1. Silver/Copper/Gold
Exploration and Development
Nevada
November 2012

2. Disclaimer
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.
2

3. Investment Highlights
Drilling in 2011 and 2012 confirmed that Majuba Hill in Nevada is a porphyry system with a
chalcocite blanket
Near surface high-grade Ag/Cu/Au supergene oxide mineralization - potential bulk
tonnage open pit deposit.
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)
- Hole MM-21: 332 M of 12 g/t Ag and 0.13% Cu
Mineralization identified over 500 m of strike and to a depth of 350 m.
Permitting 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.
Management experienced in large scale open pit mining, exploration and finance.
In the vicinity of 3 major mines under development by major producers (Coeur d’Alene,
Barrick and Allied Nevada)
Attractive share structure with only 24.5 million shares issued
3

4. Corporate Structure
Share structure (Nov 30, 2012)
(Nov 30, 2012)
Common Shares:
Common Shares: 24,505,985
24,505,985
Options:
Options: 3,280,000
3,280,000
Warrants:
Warrants: 2,016,755
2,016,755
Fully-diluted:
Fully-diluted: 29,802,740
29,802,740
Cash:
Cash: $ 700,000
$ 700,000
Market cap.
Market cap. $ 3.4 Million
$ 3.4 Million
Management ownership:
Management ownership: 36%
36%
4

5. Management
Stuart Rogers
- 25 years of experience in public company finance and management
- founder and former CFO of Prophecy Resource Corp. (TSX: PCY)
President and Director
Clarence (Clancy) Wendt, - 45 years of experience in gold and silver exploration in the Americas
P. Geo, F AusIMM, CP Mgmt - involved in discovery of 12 gold deposits in Nevada totaling 17 MM oz Au
- Past President of Geological Society of Nevada
VP Exploration and Director - recent gold discovery – Crowsnest in Southeast B.C. in 2009
Ian Smith
- over 40 years of experience in the development of large scale open pit copper
B.E. (Mining) Hons,
mines on an international basis
F AusIMM, CP Mgmt
- projects included Red Chris (B.C.) Bougainville (PNG) and La Caridad (Mexico)
Director
Dan MacInnis, - President of MAG Silver (Amex: MVG)
P. Geo - managed and directed multi-million dollar exploration programs for Noranda
Exploration, Battle Mountain Gold/Hemlo Gold, and Sargold Resources.
Director - Discoveries include gold and base metal deposits in the US, Canada and Mexico.
5

6. Exploration Highlights
Soil sampling and drilling by MAX at Majuba Hill in 2012 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 500 m to the southeast 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
Drilling in early 2011 intercepts high-grade copper and silver near surface.
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
DeSoto Discovery - Dec 2011
Step 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 Majuba mine site
6

7. Project Location and Infrastructure
Majuba Hill- Copper/Silver/Gold
2,568 acres comprised of
patented and unpatented
claims and private mineral
rights
high grade Cu/Ag oxide
mineralization – low cost
heap leach processing
23 miles north of Liberty Silver’s
Large scale bulk tonnage
(TSX:LSL) Trinity silver project (NI 43-
open pit potential 101 inferred resource of 1.9 MT
@1.37 oz/t Ag at 0.65 oz/t cutoff)
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
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)
7

8. Majuba Hill – Project Area
Majuba Project Boundary
Majuba Mountain
Majuba Placers
Patented Claim Boundary
- 2,568 acres that include patented claims encompassing historic Majuba Hill mine 8

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-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
9

10. 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 November 15, 2013;
• $200,000 on November 15, 2014;
• $200,000 on November 15, 2015; and
• $200,000 on November 15, 2016.
The Majuba Hill property will be subject to a 1% NSR.
There are no work commitments or other ongoing obligations.
10

11. 2012 Exploration targets
Majuba Mine 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 starting from surface
(includes 44.2 m of 1.14% Cu, 71 g/t Ag and 0.15 g/t Au)
Phase III drilling in 2012 extends high grade oxide mineralization from Majuba Mine to Ball Park
along Majuba Ridge: Hole MM-21 intercepts 332 m of 12 g/t Ag and 0.13% Cu
Ball Park Target
Defined by MAX soil sampling in August 2011
DeSoto Target
Extension of Majuba Mine mineralized system
Drilling in Dec 2011 - (MM-17) intercepts 42.7 m of
16.8 g/t Ag, 13.7 m of 15.9 g/t Ag and 6.16 m of Ball Park Target
51.0 g/t Ag
DeSoto Target
Majuba Mine Target
MAX sampling in 2011 identifies 2 x 1 km coincident high
grade Ag and Cu soil anomaly
Sampling returned 1.53% Cu and 6 oz/t Ag in soils
1500 m1500 m
Discovery hole (MM-18) intercepts 29.2 m of 30.5 g/t Ag and
0.69% Cu 11
11

