Quattro qxp - june 2016

TSX.V:QXP

June2016

Driven by Innovation…

Progressive by Design

Disclaimer

TSX.V:QXP 1

IMPORTANTNOTICEThispresenta4on,itscontentsandanyrelatedoralpresenta4onsareconfiden4alandthepropertyofQua>roExplora4onandProduc4onLtd.(“Qua>ro”orthe“Company”)andhavebeenpreparedbytheCompanysolelyfortheuseatthemee4ngwherethisdocumentispresentedandmaynotbetakenaway,reproduced,retransmi>edorfurtherdistributedtoanyotherpersonorpublished,inwholeorinpart,byanymediumorinanyformforanypurpose.Bya>endingthispresenta4on,youareagreementtobeboundbytheserestric4ons.Anyfailuretocomplywiththeserestric4onsmaycons4tuteaviola4onofapplicablesecuri4eslaws.Thispresenta4onisanoverviewoftheCompanyfor informa4onpurposesonlyandshouldnotbereliedonforthepurposesofmakinganinvestmentdecision.Thispresenta4ondoesnot,andit isnotintendedto,provideanyfinancial,legal,accoun4ng,ortaxadvice,andmustnotberelieduponbyyouinthatregard.Thepresenta4onshouldnotbeused,orrelieduponbyyou,asasubs4tuteforyourindependentresearchorconsulta4onwithyourownfinancial,legalortaxadvisors.TherearesignificantrisksassociatedwithaninvestmentintheCompany.Theinforma4oncontainedinthisdocumenthasbeenprovidedbytheCompanyorobtainedfrompubliclyavailablesourcesorthirdpartyreportsandhasnotbeenindependentlyverified.Norepresenta4onorwarrantyexpressorimpliedismadeasto,andnorelianceshouldbeplacedon,thefairness,accuracy,completenessorcorrectnessoftheinforma4onoranyopinionscontainedhereinandnothinginthispresenta4onis,orshallberelieduponas,apromiseorrepresenta4onbytheCompany.Itisnottheinten4ontoprovide,andyoumaynotrelyonthesematerialsasproviding,acompleteorcomprehensiveanalysisoftheCompany’sfinancialortradingposi4onorprospects.Theinforma4onandanyopinionspresentedhereinareprovidedasatthedateofthisdocumentbasedongeneralinforma4ongatheredatthe4meofwri4ngandaresubjecttochangewithoutno4ce.NoneoftheCompanynoranyofitsaffiliates,advisorsorrepresenta4vesshallhaveanyliabilitywhatsoever(innegligenceorotherwise)foranylosshowsoeverarisingfromanyuseofthesematerialsoritscontentsorotherwisearisinginconnec4onwiththisdocument.Thisdocumentandanyrelatedoralpresenta4ondoesnotcons4tuteanofferor invita4ontosubscribefor,purchaseorotherwiseacquireanysecuri4esorotherdebt instrumentsoftheCompanyandnothingcontainedhereinoritspresenta4onshallformthebasisofanycontractorcommitmentwhatsoever,nordoesitcons4tutearecommenda4onregardingthesecuri4esoftheCompany.AlldollaramountsstatedinthisMemorandumareexpressedinCanadiancurrency,exceptwhereotherwiseindicated.InanydisclosurerelatedtoDiscoveredPetroleumIni4ally-In-Place,theCompanyconfirmsthatthereisnocertaintythatitwillbecommerciallyviabletoproduceanypor4onofsuchresources.FORWARD-LOOKINGINFORMATION&FORWARD-LOOKINGSTATEMENTSCAUTIONARYSTATEMENTThis presenta4on contains forward-looking informa4on rela4ng to capital expenditures, future drilling, drilling costs, produc4on rates, cash flow, investment payouts, valua4ons, and other ma>ers(“forward-lookingstatements”).Thesestatementsrelatetofutureeventsorfutureperformance.Forward-lookingstatementsareo[en,butnotalways,iden4fiedbytheuseofwordssuchas"an4cipate","budget", "plan", "es4mate", "expect", "forecast", "may", "will", "project", "poten4al", "target", "intend", "could", "might", "should", "believe" and similar expressions. In par4cular, forward-lookinginforma4on in this presenta4on includes, but is not limited to, statements with respect to: comple4on 4ming