themacresourcesgroup.com

Investor Presentation August 2013Investor Presentation • October 2013

Forward looking Statement

2

This presentation may contain certain information

that constitutes forward-looking statements.

Forward-looking information and statements are

frequently characterized by words such as "plan,"

"expect," "project," "intend," "believe," "anticipate"

and other similar words, or statements that certain

events or conditions "may" or "will" occur. The

forward-looking information and statements made in

this presentation are based on the opinions and

estimates of, and assumptions made by,

management at the date the statements are made.

Forward-looking information and statements are

subject to a variety of risks and uncertainties and

other factors that could cause actual events or

results to differ materially from those projected in

the forward-looking statements.

These factors include the inherent risks involved in

the exploration and development of mineral

properties, the uncertainties involved in interpreting

test results and other geological and technical data,

fluctuating metal prices, the ability to obtain

necessary permits and approvals, the availability of

funds to complete work programs and studies, and

other factors described above. The Company

disclaims any obligation to update or revise any

forward-looking statements if circumstances or

management's estimates or opinions should

change, except as required by applicable law. The

reader is cautioned not to place undue reliance on

forward-looking statements.

Copper Flat Project Low Cash Cost, Low Capital and High Return Project

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PermittingWell Advanced

(Late 2016 Start-Up)

Low Capital Intensity($[11,500]/tac)

Significant & Constant Production Profile

([35,000] tpa)

Well-DefinedCopper Reserve

([125]Mt @ [0.40]% Cu Eq)

High QualityCopper Concentrate

(28% grade)

Low Operating Costs (1st Quartile Cash Costs

of ($[1.42]/lb LOM)

Upside in Neighbouring

Tenements(Au and Ag)

Strong Project Returns

([19]% IRR; $[160]M NPV)

Strong Management Team and

Experienced Board

Strategic Location in Copper

Mining District

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3 4

5 6

87

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Andrew MaloneyCEO

Formerly Executive at The MAC Services Group, Australia’s largest integrated mining accommodation provider

Instrumental in The MAC Service’s Group’s growth, its public listing on the ASX in 2007, and the sale of the company in 2010 for $651m to the NYSE listed Oil States International Inc.

Currently Managing Director of Tulla Group, the investment office of the Maloney family

Holds a Bachelor’s Degree in Project Management from the University of Technology in Sydney and a Master’s Degree in Business Administration from IE in Madrid

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Jeffrey SmithCOO, Feasibility Study Manager

35 years of experience in the mining industry managing large, complex mining operations and construction projects and held various technical and executive positions with Echo Bay Mines, Coeur d’Alene Mines and Pan American Silver

Also worked for three years with Quintana Minerals Corp where he was the mine engineer at the original Copper Flat Mine and assisted with its construction, operation and closure

Masters Degree in Management, Licensed Professional Engineer and Qualified Person under NI 43-101

Kevin MaloneyChairman

Founder and Chairman of The MAC Services Group, formerly Australia's largest publicly listed provider of remote area mining accommodation and services until its acquisition by a US based NYSE listed entity in late 2010

Extensive career in retail banking, finance and resources

Joined Elders Resources in 1981 after spending 20 years with the ANZ Bank

THEMAC ResourcesToday’s Presenters

Canadian-listed (TSXV:MAC) resource company focused on developing and operating the Copper Flat Project

THEMAC Resources Group holds a 100% ownership interest in the Copper Flat Project

Strategic relationship with Tulla Resources, an investment group which owns 69.7%1 of THEMAC and is the provider of its current loan facility

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THEMAC acquires the option on 100% of Copper Flat from Mercator Gold

THEMAC releases Prefeasibility Study outlining a 25,000tpd open pit mine with average production of 23,000t Cu, 460t Mo, 12,750oz Au and 455,390oz Ag

Construction targeted to commence in 2015

Quintana Minerals brings Copper Flat into production as an open pit mine with a mill and concentrator (13,600tpd). The mine was in production for 3.5 months, but halted when copper prices declined

1982 2010 2012 2014 2015 20162011 2013

Commissioning targeted for late 2016

THEMAC releases Definitive Feasibility Study outlining a []tpd open pit mine with average production of []t Cu, []t Mo, []oz Au and []oz Ag

//

THEMAC ResourcesWho are we?

