1986, in Dallas, Texas.

Ø Privately held corporation, registered in Delaware, with its principal operatingoffice in Texas.

Ø Engaged in a number of oil and gas and mid-stream acquisitions.

Ø Sold substantially all of its existing U.S.-based assets in 1992 and beganpursuing energy projects in Latin America.

Ø Maple Peru acquired and is currently operating a 4,000 barrel/day refinery inPucallpa, along with 3 producing oil fields.

Ø Built the $273 Million Aguaytia Project in Peru, with natural gas production,processing, pipelines, fractionation and power generation.

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1.a – MMEX Company Overview

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q Phase I: 10,000 BPD - Crude Distillation Unit at Pecos County SiteØ Land acquired on July 28, 2017Ø Permit Issued by Texas Commission on Environmental Quality on August 30, 2017Ø Detailed Front-End Engineering and Design (FEED) CompletedØ Commercial Operations projected 3rd quarter 2019Ø Product slate provides for:

Ø 40%: High-Sulfur diesel (200 ppm), marketed to drilling operations in Permian BasinØ 29%: Naphtha for blending in crude or reforming operationsØ 28.%: ATB/Residual for blending

q Phase II: 100,000 BPD - Large Scale Refinery at Pecos County SiteØ 100,000 BPD capacity is second phase and will utilize first phase CDU feedstockØ Full product slate of transportation spec fuels to Western U.S. and MexicoØ Permitting on parallel track with construction of CDU, 15-18 month time frameØ Commercial Operations projected to commence 2021

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1.b Pecos County Refinery Project Overview

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q Jack W. Hanks, CEO & Director

Ø Over 30 years of experience in oil and gas industryØ Founded Maple Resources Corporation in 1986Ø Developed Maple Peru Refinery and Power ProjectØ BBA and JD, University of Texas

q Nabil Katabi, Finance

Ø Over 20 years of experience in oil and gas industryØ Managing Director, Maple Resources-PeruØ Formerly with Banque Indosuez in Copenhagen,

Denmark in charge of placement of internationalsecurities

Ø MBA, Columbia University, Degrees from ÉcoleSupérieure de Commerce Paris and SorbonneUniversity Paris

q Dennis Gauger, Finance and Accounting

Ø Over 25 years of experience in executive financialmanagement and consultant positions

Ø Former accounting and audit partner with Deloitte &Touche

Ø CPA in Utah & NevadaØ Member of American Institute of CPAs

q Alexis Hanks, Investor Relations

Ø Responsible for Investor RelationsØ Experience in public relationsØ International Business & Economics Degree, University

of Denver

q Scott Bailey, Project Development

Ø Attorney licensed to practice in Texas with broad experience in oiland gas industry

Ø Over 10 years of successful sales and marketingexperience prior to attending law school

Ø BS and JD, Texas Tech University

q Ken Ross, Project Development

Ø Extensive experience in oil and gas midstream sectorØ Career experience includes drilling conslutant for EOG

and business development for multiple start-upsØ BA, Texas Tech University

q Brad Adams, Project Management

Ø Over 30 years of engineering experience in design,construction and technology implementation

Ø Registered Professional Engineer in Texas and OklahomaØ Participated in the engineering design for many of the

largest infrastructure projects in North Texas, including:Super Conducting Super Collider; Dallas Area RapidTransit rail system; West Airfield expansion of DFWAirport; and IH 635 Design Build Highway project

Ø BSCE, University of Texas at Arlington

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1.c Management Team

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Project Map

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q Expanding Shale oil productionØ Volumes expected to reach 2.8mln bbld in the Permian basin aloneØ Pipeline capacity reaching saturation to USGCØ Rail and pipeline Infrastructure being developed toward Mexico

q 10,000bpd CDU projected slate

Ø Off-Gas (*) 4.30% 280bpdØ Naphtha 23.00% 2,900bpdØ HS Diesel (<500ppm) 42.00% 4,000bpdØ ATB/Residual 30.70% 2,820bpd

q Markets

Ø Off-Gas: used in CDU OperationØ Naphtha: on-going negotiations with trading companies for blending with crudeØ Diesel: executed 5-years agreement to sell 100% to Pilot Thomas, primarily for use

in mud drilling operations in the Permian BasinØ Residual: on-going negotiations with large trading companies to sell in USGC

q Crude Oil Supply: EnLink Midstream (http://www.enlink.com)

Ø Executed LOI to supply crude feedstock to facilityØ NYSE listed midstream company with focus on Permian Basin

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2.a Feedstock and Product Marketing

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Sulfur Junction, 20 miles North East (NE) of Fort Stockton, Texas

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2.b CDU Site Location: Optimized Logistics

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q About TXPF:Ø Owned by TxDOT, operated by U.S. subsidiary of

Grupo MéxicoØ Owns connecting rail lines, including Ferromex, Ferrosur

and Intermodal Mexico§ Ferromex has the largest rail coverage in Mexico

Ø Provides freight rail service on the U.S./Mexico border,between San Angelo Junction and Presidio, Texas

