Canadian Foresight Group PTE. LTD. April M15

Reader Advisories The information in this presentation contains certain forward-looking statements. All statements other than statements of historical fact may be forward- looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", “plan", "continue", "estimate", "demonstrate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions and include statements relating to, among other things, the anticipated ongoing strategy of Canadian Foresight Group Pte. Ltd. (CFG) and CFG Energy Pte. Ltd. and development, drilling and acquisition opportunities and plans for CFG and the anticipated performance of CFG’s properties. Such forward-looking statements or information is provided for the purpose of providing information about the current expectations and plans relating to CFG and its current and future oil and gas assets (the “CFG Assets"). Readers are cautioned that such information may not be appropriate for other purposes, including making investment decisions. In particular, this document contains forward looking statements pertaining to: CFG’s corporate areas of focus; CFG’s capital raising plans; CFG’s operational and development plans and the timing thereof; the quality and characteristics of the CFG’ Assets; expected performance in 2014 and beyond; the anticipated performance of the properties to be explored and developed and the timing of certain matters related thereto; CFG’s capital budget requirements; the proposed fundraising, the price per share, the use of proceeds for such offering, the levels of participation of insiders in such offering and the timing of certain matters related thereto; the expected operational plans, including preparation, exploration, drilling and optimization activities, and the anticipated results therefrom; expected capital cost reductions; and matters ancillary or related to the foregoing list. In addition, please note that information relating to estimated reserves and resources are deemed to be forward-looking information, as it involves the implied assessment, based on certain estimates and assumptions that the reserves described can be economically produced in the future. The forward looking statements in this presentation are based on certain assumptions, including, without limitation: the quantity of reserves and resources associated with the CFG Assets; the oil and natural gas production levels of the CFG Assets; the quality and characteristics of the CFG Assets; the source of funding for CFG’s activities including development costs; development and drilling plans for those CFG Assets and the timing of results thereof; projections of commodity prices and costs; supply and demand for oil; potential reserves and future production with respect to the CFG Assets, business strategy and objectives; exploration and drilling plans; the costs associated with and the timing in relation to drilling wells; the costs of leases; capital expenditures; operating and other costs; the timing of implementing certain operating techniques; royalty rates and taxes; expectations regarding the ability to raise capital and continually add to reserves through acquisition and development; the sources of and the uses of cash generated from the business of CFG ; and the treatment under governmental regulatory regimes, including with its quasi-governmental partner, MOGE. Readers are cautioned such assumptions, although considered reasonable at the time of preparation of the information in this presentation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Reader Advisories (Continued) CFG’s actual results, performance or achievement could differ materially from those expressed in or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits CFG will derive therefrom. These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond CFG’s control, including: the impact of general economic conditions; industry conditions; changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced; fluctuations in commodity prices and foreign exchange and interest rates; stock market volatility and market valuations; liabilities inherent in oil and natural gas operations; uncertainties associated with estimating oil and natural gas reserves; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in income tax laws or changes in tax laws and incentive programs relating to the oil and gas industry; geological, technical, drilling and processing problems and other difficulties in producing petroleum reserves; ability to secure drilling and service equipment; and obtaining required approvals of regulatory authorities. CFG’s actual decisions, activities, results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that CFG will derive from them. Readers should be cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties. These risk factors should not be construed as exhaustive. Any financial outlook or future oriented financial information in this presentation, as defined by applicable securities legislation, has been approved by management of CFG. Such financial outlook or future oriented financial information is provided for the purpose of providing information about management's reasonable expectations as to the anticipated results of its proposed business activities. Management of CFG believe that the expectations reflected in the forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. These statements speak as of the date hereof. Except as required by law, CFG undertakes no obligation to publicly update or revise any forward-looking statements. The information contained in this presentation does not purport to be all inclusive or to contain all information that prospective investors may require. Prospective investors are encouraged to conduct their own analysis and reviews of CFG and the information contained in this presentation. Information in relation to the previous experience of CFG’s management is not indicative of the future performance characteristics of CFG. Without limitation, prospective investors should consider the advice of their financial, legal, accounting, tax and other advisors and such other factors they consider in investigating and analyzing CFG.