Shareholders InterestTulla Resources1

and Affiliates 69.7%

ECR Minerals 15.5%

Free Float 14.8%

(1) 69% interest in THEMAC is held through Tulla Resources (54.7%) and Marley Holdings (14.0%), a Tulla-related affiliate

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Located in one of the world’s most prolific copper districts

Port of Guaymas

Copper Flat Project Where are we?

US$10 million to fund the next 18 months prior to construction

Permitting (US$4 million)

Detailed Engineering (US$2 million)

Project Development Improvement (US$2 million)

General Corporate Purposes (US$2 million)

Currently funded by loans from Tulla Resources

Funding for construction is expected to be in place by Q3 2014

Debt funding expected to account for 60% – 70% of construction cost

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THEMAC ResourcesWhat are we looking for?

themacresourcesgroup.com

AppendicesInvestment Overview

98.1

225.6

[124.9]

[305.2]

Proven & Probable Measured & Indicated

Copper Flat Resources & Reserves (Mt)

PFS FS [35]%Measured & Indicated Sulfide Resource (Cu tons)From PFS to FS

[27]%Proven & Probable Sulfide Reserve (Cu tons)From PFS to FS

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1 Well Defined ReserveExtensive Drilling and Exploration Program has Significantly Increased Reserve Base

Copper Flat Mineral Reserves as Contained in Total Resources 1,2,3

(1) As per [2 April 2013](2) Mineral reserve based on $[3.00]/lb Copper, $[8.00]/lb Moly, $[1,350]/oz Gold and $[20.00]/oz Silver(3) Mine design based on $[2.50]/lb cone pit 10

1

Mineral ReserveTons

(000s)Cu Eq

(%)Copper

(%)Moly(%)

Gold(g/t)

Silver(g/t)

Proven 79,251 0.32 0.010 0.085 2.0Probable 45,630 0.23 0.005 0.085 1.4

Total 124,881 0.40 0.29 0.008 0.085 1.7

Well Defined Reserve (cont’d)Current Reserves of [125] Mt @ [0.4]% Cu Eq

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0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

0.45

0.50

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

1 2 3 4 5 6 7 8 9 10 11 12 13 14

Copper Equivalent1 Production and Grade

Equivalent Copper Production (klbs) First 3 years average Production (klbs)

Head Grade CuEq% First 3 years average Grade (%)

0.454%75,567 klbs

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(1) Copper equivalent calculation considers metal price, recovery and smelting/refining charges

Significant and Constant Production ProfileStrong Returns and Early Payback from Initial High Grade Production

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3

Source: Wood Mackenzie

Copper Flat: $[1.42]/lb LOM

Low Operating CostsOn the Cusp of the 1st Quartile on the Cost Curve

Mining23%

Processing44%

Tailings3%

G&A6%

Smelting & Refining

11%

Concentrate Transport

13%

Category Cost ($/lb)1

Mining $ 0.41

Ore Process $ 0.78

Tailings $ 0.06

G&A $ 0.10

Smelting & Refining $ 0.19

Concentrate Transport $ 0.24

Total Before By-Products $ 1.77

By-Product Credits $ [ ]

Total After By-Products $ [ ]

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(1) $ Per Equivalent Copper Produced (LOM Average)

Low Operating Cost (cont’d)Lean Cost Structure Supports High Margins

Copper Flat ore lends itself to common crushing and grinding practice and standard flotation reagents Concentrate is expected to yield a 28% copper grade based upon lab as well as actual plant performanceLow impurities: clean copper and moly concentrates, modest levels of recoverable gold and silver

Cu92%

8%

Mo60%

40%Ag

83%

17%

Au73%

27%

Not RecoverableExpected Recoveries

Copper Moly Gold Silver

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4 High Copper QualityAttractive to Smelters Worldwide

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Nearly 2 Mt of pre-stripping exposing high grade copper sulfides ore at surfaceConcrete foundations to be utilized for major structures Original access, mine haul and services roads are suitable for reuse

Conveyor tunnels for crusher discharge and course ore stockpile reclaimMajor water diversion channel exists around the mine siteGeneral earthworks including mill site and mine shop grading

5 Low Capital Intensity$[65]M of Existing Infrastructure Already in Place

Mine & Shop6%

Concentrator & TSF41%

Utilities16%

Construction Indirects

4%

EPCM Costs11%

Owners, Contingency

& GRT22%

Category Cost(US$M)

