Fall 2015September Update

TSX.V:QXP

Driven by Innovation…Progressive by Design

Consolidate – Growth – Reward

Disclaimer

TSX.V:QXP 1

IMPORTANT NOTICEThis presentation, its contents and any related oral presentations are confidential and the property of Quattro Exploration and Production Ltd. (“Quattro” or the “Company”) and have been prepared by theCompany solely for the use at the meeting where this document is presented and may not be taken away, reproduced, retransmitted or further distributed to any other person or published, in whole or inpart, by any medium or in any form for any purpose. By attending this presentation, you are agreement to be bound by these restrictions. Any failure to comply with these restrictions may constitute aviolation of applicable securities laws.This presentation is an overview of the Company for information purposes only and should not be relied on for the purposes of making an investment decision. This presentation does not, and it is notintended to, provide any financial, legal, accounting, or tax advice, and must not be relied upon by you in that regard. The presentation should not be used, or relied upon by you, as a substitute for yourindependent research or consultation with your own financial, legal or tax advisors. There are significant risks associated with an investment in the Company.The information contained in this document has been provided by the Company or obtained from publicly available sources or third party reports and has not been independently verified. No representationor warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or any opinions contained herein and nothing in thispresentation is, or shall be relied upon as, a promise or representation by the Company. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensiveanalysis of the Company’s financial or trading position or prospects. The information and any opinions presented herein are provided as at the date of this document based on general information gatheredat the time of writing and are subject to change without notice. None of the Company nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) forany loss howsoever arising from any use of these materials or its contents or otherwise arising in connection with this document.This document and any related oral presentation does not constitute an offer or invitation to subscribe for, purchase or otherwise acquire any securities or other debt instruments of the Company andnothing contained herein or its presentation shall form the basis of any contract or commitment whatsoever, nor does it constitute a recommendation regarding the securities of the Company.All dollar amounts stated in this Memorandum are expressed in Canadian currency, except where otherwise indicated.In any disclosure related to Discovered Petroleum Initially-In-Place, the Company confirms that there is no certainty that it will be commercially viable to produce any portion of such resources.

FORWARD-LOOKING INFORMATION & FORWARD-LOOKING STATEMENTS CAUTIONARY STATEMENTThis presentation contains forward-looking information relating to capital expenditures, future drilling, drilling costs, production rates, cash flow, investment payouts, valuations, and other matters(“forward-looking statements”). These statements relate to future events or future performance. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate","budget", "plan", "estimate", "expect", "forecast", "may", "will", "project", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions. In particular, forward-lookinginformation in this presentation includes, but is not limited to, statements with respect to: completion timing and method of funding thereof; productive capacity of wells, anticipated or expectedproduction rates and anticipated dates of commencement of production; future payment of dividends, drilling and completion costs; results of our projects; the performance characteristics of properties;production levels; projections of market prices and costs; supply and demand for oil and natural gas and commodity prices; operating costs, general administrative costs, costs of services and other costs andexpenses. Forward-looking statements are based on the opinions, assumptions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties andother factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although management believes that the expectations reflected in theforward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. These statements are not guarantees of future performance and involve known andunknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information or forward-looking statements.The Company cannot guarantee future results, level of activity, performance or achievements and there is no representation that the actual results achieved will be the same, in whole or in part, as those setout in the forward-looking statements. The forward-looking statements contained in this presentation are expressly qualified by this cautionary statement. We undertake no obligation to update or revisepublicly any forward-looking statements except as required by applicable securities legislation. The forward-looking statements made herein relate only to events or information as of the date on which thestatements are made. The reader is cautioned not to place undue reliance on forward-looking statements.Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: general economic conditions in theCanada, the United States, Guatemala and globally; industry conditions including fluctuations in the price of oil and gas, governmental and environmental regulation of the oil and gas industry; geological,technical and drilling problems; unanticipated operating events; the ability to retain drilling rigs and other services; the availability of capital on acceptable terms; timing of capital expenditures, competitionfor suitable properties to acquire, failure to realize anticipated benefits of acquisitions and dispositions, weather conditions and other unanticipated operating events which can reduce production or causedelays, drilling success, resulting reserves production, ability to tie-in production, decline rates, commodity prices, exchange rates, interest rates, the need to obtain required approvals from regulatoryauthorities; volatility in market prices for commodities; liabilities inherent in oil and gas exploration operations; and changes in tax laws and incentive programs relating to the oil and gas industry and theother factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.Statements relating to “reserves” or “resources” are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves andresources described can be profitably produced in the future.Material assumptions applied to the forward-looking statements and forward-looking information include: energy markets and the price of oil, drilling costs remaining at expected levels; drilling results,reserves and production meeting expectations; condition of general economic and financial markets; cash flow, future operating costs and the Company’s ability to obtain financing on acceptable terms.

