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Gold / Silver / Copper Exploration and Development NEVADA JULY 2014

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Page 1: Max Resource - Corporate Presentation

Gold / Silver / Copper

Exploration and Development

NEVADA

JULY 2014

Page 2: Max Resource - Corporate Presentation

FORWARD – LOOKING STATEMENTS

This presentation may contain “forward-looking statements” which reflect the

Company’s current expectations regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content and results of work programs, geological interpretations and potential mineral discoveries, and negotiation and closing of future financings. The statements reflect the current beliefs of the management of the Company and are based on currently available information. Accordingly, these statements are subject to known and unknown risks, uncertainties and other factors which could cause the actual results, performance, or achievements of the Company to differ materially from those expressed in, or implied by, these statements.

In addition, investors are cautioned that this presentation may contain information about mineral properties adjacent to or near the Company’s properties and in which the Company has no right or interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral deposits, if any, which may be found on the Company’s properties. The historic information provided has not been verified by the Company and is for reference only.

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Page 3: Max Resource - Corporate Presentation

Investment Highlights

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• Nevada focus – Extensive Infrastructure and Mining Friendly

• Surface Mining Properties: Gold (East Manhattan Wash) Silver/Copper/Gold (Majuba Hill)

• Experienced Exploration Management Team based in Nevada

• Excellent Capital Structure with High Insider Ownership

• Drilling underway at untested gold exploration target in historic mining district

• Drill targets identified for resource estimate at copper/silver project

• Large scale bulk-tonnage open pit mining projects near infrastructure

• Near term news flow Low capitalization ($2.1 Million)

vs

Potential for world-class bulk tonnage open pit Au and Cu/Ag deposits

In the heart of Nevada

Page 4: Max Resource - Corporate Presentation

CAPITAL SHARE STRUCTURE

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Share Structure (June 30, 2014)

Common Shares: 30,825,985

Options: 4,250,000

Warrants: 6,460,700

Fully-diluted: 41,356,685

Cash: $ 100,000

Market cap. $ 2.2 Million

Management ownership: 29%

Page 5: Max Resource - Corporate Presentation

MANAGEMENT

Stuart W. Rogers, President & Director

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• 27 years of experience in Public Company Finance and Management. • President and founder of West Oak Capital Group Inc. a privately held investment banking firm. • Founder and CFO of TerraX Minerals Inc. (TSX.V: TXR).

Clancy Wendt, VP Exploration & Director, P. Geo, F Aus IMM, CP Mgmt

• 45 years of experience in gold and silver exploration in the Americas. • Involved in the discovery of 12 Gold Deposits in Nevada totalling 17 MM oz Au. • Past President of the Nevada Geological Society. • Recent Gold Discovery: Crowsnest Gold Property in British Columbia (2009).

Ian Smith, Director, B.E. Mining (Hons), F AusIMM, CP Mgmt

• Over 40 years of experience in the development of large scale open-pit copper mines. • Projects include Red Chris (B.C.) Bougainville (PNG) and La Caridad (Mexico).

Dan McInnis, Director, P. Geo

• Discoveries include gold and base metal deposits in the USA, Canada and Mexico. • Managed and directed multi million dollar exploration programs for major mining companies. • Director of MAG Silver Corp (TSX: MAG); President of MAG Silver from 2005 until 2013.

Page 6: Max Resource - Corporate Presentation

PROPERTY OVERVIEW

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Majuba Hill – Silver/Copper Property – Pershing County • Majuba Hill is a large scale porphyry system within a chalcocite blanket.

• Drilling from 2011 - 2014 intercepted high-grade Silver/Copper supergene oxide

mineralization near surface over long intervals indicating potential for large-scale

open-pit deposit amenable to a heap leach processing.

• Metallurgical testing has confirmed leach recoveries of 84.6% recovery for copper

and 73.4% for silver.

East Manhattan Wash – Gold Property – Nye County

• Multiple soil sampling programs have defined a 1650 x 450 m gold mineralized

zone at surface that appears to be free gold within the volcanic lithic tuff.

• Bulk sampling has returned 4.9 g/t Au and 1.2 g/t Ag from a 793 lb. sample.