andmethod of funding thereof; produc4ve capacity of wells, an4cipated or expectedproduc4onratesandan4cipateddatesofcommencementofproduc4on;futurepaymentofdividends,drillingandcomple4oncosts;resultsofourprojects;theperformancecharacteris4csofproper4es;produc4onlevels;projec4onsofmarketpricesandcosts;supplyanddemandforoilandnaturalgasandcommodityprices;opera4ngcosts,generaladministra4vecosts,costsofservicesandothercostsandexpenses.Forward-lookingstatementsarebasedontheopinions,assump4onsandes4matesofmanagementatthedatethestatementsaremade,andaresubjecttoavarietyofrisksanduncertain4esandotherfactorsthatcouldcauseactualeventsorresultstodiffermateriallyfromthosean4cipatedintheforward-lookingstatements.Althoughmanagementbelievesthattheexpecta4onsreflectedintheforward-lookingstatementsarereasonable,therecanbenoassurancethatsuchexpecta4onswillprovetobecorrect.Thesestatementsarenotguaranteesoffutureperformanceandinvolveknownandunknownrisks,uncertain4esandotherfactorsthatmaycauseactualresultsoreventstodiffermateriallyfromthosean4cipatedintheforward-lookinginforma4onorforward-lookingstatements.TheCompanycannotguaranteefutureresults,levelofac4vity,performanceorachievementsandthereisnorepresenta4onthattheactualresultsachievedwillbethesame,inwholeorinpart,asthosesetoutintheforward-lookingstatements.Theforward-lookingstatementscontainedinthispresenta4onareexpresslyqualifiedbythiscau4onarystatement.Weundertakenoobliga4ontoupdateorrevisepubliclyanyforward-lookingstatementsexceptasrequiredbyapplicablesecuri4eslegisla4on.Theforward-lookingstatementsmadehereinrelateonlytoeventsorinforma4onasofthedateonwhichthestatementsaremade.Thereaderiscau4onednottoplaceunduerelianceonforward-lookingstatements.Someoftherisksandotherfactorsthatcouldcauseresultstodiffermateriallyfromthoseexpressedintheforward-lookingstatementsinclude,butarenotlimitedto:generaleconomiccondi4onsintheCanada,theUnitedStates,Guatemalaandglobally;industrycondi4onsincludingfluctua4onsinthepriceofoilandgas,governmentalandenvironmentalregula4onoftheoilandgasindustry;geological,technicalanddrillingproblems;unan4cipatedopera4ngevents;theabilitytoretaindrillingrigsandotherservices;theavailabilityofcapitalonacceptableterms;4mingofcapitalexpenditures,compe44onforsuitableproper4estoacquire,failuretorealizean4cipatedbenefitsofacquisi4onsanddisposi4ons,weathercondi4onsandotherunan4cipatedopera4ngeventswhichcanreduceproduc4onorcausedelays,drillingsuccess, resul4ng reservesproduc4on,ability to4e-inproduc4on,decline rates, commodityprices,exchangerates, interest rates, theneed toobtain requiredapprovals fromregulatoryauthori4es;vola4lityinmarketpricesforcommodi4es;liabili4esinherentinoilandgasexplora4onopera4ons;andchangesintaxlawsandincen4veprogramsrela4ngtotheoilandgasindustryandtheotherfactors.Readersarecau4onedthatthislistofriskfactorsshouldnotbeconstruedasexhaus4ve.Statementsrela4ngto“reserves”or“resources”aredeemedtobeforward-lookingstatementsastheyinvolvetheimpliedassessment,basedoncertaines4matesandassump4ons,thatthereservesandresourcesdescribedcanbeprofitablyproducedinthefuture.Materialassump4onsappliedtotheforward-lookingstatementsandforward-looking informa4oninclude:energymarketsandthepriceofoil,drillingcostsremainingatexpectedlevels;drillingresults,reservesandproduc4onmee4ngexpecta4ons;condi4onofgeneraleconomicandfinancialmarkets;cashflow,futureopera4ngcostsandtheCompany’sabilitytoobtainfinancingonacceptableterms.

