MMEX RESOURCES CORPORATION (OTCMKTS:MMEX) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement

On June 12, 2017, we entered into an Equity Purchase Agreement
with Crown Bridge Partners, LLC. to the terms of this agreement,
Crown Bridge has committed to purchase up to $3,000,000 of our
common stock for a period of up to 24 months commencing upon the
effectiveness of a registration statement covering the resale of
shares issuable to Crown Bridge under this agreement. The
agreement allows us to deliver a put notice to Crown Bridge
stating the dollar amount of common stock that we intend to sell
to Crown Bridge on the date specified in the put notice. The
amount of each put notice is limited to a formula that is equal
to the lesser of (i) $100,000 or (ii) 150% of the average dollar
value of the trading volume of our stock, measured at the lowest
price during the trading period, for the seven days prior to the
purchase of shares by Crown Bridge. The purchase price of shares
issued in respect of each put notice is 80% of the lowest traded
price duringthe seven trading day period after the shares are
delivered to Crown Bridge.

We are required to file a registration statement with the SEC on
Form S-1 within 45 days of the date of the Equity Purchase
Agreement covering the resale of shares to be issued under such
agreement and to use our best efforts to cause the registration
statement to become effective within 90 days of such date.

In connection with our entering of the Equity Purchase Agreement,
we issued to Crown Bridge, as a commitment fee, an $80,000
convertible promissory note which matures on December 12, 2017.
The note bears interest at a rate of 8% per annum. We are
entitled to redeem the note at a redemption price of 125% plus
accrued interest during the first 90 days after issuance. The
redemption price then increases to 135% until the 120th day after
issuance and then increases to 150% until the 180th day after
issuance, after which the date the note may not be redeemed. If
the note is not redeemed or we otherwise default thereunder, the
holder may convert the unpaid balance into shares of our common
stock at a conversion price equal to the lesser of (i) the
closing price of our common stock on the issuance date of the
note or (ii) 60% of the average of the three lowest trading
prices during the 25-day period prior to the notice of
conversion.

We have previously reported that during April and May 2017, we
had issued an aggregate of approximately $465,000 principal
amount of convertible notes. We expect to utilize the net
proceeds from issuances under the Equity Purchase Agreement in
order to call these notes for redemption. We expect to utilize
any additional net proceeds for additional working capital
purposes.

There is no assurance that we will be able to meet all of the
conditions for accessing the equity financing contemplated by the
Equity Purchase Agreement. Holders of our common stock should
also note that such equity financing, as well as the convertible
notes that are intended to be redeemed with the net proceeds of
such financing, are highly dilutive to our existing stockholders
and have a high cost of capital. As additional equity securities
are issued, investors percentage interests in our equity
ownership will be diluted. The result of this could reduce the
value of current investors stock. Further, as common stock is
issued in return for additional funds, the price per share could
be lower than that paid by our current stockholders.

Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

Reference is made to the disclosure under Item 1.01.

Item 3.02 Unregistered Sales of Equity
Securities.

Reference is made to the disclosure under Item 1.01.

Item 7.01 Regulation FD Disclosure

On June 13, 2017, we issued a press release to our shareholders
advising them of certain recent developments, including those
described in this report. A copy of the press release is filed as
Exhibit 99.1 to this report.

Item 8.01 Other Events

We have previously reported that our business plan contemplates
the construction of a refinery that will have a capacity of up to
50,000 barrels per day. On June 13, 2017, we announced our plan
to commence operations with a 10,000 bpd crude distillation unit.
We have formed Pecos Refining Transport, LLC as a special purpose
entity (SPE) to pursue the construction and operation of this
project. This project will require substantial equity and debt
financing which exceed the expected resources of the Company.
Although MMEX is funding the initial development costs, we
anticipate that most of the equity and debt financing to complete
the project will be issued by the SPE. It is also anticipated
that, while MMEX will be the manager of the SPE, our actual
economic ownership of the SPE may be a minority interest. Debt
financing agreements entered into by the SPE are likely to impose
conditions which may restrict distributions to the equity holders
of the SPE, including MMEX.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

About MMEX RESOURCES CORPORATION (OTCMKTS:MMEX)

MMEX Resources Corporation, formerly MMEX Mining Corporation, is an oil and gas company. The Company is involved in the evaluation, acquisition and development of oil and gas, refining, power generation, natural gas transmission and processing energy projects in the western United States and Latin America. The Company is involved in the natural resource project development and project financing in North and South America, and the United Kingdom. The Company was engaged in the exploration, extraction and distribution of coal.