1. Petrolympic Properties in QuÉbec
to offer locally-produced oil & natural gas to a striving market
APGQ-QOGA
8th annual meeting
Montréal – October 31, 2016
OTCQB: PCQRF –

2. SAFE HARBOUR STATEMENT
This presentation contains certain forward-looking statements concerning future operations, economic performances, financial conditions, and financing plans. These statements are based on certain assumptions and analyses made in light of management experience, perception of historical trends, current conditions, and expected future developments as well as other factors that management believes are appropriate in the circumstances. However, whether actual results and developments will conform to management expectations and predictions is subject to a number of risks, uncertainties, and assumptions. Consequently, all the forward-looking statements made in this document are qualified by these cautionary statements and there can be no assurance that the results or developments anticipated by management will be realized, that they will have the expected consequences to or effects on the company and its subsidiaries or its business operations.
Management undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable laws. For all these forward- looking statements, management claims the protection of the safe harbour for forward- looking statements contained in the U.S. Private Securities Litigation Reform Act of
OTCQB: PCQRF –

3. COMPANY PROFILE Listed on TSX-V:PCQ and OTCQB: PCQRF
Toronto-based public E&P company funded in 2007
O&G exploration in Quebec through its subsidiary Petrolympia for conventional reservoirs and for the Utica Shale
Oil production in Texas from Eagle Ford Shale
New oil asset in Western Canada
Focus on assets with unlimited growth potential
1.86 million acres (750,000 ha) position in world-class plays
Common Shares
105.5 million
Insider Ownership
45 %
Debts
None
OTCQB: PCQRF –

4. POSITION IN QUÉBEC
Petrolympic holds interests with unlimited potential in the Gaspé / Lower St. Lawrence
Conventional reservoirs
One reservoir independently validated – 61.1 MMBOE (Sproule, 2016)
program designed to add a potentially unlimited value to the properties
Petrolympic also holds additional interests in the St. Lawrence Lowlands
Diversified conventional reservoirs (sandstones, carbonates and dolomitized plays)
Proven unconventional reservoirs (Utica Shale)
$20M invested so far in all the properties
Petrolympic’s assets are close to local industries and end-users
There is real political and social support for local development of conventional reservoirs and the company intends to establish and maintain a good and respectful relationship with the communities and the land users, in line with the future hydrocarbons law and regulations
OTCQB: PCQRF –

5. SOCIAL ACCEPTABILITY STRATEGY
Petrolympic intends to root its activities in the local social and economic fabric
Identify the local needs and strengths, the social and environmental constraints
Seek local partnerships for the benefit of the communities
Strong will to work WITH the communities, never against them
Strong will to bring something more, not to destroy what already works well
Develop and enforce a comprehensive social acceptability action plan
Petrolympic favors direct dialogue with the stakeholders in a non-passionate environment
Give time to the dialogue, take the time to collect factual data
Revise the programs according to the recommendations of the stakeholders
Accountability: in the long run, establish follow-up comities on the different projects
Period of regulatory uncertainty for everybody
Difficulty (on both sides) to discuss technical aspects until the regulatory framework is clarified
Best efforts deployed to anticipate the new regulations and get inspiration from them and, by default, stick to recognized industrial and social best practices
OTCQB: PCQRF –

6. LOWER ST. LAWRENCE / GASPÉ PENINSULA
100% interest in the Matapédia and Mitis properties
100,542 acres / 40,688 ha
_______
30% interest in properties held by joint venture partner Squatex Energy and Resources Inc.
1,065,415 acres / 431,160 ha
MASSÉ
Total assets interests in
Lower St. Lawrence:
1,165,957 acres / 471,848 ha
MITIS
MATAPÉDIA
OTCQB: PCQRF –

7. MATAPÉDIA PROPERTY
Several prospects with superposed conventional structural traps
Hosted in Early Devonian Forillon / Indian Cove limestone and underlying Silurian Sayabec limestone / Val-Brillant sandstone
Target depths range:
1,970-8,200ft / 600-2,500m
Reservoir analogues already validated in eastern Gaspé (Forillon / Indian Cove in Galt and Bourque fields), in Massé (Sayabec) and in Pennsylvania/ West Virginia (Val-Brillant equivalent)
5 km
OTCQB: PCQRF –

8. LAC ALFRED STRUCTURE IN MATAPÉDIA
Example of drillable prospect in Matapédia highlighted by reprocessed governmental seismic:
3-way faulted anticline closure in Forillon Fm
Estimated depths:
Top Forillon: 4,020ft / 1,220m
Total depth of well: 4,725ft / 1,440m
Inverted growth fault sealed by Shiphead and Indian Cove formations, development of natural fracture networks and possible hydrothermal dolomitization in the underlying Forillon Fm
1km
OTCQB: PCQRF –

9. VAL-D’IRÈNE STRUCTURE IN MATAPÉDIA
Example of prospect in Matapédia highlighted by reprocessed governmental seismic:
3-way faulted anticline closure in Forillon Fm
Estimated depths:
Top structure: 2,625ft / 800m
Total depth of well: 5,085ft / 1,550m
Abundant oil and gas shows are documented in shallow offset wells in close vicinity. Gas smells are also documented on outcrops in the Forillon Formation
1km
OTCQB: PCQRF –

