PUBLIC HEARING ON PRODUCTION PERMIT APPLICATION FOR MMEX RESOURCES CORP. Call to order at 10:30 a.m. the public hearing on Application for a Production Permit for MMEX Resources Corp. Party representing application: Jack W. Hanks, President and CEO of MMEX Resources Corporation Protestant to application: None. Public Comment: None. General Manager Ty Edwards: MMEX Resources Corporation has made application for a Production Permit for 1 well located on 125.908 acres (Property Id# 13078) in Section 3, Survey MRS. Nu Reizenhooven, Abstract # 4615, approximately 20 miles North East of Fort Stockton on FM 1053, Texas Gulf Road, Sulfur Junction, TXPF AR in Pecos County, Texas. The request is for 20 acre feet annually from the Edwards-Trinity aquifer, and is for industrial use. This well was approved for a drilling permit and the well has been completed. The well has been registered. The application is administratively complete. Jack W. Hanks was sworn in. We are building a crude distillation unit. It is a 10,000 barrels a day unit. Three products are produced which are naphtha, diesel fuel, and a marine qualified fuel as a residual. The total cost investment is $111 million. We hope to close out on the financing within the next quarter, and then we are ready to start immediately with the notice to proceed with the construction. The overall contractor is Salsbury Industries from Odessa, TX. Vfuels out of Houston, TX, is the EPC contractor that makes our unit. The water well produced 35 gpm at 217’. We have applied for 15 gpm for the complex. (Boiler/3 gpm, desalter/5 gpm, office building/3 gpm, shop building/2gpm, and other uses/2 gpm). The 15 gpm calculates out to 20 acre feet annually. Important to note is that 75% of the 15 gpm is recirculated and is reused. We have a 42,000 cubic feet retention pond (314,000 gallons). The retention pond is 60’ wide, 140’ long, and 5’ deep. There is a 210 barrel capacity water storage tank (8,820 gallons). The actual daily need is 21,000 gallons per day, and with the 75% recycled water, we are requesting the anticipated maximum of 20 acre feet annually. Adjourn Hearing and consider and/or act on Application for a Production Permit for MMEX Resources Corp. LESS a Minutes of January 21, 2020 Board Meeting Page 5 President Jerry McGuairt adjourned the hearing at 10:39 a.m. Janet Groth made a motion to approve the 20 acre feet production permit for MMEX Resources Corp. Motion seconded by Jeff Sims. Motion carried unanimously. Vote: 9For. -0- Against. 2 Absent.

Bastiat Liberty & Property Rights Analysis

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 4.2/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.