MMEX Resources Corp (MMEX)

[I FAR I]

MMEX...Hahahaha...News and it's ALL good!

We have now reached agreement for our Residual Fuel
(“ATBs”) off-take with a SUPER-MAJOR ENERGY AND TRADING COMPANY. We will rail the
ATBs to the Texas Gulf Coast Markets points of delivery they designate. Our Residual
fuel oil that is planned to meet the IMO 2020 Sulphur standard is a highly sought- after
marine fuel beginning January 1, 2020. Along with our projected Diesel sales, these two
agreements place 70% of our planned production under off-takes with extremely strong
balance sheet buyers. We are continuing our negotiations for Naphtha production with
the points of delivery the remaining open item. Once the Naphtha agreement is signed,
this will complete our product off-take slate, which along with our EPC contracts are the
pathway to our financing. Along with our signed diesel off-take at our plant tailgate, all
three agreements contain call provisions by the counter parties on our additional capacity
and production.

https://www.mmexresources.com/pdf/MMEX_Shareholder_Letter_May_2019.pdf

"This is a great project. It has robust economics in it," Jack Hanks

MMEX - Get Ya $ome!

“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”