Canadian Foresight Group PTE. LTD. (“CFG”) was established to pursue international E&P opportunities in SE Asia and successfully participated in Myanmar’s inaugural offshore bidding round. CFG’s directors and management team have extensive expertise in both onshore and offshore oil/gas exploration and development, particularly in Asia. CFG holds an 80% interest in Myanmar’s offshore Block M15 and is the Operator Myanmar’s offshore oil sector is dominated by the majors or super-majors CFG is the only pure Myanmar offshore investment opportunity Highlights

Songning Shen- Mr. Shen is a professional geologist registered in Alberta, Canada. Mr. Shen is currently the CEO and director of CaiTerra International Energy Corporation which is listed in the Toronto Stock Exchange – Venture Exchange. He was a Co-founder, Co-Chairman and Director of Sunshine Oilsands Ltd., a company listed on the Hong Kong Stock Exchange and the Toronto Stock Exchange. Sunshine holds over 1.0 million acres of oilsands leases and has a resource base of 4.2 billion barrels. Mr. Shen is one of the pioneers who discovered the biggest offshore oilfield SZ36-1 in China. He obtained a M.Sc. from the Norwegian University of Science and Technology. Kevin Flaherty- Mr. Flaherty, currently residing in Vietnam, is a managing director of Energy & Natural Resource Investments at Saigon Asset Management. He has spent his entire career working in the international energy and natural resource sector, and has been active in Southeast Asia for over 20 years. He co-founded two firms in Vietnam: Tiberon Minerals and Keeper Resources; both of which were subsequently acquired by Asian-based investment firms. Greg Turnbull- Mr. Turnbull is currently a senior partner at the Calgary office of McCarthy Tétrault LLP. He currently serves as a director of a large number of publicly listed oil and gas E&P companies, including Sunshine Oilsands Ltd., Crescent Point Energy Corp., Storm Exploration Inc., Heritage Oil plc, Hyperion Exploration Corp. and Marquee Energy Ltd. Raymond Fong -Mr. Fong has over 22 years of experience in the oil and gas industry. Mr. Fong was a director of China Coal Corporation from 2007 to He held previous directorships with Abenteuer Resources Ltd., Stealth Ventures Ltd., Zapata Capital Inc., director and president of Ultra Capital Inc. and a former director of United Rayore Gas Ltd. Ray is currently serving as a Director for Sunshine Oilsands Ltd. Wei (David) Wu - Mr. Wu has over 30 years of experience as owner and operator of businesses in China. He is a Director of West Pacific Petroleum and Yunnan Tianli Trading Ltd. He has also been a Manager of Husky Energy Challenge Holdings since September Currently, Mr. Wu serves as the Chairman of the Board of Directors of CaiTerra International Energy Corporation. Board of Directors

Management Songning Shen - Chairman of the Board and Managing Director of CFG. Mr. Shen is currently the CEO and director of CaiTerra International Energy Corporation. He was a Co-founder, Co-Chairman and Director of Sunshine Oilsands Ltd., a company listed on the Hong Kong Stock Exchange and the Toronto Stock Exchange. Sunshine holds over 1.0 million acres of oilsands leases and has a resource base of 4.2 billion barrels. Mr. Shen holds a M.Sc. from the Norwegian University of Science and Technology. Shan Li - Vice President of Finance. Ms. Li has been the Investment Manager of the Strategic Investment Division of the Bank of China Investment Group since 2010 and previously served as the Vice-President of BOCI Asia Limited. In both companies, she identified, developed, and maintained client relationships. She has been involved in numerous IPOs and major M&As transactions. Perla Woo - Vice President of Corporate Operations and Treasurer. Ms. Woo is the Vice-President of CaiTerra International Energy Corporation. She was a Co-Founder of Sunshine Oilsands Ltd. and has been the Senior Vice President of Sunshine Oilsands from October 2007 to September 2008 and previously held the position of Vice President, Engineering. Ms. Woo has over 20 years experience working in the oil and gas industry in Canada in the fields of reservoir engineering, exploitation, and pressure transient analysis. Richard W. Pawluk - Corporate Secretary. Mr. Pawluk has been a partner of the law firm of McCarthy Tétrault LLP since He has worked for the law firms Donahue LLP and Code Hunter LLP. He has acted for a number of private and publicly traded oil and gas exploration and production companies with assets in Canada, the United States of America, Egypt, Pakistan, Albania, Portugal, Columbia and Turkey, advising on all types of domestic and international financing and acquisition. Mr. Pawluk currently serves as director of CaiTerra International Energy Corporation.