Consolidate…

Executing

On making a series of focused Acquisitions throughout 2015 & 2016

Monitoring

Complementary companies & operations with optimized business models

Adding

De-risked best in class oil & gas reserves at low costs

Focused

On optimizing proven techniques and low F & D costs

Positioned

To take advantage of current pricing realignment

Quattro is building a diversified business driven by innovation to consolidate a number ofprogressive Best in Class businesses into a regionally focused, integrated, Energy Company.

TSX.V:QXP 2

Ticker Symbol TSX.V : QXP

Average Daily Volume 45,900

Shares Outstanding(Common Class A - Basic outstanding)

43,736,754

Market Capitalization (30/06/2015) $ 10,496,820

Net Debt (30/06/2015) $ 4,236,044

Book Value $ 25,709,818

Production Target (budgeted)(20% Oil and 80% Natural Gas)

3,000 boe/d

Corporate Profile

Financial

•$25 Revenue / boe•$13.50 Income / boe•$2.50 Share Price (12 X Earnings)

Operational

•110 % Growth in Margins•125 % Growth in Reserves•200 % Growth in Production

2015 Targets

TSX.V:QXP 3

September 14, 2015 – QXP Signs agreement to increases term debt and working capital and confirms capital budget Additional, $4M in working capital derived through an increase in long term debt and reduction in repayment terms Confirms target capital budget of $12.8M in 2016 to complete an additional 6 high impact recompletions, re-activation

and the directional drilling of 4-6 wells

August 26, 2015 – QXP Releases second quarter financials reporting net earnings of $0.04 per share Reports net income from operations of $1,565,555, $12.55 per boe “Net Back” Cash flow from operations $703,668

August 4, 2015 – QXP Graduates to a Tier 1 Classification and Issues Class “C” Preferred Shares QXP graduates to Tier 1 Classification on the TSX Venture Exchange Issues Class “C” Preferred Shares at a deemed price of $100 per share to an Alberta based private oil and gas company for

the purchase of oil and gas production, facilities, and lands in Northeast British Columbia

June 30, 2015 – QXP Reaches initial goal of increasing reserves by 120% through acquisitions Additions result in an increase, internally estimated to be 8,025 mboe, reserves (2P)* 10% discounted net present value of $91.6 million* Book value of $8.25/boe, 38% Oil & Liquids, 62% Natural Gas

June 18, 2015 – QXP Agrees to purchase 1.288 million boe of Oil, Natural Gas, and Liquids in the vicinity of currently operatedOak Area, in the region of Fort St. John, British Columbia, closed June 30, 2015 Purchase price of $5.18 million paid through the issuance of 15,000 non-voting Convertible Class C Preferred Shares with

a deemed value of $100 per share convertible to 40 Class A shares and the assumption of decommissioning liabilities

Highlights as of September 21st, 2015

TSX.V:QXP 4

For further details and updates please visit our website: www.qxp-petro.com

* Internal estimates based on the aggregate of independent 3rd party evaluations completed in accordance with NI 51-101** Yearend Independent Evaluation completed by Deloitte Advisory Services in accordance with NI 51-101

Executive Summary

TSX.V:QXP 5

Clean balance sheet

Skilled management & technical team (1)

Asset portfolio that continues to create stable incomeand allows for the funding of high-impact, low-costopportunities in Western Canada

Strong free cash-flow continues to fund growth with acompelling valuation relative to its peers

Guatemala leverages management’s past experience andprovides a long-term option for explosive growth fundedfrom surplus cash-flow

Established infrastructure allows QXP to be a counter-cyclical low cost driller. When combined with continuingremediation and low operating costs, it ensuresmaximized rates of returns.

Guatemala

British Columbia &Southern Saskatchewan

Exploration

Consolidation of Low Risk Production and Development Drilling

East Central Alberta and North East B.C. Low-risk /Low-Decline Free Cash Flow Generation

Low cost, high reward exploration

Low risk, free cash flow generation

Long-term

Near-term

Quattro Exploration and Production Ltd. (“Quattro”, the “Company” or “QXP”) is a diversified junior oiland gas company focused on exploration and development of conventional oil (approx. 30%) and gas(approx. 70%) properties in Western Canada and Guatemala.

