CESAR PROPERTY

Project Highlights

• Historic Drilling – 200-km District Scale
• Highlight values of 34% copper and 205 g/t silver
• Two new high-grade copper discoveries in 2021
• Colombia Expert and in-country teams
• Sustainable community relationships
• Colombia the country ranked as #1 in South America for investment attractiveness by the Fraser Institute in 2020

Project Overview

The wholly owned* CESAR property is located along the Andean Belt, the worlds #1 producing copper belt, 420-km north of Bogota, NE Colombia. The 40-km long CESAR target zone lies nearby major infrastructure and mining operations (BHP, XStrata, Anglo American). CESAR is very similar to Kupferschiefer, the worlds #6 copper and #1 silver producer. The 11-km AM NORTH zone is open in all directions with highlight values of 34.4% copper + 305 g/t silver across 0.5-metre continuous horizon. The 4 x 3-km AM SOUTH zone is 40-km SWW of AM North and is open in all directions, with highlight values of 5.8% copper + 80 g/t silver from 0.1 to 25-metre horizon intervals. MAX aims to continue to expand the CESAR to Kupferschiefer footprint comparison.

*Subject 15% Profit Share of Product. Max has exclusive first right to buy.

Majors in Colombia

Analogous to Kupferschiefer

Two concise exploration objectives

• Advance URU and CONEJO: systematic mapping of the rock bearing mineralization to significant expand surface extent and grades;

orientation and delineate drilling targets

• Continue to identify new discoveries, analysis of 1,000’s of metres of historical drill core and structural modelling to demonstrate the district-scale of the CESAR

Max cautions investors the presence of stratabound copper-silver mineralization at Kupferschiefer is not necessarily indicative of similar mineralization at Cesar.

CESAR North

AMS Copper-Silver Discovery

Overview

January 2020, (previously AM South) zone; first CESAR stratabound copper-silver discovery, expanded to 16-km², and open along strike and down dip. Highlights of 5.8% copper and 106 g/t silver from 0.1 to 25m

• Occurs on trend 40-km SSW of the AMN Discovery (March, 2020)
• 16-km² of continuous copper-silver mineralization, open along strike and down dip
• highlights of 5.8% copper and 106.0 g/t silver from 0.1 to 25-metre intervals

AMN Copper-Silver Discovery

Overview

March 2020, located 40-km north of AMS, the AMN (previously named AM North) zone, expanded to 29-km², open in all directions. Highlight values of 34.4% copper and 230 g/t silver

• AMN lies within the 80-km long CESAR North target zone, consists of Kupferschiefer-type copper-silver mineralization spanning over 29-km²
• Highlight values of 0.1 to 34.4% copper and 5.0 to 305.0 g/t silver over continuous intervals ranging 0.1 to 25.0-metres
  • 5.8% copper + 51 g/t silver over 25-metres*
  • 5.2% copper + 58 g/t silver over 25-metres*
  • 3.3% copper + 32 g/t silver over 25-metres*
  • 2.4% copper + 23 g/t silver over 25-metres*
  • 0.9% copper + 7 g/t silver over 25-metres*
  • 0.5% copper + 5 g/t silver over 25-metres*
  • 3.0% copper + 29 g/t silver along 250m (25m intervals as above)

*Max cautions investors composite representative rock grab sampling can be selective

CONEJO Discovery

Latest Update

March 2021, Max reported the CONEJO discovery, spanning over 3.2-km by 1.6-km and open in all directions. Highlight values of 12.5% copper and 120 g/t silver from panels varying from 5.0m by 5.0m to 1.0m by 1.0m*

• CONEJO spans 3.2 by 1.6-kilometre zone, open in all directions; located within the CESAR North target zone
• 22 rock panel samples returned above 5.0% copper varying from 5.0m by 5.0m to 1.0m by 1.0m
• Overall, seventy-six rock panel samples returned significant values over 1.0% copper
• Highlight assays greater than 6% copper:
  • 12.5% copper + 84 g/t silver, 5.0m x 5.0m
  • 10.7% copper + 52 g/t silver, 1.0m x 1.0m
  • 10.5% copper + 50 g/t silver, 3.0m x 2.0m
  • 10.4% copper + 95 g/t silver, 5.0m x 5.0m
  • 10.2% copper + 62 g/t silver, 5.0m x 5.0m
  • 10.0% copper + 80 g/t silver, 5.0m x 5.0m
  • 9.0% copper + 68 g/t silver, 1.0m x 1.0m
  • 8.9% copper + 66 g/t silver, 1.0m x 1.0m
  • 8.7% copper + 89 g/t silver, 5.0m x 5.0m
  • 8.4% copper + 60 g/t silver, 5.0m x 5.0m
  • 7.9% copper + 21 g/t silver, 5.0m x 5.0m
  • 7.7% copper + 84 g/t silver, 5.0m x 5.0m
  • 7.4% copper + 47 g/t silver, 5.0m x 5.0m
  • 7.3% copper + 80 g/t silver, 3.0m x 3.0m
  • 7.0% copper + 45 g/t silver, 5.0m x 5.0m

URU Major Discovery

Latest Update

April 2021, lying along the southern portion of CESAR North; Fifteen rock chip channels over widths of 10m, along 4-km of strike, returned values greater than over 1% copper, highlight values of 5.7% copper and 14 g/t silver

• Fifteen rock chip channels over widths of 10-metres, along 4- kilometres of strike, returned values greater than over 1% copper, highlight values of 5.7% copper and 14 g/t silver
• Highlights of the URU Zone Assay Results:
  • 4.3% copper and 8 g/t silver over widths of 10m (876065)
  • 3.6% copper and 12 g/t silver over widths of 10m (876687)
  • 3.0% copper and 6 g/t silver over widths of 10m (876685)
  • 2.2% copper and 5 g/t silver over widths of 10m (876064)
  • 2.0% copper and 1 g/t silver over widths of 10m (876097)
  • 1.9% copper and 1 g/t silver over widths of 10m (876072)
  • 1.9% copper and 9 g/t silver over widths of 10m (876067)

SP Copper Zone

April 2021, new occurrence, lies along the mid portion of the 80-kilometre CESAR North zone

Third Party Validations

• Professor Adam Piestrzyski of AGH, Kupferschiefer Expert stated:
  • Similarities:"basin characteristics, lithology, mineralogy, grades"
  • Difference:"Kupferschiefer orebody starts at 500m below surface, CESAR coppersilver mineralization starts at surface"
  • Potential:"This new discovery could lead to the discovery of several major copper-silver occurrences, similar in size and nature to Kupferschiefer in Poland"
• Collaboration agreement with world leading copper producer under CA
• Working in collaboration with the National Columbian school of mines
• Max achieved Top 10 Ranked Company in the Mining Sector on the TSX Venture 50 ™ for 2021, achieving a market cap increase of 1,992% and a share price increase of 282% in 2020