•  Investedinsidersandagrowingbroadbaseofloyalshareholders

•  Profitdriven,lowcost,convenWonaloilandnaturalgasproducer

•  87%ofproducWonisownedandoperatedbytheCorporaWon

•  Extensivelandbasewithaninventoryofover300drillinglocaWons

•  6oilandnaturalgasgatheringandprocessingfaciliWesin3coreregions

•  Qua^ro’slandisheldbyproducWonwithnocapitalcommitments

TheFoundaWon

TSX.V:QXP 2

q  June1,2016§  QXPannouncesYearOverYearIncreaseinReservesof166%§  QXP’stotalprovenreservesincreasedby150%(TP)comparedtoyear-end2014to6.602millionboe,whileProvenPlusProbable

Reserves(2P)were10.977millionboeequa4ngtoayearoveryearincreaseof166%§  QXPfilesdelayedYearEndFinancials,andcompletesacomprehensiveevalua4onofQua>ro(SRD)Innova4onsAcquisi4on

q  March1,2016§  QXPsignedagreementtopurchase100%interestintheElCedroLicense,Block6-2012inGuatemala,consis4ngofapproximately

34,723hectares§  Thepurchasepricefortheacquisi4onisCDN$5,470,000,tobepaidthroughtheissuanceof50,000non-vo4ng,ClassC,series3

PreferredSharesatadeemedpriceof$100pershare(“PreferredShares”)andtheassump4onof$470,000inliabili4esrelatedtocurrentworkinprogress.ClosingisscheduledtooccuronorbeforeMay1st,2016.

q  February2,2016§  QXP closes previous announced acquisi4on of a 100% interest in certain oil and gas produc4on, facili4es, and lands inWest

CentralSaskatchewanincreasinges4matedrecoverableresourcesinSaskatchewanto18MillionBarrels§  QXPenteredintodiscussionswithaTierOnelenderregardingaproposalforthefundingofa$20milliontermfacilityatarateas

lowas5.45%amor4zedoveraperiodof10years

q  January20,2016§  QXPagreestopurchasea100%interestinoilandnaturalgasproper4esinSaskatchewanforanpurchasepriceof$4,150,000§  Theaggregatepurchasepriceof$4,150,000istobepaidthroughtheissuanceof35,000non-vo4ng,ClassC,series3preferred

sharesatadeemedpriceof$100pershare(“PreferredShares”)and$650,000inrestrictedcash,heldondeposit

q  December31,2015§  QXPclosespreviouslyannouncedpurchaseofallthesharesofSRDInnova4onsInc.§  QUATTROan4cipatesannualsavingsduetotheelimina4onofalterna4veservicesthroughtheapplica4onandimplementa4onof

SRD's"technology"star4ngin2016willresultinasavingsofapproximately$500,000peryearinthenextfive(5)yeasbasedontheCompany'sexplora4onandproduc4onplansfrom2016-2020.

HighlightsasofJune2016

TSX.V:QXP 3

Forfurtherdetailsandupdatespleasevisitourwebsite:www.qxp-petro.com

*Internales4matesbasedontheaggregateofindependent3rdpartyevalua4onscompletedinaccordancewithNI51-101**YearendIndependentEvalua4oncompletedbyDeloi>eAdvisoryServicesinaccordancewithNI51-101

TickerSymbol

TSX.V:QXP

Average3MonthVolume

46,109

SharesOutstanding(ClassACommonShares-BasicOutstanding)

44,338,754

BookValue

$24,784,994

CorporateProfile

Financial

•  $32.06Revenue/boe(TTM)•  $15.56Income/boe(TTM)**

OperaWonal

•  105%GrowthinProduc4on•  165%GrowthinReserves

Highlights

TSX.V:QXP 4

**NetofYearendOne-4meAdjustments

CorporateShareStructure

TSX.V:QXP 5

Float(Public)

LeonardB.VanBetuw(CEO,President&Director)

Officers&Employees(Operations&Advisors)

JeffDecter(Director)

ScottMichaelReeves(Director)

DanielS.Harding(Director)

LeonardA.Zaseybida(Director)