(1) See Appendix A & B

Corporate Structure

TSX.V:QXP 6

In 2015, QXP is focused on the growth of Canadian operations; Guatemalan operations leverage off of management’s  experience  and  is  an  explosive  opportunity  for  growth  in  2016

Canadian Operations

• Alberta, Saskatchewan and NE British Columbia• ~320,000 net acreage• Year to date production of ~1,371 boe/d• 2D and 3D seismic data• ~6,000 boe/d near term production opportunity• 30% oil in 2015 and 70% Natural Gas and Liquids

Quattro Guatemala

• 100% wholly owned subsidiary; established to consolidate cash-flow in the Parent Company

• Petén Basin, with ~380k of exploration acreage• Positioned for up to 1,000 boe/d of acquisition(s)• 2D seismic data in place (exploring with 3D/3C)• Potential for ~10,000 boe/d total production

Corporate Foundation

TSX.V:QXP 7

Extensive developed infrastructure with estimated replacement cost >$100 million

240 (net) drilling locations, 224 un-booked with additional potential, based on Discovered Petroleum Initially-In-Place of 300 million bbls

Operator in 3 core areas in western Canada (~85% average W.I. )

Note: Projections and share price are based on targets set for Yearend 2015 & 2016

Core Production (85% Operated - 10 yr ½ life)

Valuation Input Multiple

Production (boe/d)

2015 Average Production 1,735 EV/boe/d $34,452

2015 Exit Production 3,000 EV/boe/d $19,925

Corporate Netback ($/boe)

2015 - Annualized $8.75

2015 Exit Run-Rate $12.77

DACF ($mm)

2015 - Annualized $6.3 EV/DACF 9.5x

2015 Exit Run-Rate $15.3 EV/DACF 3.9x

Reserves yearend 2016 (mboe)

1P 15,330 EV / boe $3.90

2P 24,025 EV / boe $2.49

BT NPV10 - 2P ($mm)(1) $384.4 P / NAV 0.1x

Net Undeveloped Acres 227,661

Capitalization - assuming $1.00 per share

(All values in mm unless otherwise noted)Basic Shares Outstanding

Options (Avg. exercise $0.20)

Warrants (Avg. exercise $0.30)

Convertible Class C Shares

Fully Diluted Shares Outstanding

Insider ownership (basic) - 13.5mm shares)

Market Cap. ($1.00 share price)

Working Capital Surplus

Bank Debt

Convertible Debentures

Total Debt

Net Debt

Dilutive Proceeds (ITM)Enterprise Value

43.7

3.5

14.7

62.8

30.8%

0.8

$5.4$59.8

$62.8

$7.6

$10.0

$2.0

$12.0

$2.4

Growth…

TSX.V:QXP 8

Incr

ease

d Ri

sk/R

ewar

d Pr

ofile

SWSaskatchewan

East Central Alberta

Core Regions Area Play Acreage (ne t)

Capacity (workove rs & re - e ntrie s)

boe /d

Average boe /d

Target boe /d

Reserves mmboe

Minor PropertiesCurrent-Pouce Coupe -

BonanzaDoig-Montney 8,650 275 165 110 786,700

Totals 320,388 3,000 1,550 3,000 8,025,000

East Central Alberta

NE British Columbia

SW Saskatchewan 123,975Madison-Shaunavon-

Bakken-Birdbear

155,469Leduc-Belly River- Mannville-

Viking

32,294Cecil-Halfway-Montney-

Keg River-Muskwa

Bashaw-Donalda-Nevis-Bittern Lake-Wetaskiwin

Milo-Clark Lake-Oak- Rigel-Paradise

3,063,000

3,635,000

540,300Rangeview-Divide-Abbey 380

1050

1540

300

805 720

665

0

1540

NE British Columbia

Operated, established cash flow, with long life reserves

2P NPV discounted 10% - $21.1 million

Working interests ranging between 52 and 70 % in ~6,000 acres of Keg River, Slave Point and Muskwa gas rights

Keg River and Slave point pinnacle reef structures with a potential of over 20 bcf/structure

Very low decline high pressure dry gas production

Compression and disposal capacity to handle 30 mmcf/d

Infrastructure makes incremental growth highly profitable

Quattro operated facility and gathering system with an installed capacity of 100 mmcf/d (65% W.I.) built in 2006

TSX.V:QXP 9

2015 - 2017

20 locations ready for remediation or

drilling

NE British Columbia - Production

TSX.V:QXP 10

Quattro – Oak / Milo Oil & Natural Gas

East Central Alberta

Operated conventional light oil and natural gas

2P NPV discounted 10% - $52.5 million

Cash flow generator with minimal capital spend

Established stable base production (<5.0% decline)

Low decline carbonate reefs and coal bed methane

Working interests ranging between 75 and 96 % in ~12,000 acres of Leduc and Nisku rights

