October 2016

Real ChangeCleaning energy sources and also increasing the quality of energy sources we have in abundance today.

Conscience Labs Our Products Our Value

PropositionOur Projects

The Future

Contact

02

Investors

Conscience Labs Let’s Clear the Air

We provide solutions for energy product challenges. We do this at the reservoir, on the way to the refinery, at the refinery, in the engine and

finally, out as emissions into our environment. Our suite of additive solutions improve API gravity and decrease sulphur

content at the reservoir and/or refinery. They improve fuel performance, engine efficiencies, and ultimately reduce emissions and airborne

pollutants in the environment. In all cases, our products aim is to increase oil quality and fuel

performance more than the products cost, enabling our clients to increase earnings and create a cleaner environment.

Increased income coupled with the positive impact our products have on the environment, are the types of progressive solutions businesses are

looking for today. It’s what makes us relevant. 

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Crude Oil

AdditiveSolutions for Heavy & Sour Crude Oil

The two most important properties in determining a crude oil’s value is density and sulphur content. Conscience Labs’ additive improves both.

On average, API gravity increases by more than 6 and sulphur content decreases up to 46% when our additive is used at concentration of 5%. The significant changes in both “weight” (hydrocarbon length) and sweetening (sulphur content by weight), has a considerable impact on the value. Value that surpasses the additive’s cost to the producer. 

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Fuel AdditiveIncreased Performance & Lower

Emissions

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Boosting performance, added engine efficiency, and cleaner burning fuel; Conscience Labs fuel additives do them all.

Our fuel additives are beneficial in the tank, throughout the engine, and out the exhaust. We achieve better performance by

boosting octane and cetane, increase fuel efficiencies, and decrease engine wear with cleaner burning fuel. Our additive

improves the environment with significantly less emissions, which are also clearer and cleaner themselves.

Oil Additive Fuel Additive

Sweeter, Lighter Oil

Product Conscience Labs Upgraded Product

06Conscience Labs Additive Process

Upgrading Customer Products, Maximizing Customer Profits, While Clearing Everyone’s Air

Performance Fuel

Transportable Oil

Cleaner FuelDirty Fuel

Low Quality Fuel

Heavy Crude OilAcidic Crude

Oil

Results

Increased Profits Lower Emissions

Clearer Air Better Environment

Our additives can be applied almost anywhere in the upstream or downstream process.  Conscience Labs is currently developing the additive for use in the reservoir itself. Initial test results

are showing the additive is accretive in Steam Assisted Gravity Drainage (SAGD).

Product Solutions

Upgrading Petroleum Product Quality - Cleaner, More Efficient, More Valuable & More Profitable

Fuel Quality, Engine Performance & Decreasing Carbon Boosting octane and cetane, while considerably reducing smoke opacity, nitrogen oxide, carbon monoxide/dioxide emissions in gasoline, diesel, and kerosene

Demulsifier & Diluent Decreasing TAN, raising API gravity by up to 6 with 5%,

while breaking oil emulsions into water and oil to over 99%,

without the use of heat

Sulphur, Ash & Metals Reduction Significantly decreasing

petroleum contaminants, with a focus on sulphur

Value & Growth Significant upgrading client’s product quality and increasing their net income, while improving air quality and the environment

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Value TodayConscience Labs is relevant to clients today.

Our solutions provide the ability to upgrade the quality of products more than our competition, while increasing company earnings. What’s unique about Conscience Labs solutions, isn’t solely that

they increase client earnings more than our competitors. It’s that our products do so while positively affecting the environment. The more our products are used, the better it is for the air around us.

Countries, companies and the environment all benefit when Conscience Labs solutions are used

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-40% +50% +99% -46%

Airborne Emissions API Enhancer Demulsifier Sulphur Reduction

09Performance

Laboratory and Field Tested

Over the past twelve months, Conscience Labs’ oil and fuel additive solutions have been laboratory and field tested in Canada, China, Jordan, Ecuador and Israel. All

results have been positive. Performance numbers above are reflective of the top field and lab tests to date.