TotalBasicSharesOutstanding 44,338,754 100.00%

32,516,422 73.34%

6,889,333 15.54%

2,457,000 5.54%

1,054,000 2.38%

714,665 1.61%

373,334 0.84%

334,000 0.75%

3YearSharePriceComparison-2014to2016

TSX.V:QXP 6

Qua^ro’sfocusisontheCreaWonofValueforthe

ShareholderandisPoisedforExplosiveGrowth

QXP

NEBriWshColumbia

TSX.V:QXP 7

PlayCecil-Halfway-MontneyKegRiver-SlavePointMuskwa-OtterPark

Acreage(net) 54,256

Production(boe/d) 930

YETarget(boe/d) 3,000

CapitalCostMM$ 5.2

2PReserves(Mboe)* 4,222

NEBC

Ø Operated,establishedcashflowwithlonglifereservesØ  Lowdecline,highpressure,drygasproduc4onØ  120MMcf/dgatheringandprocessingsystemØ  2,000bbl/dlightoilprocessingcapacity

*3rdpartyevalua4onscompletedinaccordancewithNI51-101

NEBriWshColumbia

TSX.V:QXP 8

WESTERNCANADA–SHALEGASBASINSØ  QXPOperatedInfrastructure•  Pipelines,processing&compression•  120mmcf/d$160Mreplacementcost

Ø  QXPLongTermOpportunity

•  607km2regionalfootprint•  Es4matedPrimaryRecovery:8.75Tcf

Ø  64LocaWons–NaturalGas

•  Muskwa/O>erParkplay•  IP360of6MMcf/d(1,000Boe/d)

Ø  10LocaWons–LightOil

•  HalfwayandBaldonnelplay•  IP360of100bbl/d

Ø  20LocaWons–LightOilLiquidRich•  LowerMontneyTurbiditeplay•  IP360of3.6MMcf/d(600Boe/d)

Muskwa/O^erParkHzWellTypeCurve

IP9.4MMcf/d IP180

7.74MMcf/d

IP3606.23MMcf/d

TSX.V:QXP 9

Natural Gas Price** (per mcf.) $2.10 $3.50 $4.50

Operating Cost** (per mcf.) $0.90 $0.92 $0.95

Net Income** (per mcf.) $1.20 $2.58 $3.55

Well Cost** $3,250,000 $3,331,250 $3,414,531

Number Days to Payout - IP 360 of 6.2 mmcf/day 437 208 155

Engineered Minimal Recovery (mcf) 2,500,000 2,500,000 2,500,000

Potential Recovery (mcf) 8,000,000 8,000,000 8,000,000

Engineered Evalution** NPV10% discounted $1,250,000 $2,749,333 $3,791,400

Potential Return** NPV10% discounted $4,000,000 $8,797,867 $12,132,480 ** All Prices in CDN $

EastCentralAlberta

EastCentralAlberta

TSX.V:QXP 10

PlayLeduc,BellyRiver,

MannvilleandViking

Acreage(net) 153,621



CapitalCost(MM$) 3.2


Ø  Cumula4veoilproduc4onapprox.220mbblperwellwithmin.capitalspendØ  3millionboe2PReservesØ  24MMcf/dgatheringandprocessingsystemØ  3,000bbl/dlightoilprocessingcapacity


EastCentralAlberta

TSX.V:QXP 11

Ø  QXPInfrastructure•  Operated,conven4onallightoiland

naturalgas•  Operates>350kmofpipelineand

gatheringfacili4es

Ø  QXPOpportunity•  Drilling

•  12Leduclightoilloca4ons•  Remedia4on

•  Lowcostpayout<180days•  VikingandEllersliesweetgas

Bashaw–LeducNetPay(CI=1m)

LeducReefVerWcalWellTypeCurve

10ver4calwellsaverage

produc4on

TSX.V:QXP 12

Oil Price** (per bbl.) - 28 API $39.00 $60.00 $75.00

Operating Cost** (per bbl.) $8.40 $8.61 $8.83

Net Income** (per bbl.) $30.60 $51.39 $66.17

Well Cost** $1,250,000 $1,281,250 $1,313,281

Number Days to Payout - IP 360 of 120 bbl/day 340 208 165

Engineered Initial Minimal Recovery (boe) 90,000 90,000 90,000

Potential Recovery (boe) 220,000 220,000 220,000

Engineered Evalution** NPV10% discounted $1,279,000 $2,149,647 $2,768,094

Potential Return** NPV10% discounted $3,126,444 $5,254,693 $6,766,452 ** All Prices in CDN $