12. MM-6: 96.0 m @ 0.57% Cu/ 39.2 g/t Ag (1.5 to 97.5 m)
MM-2: 45.7 m @ 0.56% Cu/ 15.4 g/t Ag (68.6 to 114.3 m) Incl: 44.2 m @ 1.14% Cu/ 0.15 g/t Ag/71.0 g/t Ag
Incl: 9.1 m @ 0.54% Cu/ 39.3 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-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-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
e
Zon
lt
Surface Projection of underground
Fau
workings at Majuba Mine
uba
Maj
MM-21: 332 m of 12 g/t Ag and 0.13% Cu
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.
Majuba Hill
-Majuba Mine Site looking NW
12

13. Majuba Hill – Copper Oxides at Copper Stope
Hole MM-06 – 254 g/t Ag and 3% Cu over 5 feet
13

14. Majuba Hill – Drill Results 2011 and 2012
Hole Azimuth Angle Total From To Interval Cu Au Ag Ag Eq (Oz/t)
Depth (m) (m) (m) (g/t) (g/t)
MM-02 243 -70 122.8 68.6 114.3 45.7 0.56% 0.07 15.4 2.0 oz/t
Includes 105.2 114.3 9.1 0.54% 0.11 39.3 2.6 oz/t
MM-03 263 -70 158.6 91.5 134.1 42.6 0.38% 37.5 2.1 oz/t
Includes 102.1 112.8 10.7 0.93% 90.2 5.2 oz/t
MM-05 279 -45 89.3 0 89.3 89.3 0.28% 16.5 1.2 oz/t
Includes 1.5 15.2 13.7 0.47% 30.0 2.2 oz/t
MM-06 - -90 119.8 1.5 97.5 96.0 0.57% 0.10 39.2 2.7 oz/t
Includes 1.5 45.7 44.2 1.14% 0.15 71.0 5.2 oz/t
MM-07 290 -45 146.4 76.2 126.5 50.3 0.31% 0.31 50.8 2.2 oz/t
Includes 106.7 126.5 19.8 0.53% 0.56 100.1 4.1 oz/t
MM-17 119 -70.5 160.1 4.6 18.3 13.7 0.05 15.9 0.6 oz/t
Includes 44.2 86.9 42.7 0.03 16.8 0.6 oz/t
Includes 117.4 123.5 6.1 0.04 51.0 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 12.2 344.5 332.3 0.13% 12.0 0.70 oz/t
242.4 291.1 48.7 0.32% 16.5 1.37 oz/t
MM-20 014 -44 323.9 31.1 323.9 292.8 0.09% 0.10 5.5
Includes 207.3 323.9 116.6 0.32% 0.15 6.3
Note: Silver equivalency (Ag Eq. Ounces) includes silver and copper and excludes gold values and is calculated based
14
on 5 year historic metal price trends of US$24/oz silver and US$3/lb copper. Metallurgical recovery of 100% is assumed.

15. 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
15

16. 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.
• Metallurgic testing is currently underway to determine optimum copper and
silver recovery through different heap leach processes and methods.
16

17. Majuba Hill – Drill Holes Location
17

18. Majuba Hill – Silver Soil Geochemistry
18

19. Majuba Hill – Copper Soil Geochemistry
19

20. Majuba Hill – Drilling 2011
Majuba Hill – Drilling 2011
20

21. Majuba Hill – Outlook 2012 and beyond
June 2012 – 900 m drill campaign:
2 x 1 km
Tested extent of mineralization at DeSoto
Soil anomaly
target
Extended mineralized zone at Copper Stope to
Ball Park along Majuba Ridge
2k
m
1 x 0.75 km
target area
Objectives for 2013:
Drilling for an initial resource estimate at
Majuba Ridge to validate our model (size
and grade).
Majuba HilltestDrilling 2011 areas to
Identify and
– additional target
expand resource potential beyond 100 MMT 21

22. Additional Exploration Projects – 2013
East Manhattan Wash, 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.
Diamond Peak, Nevada (100%)
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.
22

23. Tel: 1 (866) 331-5088
E-Mail: info@maxresource.com
www.maxresource.com
TSX-V: MXR OTC BB: MXROF Frankfurt: M1D