Management (Continued) Kyaw Moe – Myanmar Special Representative. Mr. Kyaw Moe is Founder and CEO of Asia Network Service Inc., a company providing business consulting service and trading with South East Asia Countries including China. Kyaw Moe has about 15 years of media and communication working experience in both corporate and radio station including Voice of America (VOA) radio. Robert Maxwell – Country Manager. Mr. Maxwell is a senior oil and gas manager with extensive in-country international management experience as a Senior Geological Advisor in Myanmar, Libya, Qatar, Vietnam, Cuba, Canada, and the Russian Far East. Recently, he had was an exploration advisor for Murphy Oil in Malaysia as prior to this for Qatar Petroleum in Qatar. Over the course of 37 years, he has maintained strong technical skills in geosciences and an advanced user of the most recent geological and geophysical mapping programs including Petrel, Decision Space, DUG, Petrosys, and Arcmap.

CFG participated in Myanmar’s Nov offshore bidding round along with Transcontinental Resource Group (TRG) and Myanmar’s KMA Group. CFG and TRG were awarded Shallow Offshore Block M-15 on March Under the terms of joint bid, CFG will undertake a seismic program and drill two wells. On March 30, 2015 the Production Sharing Contract was executed. Currently conducting initial environmental impact assessment. CFG’s Myanmar Activities

Owns the operation right of block M-15 covers 13,480 sq. km. Block M-15 is located in the Andaman Sea, within the Tanintharyi Offshore basin, which is off Myanmar’s southern Tanintharyi coast. One of the biggest offshore gas fields in Myanmar, Yetagun gas field, is located 60 km to the north of M-15. The Yetagun field contains an estimated 4.2 TCF of recoverable gas. Daily production is about 400 MMSCFD with 12,000 bbl/day condensate According to regional magnetic information, M-15 is located at the Transgression/regression channel area from Eocene to Miocene age in the fault offset region adjacent to a deep Oligocene sedimentary basin. Both Clastic and Carbonate reservoirs are prospective targets within this block. Approximately 1,753 km of 2D-seismic has been acquired. Previous geophysical and geological work had identified several prospects with potential from 4 TCF to 10 TCF gas and indicate significant structural and stratigraphic traps. Additional 3D seismic work is required to identify the most promising closures. Significant Prospects with an estimated P50 Resources of 24 TCF Company Asset in Myanmar

Myanmar’s Awarded Offshore Blocks

Myanmar’s Offshore 2014 Bid Results

Block M 15 Prospects

Block M15 Resource Criteria and Volumes 13 ProspectBgRfP10P50P90 NumberNamefractionBCF 1Basin Fan No Volumetrics - Poorly Defined 3Oligocene Horst Block aOligocene Horst Block – Gravity Defined – No Volumetrics 4AVO Miocene Pinchout Yetagun - Like Basement High Carbonate Buildup Oligocene Restricted Oil – No Volumetrics TOTAL

CFG Work Programme Production Sharing Contract (PSC) executed on March 30, 2015 Prepare Environmental and Social Impact Studies – 1 st Q 2015 to 2 nd Q 2015 Reprocess previously acquired seismic – 2 nd Q 2015 to 3 rd Q D Seismic program – 4 th Q 2015 to 1 st Q 2016 Process new 3D Seismic data, refine previously identified drill targets and plan drill program – 2 nd Q 2016 to 3 rd Q 2016 Drill first well – 4 th Q 2016