SWSaskatchewan

TSX.V:QXP 13

PlayMadison,Shaunavon,Bakken,Birdbearand

Mannville

Acreage(net) 129,703



CapitalCostMM$ 3.2


SouthernSaskatchewan

Ø  100%interestin110,000acresexplora4onpermitØ  Established2PReservesover2,4mmbblsØ  6,000bbl/dmedium/heavyoilprocessingcapacityØ  6MMcf/dgatheringandprocessingsystem


SWSaskatchewan

TSX.V:QXP 14

Ø  QXPInfrastructure•  100%ownedandoperatedheavyoiland

naturalgasfacili4es,including25kmofpipelineand“TuckIn”opportuni4es.

Ø  QXPOpportunity•  36loca4onsofremedia4on&drilling•  TotalPetroleumIni4ally-In-Place(PIIP)

es4matedat109mmboe

Superb–WasecaChannelNetPay(CI=1m)

100%WorkingInterestin12,375acresofMannvilleRights

WasecaChannelVerWcalWellTypeCurve

12ver4calwellsaverage

produc4on

TSX.V:QXP 15

Oil Price** (per bbl.) - 10.5 API $30.00 $40.00 $50.00Operating Cost** (per bbl.) $10.50 $10.76 $11.03Net Income** (per bbl.) $19.50 $29.24 $38.97Well Cost** $385,000 $394,625 $404,491Number Days to Payout - IP 360 of 65 bbl/day 304 208 160Engineered Minimal Recovery (boe) 68,000 68,000 68,000Potential Recovery (boe) 258,000 258,000 258,000Engineered Evalution** NPV10% discounted $1,084,600 $1,919,179 $2,557,928Potential Return** NPV10% discounted $4,115,100 $7,281,593 $9,705,081 ** All Prices in CDN $

OurGrowingFoundaWon

0

2000

4000

6000

8000

10000

12000

2011 2012 2013 2014 2015

Mbo

e

Year

Reserves–YearendIndependentEvaluaWons*

ProvedDevelopedProducing

TotalProved

TotalProvedPlusProbable


TSX.V:QXP 16

FundsOrganicGrowthProducWon(boe/d)

FundsInternaWonalGrowthProducWon(boe/d)

NEBri4shColumbia 1,200 3,000

EastCentralAlberta 1,000 1,800

SWSaskatchewan 800 1,200

Total 3,000 6,000

TSX.V:QXP 17

ProducWonTargets

TargeWngRegionswithLowCostOil&NaturalGasDevelopments

•  Consolida4oninthreecoreareas

•  300loca4ons,50bookedand250un-booked

•  Operatedfacili4es,providingimmediateeconomiesofscale

•  337,580netacres

SolidBalanceSheethavingDebttoEquityof1:1

Cash–FlowsourExplosivePotenWal

December31,2016–AnnualizedRevenue** $52,178,210

December31,2016–AnnualizedNOI $33,195,102

GeneralAdministra4on@$1.25/boe $2,739,356

BeforeTax,Cash-Flow $30,455,746

**OilpricedatU.S.$32.50W.T.I.andNaturalGaspricedatCDN.$2.30AECO

ThePotenWal,theCapacity

18TSX.V:QXP

andtheInventory

TSX.V:QXP 19

Q u a t t r o # Wells Cost ($M) Capacity Boe/d

Potential (BOE) Per Well

Recoverable Resources (MMBOE)

Operations & Consolidation - 2016 110 4,800 91,136 10.025

Remediation, Tie-ins & Facilities - 2016 40 1,200 30,000 1.200

Heavy Oil 120 4,800 80,000 9.600

Light Oil 50 10,000 500,000 25.000

Natural Gas 80 20,000 1,350,000 108.000

Total 400 40,800 384,563 153.825

$16,800

$48,000

$52,500

$256,000

$376,300

$3,000

TSX.V:QXP 20

…toGrowovertheLongTerm

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000

-

50

100

150

200

250

300

350

400

450

500

550

600

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

DailyProdu

cWon

(BOE)

