Step Changes in Production Building Shareholder Value in the - PowerPoint PPT Presentation

Step Changes in Production Building Shareholder Value in the Mannville Trend PLX:TSXV 1 November 2016

Forward Looking Statement Certain information regarding Point Loma Resources Ltd. (“the Corporation” or “PLX”) in this presentation including without limitation management's assessment of future plans and operations, the benefits to be derived from the proposed transactions, future acquisitions, timing of drilling and tie-in of wells, cash flow projections, pricing assumptions, productive capacity of the new wells and productive capacity from different wells, expected production rates, drilling success rates, expected operating rates, expected LLR ratings, dates of commencement of production, may constitute forward looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, unexpected decline rates in wells, wells not performing as expected, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could effect the Corporation's operations and financial results will be included in financial reports. Furthermore, the forward looking statements contained in this presentation are made as at the date of this presentation and the Corporation does not undertake any obligation to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. 2 PLX:TSXV

Forward Looking Statement Barrel of oil equivalents or BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different than the energy equivalency of the 6:1 conversion ratio, utilizing the 6:1 conversion ratio may be misleading as an indication of value. References in this document to production test rates, initial test production rates, and other short-term production rates are useful in confirming the presence of hydrocarbons, however such rates are not determinative of the rates at which such wells will commence production and decline thereafter and are not indicative of long term performance or of ultimate recovery. Additionally, such rates may also include recovered "load oil" fluids used in well completion stimulation. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Point Loma. A pressure transient analysis or well-test interpretation has not been carried out in respect of all wells. Accordingly, the Corporation cautions that the test results should be considered to be preliminary. 3 PLX:TSXV

Point Loma Snapshot • Production has increased from 135 – 500 boe/d since July • Additional tie-ins of tested production will boost production beyond 800 boepd this winter • Large acreage position captured on core multi-zone light oil & gas fairway • Mannville horizontal wells….. “Strip pricing” IRR’s of 50-70% and less than two year payouts on drill ready horizontal inventory • No bank debt • Experienced and skilled team that is focused on creating shareholder value 4 PLX:TSXV

Point Loma Strategy • Point Loma has captured a significant position on the highly prospective multi-zone Mannville and Mississippian fairway of West Central Alberta. • Modest drill depth and technological advancements leads to strong economics with low costs per well • With over 125,000 net acres with significant shallow to medium depth horizontal drilling inventory (> 300 potential locations) • Potential to drill and acquire to grow 50 -100% year over year • Market has lessened competition for deals and land • Build value for successful exit strategy and shareholder return 5 PLX:TSXV

An Experienced & Energized Team With a Track Record of Unlocking Value in West-Central Alberta Terry Meek, P.Eng., President, CEO • Mr. Meek has 31 years of experience in the conventional and unconventional oil & gas industry. Former founder, Executive VP and COO of the coal bed methane focused company Ember Resources Inc. (2005-2011). Former founder, VP Engineering and COO of Thunder Energy (1995-2005), growing market capital to over $600 million from inception. Kevin Angus, P.Geoph., ICD.D, Executive Vice President Business Development • Mr. Angus has 33 years of geotechnical experience and is also a director of Painted Pony Petroleum. Former co-founder of three public oil and gas companies, Mustang Resources Inc., Pegasus Oil and Gas Inc. and Surge Energy Inc. Mr. Angus has also held positions with Husky Energy Inc., Ulster Petroleum Ltd. and Archean Energy Ltd. Randall Boyd, CPA, CGA, Vice President Finance and CFO • Mr. Boyd is an experienced public CFO with 35 years in the oil and gas industry. His experience includes positions as CFO at Deventa Energy Inc., Masters Energy Inc. and other listed companies. Prior experience includes Flagstone Energy Inc., Norwich Resources and Archean Energy. Dan Boyko, P. Eng., Vice President, Engineering • Mr. Boyko has 33 years of experience in the petroleum industry. Former VP Business Development for Open Range Energy Corp. and has acted as a Petroleum Engineering consultant for companies including NAL Resources, Devon Energy Canada and Lone Pine Resources. Mr. Boyko also served as a Team Lead and Senior Engineer at Poco Petroleums Ltd. Brad Johnston , B.Comm – Vice President Land • Mr. Johnston has 16 years of experience in the oil and gas industry, both internationally and in Western Canada, with a focus on negotiating transactions for joint ventures, acquisitions and divestitures. Mr. Johnston previously held positions at Galleon Energy Inc., Nexen Energy Inc. and was VP Land for Carnaby Energy Ltd. Gordon Cameron – Corporate Secretary • Mr. Cameron is a partner at McCarthy Tétrault LLP. He has been a practicing corporate lawyer for over 8 years and 6 specializes in the areas of corporate finance, capital markets, corporate governance and mergers and acquisitions.

Strong Governance Experienced Board of Directors, Four Independent Steve Dabner, P. Geol., - Chairman • Mr. Dabner is currently Vice President Exploration and New Ventures at Madalena. Mr. Dabner has 32 years of industry experience, including founding roles as President and Chief Executive Officer of Online Energy Inc., Trimox Energy Inc. and Moxie Exploration Ltd. Doug Dafoe, CA • Mr. Dafoe is currently the Chief Executive Officer and President of Ember Resources Inc. and Chairman of the Board of Xtreme Drilling and Coil Services Corp. Mr. Dafoe has 35 years industry experience with public and private oil and gas companies in Western Canada, including acting as Chief Executive Officer and President to Sword Energy Inc. Jay Reid, B.Comm, LLB • Mr. Reid is currently a partner at Burnet Duckworth and Palmer LLP and has a practice focused on securities laws in the area of capital markets, mergers and acquisitions and corporate governance. Mr. Reid has over 26 years of industry experience. During the course of his career Mr. Reid has acted as a Director or Officer of 19 public companies. Don Brown • Mr. Brown is an independent businessman with over 30 years of industry experience and formerly the President and Chief Executive Officer of Elkwater Resources Ltd. until July 2014. Terry Meek – President, CEO • Bio in Management Section 7 PLX:TSXV

Capital Structure Clean Balance sheet Current Production – boe/d 500 TSXV – PLX 2016 Exit rate – boe/d (est.) 800 Share Price (Nov. 14, 2016) $0.35 Oil/Gas weighting 40%/60% Basic Shares Outstanding 27,268,682 Fully Diluted Shares Outstanding 29,038,368 Insider Ownership (Basic / Fully Diluted) 35% / 39% Management Ownership (Basic / Fully Diluted) 10.6% / 13.3% Market Capitalization (Basic) (1) $9,544,000 Working Capital (Oct. 31, 2016) $1,000,000 Convertible Debenture – Matures on June 28, 2021 (2) $3,000,000 Convertible Debenture – Matures on June 28, 2018 (3) $650,000 Enterprise Value (Basic) $11,694,000 Management Average Cost – per share $0.55-0.59 Notes: (1) Based on November 14, 2016 closing price of $0.35 per share (2) The convertible debenture was issued pursuant to the Madalena asset acquisition, bearing 3.0% interest with conversion price of $0.50 per share (3) The convertible debenture was issued upon closing the reverse takeover of First Mountain Exploration, bearing 7.0% interest with conversion price of 8 $0.40 per share