• Eight hole (750 m) core drilling program is now underway to determine the overall

depth, grade and areal extent of the gold mineralization

• One mile east of town of Manhattan, eight miles south of Round Mountain Gold

Mine (Kinross/Barrick joint venture)

Page 7: Max Resource - Corporate Presentation

EAST MANHATTAN WASH (“EMW”) - GOLD PROPERTY

• EMW is comprised of 78 claims (1,560 acres) located 40 miles north of Tonopah, Nevada and two miles east of town of Manhattan

• Accessible by paved road

• Located eight miles south of the Round Mountain Mine (jointly owned by Kinross and Barrick), a conventional open pit operation that has produced more than 12 Moz of gold to date.

• For 2013, Kinross Gold reported a proven and probable gold resource at Round Mountain (net to its 50% interest) of 42.1 million tonnes at 0.68 g/t Au.

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Page 8: Max Resource - Corporate Presentation

EAST MANHATTAN WASH - GOLD PROPERTY

• Bulk sampling in 2009 recovered 4.9 g/t Au and 1.2 g/t Ag from a 793 lb sample.

• Soil sampling has returned values to 1.50 g/t Au in soils.

• A significant area of Gold mineralization has now been defined over a surface area in excess of 1650 m by 450 m in size.

• Mineralization appears to be free gold in a volcanic lithic welded tuff which would allow a concentrate to be made on site through crushing and gravity separation, with final processing at toll mills off site.

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Wilfley Table - Processing Bulk Sample

Page 9: Max Resource - Corporate Presentation

EAST MANHATTAN WASH - GOLD PROPERTY

• Sampling taken by other companies that reviewed the property during 2010 and 2011 found values up to 2.4 g/t in outcrop.

• Coarse free gold has been found in all samples.

• More than 1 million oz of gold have been mined at the historic Manhattan mine, three miles to the west.

• MAX has an option to acquire a 100 % interest in EMW, subject to a 3% NSR.

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Page 10: Max Resource - Corporate Presentation

EAST MANHATTAN WASH - GOLD PROPERTY

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Eight Hole (760 m) core drill program commencing mid-July 2014 to test vertical

extent of gold mineralization sampled over 1650 x 450 m surface area.

Page 11: Max Resource - Corporate Presentation

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MAJUBA HILL – COPPER / SILVER / GOLD PROPERTY

35 miles north of Coeur Mining’s (NYSE: CDE) flagship Rochester Silver Mine (NI 43-101 M&I resource of 263.9 MT @0.46 oz/t Ag and 0.004 oz/t Au)

2,568 acres comprised of patented and unpatented claims and private mineral rights.

High grade Cu/Ag oxide mineralization – low cost heap leach processing.

Large scale bulk tonnage open pit potential.

Only 23 miles off of Interstate 80 in active mining district on well maintained dirt road.

Close to rail, highway, power and skilled work force.

Page 12: Max Resource - Corporate Presentation

MAJUBA HILL – COPPER/SILVER/ GOLD PROPERTY

• Drilling at Majuba Hill has intercepted near surface high-grade Ag/Cu supergene oxide mineralization – a potential open pit deposit amenable to heap leach processing.

• Drilling returned up to 2 oz/t Ag Eq over wide intersections, 96 m of 39.2 g/t Ag and 0.57% Cu (2.7 oz/t AgEq or 0.99% CuEq) inclusive of 44.2 m of 71.0 g/t Ag, 0.15 g/t Au and 1.14% Cu (5.2 oz/t AgEq or 1.89% CuEq).

• Oxide mineralization has been identified over 500 m of strike and to a depth of 350 m and open to the northeast, southeast and at depth.

• Initial metallurgical testing achieved leach recoveries of 84.6% for Cu and 73.4% for Ag.

• Located 30 miles NW of Coeur Mining’s flagship Rochester Silver Mine, which

contains a NI 43-101 compliant Measured and Indicated Resource of 263.9 million tons grading 0.46 oz/ton Ag and 0.004 oz/ton Au. (The Coeur Technical Report on the Rochester Mine is available on SEDAR).