MILLIONS

Quattro ExploraWonandProducWon2015-2025

NetRevenues Margin AoerTaxEarnings(netofDividends) BOEPD

Guatemala2017…thenextMaterialMove

TSX.V:QXP 21

OpportunityinPeténBasin Opportunity&GrowthPlan

q  Established 100% foreign owned subsidiary to conductbusiness in Guatemala, registered to do business in allfacetsoftheenergysector

q  AnnouncesagreementtoacquireintheSouthPeténBasin

“Explora4onandExploita4onBlock6-2012”

q  Nego4a4ngtopurchaseaproducingpropertyof254boe/doflightoilinwithsignificantundevelopedpoten4al

q  Conduc4ng technical duediligenceonother opportuni4esintheSouthPeténBasinthroughtheapplica4onof3Dand3Cseismicevalua4ontechniquesanddirec4onaldrilling

q  Lower risk explora4on and drilling plan to poten4allyexpand produc4on to 10,000 boe/d with $40 million incapitalexpendituresinthreeyears

Block 6-2012andExisWngOilFields

TSX.V:QXP 22

CobanA

CobanB

CobanC

CobanA

CobanB

CobanC

OilShowsPorosity20%

LaFelicidad–11981

NESW

SeismicSecWonI-82-5

TSX.V:QXP 23

Time(m

s)

2km

Oil Price** (per bbl.) - 32 API $45.00 $60.00 $75.00Operating Cost** (per bbl.) $12.00 $12.30 $12.61Net Income** (per bbl.) $33.00 $47.70 $62.39Well Cost** $4,000,000 $4,100,000 $4,202,500Number Days to Payout - IP 360 of 800 bbl/day 152 107 84Engineered Minimal Recovery (boe) 1,200,000 1,200,000 1,200,000Potential Recovery (boe) 6,000,000 6,000,000 6,000,000Quattro Evalution** NPV10% discounted $8,526,667 $8,526,667 $8,526,667Potential Return** NPV10% discounted $42,633,333 $42,633,333 $42,633,333 ** All Prices in CDN $

ForMoreInformaWon

4110,8258thAvenueSWCalgary,ABT2P2T3

www.qxp-petro.com

TSX.V:QXP

LeonardVanBetuwPresident&CEO

403-984-3917Ext.102

[email protected]

TiandaDranchukBusinessDevelopment

[email protected]

AppendixA-Management

TSX.V:QXP App.A

Principal Title Biography

LeonardVanBetuw•  Director&Chairman•  ReservesCommi>ee

Chairman,President&CEO

q  Over25yearsofexperienceintheresourceindustryprincipallyworkingwithintheGeophysicalindustryasapresidentandCEOq  Developedanumberof3Dimagingstrategiessinceitsearlyintroduc4ontotheoilandgasindustryinthe1980sq  GraduateoftheUniversityofSaskatchewanreceivingBSc.(Hon.)Geophysics

StaceyLePla-Mar4n CFO

q  Heldtheposi4onofJointVentureAccountantwithvariousjunioroilandgascompanies,andasaconsultanttoanumberofsmallandmid-sizedcompanies

q  PreviouslyservedasCorporateSecretaryforRailwestCanadaandRailwestU.S.Inc.q  ReceivedherProduc4onAccoun4ngDesigna4on(CAPPA)in2000

DianaP.Cubillos FinancialAnalyst

q  14yearsofexperienceinaccoun4ng,finance,andinterna4onaltaxadviseq  FormerlyworkedasTaxAdvisoratCommercialBankC.A.;heldtheposi4onofSeniorAccountantatDeloi>eq  HoldsaBachelor’sdegreeinAccoun4ngfromSantaMariaUniversity(Caracas-Venezuela)

DanielLuceroErazo Explora4onManager

q  Recentexperiencehasbeenfocusedontheadapta4onofhighresolu4onseismicforcoalandhydrocarbonresourcesevalua4onq  PreviouslyemployedatKinetexGeosciences,CoalCorpMining,Ferrominera,CarboRioandAndicoalq  GraduateoftheNa4onalUniversityofColombia(Bogota-Colombia)withaBScinGeology