$1.85

$3.50

$6.00 - $14.50

$6.00 - $20.00+

10Cost Efficiencies at $1.95/L and 5% ConcentrationPer Barrel Cost Efficiency Spreads for Conscience Labs’ Oil

Additive

DemulsifierThe absence of heat for oil and water separation, lowers salt content and leads to a net savings on average of $1.85 per barrel of oil produced

TAN# Total Acid NumberAcid reduction reduces refinery costs up to $3.50 per barrel of oil delivered

Viscosity/Diluent Reduction in diluent costs for transportation between $6.00 and $14.50 per barrel (*depending on API)

Sulphur, Carbon & Ash Reduction Refinery penalty and sulphur reductions make the multi-purpose additive extremely valuable. The resulting positive impact on the environment make the additive very valuable

Partnering Today

Conscience Labs is currently speaking to crude oil producers, as well as countries and companies refining petroleum

products who want to upgrade the quality of their products. Conscience Labs is currently negotiating with governments

and/or companies in China, Jordan, Israel and Ecuador. Conscience Labs is expecting to fill purchase orders in the next nine months, with a probable start in Jordan or Ecuador in Q2

2017. Market timing will be dictated by investment and on final negotiations in both countries.

Countries and companies Conscience Labs is currently in discussions or negotiations with

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Napo: 19.0 API

2.01% SO2

Oriente: 24.1 API

1.51% SO2554,400 BBL/D

12EcuadorIncreasing Gross Production, While Adding Value to All

ProductionEcuadorian Overview Crude oil production in Ecuador has averaged 554,400 BBL/D in 2016. The majority of production is two types of crude oil products; Napo & Oriente (bottom left). Both products are heavy (<30API) and sour (>1%/weight) sulphur. Over 80% of Ecuador’s oil reserves are heavy and acidic. Both are characteristics on which Conscience Labs’ additive works extremely well. Transporting heavy oil in Ecuador is expensive and in some cases, too expensive to make production economical. The majority of oil that is currently being produced in Ecuador is acidic. The high sulphur content is hard to treat, hard on the refinery, and as a result, hard to make economically viable. Conscience Labs’ oil additives are solutions for both transportation issues and sulphur content reduction. In comparison to what is currently being used, both solutions are better at raising API and lowering sulphur content. Conscience Labs’ additive makes Ecuadorian oil both economically feasible and more profitable. 

13EcuadorIncreasing Gross Production, While Adding Value to All

ProductionTesting in Ecuador

Conscience Labs Additive Results Ecuador’s lab tests on Conscience Labs’ oil additive showed an increase in API gravity (lower density and increase ability to flow) up to 10.3 degrees and reduced sulphur content up to 35%. Results came from using 5% of Conscience Lab additive to total volume. Final cost of CL additive to Ecuador was quoted at a final cost of $1.95/litre. Current Comparable In comparison, the diluent currently used in Ecuador to increase API results in an average of 5 to 7 degrees, resulting from a 30% additive to total volume concentration. The current diluent does not lower sulphur content. The cost of the current additive is $0.30/litre. Economic Feasibility Conscience Labs - at a concentration of 5% per treated barrel of oil, requires 7.95L, resulting in a cost of $15.50 ($1.95/L), per barrel. It needs to be noted that the Conscience Labs additive does not need to be removed and recycled from the product at a later time. Current diluent - at a concentration of 30% per treated barrel of oil, requires 47.7L, resulting in a cost of $14.31 ($0.30/L), per barrel. The comparable additive needs to be removed and recycled from the product at a later time at an average cost of $8.50/bbl.

Ecuador Project Economics Value Proposition In Ecuador, Conscience Labs additive, lowers total costs for current production and can increase overall production as shut-in reserves become economic. 1. ($0.69/bbl) increase in cost for overall quantity of

additive 2. $8.50/bbl savings on recycling cost of comparable additive 3. $6.00+/bbl in average added product value, from lowered

sulphur content Conscience Labs can deliver a net value of ~$13.81+/bbl, in addition to increasing production. Contract & Investment The Ecuadorian Government has requested an initial 36 month contract for 15,700bbls/month of Conscience Labs oil additive for $1.95USD/L, with a mixing facility to be built in Ecuador to facilitate the contract. The agreement’s aim is to treat approximately 4.7% of Ecuador’s oil production. The total cost of constructing the mixing facility is $2.150MM. The cost of the first month of raw materials delivered is projected from $0.90/L to $1.05/L (spot price dependent), for a total monthly range of $2.246MM to $2.621MM.