Cumulative oil production approx. 200 mbbl per well

Oil & Natural Gas Facilities including over 300 kms of pipelines & gathering systems

TSX.V:QXP 11

2015 - 2017

32 locations ready for remediation or

drilling

East Central Alberta - Production

East Central Alberta

TSX.V:QXP 12

SW Saskatchewan

Operated, 100% interests in 3,175 acres of Upper Shaunavon, Madison and Belly River rights

2P NPV discounted 10% - $9.3 million

Potential to produce over 300 bbld of 17º API oil and over 500 mcf Belly River gas

100% interest in 110,000 exploration permit

Near – term exploration with significant upside potential

Automated low cost operations of oil and gas

TSX.V:QXP 13

SW Saskatchewan - Production

Potential to produce over 300 bbl/d of 17º API oil and over 500 mcf Belly River gas

Cumulative oil production approximately 100 mbbls per well

Analogue wells have produced 500 mbbls from vertical producers

Low risk Upper Shaunavon and Madison shut in production

100% owned and operated infrastructure, 2 mmcf natural gas compression,60,000 boe/d of processing & water injection

Established 2P Reserves over 500 mbbls

Undiscovered identified resource estimated at 25 mmboe

Husky drilled 8 wells on adjacent analogue in 2014

TSX.V:QXP 14

2015 - 2017

18 locations ready for remediation or

drilling

SouthernSaskatchewan

East Central Alberta

Consolidate and Grow to 6,000 boe/d

Targeting Regions with Low Cost Oil & Natural Gas Developments

• Complimentary unfunded de-risked develop drilling programs

• 240 locations, 16 booked and currently 224 un-booked

• Quattro operated facilities, provide immediate economies of scale

• Elimination of G&A burden and minimal closing costs

TSX.V:QXP 15

Capital Program

TSX.V:QXP 16

2015-2017 # Wells Capital Program

Production Boe/d

Reserves Per Well

2P Reserves (BOE)

Consolidation Funding to June 2015 90 3,250,000$ 1,790 89,167 8,025,000

Quattro Remediation & Recompletions- 2015 34 3,550,000$ 1,210 35,294 1,200,000

Quattro Light Oil Drilling @ $700,000 / well 6 4,200,000$ 720 120,000 720,000

Remediation, Tie-ins & Facilities - 2016 20 1,800,000$ 1,520 30,000 600,000

Natural Gas Program, @ $2,000,000 / well 10 20,000,000$ 5,000 1,350,000 13,500,000

Total Budget 160 32,800,000$ 10,240 150,281 24,045,000

Guatemala 2016 &  2017    …the next Material Move

TSX.V:QXP 17

Opportunity in Petén Basin Opportunity & Growth Plan

Established 100% foreign owned subsidiary to conductbusiness in Guatemala, registered to do business in allfacets of the energy sector

Signed an agreement to acquire “Exploration andExploitation of Contract 4-98” for a land block in NorthPetén Basin totaling ~380k acres

Includes over 600 line km of proprietary 2D seismicdata

Negotiating to purchase a producing property of 254boe/d of heavy oil

Proven reserves of 5 mmbbls and 3P reserves of 80mmbbls

Conducting technical due diligence on otheropportunities in the South Petén Basin through theapplication of 3D and 3C seismic evaluation techniquesand directional drilling

Lower risk exploration and drilling plan to potentiallyexpand production to 10,000 boe/d with $30 million incapital expenditures over the next three years

Corporate Information

Advisors

Auditors MNP LLP

Legal Counsel Tingle Merrett LLP

Evaluation Engineers Deloitte Canada

Registrar & Transfer Agent Canadian Stock Transfer (CST)

Investor Contact info@qxp-petro.com

TSX.V:QXP 18

Appendices

4110, 825 8th Avenue SWCalgary, AB T2P 2T3

O: 403-984-3917F: 403-984-3972

info@qxp-petro.com

www.qxp-petro.com

TSX.V:QXP

Quattro

EXPLORATION AND PRODUCTION LTD.