BrentMcGillivrayP.Eng. Opera4onsManager

q  25yearsofexperiencewithoilandgascompaniesinWesternCanadaq  FormermemberofasuccessfulprivatejunioroilandgasmanagementteamthatsoldWestpointEnergy(formerlySladeEnergy)in

2000,andPointwestEnergyin2003q  ProfessionalengineerandmemberoftheAssocia4onofProfessionalEngineers,GeologistandGeophysicistsofAlbertasince1993

H.CraigWillis Consul4ngAdvisor

q  RecognizedleaderinDeepWellDesignandMudEngineeringSpecialistforover40yearsq  Has been themud engineer and consultant on over 400 deepwells, typically drilling to target depths of 3,500 to over 5,000

meters;recentlyinSyria,theUkraine,Brunei,TunisiaandMexico

LesTochor Consul4ngAdvisor

q  Over 20 years of comprehensive financial management experience in both the private and not-for-profit sectors includingenterpriseriskmanagement,treasuryandcashmanagement,internalaudit,supplychainmanagementandfinancialrepor4ngandplanning

q  HasheldfinancialmanagementrolesattheUniversityofCalgary,AlbertaHealthServices,TheCalgaryHealthRegionandTransAltaU4li4es

AppendixB-BoardofDirectors

TSX.V:QXP App.B

BoardMember Biography

Sco>ReevesLLB•  CorporateSecretary•  ReservesCommi>ee•  Compensa4onCommi>ee

q  PartneratthelawfirmofTingleMerre>LLP;HehasbeenwithTingleMerre>LLPsince2003priortowhichhewaswiththeCalgaryofficeofamajorna4onallawfirm

q  Hasactedascorporateandsecuri4escounseltonumerousCanadianandInterna4onalpublicandprivatecorpora4ons, includingoilandgas,technology,miningand industrial issuers,andhaswideexperience inprivateandpublicdebtandequityofferings, corporateacquisi4onsofassetsand/orshares,corporatestructuringanddebtfinancing

q  Heiscurrentlyadirectorand/orofficeroftheseveralCanadianpublicandprivatecompanies.q  HoldsaBachelorofCommercedegree(Hons.-1990)fromtheUniversityofAlbertaandaBachelorofLaws(Hons.-1995)degreeq  Isacurrentexecu4vememberoftheAdvisoryBoardoftheTSXVentureExchangeandtheCanadianBarAssocia4on'sSouthernAlbertaBusiness

Subsec4onexecu4ve

LeonardA.ZaseybidaP.Eng.•  ReservesCommi>ee

q  BeganhisprofessionalcareerwithHudson’sBayOil&Gasin1955andsubsequentlyprac4sedasaconsultantinWesternCanadaq  Formerlymanagedprivateenergy companies thatexperienced success indevelopingoil andgas reserves including interna4onalopera4ons;

Currentlyoperateshisownoilandgasinterestsq  HoldsadegreeinGeologicalEngineeringfromTheColoradoSchoolofMinesawardedin1955q  Licensedtoprac4ceasaProfessionalEngineerinAlbertaandisamemberoftheAmericanAssocia4onofPetroleumGeologists

JeffDecter•  AuditCommi>ee•  Compensa4onCommi>ee

q  PresidentofIntegrityFinancialCorp.focusedonfinancingsince1998;Over30yearsofexperienceincludingsales,managementandfinancingq  Priorto1998,Mr.Decterwasconsistentlyoneofthetop3insalesatana4onalcommunica4onscompanywithofficesinMontreal,Toronto,

CalgaryandVancouver,developingandimplemen4nganumberofmarke4ngstrategiesq  Hisexperienceandnetworkofindividualsandorganiza4ons,providesQua>roabroaderfounda4onforindependentadvicepriortomakingany

measuredandaggressiveexecu4onofitsbusinessplan

DanielHarding•  AuditCommi>ee•  Compensa4onCommi>ee

q  Carriesonarealestateprac4ceintheCityofEdmontonandsurroundingareaq  ServedasadirectorandwastheChiefFinancialOfficerofLifeSciencesIns4tute(PredecessortoQua>ro)February2003toNovember2011q  Pro-ac4veresearcheranddeveloperofadver4singandmarke4ngstrategies.

Presentations & Public Speaking

Quattro qxp - june 2016