Direct Costs

Mine & Shop $ 24.0

Concentrator & TSF $ 158.0

Utilities $ 60.4

Indirect Costs

Construction Indirects $ 16.0

EPCM Costs $ 41.2

Owners, Contingency & Gross Receipts Tax $ 85.6

Total $ 385.1

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5 Low Capital Intensity (cont’d)Existing Infrastructure Significantly Reduces InitialCapital Required

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5

Copper Project IRRs vs. LOM Average VolumeCopper Project IRRs vs. Capital Intensity

Source: Wall Street ResearchNote: Analysis based on 60 global copper projects currently under consideration representing over 11 Mt of potential additional production

Low Capital Intensity (cont’d)$[11,500] of Capital Required per Ton of Annual Output Capacity

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*Disclaimer: Permits are subject to agency review and approval

Permitting Well AdvancedCommissioning Targeted for Late 2016

                        Year

              Quarter 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4

THEMAC Drilling Program

Environmental Studies

PFS

EIS

DFS

Detail Engineering

Permitting*

Project Finance

Construction

Commissioning

Commercial Production

201720162014 20152010 2011 2012 2013

Progress Work Still Required

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6 Permitting Well Advanced (cont’d)Permitting Process Orderly and On-Track

Federal EIS Process

Expected April 2014

Anticipated June 2015

State Permit Process

Draft Environmental Evaluation (EE)

Expected Jan 2014 Anticipated

Aug 2015

ROD will inform state permit

EE will rely on EIS for State Required Format

Expected Nov 2014

State Mine Permit Issued

• Public Notice• Permit

Application Package

• Other Permits

Agency Review, Technical Comments

Submit Responses, Added Data

Technical Review- Permit Application Package & EE

Public Hearing

Comments, Agency Review

FinalEnvironmental Evaluation (EE)

Draft EISPublic meetingsAgency ReviewPublic Comment

Final EIS Record of Decision (ROD)

Anticipated July 2015

• Scoping• Develop

Alternatives• Environmental

Effects Analysis

PortGuaymas is the fastest growing seaport in Mexico, located 400 miles (640 km) from the Copper Flat site

Road I-25 is the main North South interstate in NM and is situated east of the project

RailNearest Rail stop is Rincon, NM, 40 miles south of the project via I-25. The concentrates will be hauled from the mine by truck, off loaded at Rincon and then reloaded onto train cars

Power 12 miles of existing 115 kv power lines connecting to the mine substation

WaterSite already supplied by 4 wells and 8miles of water pipelines to the mill site

Port of Guaymas, Mexico

Services and Accommodation: Hillsboro (5 miles SW) and Truth or Consequence (25 miles NE), with population of 6,500 and well-developed amenities and servicesHatch (30 miles South of the project)Las Cruces (75 miles South via I-25)

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7 Well Located in Copper Mining DistrictProject is Close to Existing Infrastructure

Copper Flat is expected to produce 400 - 500 jobs during construction and up to 270 jobs during operationsWe will help create training and would like to hire locally as much as possible. The first 5 course certificate program begins this fall of 2013THEMAC preserves the environment, heritage, and culture of the area to the highest standards set by federal and state regulationsWe connect regularly with community members through outreach sessions, mine tours, and direct personal interactions

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“I feel very strongly about supporting Copper Flat Mine. This is something great for our area”

– Elephant Butte Mayor Eunice Kent

“To be honest, I can hardly wait for it to open. It will create many jobs, grow our tax base, and boost the economy”

– Sierra County Commission Chairman Walter Armijo, referring to Copper Flat Mine

Well Located in Copper Mining District (cont’d)Strong Local and Government Support

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8 Experienced Management TeamIn Addition to Strong Board Leadership

Steve RaugustResource Development Manager

Studied Copper Flat while attaining Master of Science in Mineral Engineering at New Mexico Institute of Mining and Technology, and has had extensive practical experience since

Mr. Raugust is a professionally certified geologist and engineering geologist, as well as a Qualified Person by NI 43-101 criteria

Katie EmmerProject Scientist

Fourth generation New Mexican with a MS in Water Resource Management from the University of New Mexico

Over 12 years of experience in state and federal regulatory permitting and compliance, natural resource evaluation, environmental due diligence and characterization

22 years with BHP, most recently serving as VP Operations and COO of the BHP Billiton Base Metals Group based in Santiago, Chile, before retiring in 2008

