• A NEW GROUND LEVEL OPPORTUNITY

• CONSOLIDATED 1 FOR 10 

• NEW BOARD 

• NEW MANAGEMENT   

• NEW ASSETS 

• NEW FOCUS 

• NEW NAME 

• NEW COMPANY: PETRO ONE ENERGY CORP

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This presentation may contain forward-looking statements, including management's assessments of future plans & operations, expectations of future production, cash flow & earnings. These statements are based on current expectations that involve a number of risks & uncertainties, which could cause actual results to differ materially from those anticipated.  These risks include, but are not limited to, the risks associated with the oil & gas industry (e.g. operational risks in development, exploration & production; delays or changes in plans with respect to exploration or development, projects or capital expenditures; the uncertainty of reserve and resource estimates; & the uncertainty of estimates & projections relating to production). There is no certainty that any portion of the resources will be discovered and that the estimated values do not represent fair market value. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction. Any such offer or solicitation will be made only in accordance with all applicable laws. The common shares of the Company will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to a U.S. person, absent registration or applicable exemption therefrom.

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• Terry King, CEO, Chairman, Director

Principal of Holmes & King, Barristers & Solicitors; Past Chairman, Securities and Natural Resources, Mining, Oil and Gas Section of the Canadian Bar Association.

• Peter Bryant, President & Director

Over 45 years experience in international finance and investment banking with the Hill Samuel Group, Guinness Peat Group and as Director of Investment Banking with the Standard Chartered Group.

• Marvin Mitchell, Independent Director; P. Eng.

Mitchell Geological Services, Director

• Richard Kosick, Independent Director – CGA, Director

• Lucy Zhang, CFO, Corporate Secretary – MBA, CGA

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ADVISORY BOARD:

• Trevor Bremner, M.Sc., P. Geol., is a consulting geologist with a wide range of Canadian experience in petroleum mineral exploration and government. In the petroleum industry he held a variety of positions with Imperial Oil, Mobil Oil Canada and Mobil-GC Canada, working on a broad range of projects in the Western Canadian Sedimentary Basin, the Canadian Beaufort and the Avalon Basin of offshore Newfoundland. Mobil-GC Canada was a subsidiary that inherited General Crude’s Canadian assets after a takeover by Mobil Corp in the US. This assignment gave Mr. Bremner an opportunity to plan and participate in the drilling of numerous light and heavy oil wells, and to gain experience in many aspects of exploration, drilling, production and unit negotiations. At Mobil Oil Canada, Mr. Bremner served in a variety of positions in exploration and production, including supervision of an exploration group of eight geologists and geophysicists working in the Grand Banks area of Newfoundland. Mr. Bremner is a registered Professional Geologist in Alberta, Saskatchewan and Manitoba. Mr. Bremner also worked eight seasons in the Yukon Archer Cathro (founders of ATAC Resources) he served as Chief Geologist of the Yukon and as Yukon’s Acting Director of Mineral Resources. Additionally, he spent three years as Head of Mining Legislation in Ottawa.

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ADVISORY BOARD:

• Hairuo Qing, Ph.D. (McGill), P. Geol., is Head of the Department of Geology at University of Regina, Saskatchewan. Prior to joining the University of Regina in 1999, he served three years as a lecturer at the Royal Holloway University of London, UK, and two years as a Research Fellow for the Geological Survey of Canada in Calgary. Dr. Qing's primary research focus is on reservoir characterization and modeling to develop effective exploration and production strategies, and to aid in the selection of secondary and tertiary recovery techniques. He has a particular interest in dolomitization and diagenetic alteration of carbonates, and their effect on porosity distribution, reservoir quality, and fluid flow. Dr. Qing's detailed knowledge of the Williston Basin, and his specific studies of the Red River, Midale, Frobisher and Alida reservoirs of southeast Saskatchewan, as well as the Shaunavon reservoir of Southwest Saskatchewan, will be of immense value to Petro One in developing its current acreage and advising on future acquisitions.

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ADVISORY BOARD:

• Dr. Lawrence (Larry) Dick, Ph.D., P.Geo. has over 35 years of mineral experience, and is an internationally recognized explorationist who has been credited with or played a key role in five major mineral discoveries in North and South America. He is very familiar with the Yukon, having spent more than ten years working throughout the Territory including the Carmacks gold camp and the Nisling Range, which both form part of what is now known as the White Gold District. He formerly held a variety of positions with Chevron Resources Company in the Americas including Exploration Manager, and led the exploration teams that discovered the Golden Bear deposit in British Columbia, and discovered and developed the Can Can gold-silver deposit in north-central Chile. He is a co-founder of General Minerals Corp. (now Sprott Resource Corp.) and has served for many years as its Executive Vice President and Independent Director, as well as directing its exploration activities. He also founded Copper 1 Inc., serving as its Chief Executive Officer and President, and subsequently co-founded and served as the President, CEO and Chairman of Evolving Gold Corp., before assuming his present role as Chief Geologist and Manager of Resources for Baron Global Financial Canada Ltd. He continues to serve on the Boards of a number of public companies, including Timmins Gold Corp., and is a Full and Fellow Councillor of the Geological Association of Canada Cordilleran Section, and a Full and Fellow Member of both the Society of Economic Geologists and the Geological Association of Canada. For his exploration successes in Chile, Dr. Dick was awarded the Chevron Chairman's Award, and the "Mente et Malleo" award at the Chilean Geological Congress for the most successful exploration team in Chile.

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ADVISORY BOARD:

• Bruce Durham M.Sc.,P.Geo. also has more than 35 years experience in mineral exploration in Canada, USA and Africa, and was an integral member or leader of various exploration teams credited with the discovery or definition of a number of significant mineral deposits, including the David Bell Mine (Hemlo), the Golden Giant Mine (Hemlo), the Redstone Nickel Mine (Timmins), the Bell Creek Gold Mine (Timmins), and several nickel-copper deposits on the Raglan South Project of Canadian Royalties that are being evaluated for their economic viability. Mr. Durham was one of the founding members of Canadian Royalties Inc. (recently purchased by Chinese interests for $191 million) and has served in various roles that include President, Vice President, and Vice President Business Development. He is currently Executive Chairman of Temex Resources Corp.

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CHAPMAN ENGINEERING

• Chapman Petroleum Engineering Ltd. founded in 1985, a highly respected and experienced engineering & risk evaluators for oil worldwide have been retained by Petro One’s management to reduce risk and maximise profit.

• The Key professionals at Chapman each have from 25 to 40 years of broadly diversified experience in the oil & gas industry, domestically and internationally. They are Qualified Reserve Evaluators and Auditors under Canadian Securities Regulation Nl 51-101.

• Chapman has extensive international project experience, covering many of the oil and gas basins of the world, enhanced by the broad international background of our key professionals.

• Retaining special consultants is a highly cost effective way to build a start-up as opposed to a large full time staff, while avoiding a high burn rate.

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• 54,500,000M fully diluted

• 9.3M warrants with average price ≈ .32 cents

• 1M options with average price ≈ .31 cents

• $10M CDN cash and securities in bank ≈ .19 cents a share

• Management, Insiders and friends approx.≈ 40%

• Strong Institutional support:

Navina, Matrix, 49North Resources, Rothschild & Dharma Natural Resource Fund = 12%

• Company is managed cost effectively with a low burn rate.

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• Petro One Energy’s focus is to acquire, discover & develop undervalued oil assets in Canada with close proximity to infrastructure and existing production.

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• Shallow conventional light oil is the fastest declining resource in the world, which will force larger players to pay a premium to acquire growth-oriented producing juniors.

• Recent research and statements from the International Energy Association (IEA) suggest that continuing to consume oil at current rates means the price will hit $240 per barrel by 2025 as a 30 MBD shortfall emerges in crude production.

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• IEA Chief Economist Faith Birol: “The age of cheap oil is over...Governments and consumers should be prepared to pay higher oil prices.”

• Manitoba and Saskatchewan are ranked 1st and 2nd best jurisdictions in Canada for oil exploration and production by the Fraser Institute.

• The first 63,000 barrels of oil from each exploratory well and each horizontal well drilled in Manitoba will be royalty free (0%). This incentive is doubled to 126,000 barrels of oil (0% royalty) for wells, below the Duperow formation.