10. MITIS PROPERTY 5 km Conventional structural traps
Hosted in Silurian Val-Brillant sandstone
Target depths range:
1,800-7,300ft / 550-2,225m
Reservoir analogues already validated in Pennsylvania/ West Virginia (Val-Brillant equivalent)
Regional offset data confirm the potential
5 km
At depth in Massé No 2 well (secondary porosity)
On outcrops (bitumen-filled porosity)
OTCQB: PCQRF –

11. LAC CHEVREUIL STRUCTURE IN MITIS
Example of drillable prospect in Mitis highlighted by reprocessed proprietary seismic:
Two flat spots (black arrows) hosted in Val- Brillant sandstone in a faulted anticline
Direct indicators of fluids
Estimated depths:
Top shallow target: 1,850ft / 565m
Top deep target: 2,360ft / 720m
Total depth of well: 2,950ft / 900m
Drilling program in preparation
1km
On outcrop the Val-Brillant sandstone locally exhibits secondary porosity through dissolution during burial diagenesis, filled with bitumen coatings (porosity averages 10%, with up to 20% locally)
OTCQB: PCQRF –

12. 2017-2018 EXPLORATION PROGRAM Phase I
Mitis 1 deviated exploration well to test Lac Chevreuil structure
40mi / 65km of infilling and exploratory seismic
Matapédia 1 vertical exploration well to test Lac Alfred structure
75mi / 120km of infilling and exploratory seismic
Fieldworks Combined in both properties
Phase II
Mitis 2 exploration wells to test additional structures
1 production well
Matapédia 4 exploration wells to test additional structures
– Exploration program is conditional to results, permitting, equipment availability and funding –
OTCQB: PCQRF –

13. DISCOVERIES IN THE MASSÉ STRUCTURE
Conventional reservoir discovered, independently evaluated by Sproule (2016) – 61.1 MMBOE
Massé No 1 (total depth 6,148 feet / 1,874 meters)
Reservoir characteristics (Sproule 2014)
Depth: ~ 1,850m
Thickness: ~ 10m
Porosity up to 20.8%
Permeability up to 1,624 mD
Charge: 89% methane
No H2S
Massé No 2 (total depth 6,463 feet / 1,970 meters)
Hydrocarbon charge
Heavy oil (19.85º API and 0.953% sulfur)
Methane and condensates
No H2S
Well being monitored and maintains its pressure
(Source: Squatex)
Dark brown (D8) oil with 19.85° API and less than 1% sulfur. Sample collected at surface (Massé No 2)
GAS
OIL
GAS + OIL
MASSÉ No 1
MASSÉ No 2
2005-SQX-01
2008-SQX-04 S N
1 km
OTCQB: PCQRF –

14. CONFIRMATION OF THE EXPLORATION STRATEGY
Confirmation that hydrocarbon-bearing intervals can be successfully located through processing of seismic AVO anomalies
Opens the way to test additional drilling targets in a vast region around the Massé structure
Three main conventional plays are now considered on the Property:
Naturally fractured carbonates
Hydrothermal dolomitization
Pinnacle reefs
Two main formations targeted in the Siluro-Devonian:
The Sayabec limestone
The Val-Brillant sandstone
Ongoing academic research project with focus on:
Internal architecture of the Sayabec Formation
Relationships with hydrothermal dolomitization and O&G potential
(Source: Squatex)
OTCQB: PCQRF –

15. ST. LAWRENCE LOWLANDS 100% interest in 1 property
138,754 acres / 56,152 ha
_______
30% interest in properties held by joint venture partner Squatex Energy and Resources Inc.
536,051 acres / 216,933 ha
and
12% interest in properties farmed out by Canbriam Energy Inc.
19,768 acres / 8,000 ha
Total assets interests in
St. Lawrence Lowlands:
694,573 acres / 281,085 ha
OTCQB: PCQRF –

16. ST. LAWRENCE LOWLANDS
Majority of Lowlands properties are in the area prospective for the Utica Shale gas and the conventional Trenton-Black River HTD play
Properties are at the heart of the industrial Quebec, with high local demand for natural gas and good pipeline networks
Utica Shale GIIP estimated to 183Tcf for the Lowlands by the Geological Survey of Canada (2014)
Canbriam farmout is focused on developing this shale gas asset but has been put to a halt till fraccing moratorium is lifted
Trenton-Black River HTD play has good production history immediately south of the border in NY State
Shallow platform carbonates and sands in SW corner are equally prospective and inexpensive to develop
Utica Shale gas and Trenton-Black River
Shallow platform carbonates and sands
OTCQB: PCQRF –

17. Poised FOR HIGH growth in Quebec
Petrolympic is well positioned to take advantage of a diversified portfolio of assets:
1.86 million acres (750,000 hectares) land position – 100% owned and JV partnership
Utica Shale and conventional plays in St. Lawrence Lowlands – Dry gas
Conventional plays in Gaspé / Lower St. Lawrence – Gas, condensates, oil
Short- and mid-term economic models to develop Petrolympic’s properties capitalize on the
high demand for locally-produced oil and natural gas
Petrolympic’s policies are oriented to:
Maximize the economical benefits for the region and for Québec
Develop the resources in an environmentally and socially responsible way
Establish and maintain a good relationship with the communities and the land users
OTCQB: PCQRF –

18. Mendel Ekstein, President and CEO Andreas Jacob, Vice-President
Contact:
Mendel Ekstein, President and CEO
Andreas Jacob, Vice-President
Petrolympic Ltd.
36 Toronto Street, Suite 1000
Toronto M5C 2C5 ON
Ph:
OTCQB: PCQRF –