Ø Texas Pacifico operates over 380 miles in West Texas over the south orient line.

q Benefits of TXPF Route:Ø Runs directly through the site of the Refinery Project and construction of terminal for uploading products on-siteØ Provides immediate access to infrastructure in place for transportation of products to downstream marketØ Interconnects East to Texas Gulf Coast Refineries and PortsØ Interchanges with UP at Alpine, TX., BNSF and FWWR at San Angelo junction, TX., and with FXE at Presidio.

q On Aug. 4, 2017, TxDOT announced that it received federal funding to rebuild the international bridge at Presidio andto improve the track from Alpine to Presidio

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2.c Texas Pacífico Railroad (TXPF)

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2.d Distances to Potential Markets in Mexico

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3.a CDU 3D Layout & Product Slate

q A CDU is a simplified refinery and allows for distillation ofcrude into high-octane naphtha, diesel and ATB/VGO fuels.

q Crude oil from the crude oil storage tanks (EPN TK50 andTK51) will be pumped to the CDU for refining.

q Includes refinery processes such as a desalter (to reduce thesalt and metal content in the crude), but not reforming (toincrease the octane of the naphtha and convert it intogasoline) or cracking (to convert heavier residual productsinto diesel and gasoline).

q Product Slate:

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Products Yield % Yield bbld

Off-Gas (*) 2.80% 280 Naphtha 29.00% 2,900 Diesel 40.00% 4,000 Residual 28.20% 2,820 Total 100.00% 10,000 (*) Burned in Heaters

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3.b CDU Schematic Layout

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3.c Rail and Truck Connections

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3.d Schematic Layout of 100,000 BPD refinery

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3.d Projected Product Slate for 100,000 BPD Refinery

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q Land Acquisition:Ø First 126 acres acquired in April of 2017 for the 10,000bpd CDU

Ø Second adjacent acres to be acquired , giving enough space for the 100,000bpd expansion

Ø Available access to Hardtop Road maintained by Pecos County

Ø Power Available: AEP

Ø Gas Available: Energy Transfer Pipeline on Location

q Environmental Permit: Trinity ConsultantsØ Environmental consulting company with vast experience with industrial

facilities, including refineries (https://trinityconsultants.com)

Ø Offices across the U.S. and in Canada, the U.K., the Middle East and China

Ø Environmental Permit filed and issued on August 30, 2017 for 10,000bpd CDU

q EPC Company: Interstate Treating & VFuelsØ CDU Front End Engineering and Design (FEED) Package by VFuels, with Interstate Treating as the umbrella EPC

Ø Experienced with design, engineer, and fabrication of modular refineries

Ø Offices in Odessa (IT, http://www.intertreat.com), Houston and Nigeria (Vfuels; http://www.vfuels.com)

q Refinery Operator: OCALA

Ø Integral capacity in project management, EPC projects, Pre-commissioning, Commissioning, & Initial Startup, Operation & Maintenance with full responsibility

package (http://www.ocalacorp.com)

Ø Multidisciplinary experienced professionals and international project experience

Ø Will field and supervise all operational personnel of the CDU unit

q Loading and Transport Systems: Via Rail Engineering & RMTS & Penta Petroq Via Rail Engineering has designed the RR FEED and will implement the rail car loading and transport system http://www.viarailengineering.com

q RMTS, Rocky Mountain Transport System (http://railcar.com/), a full service railroad transportation and equipment company) to provide rail car fleet for a $ x bbl fee

q Penta Petro (http://www.pentapetro.com) to provide transportation services for Naphtha to deliveries up to 60 miles from the Refinery for a $ x bbl fee, agreement signed infebruary 2018.

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4.a Feasibility Status & Partners

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q Public Relations Firm: Paige PRØ Paige PR is a Houston-based marketingagency that specializes in implementingstrategic and marketing PR programs.

Ø In 10 years of existence, its focus has been theOil & Gas, Chemical and Renewable industry.

Ø https://paigepr.com/

q Legal Counsel: Hallett & PerrinØ Extensive experience in corporate andsecurities law

Ø Office in DallasØ http://www.hallettperrin.com/

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4.b Other Strategic Relationships

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MMEX

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Photo Annexes

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Project Location Images

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Ground Breaking & Easements

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Beginning

Completed

Ground Breaking Nov 17, 2017

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TPRR – Transporting Frac Sand Across MMEX Site

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Contact MMEXMMEX Resources Corporation107 S. Main Street Fort Stockton, Texas 79735Telephone: +1.855.880.0400Email: info@mmexresources.comWebsite: www.mmexresources.com

Media Inquiries:Page PRKristen Quinn, DirectorTelephone: +1.713.744.7494Email: https://paigepr.com/

Investor Inquiries:Please contact MMEX Resources Corporation directly, at +1.855.880.0400 or investorrelations@mmexresources.com

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