Total Start-Up Investment Cost - $4,396,000 to $4,771,115 Total Monthly Gross Revenue - $4,867,785 Total Monthly Net Revenue - $2,246,670 to $2,621,115

14JordanUpgrading Fuels - Refinery

Solutions

Jordanian Overview Jordan Petroleum refines approximately 9,700,000 litres of fuel/day for use in Jordan, dependant on the time of year (~4,600,000 litres of gasoline, ~3,600,000 litres of diesel and ~2,000,000 litres of kerosene).

3 Stage Test Schedule & Results Stage 1 - Laboratory Testing at Jordan Petroleum First stage tests were conducted in June of 2016 in Jordan Petroleum laboratories. Tests were conducted on: octane changes in different types of gasoline; sulphur content changes in diesel and kerosene; and freezing point changes in kerosene with an additive concentration of 1.3%. All results were positive: • 90.0 octane gasoline increased to 95.1 • 95.0 octane gasoline increased to 97.6 • Diesel with a sulphur content of 1.20% decreased to

0.771% • Kerosene with a sulphur content of 1.21% decreased to

0.072% • Kerosene with a freezing point of -32 degrees centigrade

lowered to -53 degrees centigrade

Gasoline: 1.34% SO2

Diesel: 1.21% SO2

Kerosene: 1.26% SO2

15Jordan

Stage 2 & 3 Test Schedule & Results Stage 2 - Field Testing - Passenger Vehicles in Jordan Second stage tests were conducted in field settings in Jordan on 50 small to mid and large-size passenger vehicles. Smoke opacity in diesel vehicles, overall emissions in all vehicles, sulphur content changes in emissions in all vehicles, combustion performance changes in all vehicles and fuel efficiency changes in all vehicles were tested. All results were positive: • 30% decrease in all overall emissions • 45% decrease in smoke opacity in diesel vehicles • 46% decrease in sulphur content in all emissions • Range of 5.0% to 7.6% improvement in fuel efficiency • 33% increase in engine combustion Stage 3 - Field Testing - Commercial/Construction Third stage tests have been ongoing in field settings in Jordan since the start of September. Field tests are presently being conducted on commercial vehicles and heavy construction equipment and are scheduled to commence the third week in October. Final results are scheduled to be formalized and shared with Conscience Labs on October 28th, 2016. It has been communicated by Jordan Petroleum that a schedule to initiate the project with an expected first product delivery date in Q2 2017 (can be earlier with sufficient investment capital).

Proposed Contract Timeline & Investment With the expectation that Stage 3 tests will match the positive results from Stage 1 & Stage 2, Jordan Petroleum and Conscience Labs has initiated contract schedules, initial additive requirements, and cost expectations. Jordan Petroleum has requested an initial 12 month contract for 50,000 litres/day of Conscience Labs fuel additive for $1.55CAD/L. 500 m^2 of land is currently being held by Conscience Labs for a mixing facility to be built in the near future. The total estimated cost of the mixing facility building is $382,500. The cost of the first month of raw materials shipped and delivered, is projected from $0.70/L to $0.85/L (spot price dependent), for a total monthly range of $1.050MM to $1.275MM. Total Start-Up Investment Cost - $1,432,500 to $1,657,500 Total Monthly Gross Revenue - $2,325,000 Total Monthly Net Revenue - $1,050,000 to $1,275,000

Upgrading Fuels - Refinery Solutions

Tomorrow’s Partners

Conscience Labs is predicting filling purchase orders in the next 4 months, with a probable start in Jordan for January 2017. A

Canadian and/or Chinese facility will be dictated by our level of investment towards a Canadian facility, as well as continued

research and development into SAGD & other aligned products and on final negotiations in both countries. 

In addition to the further development of existing products, Conscience Labs has Perm Labs focusing on the development of a

new Steam Assisted Gravity Drainage solution for Canada, as initial tests have recently resulted positively. 