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Page 13: Max Resource - Corporate Presentation

2,568 acres that include patented claims encompassing historic MAJUBA HILL MINE

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Patented Claim Boundary

Majuba Project Boundary

Majuba Mountain

Majuba Placers

MAJUBA HILL – PROJECT AREA

Page 14: Max Resource - Corporate Presentation

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MAJUBA HILL – Mining and Exploration History

1907 Copper and Tin (Cassiterite) Discovered

1914-18 Mason Valley Copper

- 3 Tunnels at Copper Stop - Upper, Middle, and Lower Adit

- Produces 4,000 tons of 12% Cu

1942-54 Greenan-Kerr

Produces 23,000 tons of 4% Cu from Copper Stope Adit

1971-74 MineFinders drills for Climax-Type Mo Porphyry

- Drilling confirms extensive Cu and Ag mineralization

2005-07 Minterra Resource Corp. tests leachable copper oxide target

- Completes 2,600 m of reverse-circulation drilling

- High grade intercepts at Copper Stope include 145 ft @ 1.85 oz/t Ag and 0.49% Cu,

inclusive of 15 ft @ 5.01 oz/t Ag.

- Minterra delisted in 2008 and lets property lapse.

2011 MAX Resource Corp. enters into agreement to earn 100% interest in Majuba Hill

Completes 1,800 m of core drilling with assay results up to 50% higher than Minterra’s

due to improved recovery with core drilling as compared to reverse-circulation.

High grade Cu and Ag mineralization intercepted near surface over long intervals (96 m)

Soil geochemistry completed on unexplored western area of property that identifies

significant Cu (to 1.53%) and Ag (to 209 g/t) in soils over 2 km x 1 Km area at DeSoto

Discovery hole (MM-18) at DeSoto intercepts 29.2 m of 30.5 g/t Ag and 0.69% Cu

Page 15: Max Resource - Corporate Presentation

MAJUBA HILL – Exploration Drilling 2011

• Hole MM-07: 50.3 m of 50.8 g/t Ag, 0.31 g/t gold and 0.31% Cu

• Hole MM-06: 96 m of 39.2 g/t Ag and 0.57% Cu

- inclusive of 44.2 m of 71.0 g/t Ag, 0.15 g/t Au and 1.14% Cu

• Hole MM-03: 42.7 m of 37.5 g/t Ag and 0.38% Cu

• Hole MM-18: The “DeSoto discovery” hole 1.4 km to the NW of Majuba mine intercepts 29.2 m of 30.5 g/t Ag and 0.69% Cu – significant mineralization for future follow-up

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2011 – Drilling intercepts high-grade copper and silver near surface; soil sampling

identifies 1 x 2 km soil anomaly at DeSoto discovery 1.4 km to the northwest

Page 16: Max Resource - Corporate Presentation

MAJUBA HILL – Exploration Drilling 2011

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1 x 0.75 km

target area

2 x 1 km

DeSoto Soil anomaly

Page 17: Max Resource - Corporate Presentation

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Surface Projection of underground

workings at Majuba Mine

MM-2: 45.7 m @ 0.56% Cu/ 15.4 g/t Ag (68.6 to 114.3 m)

Incl: 9.1 m @ 0.54% Cu/ 39.3 g/t Ag

MM-5: 89.3 m @ 0.28% Cu/ 16.5 g/t Ag (0 to 89.3 m)

Incl: 13.7 m @ 0.47% Cu/ 30.0 g/t Ag

MM-6: 96.0 m @ 0.57% Cu/ 39.2 g/t Ag (1.5 to 97.5 m)

Incl: 44.2 m @ 1.14% Cu/ 0.15 g/t Ag/71.0 g/t Ag

MM-7: 50.3 m @ 0.31% Cu/ 50.8 g/t Ag (76.2 to 126.5 m)

Incl: 19.8 m @ 0.53% Cu/ 100.1 g/t Ag

MM-3: 42.6 m @ 0.38% Cu/ 37.5 g/t Ag (91.5 to 134.1 m)

Incl: 10.7 m @ 0.93% Cu/ 90.2 g/t Ag

MM-20: 293 m of 5.49 g/t Ag, 0.10 g/t Au and 0.09% Cu in Porphyry-style alteration zone with significant sulfides.

