Silver/Copper/Gold

Exploration and Development

Nevada

February 2013

2

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.

Disclaimer

3

Drilling at Majuba Hill in Nevada 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: - Hole MM-06: 96 m of 39.2 g/t Ag and 0.57% Cu (2.7 oz/t Ag Eq) inclusive of

44.2 m of 71.0 g/t Ag, 0.15 g/t Au and 1.14% Cu (5.2 oz/t Ag Eq)

Drilling has identified mineralization along over 500 m of strike and to a depth of 350 m

and open to the north east, southeast and at depth.

Permitting underway for a 20 hole development drill program to establish an initial

NI 43-101 compliant inferred resource estimate by the end of 2013.

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

Excellent infrastructure, near 3 major mines (Coeur d’Alene, Barrick and Allied Nevada).

Experienced management and attractive share structure - only 24.5 MM shares issued

Investment Highlights

2013 objectives: Drilling to establish Inferred Resource estimate at Majuba Ridge (size and grade)

Commence initial Preliminary Economic Assessment (internal)

Identify and test additional target areas to expand resource potential beyond 100 MMT

4

Corporate Structure

Share structure (Feb 28, 2013)

Common Shares: 24,505,985

Options: 3,280,000

Warrants: 2,016,755

Fully-diluted: 29,802,740

Cash: $ 400,000

Market cap. $ 2.5 Million

Management ownership: 36%

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- 25 years of experience in public company finance and management

- founder and former CFO of Prophecy Resource Corp. (TSX: PCY)

- 45 years of experience in gold and silver exploration in the Americas

- involved in discovery of 12 gold deposits in Nevada totaling 17 MM oz Au

- Past President of Geological Society of Nevada

- recent gold discovery – Crowsnest in Southeast B.C. in 2009

- over 40 years of experience in the development of large scale open pit copper

mines on an international basis

- projects included Red Chris (B.C.) Bougainville (PNG) and La Caridad (Mexico)

- President of MAG Silver (Amex: MVG)

- managed and directed multi-million dollar exploration programs for Noranda

Exploration, Battle Mountain Gold/Hemlo Gold, and Sargold Resources.

- Discoveries include gold and base metal deposits in the US, Canada and Mexico.

Management

Stuart Rogers

President and Director

Clarence (Clancy) Wendt,

P. Geo, F AusIMM, CP Mgmt

VP Exploration and Director

Ian Smith B.E. (Mining) Hons,

F AusIMM, CP Mgmt

Director

Dan MacInnis, P. Geo

Director

6

2012 - Soil sampling and drilling by MAX at Majuba Hill indicate that:

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

2011 - Drilling intercepts high-grade copper and silver near surface.

Exploration Highlights

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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Project Location and Infrastructure

Majuba Hill- Copper/Silver/Gold

35 miles north of Coeur d’Alene’s (TSX.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

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Patented Claim Boundary

Majuba Project Boundary

Majuba Mountain

- 2,568 acres that include patented claims encompassing historic Majuba Hill mine

Majuba Placers

Majuba Hill – Project Area

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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 75% 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

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Majuba Hill – Mining Lease and Option to Purchase Agreement

Mining Lease and Option to Purchase Agreement with Claremont Nevada Mines,

LLC and JR Exploration LLC dated December 3, 2012 whereby MAX can acquire a

100% interest in Majuba Hill for $1 Million, payable as follows:

• $200,000 on closing (paid)

• $200,000 on December 3, 2013;

• $200,000 on December 3, 2014;

• $200,000 on December 3, 2015; and

• $200,000 on December 3, 2016.

The Majuba Hill property will be subject to a 1% NSR.

There are no work commitments or other ongoing obligations.

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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 Hill -Majuba Mine Site looking NW

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Hole MM-06 – 254 g/t Ag and 3% Cu over 5 feet

Majuba Hill – Copper Oxides at Copper Stope

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Majuba Hill – Drill Results 2011 and 2012

Hole Azimuth Angle Total

Depth

From

(m)

To

(m)

Interval

(m)

Cu Au

(g/t)

Ag

(g/t)

Ag Eq (Oz/t)

