Slide 1: 3 Tier-One Exploration Assets in South America
Sierra Azul Copper Silver COLOMBIA MORA Gold Silver COLOMBIA Florália High Purity Iron 3 Tier-One Exploration Assets in BRAZIL South America May 13, 2026 Corporate Presentation TSX-V: MAX | FSE: M1D2
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) has been prepared solely for informational purposes in supplied herewith or subsequently communicated in written, electronic or oral form to any person in connection with the contemplated issue of shares in Max Resource Corp. (“Max” or the “Company”)
Slide 3: Corporate Share Structure
Corporate Share Structure Other Category Amount 4% Shares Outstanding 54 Million Options 2 Million Mgmt & Advisors 12% Warrants ($1.24/March 28,2026) 3.7 Million Institutions 20% Market Capitalization ~$20 Million Cash (December 31, 2025) $2.0 Million High Net Worth 26% 4m Bolt Shares + 2m Pre-Paid¹
Slide 4: Executive Leadership Team
Executive Leadership Team Brett Matich M.Eng, ASCE, AICD Dr. Chris Grainger B.A.Sc., PhD BOARD AND DIRECTORS ADVISORS AND MGMT CEO, President and Director In-Country Technical Advisory (Colombia and Brazil) Mr. Matich as CEO and Founder of Aztec Resources (ASX: AZR), developed Koolan Combining over
Slide 5: Is the World Entering a Full-Scale Commodity Supercycle?
Is the World Entering a Full-Scale Commodity Supercycle? According to veteran resource investor John Polomny, the world is entering the early innings of a full-scale commodity Supercycle January 2, 2026 ❯ Highest Recorded Copper Prices in 2025: Strong Bullish Outlook for Copper in 2026 www.fexempire
Slide 6: 3 Tier-One Exploration Assets in South America
3 Tier-One Exploration Assets in South America ❯ Mora Gold Silver (100% rights) Sierra Azul Copper Silver COLOMBIA Surrounded by 3 Multi-Billion-Dollar Giants • Collective (NYSE: CNL), Guayabales, AngloGold (NYSE: AU) abut 4.8 km of borders • ARIS (NYSE: ARIS) Marmato abut 3.4 km eastern border, est
Slide 7: Mora Gold Silver: Surrounded by Giants
Mora Gold Silver: Surrounded by 3 Giants • Newly acquired Mora Gold Silver (700ha Mining Concession) lies along the Middle Cauca Gold Belt, one of the world’s most productive gold belts, within the Marmato gold district (gold mining ancient times) adjacent to major mining infrastructure, 70 km south
Slide 8: BX/BQ and NAN Targets: 5,000m Mineralized Corridor
BX/BQ and NAN Targets: 5,000m Mineralized Corridor The NAN target lies at the same elevation to the neighbouring Marmato Deeps (high-grade) deposit and the Ramp Target (high-grade) • Apollo/Ramp B-B¹ (1,900m ASL), Marmato (1,500m ASL), Marmato Deeps (1,100m ASL) C-C¹, • BQ Target A-A¹(1,500m ASL) an
Slide 9: NAN: El Oso and El Cielo U/G Mines
NAN: El Oso and El Cielo U/G Mines El Oso Underground (U/G) mine (Depth: 37.0) • Mega Drill Holes: collected 42 metre-by-metre channels over the entirety of the El Oso U/G – 37.5m Main and 10.0m Upper Levels • Objective: of the channel sampling program is to gain an understanding of the mineralizati
Slide 10: Mora Gold Silver: Next Steps
Mora Gold Silver: Next Steps ❯ Team With Proven Track Record • Mr. Cocunubo as Head Geologist (previously Head Exploration for CNL) Technical Advisor Dr. Grainger (co- founder of CNL) • Scott Franko technical advisor 2012 highlights: 13.2 g/t gold, 1,647g/t silver over 5.9m (wt. av. 7 channel cuts)
Slide 11: Sierra Azul Copper Silver in Colombia
Sierra Azul Copper Silver in Colombia Freeport-McMoRan (NYSE: FCX) rights to earn up to 80% of Sierra Azul by Funding Cumulative Expenditures of $50m ❯ Fully-Funded by Freeport-McMoRan • Strong validation and de-risking advantage with a one of the world’s largest copper producers - assigns credible,
Slide 12: Sierra Azul Copper Silver
Sierra Azul Copper Silver A wholly owned, lies on the world-leading Andean copper belt 3 priority Districts (AM, CON, URU) over 120 km of strike ❯ AM District • Copper Silver System 20 km long; 15 targets (AM-01 to 15) • 1.6% copper & 7 g/t silver over 59.0m (channel) • 1.6% copper & 6 g/t silver ov
Slide 13: AM District: Manto-Style Mineralization
AM District: Manto-Style Mineralization ❯ New AM-13 & AM-15 Manto-Style Discoveries Analogous to the prolific manto-style copper-silver deposits of northern Chile’s Tocopilla-Taltal district. The corridor extends over 100 km and hosts multiple economic deposits, including Mantos Blancos, which enter
