CONFIDENTIAL January 2018

Pecos County Refinery ProjectFort Stockton, Texas

Executive Summary

MMEX Resources CorporationOil • Gas • Refining • Terminals • Power

Disclaimer and Forward-Looking Statements

Any project descriptions or financial projections contained in this presentation have been delivered for the purpose of presenting the Pecos CountyRefinery Project (“Project”) proposed by MMEX Resources Corporation (“MMEX”) and do not constitute an offer to sell, or a solicitation of offers tobuy, securities.

Except as otherwise indicated, this presentation speaks as of the date hereof. The project projections have been prepared by management of the Projectand represent their current best estimate of possible results of the Project’s operations and prediction of future events based upon assumptions, whichmay or may not occur, and should not be relied upon to indicate the actual results (financial or otherwise) that will be attained by the Project. Actualresults attained by the Project may be different, and such difference may be material. Accordingly, neither the delivery of this presentation nor anypurchase or sale of securities made subsequently by any investor in MMEX shall, under any circumstances, create any implication that there has beenno change in the affairs of the Project after the date hereof.

The projections contained in this presentation are, in their entirety, forward-looking statements and involve substantial risks and uncertainties that maycause actual results to differ materially from those indicated herein. The assumptions upon which these forward-looking statements are based, including,but not limited to, assumptions about our strategies, expectations about new and existing Projects, market demand and penetration, acceptance of newand existing Projects, technologies and opportunities, market size and growth, regulatory issues, Project launch timing, and return on investments inprojects and markets, are based upon information reasonably available to us as of the date of this presentation. For a discussion of important factors thatcould cause actual results to differ from such forward-looking statements, please see the MMEX 10-K and 8-K filings made with the SEC. MMEXassumes no obligation to update this presentation to reflect new information, actual results, future developments or changed circumstances.

The projects described in this presentation may be modified by MMEX, without notice, at any time.

q Private Securities Litigation Reform Act of 1995

Ø The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

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Except for the historical information contained herein, the matters discussed in this presentation are forward-looking statements that involverisks and uncertainties, which could cause our actual results to differ materially from those described in the forward-looking statements.These risks include, but are not limited to, general business conditions, the requirement to obtain financing to pursue our business plan, ourhistory of operating losses and other risks detailed from time-to-time in MMEX's SEC reports. MMEX undertakes no obligation to updateforward-looking statements.

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MMEX

1. Overview

2. Project Location

3. Refinery Schematics

4. Project Status Report

5. Appendices

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q MMEX was formed September 2010

q MMEX is affiliated with Maple Resources Corporation (“MRC”)Ø Established in 1986, in Dallas, Texas.

Ø Privately held corporation, registered in Delaware, with its principal operating office in Texas.

Ø Engaged in a number of oil and gas and mid-stream acquisitions.

Ø Sold substantially all of its existing U.S.-based assets in 1992 and began pursuing energy projectsin Latin America.

Ø Maple Peru acquired a 4,000 barrel/day refinery in Pucallpa, along with 3 producing oil fields.

Ø Built the $273 Million Aguaytia Project in Peru, with natural gas production, processing, pipelines,fractionation and power generation.

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MMEX – Company Overview

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MMEX

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1. Overview

2. Project Location

3. Refinery Schematics

4. Project Status Report

5. Appendices

q Phase I: 10,000 BPD - Crude Distillation Unit at Pecos County SiteØ Land acquired on July 28, 2017Ø Permit Issued by Texas Commission on Environmental Quality on August 30, 2017Ø Detailed Engineering and Design CompletedØ Commercial Operations projected to commence mid to late 2019Ø Product slate provides for off-spec diesel, marketed to oil and gas companies in Permian BasinØ Transport Naphtha and ATB products by railroad or pipeline to Texas Gulf Coast or Mexico markets

q Phase II: 100,000 BPD - Large Scale Refinery at Pecos County SiteØ Expanded capacity from announced 50,000 BPD to 100,000 BPDØ Full product slate of transportation spec fuels to Western U.S. and MexicoØ Permitting on parallel track with construction of CDU, 15-18 month time frameØ Commercial Operations projected to commence in 2021