Appendix A - Management

TSX.V:QXP App. A

Principal Title Biography

Leonard Van Betuw• Director & Chairman• Reserves Committee

Chairman,President & CEO

Over 25 years of experience in the resource industry principally working within the Geophysical industry as a president and CEO Developed a number of 3D imaging strategies since its early introduction to the oil and gas industry in the 1980s Graduate of the University of Saskatchewan receiving BSc. (Hon.) Geophysics

Stacey LePla-Martin CFO Held the position of Joint Venture Accountant with various junior oil and gas companies, and as a consultant to a number of smalland mid-sized companies

Previously served as Corporate Secretary for Railwest Canada and Railwest U.S. Inc. Received her Production Accounting Designation (CAPPA) in 2000

Diana P. Cubillos FinancialAnalyst

14 years of experience in accounting, finance, and international tax advise Formerly worked as Tax Advisor at Commercial Bank C.A.; held the position of Senior Accountant at Deloitte Holds a Bachelor’s degree in Accounting from Santa Maria University (Caracas-Venezuela)

Daniel Lucero Erazo Exploration Manager

Recent experience has been focused on the adaptation of high resolution seismic for coal and hydrocarbon resources evaluation Previously employed at Kinetex Geosciences, CoalCorp Mining, Ferrominera, CarboRio and Andicoal Graduate of the National University of Colombia (Bogota-Colombia) with a BSc in Geology

Brent McGillivray P.Eng. Operations Manager

25 years of experience with oil and gas companies in Western Canada Former member of a successful private junior oil and gas management team that sold Westpoint Energy (formerly Slade Energy)

in 2000, and Pointwest Energy in 2003 Professional engineer and a member of the Association of Professional Engineers, Geologist and Geophysicists of Alberta since

1993

H. Craig Willis Consulting Advisor

Recognized leader in Deep Well Design and Mud Engineering Specialist for over 40 years Has been the mud engineer and consultant on over 400 deep wells, typically drilling to target depths of 3,500 to over 5,000

meters; recently in Syria, the Ukraine, Brunei, Tunisia and Mexico

Les Tochor Consulting Advisor

Over 20 years of comprehensive financial management experience in both the private and not-for-profit sectors includingenterprise risk management, treasury and cash management, internal audit, supply chain management and financial reportingand planning

Has held financial management roles at the University of Calgary, Alberta Health Services, The Calgary Health Region andTransAlta Utilities

Appendix B - Board of Directors

TSX.V:QXP App. B

Board Member Biography

Scott Reeves LLB• Corporate Secretary • Reserves Committee• Compensation Committee

Partner at the law firm of Tingle Merrett LLP; He has been with Tingle Merrett LLP since 2003 prior to which he was with the Calgary office of amajor national law firm

Has acted as corporate and securities counsel to numerous Canadian and International public and private corporations, including oil and gas,technology, mining and industrial issuers, and has wide experience in private and public debt and equity offerings, corporate acquisitions ofassets and/or shares, corporate structuring and debt financing

He is currently a director and/or officer of the several Canadian public and private companies. Holds a Bachelor of Commerce degree (Hons.-1990) from the University of Alberta and a Bachelor of Laws (Hons.-1995) degree Is a current executive member of the Advisory Board of the TSX Venture Exchange and the Canadian Bar Association's Southern Alberta

Business Subsection executive

Leonard A. Zaseybida P. Eng. • Reserves Committee

Began his professional career with Hudson’s Bay Oil & Gas in 1955 and subsequently practised as a consultant in Western Canada Formerly managed private energy companies that experienced success in developing oil and gas reserves including international operations;

Currently operates his own oil and gas interests Holds a degree in Geological Engineering from The Colorado School of Mines awarded in 1955 Licensed to practice as a Professional Engineer in Alberta and is a member of the American Association of Petroleum Geologists

Jeff Decter• Audit Committee• Compensation Committee

President of Integrity Financial Corp. focused on financing since 1998; Over 30 years of experience including sales, management and financing Prior to 1998, Mr. Decter was consistently one of the top 3 in sales at a national communications company with offices in Montreal, Toronto,

Calgary and Vancouver His experience and network of individuals and organizations, provides Quattro a broader foundation for independent advice prior to making any

measured and aggressive execution of its business plan

Daniel Harding• Audit Committee• Compensation Committee

Carries on a real estate practice in the City of Edmonton and surrounding area Served as a director and was the Chief Financial Officer of Life Sciences Institute (Predecessor to Quattro) February 2003 to November 2011

Corporate Share StructureAs of September 23, 2015

TSX.V:QXP App. C

Float(Public)

Leonard B. Van Betuw(CEO, President & Director)

Officers & Employees(Operations & Advisors)

Jeff Decter(Director)

Scott Michael Reeves(Director)

Daniel S. Harding(Director)

Leonard A. Zaseybida(Director)

Total Basic Shares Outstanding 43,736,754 100.00%

954,000 2.18%

714,665 1.63%

373,334 0.85%

334,000 0.76%

32,313,422 73.88%

6,882,333 15.74%

2,165,000 4.95%

Notes This page intentionally left blank

TSX.V:QXP