Slide 14: CON District: 30 km South of AM
CON District: 30 km South of AM Two High Priority Targets 1.6 km Apart – Potentially New District Scale Copper System ❯ CON-1 Target • 3.7-km surface rock chip samples average 4.9% Copper (2% cut-off) Highlight assays include: • 6m @ 7.5% Copper & 86 g/t Silver • 10m @ 5.2% Copper & 42 g/t Silver ❯
Slide 15: URU District: Southern Area Spans Over 20-km
URU District: Southern Area Spans Over 20-km Max Conducted the First Drill Program for Copper Silver in the Cesar Basin ❯ Maiden Diamond Drill Highlights • 2,244m at URU-C and URU-CE (750m east) • All 12 holes intersected mineralized zones • 6 intersected significant Copper Silver mineralization ❯ U
Slide 16: Florália High Purity Iron in Brazil
Florália High Purity Iron in Brazil ❯ Florália High Purity Iron (100% Max Brazil) ❯ Brazil’s Steel Industry Hub • Alongside largest iron ore mine in Minas Gerais, Fully Funded by Bolt Metals (CSE: BOLT) Brazil’s largest iron and steel producing State. • Bolt issuing 4m Bolt Shares + 2m pre-paid Bolt
Slide 17: Prolific Iron Ore Mining District and Markets
Prolific Iron Ore Mining District and Markets Florália Historic Mine Drilled Exploration Target: 50 to 70 Mt at 55-61% Fe¹¯² Low-Cost Dry Processing Florália Iron Target mining approvals by 2026 YE (1.5 Mtpa) Haul Roads to Vale, ArcelorMittal & Rail Rail Network to Steel Mills Global Market Reach Ne
Slide 18: Florália High Purity Iron Project Flyover
Florália High Purity Iron Project Flyover Visual Shows Visuals 2021: Historic open cut (252,000t) 2024: Channel and road cuts of 149: • 131 returned 50-61% Fe with low phosphorous of 0.01-0.05% 2025: LiDAR/Magnetic under soil cover 2025: ET: 50 to 70 Mt at 55 to 61% Fe* 2025: Maiden drill program: •
Slide 19: Florália to Date and Next Steps
Florália to Date and Next Steps ❯ Prolific Iron Mining and Infrastructure Diamond Drill Core • Minas Gerais, Brazil’s largest iron and steel producing State ❯ Defined High Purity Iron Exploration Target • Defined Exploration Target: 50 to 70 Mt at 55-61% Fe* ❯ Local Market • Establish roads: (16km)
Slide 20: Why Invest in Max Now
Why Invest in Max Now Management Team Track Record, Generated over $2 Billion in Shareholder Returns Mora Gold Silver 2026 Q2 2026 Marmato multi-million-oz (TSX: ARIS) Mega Drill Holes: channel sample UG mines Drilling: inaugural program World class discovery (TSX: CNL) Scale and continuation of 5,0
Slide 21: Investment Summary
Investment Summary ❯ Management Record Investors • Management Record of developing mines and accumulated over $2 billion returns for shareholders ❯ Global Commodity Supercycle • 3 Tier-1Exploration Assets gain investor exposure to Gold, Silver, Copper and Iron Ore ❯ Mora Gold Silver - Surrounded by
Slide 22: Low Capital and CAPEX Comparable
Low Capital and CAPEX Comparable DSO Deposit Capital Haulage to Market Activity (Value) Company Country AUD Port/Buyer Ownership Stage AUD Bolt Metals Corp Florália Exploration Target 15 km road to Rail Terminal 100% By 2026YE (CSE: BOLT) 50-70 Mt at 55-61% Fe* 16 km road to Brutucu (Vale) 1.5 Mtpa
Slide 23: Max CEO Development Record: Koolan Island
Max CEO Development Record Brett Matich developed Koolan Island as Comparison to Florália Pathway Koolan Island historic iron mine (80m BSL) Koolan high purity iron product Remote: limited tons upside (200m BSL) Nil “Haulage to Port” Cost Koolan Island 2002: $0.02 is AZR (CEO: Brett Matich) 2004: Dr
Slide 24: Appendix: Disclosures, Reference Information & Sources
Appendix* Slide Disclosures, Reference Information & Sources Number Source: https://aris-mining.com/operation/reserves-and-resources/, P&P Reserve: 31.3Mt @ 3.2g/t Au, M&I Resource: 61.5Mt @ 3.0g/t Au for 9.2Mozs 6 Max advises investors that the gold mineralization at the Marmato gold deposit and th
Slide 25: Corporate Communications
Sierra Azul Copper Silver COLOMBIA MORA Gold Silver COLOMBIA GET IN Florália High Purity Iron BRAZIL TOUCH Tim McNulty Corporate Communications Tel: (+1) 604 290 8100 Email: info@maxresource.com Website: www.maxresource.com
Slide 26: Sierra Azul: Next Steps
Sierra Azul: Next Steps Fully Funded 2026 exploration program objectives: ❯ AM Target of 50 -100 Mt for 1.0 to 1.2% CuEq. • AM-District: expand and consolidate an exploration target • CON District: generate priority targets over the 3.7-km surface rock chip samples average 4.9% copper (2% cut-off) •