Company Structure Singapore incorporated private company Shares outstanding: 147 million shares Capital raising: Planning to raise US$30-50 million by 2Q 2015 Will pursue a listing on a recognized exchange

Surrounding Infrastructure and Projects

Major Offshore Gas Projects (1) YADANA GAS PROJECT Proved gas reserves of 6.5 TCF.* Started operating in Average gas production is 653 MMSCFD for 2014 Q1.** 17 wells in total are connected to 3 platforms. Located in blocks M5 and M6 with an area of 26,140 sq. km. Operated by Total and partnered with PTTEP, Myanmar Unocal, and MOGE Gas exported from gas field to Thailand There are a number of discovered gas fields being developed in these blocks that are prospective. * Myanma Oil and Gas Enterprise, a Ministry of Oil and Gas Enterprise slide, July 2011 **

Major Offshore Gas Projects (2) ZAWTIKA GAS PROJECT Gas reserves of 1.4 TCF with targeted production of MMSCFD.* First gas production was in February wells in total are connected to 3 platforms. Located in block M9 and small NE part of M11 with an area of 11,746 sq. km. Zawtika, Gawthaka, and Kakonna gas fields were discovered in Operated by Thai state-owned enterprise PTTEP (80%) and partnered with MOGE (20%). 2/3 of gas exported to Thailand and the rest is for Myanmar’s domestic use *PSC in Myanmar Upstream Oil and Gas Industry. Presentation by Mr. Htin Aung of Energy Planning Department on March 28, 2012

Major Offshore Gas Projects (3) YETAGUN GAS PROJECT Proved gas reserves of 4.16 TCF* with 2014 Q1 production of 313 MMSCFD and liquids condensate of 7251 bbl./d.** One platform with 10 wells. Located in blocks M12, M13, and M14 within an area of 24,130 sq. km. Operated by Petronas and partnered with PTTEP, Nippon, Mitshubishi, MOGE (10 wells). Production started in April *Myanma Oil and Gas Enterprise, a Ministry of Oil and Gas Enterprise slide, July 2011 **

Major Offshore Gas Projects (4) SHWE GAS PROJECT Gas reserves of 4.5 TCF with production of 500 MMSCFD.* Located in blocks A1 and A3, in the Rakhine offshore. It has 11 wells on the platform and 4 wells in the subsea wellhead. Operated by Daewoo and partnered with ONG, GAIL, KOGAS, and MOGE Export of gas to China started in 2013 *PSC in Myanmar Upstream Oil & Gas Industry. Presented by Mr. Htin Aung of Energy Planning Department on March 28, 2012

Major Pipelines - Myanmar to China The gas pipeline from Myanmar to China carries the gas extracted from Shwe gas project located offshore of the Bay of Bengal. The crude oil pipeline is designed to carry approximately 22 million tonnes of oil per year. The design capacity of the natural gas pipeline is 13 Bm³. It is expected to deliver 12 Bm³ of gas to China every year, while reserving1Bm³ of gas for Myanmar's domestic use.* *Myanmar-China Pipelines, China technology.com

Major Pipelines - Myanmar to Thailand Gas extracted from the Yetagun project started flowing to Thailand in 2000 at about 200 mmcfd. In August 2004, this figure doubled after four new wells went online. With the new wells, overall production climbed to 500 MMSCFD, with 400 MMSCFD exported to Thailand. The offshore Yadana gas project, where Total is the operator of the project, exports 600 MMSCFD to Thailand. About 200 MMSCFD are used to meet Myanmar’s domestic needs.

Contact Information SONGNING SHEN KEVIN FLAHERTY Chairman of the Board and Managing Director Executive Director Canadian Foresight Group PTE. LTD. Mobile: Mobile: Office: ext PERLA WOO TMS Building, 12 th Floor Vice President 172 Hai BaTrung Street, District 1 Canadian Foresight Group PTE. LTD. Ho Chi Minh City, Vietnam Telephone: Mobile: Office: ext Canadian Foresight Group PTE. LTD. Suite 800, th Avenue SW Calgary, AB T2P 0Z3 Canada Office: Fax: