PETROONE · 111/11-15-030-27W3/00 3.1 58.9 90.2 Viking Re-start Program 2017 Petro One restarted 3 wells in March 2017: The same wells were re-started in October 2017 PETROONE

PROPERTY OFFERING

NETRO EP OENERGY CORP

SA

SK

ATC

HEW

AN

Regina

MiltonT30, R27-W3M

MILTON SASKATCHEWAN – T30-R27 W3MWestern Divestments has been retained by Petro One Energy Corp. (a wholly owned subsidiary of Goldstrike Resources Ltd.) to market the company’s oil and gas asset in the Milton area of Southwest Saskatchewan (Map 1). The Milton Asset consists of PNG Rights, wells and associated surface facilities.

• Low risk, Viking light oil (30 API), development potential on major resource play fairway

• Proven production from Viking Formation with offsetting additional prospective horizons

• Property is under Saskatchewan jurisdiction

• Recent reserve evaluation completed on package

• Significant low risk development drilling opportunity base including:

o 5 unbooked horizontal locations

o Seismically defined deeper targets

• Significant body of technical work completed on the property including detailed reservoir characterization, seismic interpretation and mapping

MAP 1 MAIN PROPERTY MILTON, SASKATCHEWAN VIKING


The Milton Viking property is located on the western extent of the Dodsland Viking formation producing fairway approximately 40 kilometers west of Kindersley Saskatchewan (Twp 30 Rge 27W3M) (Map 2). The property consists of a combination of Crown and Freehold leases and includes 5 suspended, vertical oil wells and one suspended horizontal well. The wells were drilled and completed by Petro One Energy Corp. between 2011 and 2014. Goldstrike Resources Ltd. acquired Petro One in 2015 and at that time decided to suspend operations in the Milton area to focus on other corporate objectives. The property is readily re-startable and since initially suspending the property Petro One has restarted production twice in 2017 for testing purposes (See Restart History below).

LOCATION AND ASSET SUMMARY

R28 R27 R26 R25 R24 R23 R22 W3M

T30

T29

T28

T31

MAP 2

WELL DAILY OIL (BOPD) DAILY WATER (BWPD) WC %

191/06-22-030-27W3/00 12.1 109.6 90.1

102/10-15-030-27W3/00 33.6 21.9 41.0

111/11-15-030-27W3/00 2.7 55.7 86.7

WELL DAILY OIL (BOPD) DAILY WATER (BWPD) WC %

191/06-22-030-27W3/00 11.9 121.0 96.0

102/10-15-030-27W3/00 16.8 13.7 41.0

111/11-15-030-27W3/00 3.1 58.9 90.2

Viking Re-start Program 2017 Petro One restarted 3 wells in March 2017:

The same wells were re-started in October 2017


LOCATION AND ASSET SUMMARY (Continued)

T30

R28 R27 R26 W3M

map by: geowebworks.com

T30, R27-W3M

MAP 3

LEASE DESCRIPTION LAND DESCRIPTION AREAVENDOR’S INTEREST ENCUMBRANCES

Freehold P&NG Lease dated Jan.27/2010 (M-0001)

T30 R27 W3M: SW 15 All P&NG (1/3 Mineral Interest) Milton 100% WI

16% LSR 4% NCGOR payable on 100% prod.


T30 R27 W3M: NW 15 All P&NG (1/3 Mineral Interest) Milton 100% WI


Crown P&NG Lease dated-Oct.5/2009 PN 63166 (M-0003)

T30 R27 W3M: LSD 7, 8, 10 & 15 Sec. 15. P&NG to base Colorado Group Milton 100% WI

Crown 20% NCGOR payable on 100% prod.



















Crown P&NG Lease dated Oct.5/2009 PN 63166 (M-0056)

T30 R27 W3M: N 22, (LSD 1-2, 4-6, 8) 22 P&NG to base Colorado Group Milton 100% WI

Crown 4% NCGOR payable on 100% prod. 6% NCGOR payable on 100% prod.

LAND SCHEDULE


RECENT OFFSET ACTIVITY

Land Eight parcels were purchased at Crown PNG disposition in 2017 per the schedule below Gear Teine and Turnstone Energy all purchased land in the vicinity. Most leases were for PNG below Viking to Basement suggesting posting were requested fore either Bakken or Success targets. The 2017 PNG Lease postings are shown on map 4.

Wells In 2017 industry completed 27 wells in the Milton area primarily targeting Success/Mannville and Bakken. The 2017 well locations are illustrated on Map 4.

LOCATION AND ASSET SUMMARY (Continued)

T30

T31

R28 R27 W3M

MAP 4

LOCATION STATUSPRODUCING

ZONE

CUM OIL

MBO

CUM GAS

MMCF

CUM H2O

MBO

CURRENT/ LAST PROD

BOPD

CURRENT/LAST PROD

MCFPD

CURRENT/LAST PROD

BWPD WC %

MILTON

141/06-15-030-27W3/00 SUSP OIL VIKING 0.3 27.9 12.8 3.2 117.0 116.9 97.5

131/07-15-030-27W3/00 SUSP OIL VIKING 0.3 2.5 9.8 1.5 2.9 46.6 96.8

121/08-15-030-27W3/00 SUSP OIL VIKING 0.2 17.5 5.9 2.1 17.5 65.5 97.0

102/10-15-030-27W3/00 ACT OIL VIKING 18.0 99.4 37.5 33.7 23.7 22.0 39.5

111/11-15-030-27W3/00 ACT OIL VIKING 3.9 49.7 36.6 2.7 55.3 95.3

131/15-15-030-27W3/00 SUSP OIL VIKING 1.5 6.6 1.5 60.1

191/06-15-030-27W3/00 ACT OIL VIKING 0.6 23.5 6.5 1.5 54.8 97.3

WELL SCHEDULE


PRODUCING AND PROSPECTIVE HORIZONS

Prior to the Goldstrike merger a strong technical team managed by Petro One completed a significant body of technical work on the property including the definition of prospective development targets based on geologic mapping and seismic interpretation The company defined three horizons of interest in the Milton Area: the Upper Cretaceous Viking Formation, the Lower Mannville/Success Formation and the Lower Mississippian Bakken Formation as prospective on the Petro One lands. The group also recognized that the Devonian Birdbear as an additional potential zone however no analysis was completed on the zone. Similarly, shallow gas potential was not included as part of the team’s mandate.

The team conducted detailed technical evaluations of the target horizons in 2010. In the Milton area to date the company has conducted regional and detailed geologic analysis of the Viking Formation in addition to a geophysical investigation of the Success and Bakken horizons supported by detailed geologic interpretation. The stratigraphic position of the target horizons worked by the Petro One team are shown in Figure 1.

FIG. 1 STRATIGRAPHIC CHART AND

TARGET FORMATIONS

GEOLOGY NETRO EP OENERGY CORP

Documents

PETROONE · 111/11-15-030-27W3/00 3.1 58.9 90.2 Viking Re-start Program 2017 Petro One restarted 3 wells in March 2017: The same wells were re-started in October 2017 PETROONE