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Pecos County Refinery Project – Overview

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Sulfur Junction, 20 miles North East (NE) of Fort Stockton, Texas

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Project Location – Overview

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Project Location – Easement Construction

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Project Location

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Easement Construction

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MMEX

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1. Overview

2. Project Location

3. Refinery Schematics

4. Project Status Report

5. Appendices

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Crude Distillation Unit

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q A CDU is a simplified refinery and allowsfor distillation of crude into low-octanenaphtha, diesel and residual fuels.

q Does not include more complex refineryprocesses such as hydrotreating (to reducethe sulfur content in the diesel), reforming(to increase the octane of the naphtha andconvert it into gasoline) or cracking (toconvert heavier residual products into dieseland gasoline).

q Product Slate:

Product Estimated Yield % BPDOff-Gas (Burned in Heaters) 4.30% 430 Naphtha 23.00% 2,300 Diesel 42.00% 4,200 ATB/Residual 30.70% 3,070 Total 100.00% 10,000

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Layout of CDU

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Full Scale Refinery Flow Diagram

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Product Slate 50,000/100,000 BPD

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MMEX

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1. Overview

2. Project Location

3. Refinery Schematics

4. Project Status Report

5. Appendices

q Pecos County Refinery LocationØ CDU Footprint: 15 acresØ 126 acres closed on July 28, 2017Ø Right of Way/Easement Application Approved with

University LandsØ Available access to Hardtop Road maintained by Pecos

CountyØ Power Available: AEPØ Gas Available: Energy Transfer Pipeline on Location

q PermitsØ Trinity Consultants

https://trinityconsultants.comØ Permit filed with TCEQ on July 31, 2017Ø TCEQ issued permit on August 30, 2017

q O&M ContractØ Contract Negotiations Underway

q Crude SupplyØ 50,000 BPD Letter of Intent executed

q EPC ContractorsØ VFuels, LLC

http://www.vfuels.comØ Interstate Treating, Inc.

http://www.intertreat.comØ Via Rail Engineering

http://www.viarailengineering.comØ Scoping Study CompletedØ FEED Study CompletedØ Risk Mitigation in PlaceØ CAPEX for CDU: $50 MM

q MarketØ Naphtha - Permian Basin MktØ Diesel - Permian Basin Drilling OpsØ Residual (ATB’s) - Gulf Coast/Texas RefineriesØ Letters of Intent Executed for all Three Products

q FinancingØ MMEX Currently Employing its EquityØ Debt Term Sheet in Negotiations

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Project Status Report – CDU

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MMEX

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1. Overview

2. Project Location

3. Refinery Schematics

4. Project Status Report

5. Appendices

q About TXPF:Ø Owned by TxDOT, operated by U.S. subsidiary of

Grupo MéxicoØ Owns connecting rail lines, including Ferromex, Ferrosur

and Intermodal Mexico§ Ferromex has the largest rail coverage in Mexico

Ø Provides freight rail service on the U.S./Mexico border,between San Angelo Junction and Presidio, Texas

q Benefits of TXPF Route:Ø Runs directly through the site of the Refinery ProjectØ Construction of terminal for uploading products on-siteØ Provides immediate access to infrastructure in place for

transportation of products to downstream marketØ Interconnects East to Texas Gulf Coast Refineries

and Ports

q On Aug. 4, 2017, TxDOT announced that it received federalfunding to rebuild the international bridge at Presidio andto improve the track from Alpine to Presidio Rev. April 10, 2017| Page 18| Page 2 10

TXPF Route Map

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Texas Pacífico Railroad (TXPF)

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TXPF – Transporting Frac Sand Across MMEX Site

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Contact Us

MMEX Resources Corporation107 S. Main Street Fort Stockton, Texas 79735Telephone: +1.855.880.0400Email: info@mmexresources.comWebsite: www.mmexresources.com

Media Inquiries:Pierpont CommunicationsMorgan MoritzTelephone: +1.512.448.4950 Email: mmoritz@piercom.com

Investor Inquiries:Please contact MMEX Resources Corporation directly, at +1.855.880.0400 or investorrelations@mmexresources.com

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