MM-21: 332 m of 12 g/t Ag and 0.13% Cu

MAJUBA MINE SITE LOOKING NW MAJUBA HILL – SILVER /COPPER/ GOLD PROPERTY

Page 18: Max Resource - Corporate Presentation

MAJUBA HILL – Exploration 2012

• High-grade near surface copper and silver oxide mineralization exists well beyond

the immediate area of the past producing Majuba Hill mine. • High grade Ag/Cu oxide mineralization extends at least 500 m to the SE from

Majuba Hill mine. • Hole MM-17 (500 m to SE) - 42.7 m of 16.8 g/t Ag, 13.7 m of 15.9 g/t Ag and 6.16

m of 51 g/t Ag • Hole MM-21 (250 m to SE) - 332 m @ 12 g/t Ag and 0.13% Cu within 12 m of

surface. • High grade oxide Ag/Cu mineralization extends to a depth of at least 350 m from

surface. Historic drill data (Minefinders 1975) includes 155.4 m 9.23 g/t Ag and 0.22 % Cu starting at down hole depth of 220 m.

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2012 – Drilling and Soil sampling by MAX extends mineralization at Majuba Hill

Page 19: Max Resource - Corporate Presentation

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MAJUBA HILL – Sulphide Mineralization – Hole MM-20

• This first deep hole at Majuba Hill intercepts 293 m of 5.49 g/t Ag, 0.10 g/t Au and 0.09% Cu in sulfide mineralization in a porphyry-style alteration zone discovered below the high grade Ag/Cu/Au oxide zone at the Majuba Mine.

• Hole MM-20 contains Chalcopyrite, Pyrite and Molybdenite in a hydrothermally altered mineralized zone indicative of the primary zone of a porphyry system.

• Gold mineralization grading 0.145 g/t Au was intercepted over the final 116 m of Hole MM-20, which was still in mineralization when terminated at the planned target depth of 323 m due to weather conditions.

• Gold, copper and molybdenum mineralization was all increasing in grade with depth. • The mineralized system remains open at depth and in all directions.

Page 20: Max Resource - Corporate Presentation

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MAJUBA HILL – Exploration 2014

• MM-21 intercepted 4.6 m @ 58.0 g/t Ag and 7.6 m @ 0.80% Cu within an overall mineralized intercept of 332 m @ 12 g/t Ag and 0.13% Cu (23.9 g/t silver equivalent (“AgEq”)) in oxides that began within 12 m of surface.

• Hole MM-21 confirms that a ridge of high-grade oxide mineralization extends a further 500 m to the southeast from the Majuba mine to the Ball Park target, where hole MM-17 intercepted 42.7 m of 16.8 g/t Ag, 13.7 m of 15.9 g/t Ag and 6.16 m of 51.0 g/t Ag, and is all one mineralized zone, the Majuba Ridge.

• The drill results from MM-21 and MM-17, combined with historic data from Minefinders (Hole MF-1: 155.4 m @ 9.23 g/t Ag and 0.221% Cu from 220 m down hole), expands the known mineralized silver/copper zone for 500 m to the SE of the Majuba Mine and to a depth of at least 350 m.

• Hole MMX-24 drilled on opposite side of Majuba Ridge from MM-21 and successfully tests the down-dip extension of the same Cu/Ag mineralization exposed at surface (samples to 7.72% Cu), intercepting 222.6 m at 0.27% Cu and 10.1 g/t Ag, inclusive of 117.4 m at 0.43% Cu and 12.0 g/t Ag.

• Permitted for a 20 hole development drill program designed to establish an initial NI 43-101 compliant inferred resource estimate at Majuba Ridge .

2014 – Hole MMX-24 successfully tests the down-dip extension of hole MM-21

Page 21: Max Resource - Corporate Presentation

MAJUBA HILL – Exploration 2014

Page 22: Max Resource - Corporate Presentation

Investment Highlights

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• Nevada focus – Extensive Infrastructure and Mining Friendly

• Surface Mining Properties: Gold (East Manhattan Wash) Silver/Copper/Gold (Majuba Hill)

• Experienced Exploration Management Team based in Nevada

• Excellent Capital Structure with High Insider Ownership

• Drilling underway at untested gold exploration target in historic mining district

• Drill targets identified for resource estimate at copper/silver project

• Large scale bulk-tonnage open pit mining projects near infrastructure

• Near term news flow Low capitalization ($2.1 Million)

vs

Potential for world-class bulk tonnage open pit Au and Cu/Ag deposits

In the heart of Nevada

Page 23: Max Resource - Corporate Presentation

Tel: 1 (866) 331-5088

E-Mail: [email protected]

www.maxresource.com TSX-V: MXR OTC BB: MXROF Frankfurt: M1D