• Essentially, the government incentives de-risk exploration drilling.

• The World Bank and IMF give Canada a 1st overall ranking for political stability and banking system soundness. Issue is denominated in Canadian dollars which are in a long-term bull market.

• The immense,untapped oil resources of Manitoba and Saskatchewan, coupled with government incentives is driving the influx of both major and mid-tier producers, EOG, Haliburton, Crescent Point, Petro Bakken, CNR and others.

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• The USGS (2008) mean technology recoverable resource estimates for the Bakken Formation alone are 3.65 billion barrels of light oil, not to mention many other formations which are now being exploited with new horizontal drilling and multifrac technologies.

• Excellent netbacks $65 – $75 /BOE $5 – $15 / BOE all in. Many companies are producing shallow light oil in Manitoba and Saskatchewan for as little as $5 BBL.

• Petro One controls 100% interest in 13 properties approximating 5000 Acres (2000 hectares). All of the projects have surface to basement rights, some with multi-zone potential.

• Petro One’s initial strategy will be to maximize value of its prime oil land in Saskatchewan and Manitoba and achieve ongoing growth through strategic acquisitions of undervalued assets followed by exploration, development and/ or farm-outs.

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SASKATCHEWAN

MANITOBA

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Oil in Manitoba and Saskatchewan:

• 100% interest in 13 oil and gas leases totalling approximately 2000 Hectares (5000 acres), 214,000 BBL oil NI 51-101 probable + possible recoverable reserves.

• 1 MMB potential recoverable oil resource with a discounted value of $47.3 million.

Explanation:

• The gross unrisked potential recoverable resource is estimated at 4 MMB of oil with a discounted value of $232 million.

• Petro One acquired this for $1,280,000 CAD.

• The high value of the gross estimated unrisked potential recoverable resource is 5.7 MMB.

• All dollar values were based on $80 USD / BBL oil.

• The above reserve and resource estimates do not include the recent Red River land acquisitions.

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The oil properties are adjacent to existing production, sophisticated infrastructure and year round road access:

• Elswick – SE Saskatchewan• Parkman – SE Saskatchewan• Rosebank – SE Saskatchewan• Oungre – SE Saskatchewan• Bromhead – SE Saskatchewan• Minton Area – SE Saskatchewan

• Ingoldsby – SE Saskatchewan• Smiley – SW Saskatchewan• Antelope / Gull Lake –

SW Saskatchewan• Sinclair SE – SW Manitoba • Kirkella – SW Manitoba

Oil Production

Property Locations

Nearest Producing

Oil Fields

LEGEND:

BLACK LABELS

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• Northern Miner magazine ranks Yukon 1st overall jurisdiction in North America for Gold exploration, Fraser Institute ranks Yukon 4th in the world.

• Gold properties are comprised of the BRC and Lucky Strike projects totalling 12,457 acres, approximately 5,000 hectares.

• 100% interest in BRC and Lucky Strike Properties, subject to a 3% NSR.

• BRC and lucky Strike projects are located in the heart of an emerging Yukon gold camp known as the White Gold District.

• All of Petro One’s properties are underlain by the same package of rocks that host both Kaminak’s Coffee Creek discovery and the Kinross Golden Saddle deposit.

• This area of the Yukon was unaffected by the most recent glaciation. Therefore the gold soil anomalies and placer deposits are likely located close to their sources.

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• The BRC claims are contiguous with and surrounded by Kinross to the west, south and east and by Golden Predator to the north.

• Property contains at least two newly-discovered, strong parallel gold trends, approximately 1KM long.

• These two trends are parallel to, and approximately on trend with the Golden Saddle deposit, located only 5 KM West-SW.

• The gold values seen on the BRC claims are comparable to the strongly anomalous values found in the initial soil geochemistry over the Golden Saddle deposit.

• The highest government gold silt anomaly in the area was taken from a creek draining the area of the BRC parallel gold trends.

• The ridge that adjoins the west side of the BRC property is at the head of four creeks that feature active placer mining.

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• Based on the geochemical trends, their orientations, the geology and geophysics, the BRC claims appear to have many of the same indicators that led to the discovery of the Kinross Golden Saddle Deposit.