MM-02

Includes

243 -70 122.8 68.6

105.2

114.3

114.3

45.7

9.1

0.56%

0.54%

0.07

0.11

15.4

39.3

2.0 oz/t

2.6 oz/t

MM-03

Includes

263 -70 158.6 91.5

102.1

134.1

112.8

42.6

10.7

0.38%

0.93%

37.5

90.2

2.1 oz/t

5.2 oz/t

MM-05

Includes

279 -45 89.3 0

1.5

89.3

15.2

89.3

13.7

0.28%

0.47%

16.5

30.0

1.2 oz/t

2.2 oz/t

MM-06

Includes

- -90 119.8 1.5

1.5

97.5

45.7

96.0

44.2

0.57%

1.14%

0.10

0.15

39.2

71.0

2.7 oz/t

5.2 oz/t

MM-07

Includes

290 -45 146.4 76.2

106.7

126.5

126.5

50.3

19.8

0.31%

0.53%

0.31

0.56

50.8

100.1

2.2 oz/t

4.1 oz/t

MM-17

Includes

Includes

119 -70.5 160.1 4.6

44.2

117.4

18.3

86.9

123.5

13.7

42.7

6.1

0.05

0.03

0.04

15.9

16.8

51.0

0.6 oz/t

0.6 oz/t

1.6 oz/t

MM-18 304 -45 146.2 21.9 51.1 29.2 0.69% 30.5 2.8 oz/t

MM-21 068 -44 351.4 12.2

242.4

344.5

291.1

332.3

48.7

0.13%

0.32%

12.0

16.5

0.70 oz/t

1.37 oz/t

MM-20

Includes

014 -44 323.9 31.1

207.3

323.9

323.9

292.8

116.6

0.09%

0.32%

0.10

0.15

5.5

6.3

Note: Silver equivalency (Ag Eq. Ounces) includes silver and copper and excludes gold values and is calculated based

on 5 year historic metal price trends of US$24/oz silver and US$3/lb copper. Metallurgical recovery of 100% is assumed.

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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

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Majuba Hill – Hole MM-21

• 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.

• Permitting is underway for a 20 hole development drill program at Majuba Ridge

designed to establish an initial NI 43-101 compliant inferred resource estimate by

the end of 2013.

• Preliminary metallurgical testing achieved leach recoveries of 84.6% for Cu

(Sulphuric acid - 14 days) and 73.4% for Ag (thiosulphate - 24 hrs)

• Metallurgic testing is ongoing to determine optimum copper and silver recovery

through different heap leach methodologies and processing technologies, including

SX-EW for copper extraction.

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Majuba Hill – Drill Holes Location

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Majuba Hill – Silver Soil Geochemistry

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Majuba Hill – Copper Soil Geochemistry

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Majuba Hill – Drilling 2011

Majuba Hill – Drilling 2011

2 x 1 km

Soil anomaly

1 x 0.75 km

target area Nov 2011 – four holes totalling 674 m: MM-17 extends high grade silver zone 750 m to SE

MM-18 intercepts 29.2 mo of 30.5 g/t Ag and 0.69% Cu

June 2011 – 1,110 m (8 hole) core drill program: High grade intercepts over long intervals at Copper

Stope (96 m of 39.2 g/t Ag and 0.57% Cu in hole MM-6)

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Majuba Hill – Drilling 2011

Majuba Hill – Exploration 2012

2 x 1 km

Soil

anomaly

1 x 0.75 km

target area

Sept 2012 – Hole MM-21 (351 m)

extends mineralized zone from Copper

Stope to Ball Park along Majuba Ridge

Oct 2012 – Seven holes (521 m) test

extent of mineralization at De Soto

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Majuba Hill – Exploration and Development 2013 and Beyond

Objectives for 2013:

Drilling for inferred resource estimate at Majuba Ridge (size

and grade)

Preliminary Economic Assessment (internal)

Identify and test additional targets to NE to expand resource

potential beyond initial 100 MMT target

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Additional Exploration Projects – 2013

East Manhattan Wash, Nevada (100%)

Diamond Peak, Nevada (100%)

78 claims (1,560 acres) in Manhattan Mining District, Nye County, located 8 miles south of

Kinross/Barrick Round Mountain Mine (+ 12 MM oz ounces of gold produced)

Recovered 4.9 g/t gold and 1.2 g/t silver from 793 lb bulk sample in 2009.

Assays from 163 soil samples taken in 2010 produced values to 1.27 g/t gold.

Permit applications have been filed for an extensive drill program to determine the overall

depth and grade of the mineralization.

58 claims located at the south end of the Carlin Trend, 32 miles north of Eureka and the

Archimedes gold deposit (Barrick)

Exploration by MK Gold in 1999 encountered:

106 g/t silver in outcrop (3.09 oz/t) which was never followed up

11.6 % of Zinc over 1.5 meters within 20 meters of surface

geochemical grids in 2011 confirmed high silver zone in the south extends to the east, with soil

assays of up to 5.8 g/t Ag and an outcrop sample of 53.5 g/t Ag

Permitted for drilling of new gold, silver and zinc targets identified by sampling.

Tel: 1 (866) 331-5088

E-Mail: info@maxresource.com

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