Market penetration and further product development

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17Conscience Labs World Markets

Oil & Gas Solutions

Target Customers One of Conscience Labs’ focuses is on markets with heavier, acidic crude oil and/or lower grade fuels. Ecuador’s heavy and acidic crude oil is ideal for Conscience Labs. Ecuador state officials see the increased earnings potential and it’s the main reason the Company is so far along with them. Jordan has lower quality fuels, specifically diesel, gasoline, and kerosene. In addition to increasing earnings potential, Jordan Petroleum has a mandate to reduce emissions. Conscience Labs’ ability to deliver better quality fuel, in concert with cleaner emissions, are the reasons Jordan Petroleum is expected to be ready to work with Conscience Labs at the end of October.  The market for Conscience Labs isn’t restricted to Ecuador and Jordan. Conscience Labs has made presentations across Europe, Canada, China, Mexico, Ecuador, Jordan, Israel and South America, as well as presented to representatives from Qatar, Abu Dhabi, Azerbaijan and Russia. All presentations have resulted in positive responses.

Research & Development PERM Inc., is furthering the testing and development of Conscience Labs demulsifier, Steam Assist, as well as other product applications in earlier stages of development.

CanadaOil Production Solutions

Canadian Overview Crude oil production in Canada has averaged 3,642,000 BBL/D in 2016 and 1,997,700 BBL/D since 1973. The majority of production is thirteen types of crude oil products and have a wide range of sweet, sour, heavy, and light production. Two types of crude oil producers Conscience Labs is targeting are those of Athabasca and Cold Lake 

Cold Lake: 21.2 API

3.70% SO2

Athabasca: 19.6 API

2.10% SO23,642,000 BBL/D

. 

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CanadaOil Production Solutions

Canadian Case Conscience Labs is in talks with three Canadian oil producers. Initial company testing is currently underway. All three companies are looking to decrease sulphur, increase API, and separate oil and water. Conscience Labs additives’ ability to do all three is the key to its effectiveness in the western Canadian marketplace. Potential applications: 1. Demulsifier 2. Sulphur Reducer 3. Steam Additive 4. Diluent Replacement

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CanadaOil Production Solutions

Canadian Case Conscience Labs has completed laboratory testing on emulsions from 3 Canadian producers. Initial results have been positive with reduction in sulphur levels of 30+ percent, and water separation of 98+ percent. Current Comparison In comparison, the demulsifier currently used in the field to separate the emulsion results in an average of 93 to 96 percent separation at a cost of $6-8 per litre. Conscience Labs’ demulsifier is able to offer similar or often better results at a price much less than its competition. Economic Feasibility Conscience Labs Demulsifier – we are able to manufacture and produce our demulsifier at a cost of ~$1.00 per litre. This will allow us to market our product at a rate much lower than the competition and still allow us to be profitable at a 2 to 4 times multiplier. Conscience Labs Steam Assist – potential for substantial cost savings to oil sands producers in the energy costs of using less water and energy to create steam.

Canadian Projects Conscience Labs has engaged Perm Labs to conduct its ongoing R&D program. Upon initial reviews of our technologies, the professionals at Perm see the potential for a number of Canadian applications. Together with Perm, Conscience Labs has launched an extensive testing program to develop the suite of technologies tailored to problems faced by Canadian producers. Conscience Labs is continually collecting crude samples from interested producers to further prove the demulsifier in laboratory testing on a range of crude oil types. 

Perm has designed and constructed a core flood process to demonstrate the effects the product has on downhole enhanced oil recovery. Perm is currently designing a process to test the application of diluent replacement for pipeline transportation efficiencies. 

FEED stage engineering is completed for manufacturing and production facility.

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Investors

Value & Growth - A Partnership in Success

The original partners have contributed all investment capital to date. Funding has covered t h e i n v e n t i o n , c o m p a n y o r i g i n a t i o n , development, third party testing and patents. The Company has 6 months of operating capital requirements and is seeking the right partner to fund the first purchase orders. Conscience Labs is currently raising $4.5MM to $16MM in investment capital to cover the first purchase order or begin 4 simultaneously. As a private company, with few shareholders and no debt, Conscience Labs has flexibility in structuring accretive and mutually beneficial investments. The Company is currently talking to interested investors about four types of investment structures.

Ownership Equity ownership is available

Joint Venture Partnership An opportunity for investors looking for income. Investors have the ability to partner with Conscience Labs on one or more or all projects, with an income stream coming from a royalty on revenue or income

ContactDavid Malul, 

President

302, 303-13th Ave, Calgary, Alberta, Canada

778.795.0500 David@ConscienceLabs.com

For access to Conscience Labs Data Room, please email Info@ConscienceLabs.com.