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• The Lucky Strike property is bordered by claims owned by Kinross and Golden Predator to the north and west, and by Shawn Ryan’s Brew claims to the south.

• The Lucky Strike property is less than 1 KM from active placer operations and is also bisected by a surveyed placer baseline.

• Numerous gold anomalies up to 7 KM long are concentrated along well-defined interpreted key NE, NNE & NS crosscutting extensional structures similar to those seen at Kaminak’s Coffee Creek gold discovery.

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• Both the BRC and Lucky Strike properties show many of the key indicators that led to the discovery of Kinross’s Golden Saddle deposit and Kaminak’s Coffee Creek Gold discovery.

• The company has great expectations for the next phase of exploration on its Yukon gold assets. Having exposure to this emerging gold district is certain to add value well into the future.

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• 100% interest surface to basement in 13 oil and gas leases totalling approximately 2000 Hectares (5000 acres), 214,000 BBL oil NI 51-101 Probable + Possible recoverable reserves.

• 1 MMB fully risked gross potential recoverable oil resource with a discounted value of $47.3 million USD.

• 4 MMB gross unrisked potential recoverable oil resource with a discounted value of $232MM USD.

• All dollar values were based on $80 USD / BBL oil.

• Petro One acquired this for $1,280,000 CAD.

• This was accomplished within 100 days of management takeover.

• The high value of the gross unrisked potential recoverable resource is estimated at 5.7 MMB.

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• Cash and Securities: • 214,000 BBL Probable + Possible

Recoverable reserves 100% oil: • 4MMB Potential Recoverable

Resource:

• Yukon Projects:

• Total Value

$10,000,000 

$17,000,000 USD $232,000,000 USD $5,000,000

$254,000,000 ($4.66/share)

* Numbers based on assumption of CAD / USD at par*

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• Cash and Securities: • 214,000 BBL Probable + Possible

Recoverable reserves 100% oil: • 1MMB Potential Recoverable

Resource: • Yukon Projects:

• Total Value:

$10,000,000 

$17,000,000 USD $47,000,000 USD $5,000,000

$79,000,000 ($1.46/share)

* Numbers based on assumption of CAD / USD at par*

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• Cash and Securities: • 214,000 BBL Probable + Possible

Recoverable reserves 100% oil: • 500,000 BBL Potential Recoverable

Resource: • Yukon Projects:

• Total Value:

$10,000,000 

$8,500,000 USD $23,500,000 USD

 $2,500,000

$44,500,000 ($0.80/share)

50% deducted off of all assets values from industry standard

* Numbers based on assumption of CAD / USD at par*

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• These calculations do not account for recent Red River acquisitions by Petro One.

• New Red River acquisitions are adjacent to in proximity to prolific Red River Oil wells, some of which have yielded up to 317,000 BBL cumulative production with an average daily production of up to 560 BBL /day.

• Based on the location of these parcels relative to mapped basement highs in the area, and their close proximity to strong Red River production, these acquisitions provide the Company a rare opportunity to expand holdings of key lands with excellent Red River potential, and increased exposure to this highly desirable Minton Area light oil play.

• As part of the company’s aggressive growth strategy, Chapman has been engaged to do a complete NI 51-101 resource estimate and complete detailed reports of all its lands in preparation for drilling.

Fully Diluted MCAP 54Mill shares @ $0.40 = $21,600,000

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• Assets provide exposure to excellent light oil potential in one of the politically favourable environments today.

• 100% interest in 13 properties hold all rights surface to basement, significant multizone blue-sky potential , management will continue to acquire and develop undervalued prospects to build shareholder value.

• Petro One’s agreement with Goldstrike Resources was structured to be a non-dillutive event that provides exposure to an expanding, pure gold explorer with an aggressive growth strategy, in one of the most exciting emerging gold districts in the world.

• Strong management as recently demonstrated by their strategy, actions and results, in less than 3 months.

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Dan Stuart 

Petro One Energy Corp.

Suite1300

1111 West Georgia Street

Vancouver, BC V6E 4M3

Direct: 604 971 0293

Mobile: 778 233 0293

Toll free: 877 566 9089

Facsimile: 604 564 8003

info@PetroOneEnergy.com

PetroOneEnergy.com

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