In 2010, served as interim CEO of Silver Standard a company listed on the TSX and Nasdaq

Considerable business development experience, project evaluation, M&A and asset sales; led the purchase of the Magna copper company and the sale of the Tintaya operation in Peru to Xstrata

Mike AnglinExecutive Advisor and Director

Stuart CrawfordCFO

Over 18 years of investment banking and accounting experience with a range of global investment banks

Graduate degrees in Commerce and Law from the University of Queensland, Australia, and Masters of Business Administration from the Australian Graduate School of Management

Economic Indicators after TaxesCopper Price

($/lb)NPV ($M)

IRR (%)

Payback(years)

$ 3.00 35.0 10.3% 5.4

$ 3.50 161.8 17.5% 4.1

$ 4.00 282.9 23.6% 3.3

$ 4.50 397.8 28.9% 2.8

$ 5.00 506.6 33.6% 2.5

0

50

100

150

200

250

300

350

400

450

500

550

$3.00 $3.50 $4.00 $4.50 $5.00Copper Price ($/lb)

After Tax NPV (8% real) ($M)

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(1) Base case price assumptions based on $[3.00]/lb Copper, $8.00/lb Moly, $1,350/oz Gold, $20/oz Silver

Strong Project ReturnsIRR of [19]% at $[3.25]/lb copper price

Economic assessment provided by M3 Engineering, in compliance with NI 43-101 requirements

Guidance for smelting and refining costs provided by Marc Ingelbinck, former VP of Base Metals Concentrates Marketing & Trading at BHP Billiton

82%

10%

4%4%

Commodity Exposure

Copper Gold Silver Moly

MetalLOM Revenue

(US$M)% of Total

Copper $1,899.4 82%

Gold $220.3 10%

Silver $100.4 4%

Moly $98.9 4%

Total $2,319.0 100%

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9 Strong Project Cash FlowsTotal LOM Revenue of $[2.3] Billion, with MeaningfulCommodity Diversification

10 Upside in Neighboring TenementsAndrews Area has Significant Gold and Silver Potential

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The target is in an area in which historical placer and high grade lode gold silver mining occurred

Copper Flat Deposit

Andrews Area

Approximately 1 mile from the Copper Flat Deposit

themacresourcesgroup.com

Appendices

Although the spot market has struggled over the past 2 years, the back-end of thecopper forward curve (i.e. the long-term price) has been strong and trending upward

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$6,460/t ($2.93/lb)

$7,257/t ($3.29/lb)

$9,619/t ($4.36/lb)

$7,483/t($3.39/lb)

6,000

6,500

7,000

7,500

8,000

8,500

9,000

9,500

10,000

Jan-11

Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Jan-22

Jan-23

$/t

1/1/11 3/31/11 6/30/11 9/30/11 12/30/11 3/30/126/29/12 9/28/12 12/31/12 3/28/13 6/28/13 Current

KEY DRIVERS

China/Emerging Demand “Still Growing”

CapEx and OpEx Costs“Rising Rapidly”

New Supply“Even more Complex

and Challenging”

Geopolitical Risk “Taxes and Politics

are Rising”

OECD Demand“Growth Eventually”

Copper Market OutlookStrong Long-Term Fundamental

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Permitting Well AdvancedExpect to be Fully Permitted by 2015

Year

Quarter 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4Environmental StudiesAir Quality Monitoring

Baseline Data Studies ✔

Geochemical Data Collection

Hydrogeology Data Collection

Groundwater Model Projections and Report

Stage I Abatement Plan Reports, MonitoringNew Mexico State Permitting

New Mexico State Mine Permit

Air Quality Permit

Dam Permit

Discharge PermitFederal EvaluationMine Plan of Operations

Right of Way Applications

Envirnmental Impact Statement (EIS)

Cultural Resources Section 106Progress Work Still Required*Permits are subject to agency review and approval

20152010 2011 2012 2013 2014

26 Patented Claims202 Unpatented Claims29 Placer Claims9 Mill Site Claims

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Majority of Deposit on Patented Mining Claims

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Copper Flat ProjectCurrent Layout

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Copper Flat ProjectPlant Area Facilities Layout – 25,000 tpd

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Copper Flat Project3-D Grade Model

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Copper Flat ProjectStraightforward Plant and Processing