Eagle Energy Trust Investor Fact Sheet

EGL.UN | August 2015

Production Guidance - Full Year 2015 3,150 to 3,350 boe/d

(Updated guidance issued on August 20, 2015, giving affect to the Twining Field

acquisition)

Production Forecast 94% oil, 2% NGLs, 4% gas

Monthly Distribution $0.03 per unit

Units Outstanding 34.9 million

Market Cap $65 million

About Eagle

Eagle is an oil and gas energy trust created to provide investors with a sustainable business while delivering stable production and overall growth

through accretive investments and acquisitions. Eagle’s units are traded on the Toronto Stock Exchange under the symbol EGL.UN.

Investors receive a portion of Eagle’s available cash on a monthly basis to provide attractive income.

Eagle’s strategy is to acquire and exploit conventional long-life hydrocarbon reserves in certain established production basins in North America.

Eagle owns stable, oil producing properties with development and exploitation potential in Canada and the United States.

EXPERTISE Eagle combines innovation, expertise and opportunity to create

wealth for investors

Eagle targets petroleum assets that have attractive metrics for:

Post acquisition growth, followed by long term stability

Strong returns on capital

Sustainable cash flows to underpin distributions · On August 20, 2015, Eagle announced the closing of a $30 million acquisition of a private oil and gas company with petroleum assets in the Twining Field in Alberta. The property is located in one of the largest Pekisko oil pools in the Western Canadian Sedimentary Basin. · As a result of the transaction, Eagle will gain production of approx. 750 boe/d from 92 gross (48 net) wells; · With a portfolio of over 30 drilling locations, it is anticipated to extend Eagle’s current corporate production rate of 3,750 for over five years. · Eagle holds a 50% non-operated working interest in a horizontal oil waterflood in the Montney “C” Formation in Dixonville, Alberta. · Premier waterflood in Western Canada with low decline and low maintenance capital; · 190 horizontal wells (110 producers, 80 injectors). · Eagle’s Salt Flat and Hardeman properties are located in Texas and Oklahoma. · Eagle is currently redeveloping the pool at Salt Flat using horizontal well drilling technology. · Over 55 horizontal wells drilled to date; · Completed numerous successful production and operating cost reduction projects. · Eagle’s Hardeman property has ~50 producing wells plus gathering systems and associated assets. · Eagle plans to drill low risk development wells and deploy capital to reduce operating costs, while processing newly acquired seismic data to define future drilling opportunities.

Q1 2015 Cash Flow Netback ($/BOE) (Junior Comparison)

Source: Company Reports; Bryan Mills Iradesso -The chart demonstrates the amount of cash each company brings on average for each barrel of oil equivalent it produces. - In addition to commodity mix, cash flow netbacks are influenced by spot or hedged prices, cash taxes, royalties and associated expenses. - Cash flow is the result of adding back non-cash expenses such as depreciation and future taxes to net earnings. - Based on the three months ended March 31, 2015.

Eagle Energy Trust

Investor Fact Sheet

August 2015

info@eagleenergytrust.com

Management Team________

Richard W. Clark

President, Chief Executive Officer

and Director

J. Wayne Wisniewski

Chief Operating Officer

Kelly A. Tomyn

Chief Financial Officer

Eric C. McFadden

Vice President, Capital Markets &

Business Development

M. Scott Lovett

Vice President, Corporate & Business Development

Jo-Anne M. Bund

General Counsel/Corporate Secretary

Directors________________

David M. Fitzpatrick

Former Founder, President, and Chief Executive Officer

Shiningbank Energy Income Fund

Bruce K. Gibson

Former Vice President and Chief Financial Officer

Shiningbank Energy Income Fund

Joseph W. Blandford

Former Chairman and Chief

Executive Officer

Atlantia Offshore Limited

Warren D. Steckley

Former President, Chief Operating Officer and Director

Barnwell of Canada Limited

Richard W. Clark

President, CEO and Director

Eagle Energy Trust

Analysts________________

Acumen Capital Partners

Paradigm Capital

Scotiabank Global

TSX: EGL.UN

Calgary Office Houston Office

Eagle Energy Inc. Eagle Hydrocarbons Inc.

Suite 2710, 500 - 4th Avenue SW Suite 3005, 333 Clay Street

Calgary, Alberta T2P 2V6 Houston, Texas 77002

Phone: (403) 531-1575 Phone: (713) 300-3245

Toll Free: (855) 531-1575 Fax: (713) 300-3240

QUALITY Eagle owns and operates in petroleum producing areas in Canada and

the U.S. with stable production

Eagle seeks to acquire and develop assets with predictable cash flows and low risk unexploited

potential. Eagle manages its capital spending and distributions to deliver moderate but sustainable

growth.

Production History & Forecast (boe/d)

INCOME

Eagle strives to deliver predictable monthly distributions to

valued unitholders

Eagle pays out a portion of its available cash to unitholders on a monthly basis to provide attractive

income for investors. Eagle’s assets have attractive metrics for sustainable cash flows that underpin

distributions.

Eagle currently pays a monthly distribution of $0.03 per unit per month ($0.36 annualized).

Notes:

Q4/14 production is after Permian asset disposition and before Dixonville asset acquisition.

Guidance is mid-point for full year 2015, including the Twining Field acquisition which closed August 20, 2015.