Focused Focused

on on

Silver/Copper/Gold Exploration Silver/Copper/Gold Exploration

in in

NevadaNevada

Feb 2012Feb 2012

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

Investment Highlights

�Max last drilling campaign at Majuba Hill has confirmed a newly defined copper/silver/goldporphyry system with potential for a large bulk tonnage open pit deposit.

�Many drill holes have returned over 2oz Ag Eq/t on wide intersection -Hole MM-06 returned 96 m of 39.2 g/t Ag and 0.57% Cu (2.7 Ag Eq)inclusive of 44.2 m of 71.0 g/t Ag, 0.15 g/t Au and 1.14% Cu (5,2 Ag Eq)

�In the vicinity of 3 major mines under development by major producers (Coeur d’Alene, Barrick and Allied Nevada)

�Nevada focused

�Experienced management with proven exploration success in Nevada

�Well funded - $1.5 Million in working capital

�Attractive share structure with only 24.5 million shares issued

Low capitalization ($5 Million) vs

potential for world-class bulk tonnage open pit Ag/Cu/Au deposit

Investment Highlights

Corporate Structure

Share structure (Feb 29, 2012)

Common Shares: 24,505,985

Options: 3,715,000

Warrants: 2,016,755

Fully-diluted: 30,237,740

Working Capital: $ 1.5 Million

Market cap. $ 5 Million

Management ownership: 36%

Share structure (Feb 29, 2012)

Common Shares: 24,505,985

Options: 3,715,000

Warrants: 2,016,755

Fully-diluted: 30,237,740

Working Capital: $ 1.5 Million

Market cap. $ 5 Million

Management ownership: 36%

- 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

- President of Yellowhead Mining Inc. (TSX.V: YMI) developer of the Harper Creek Cu/Au/Agproject in B.C., potentially one of the largest copper development projects in Canada.

- over 40 years of experience in the development of large scale open pit copper mines 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 SmithB.E. (Mining) Hons, F AusIMM, CP Mgmt

Director

Dan MacInnis, P. Geo

Director

6

Recent soil sampling and drilling by MAX in 2011 on Majuba to date indicate that:

�High-grade copper and silver oxide mineralization exists well beyond the immediatearea of the past producing Majuba Hill mine.

�Majuba Hill is a newly defined copper/silver/gold porphyry system that has potential fora large bulk tonnage open pit deposit

�Two adjacent target area identified for testing:DeSoto• 2 km x 1 km high grade Ag/Cu soil anomaly within 500 m of Majuba Hill mine site• samples up to 1.53% Cu and 209 g/t Ag in soils • DeSoto soil anomaly remains open to northwest • only 2 holes drilled – drilling to resume in early 2012

Ball Park • immediately adjacent to southeast of Majuba Hill Mine; may be southeast extension of

mineralized zone

in 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

in hole MM-07 50.3 m of 50.8 g/t Ag, 0.31 g/t gold and 0.31% Cu

in hole MM-03 42.7 m of 37.5 g/t Ag and 0.38% Cu

New Discovery - Dec 2011Step out drilling intercepts 29.2 m of 30.5 g/t Ag and 0.69% Cu at DeSoto discovery zone 1.4 km to the northwest of earlier drilling.

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

Exploration Highlights

7

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

23 miles north of Liberty Silver’s

(TSX:LSL) Trinity silver project (NI 43-

101 inferred resource of 1.9 MT

@1.37 oz/t Ag at 0.65 oz/t cutoff)

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

9

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-KerrProduces 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’sdue 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 identifiessignificant 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

� DeSoto soil anomaly open to northwest; sampling to continue in 2012

10

Majuba Hill – Agreement with Claremont Nevada LLC

Earn-In Agreement with Claremont Nevada Mines , LLC (a private company) allows MAX to earn an initial 60% interest in Majuba Hill over six years byspending US$6,500,000 on exploration of the property, as follows:

• $500,000 in exploration work by March 4, 2012 ($880,000 completed); • a further $750,000 in exploration work by March 4, 2013;• a further $1,000,000 in exploration work by March 4, 2014;• a further $1,250,000 in exploration work by March 4, 2015;• a further $1,500,000 in exploration work by March 4, 2016; and• a further $1,500,000 in exploration work by March 4, 2017.

The Company can increase its interest in the property to 75% by spending a further$3,500,000 on exploration over a subsequent two year period. Claremont must thenparticipate in funding on a pro-rate basis to maintain its interest.

The Majuba Hill property will be subject to a 3% NSR payable to Claremont, 1.5% of whichmay be purchased at any time for US$1,500,000.

11

1500 m

2012 Exploration targets

1500 m

Ball Park Target

Copper Stope Target

DeSoto Target

Copper Stope Target

Ball Park Target

DeSoto Target

�Historic Production (8 MM lbs of Cu at 12% avg. grade, unrecorded Au and Ag)

�Near surface copper/silver/gold mineralization

�Phase I drilling: 96 m of 0.57% Cu, 39.2 g/t Ag and 0.10 g/t Au (including 44.2 m of 1.14% Cu, 71 g/t Ag and 0.15 g/t Au (starting at surface)

�Drilling in 2012 to test extension of mineralization from Copper Stope to Ball Park

�Max soil sampling in August 2011

�Potential extension of Copper Stope

�Historic drill hole by Mine Finders 1972: 100 ft 0.60% Cu and 14 g/t Ag

�MAX sampling in 2011 identifies 2 x 1 km coincident high grade Ag and Cu soil anomaly that remains open to northwest

�Sampling returned 1.53% Cu and 6 oz/t Ag in soils

�Drilling in 2012 to delineate ore body for NI 43-101inferred resource

�Inferred resource estimate by FYE 2012

12

Maju

ba F

ault

Zone

Surface Projection of underground

workings at Copper Stope

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

(Assays pending)

MM-21 (2012 Plan)

Majuba Hill-Copper Stope Target Looking NW

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

Majuba Hill – Copper Oxides at Copper Stope

Majuba Hill – Drill Results 2011

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

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.

Majuba Hill – Drill Holes Location

Majuba Hill – Silver Soil Geochemistry

Majuba Hill – Copper Soil Geochemistry

Majuba Hill – Drilling 2011

Majuba Hill – Drilling 2011

Majuba Hill – Drilling 2011

Majuba Hill – Outlook 2012 and beyond

2km

2 x 1 kmSoil anomaly

1 x 0.75 kmtarget area

April 2012 – 5,000 m drill campaign:�To outline > 50 MMT resource at DeSoto target�To extend mineralized zone at Copper Stope to

Ball Park

Objectives for 2012:Complete an initial resource estimate to validate our model (size and grade)

Extend and identify additional target areas to expand resource beyond 100 MMT

Additional Exploration Projects – 2012

East Manhattan Wash, Nevada (100%)

Diamond Peak, Nevada (100%)

�78 claims (1,560 acres) in Manhattan Mining District, Nye County, located 8 miles south ofKinross/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 overalldepth and grade of the mineralization.

�58 claims located at the south end of the Carlin Trend, 32 miles north of Eureka and theArchimedes 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 soilassays 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) 331Tel: 1 (866) 331--50885088

EE--Mail: Mail: info@maxresource.cominfo@maxresource.com

www.maxresource.com

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