Giant Gas Opportunities within Block M-15

June,2016

CFG’s Offshore Capabilities and Strategy

Highlights

Opportunity: Proposed US$100.0 – US$150.0 million financing

2

• Canadian Foresight Group Limited (“CFG”) was established to pursue international E&P opportunities in SE Asia and

it has successfully participated in Myanmar’s inaugural offshore bidding round.

• CFG, which is the operator, holds an 80% interest in Myanmar’s offshore Block M-15.

• Myanmar’s offshore oil sector is dominated by the Super-majors and Majors.

• Currently, CFG is the only pure Myanmar offshore investment opportunity available.

• CFG’s best estimate prospective resource is 24 TCF and an independent third-party evaluator Gaffney, Cline &

Associates’ best estimate prospective resource is 13.7 TCF of gas with an undiscounted NPV of over USD $20 Billion.

• A 6.5 TCF economic modelling run yielded an undiscounted NPV of about USD $19.7 billion for CFG.

• CFG’s directors and management team have extensive expertise in both onshore and offshore oil/gas exploration

and development, particularly in Asia.

3

Board of Directors and Management

Songning Shen is the Chairman and Managing Director of Canadian Foresight Group Limited

• Mr. Shen is a Canadian Professional Geologist with 30 years experience in oil & gas industry including national oil companies such as

CNOOC, Statoil Norway and EnCana, multinational corporations such as Halliburton, Husky, Occidental Petroleum Corporation and

Koch, and emerging public and private companies such as Connacher, Petrolifera, Fern, Sunshine Oilsands Ltd. and CaiTerra

International Energy Corporation.

• Two Canadian public companies’ stock had gone up 22-29 times in the span of two years based on Mr. Shen’s exploration and

development performance.

• Mr. Shen founded Sunshine Oilsands Ltd. in 2007. The company’s value had increased from CND $220,000 to US $1.7 Billion listed

market value. Sunshine Oilsands Ltd. was the biggest IPO in Hong Kong exchange and top 15 biggest IPO in the world in 2012. Petro

China, Sinopec Group, Bank of China, China Life Insurance Company Limited are the major investors and owns around 35%

outstanding shares.

• Mr. Shen is recognized as being one of the discoverers of China’s biggest offshore oilfield, the SZ36-1 field and he was awarded by the

Chinese government.

• The total size of his oil & gas recoverable resource discovery is over 7 billion equivalent barrel. The annual production of all the oil &

gas field that he was involved with is over 27 million tonnes.

4

Board of Directors and Management

• Kevin Flaherty - Director - Mr. Flaherty holds a MBA, Finance and resides in Vietnam, where he is a managing director of Energy & Natural

Resource Investments at Saigon Asset Management. He co-founded two natural resources firms in Vietnam: Tiberon Minerals and Keeper

Resources; both of which were subsequently acquired by Asian-based investment firms.

• Raymond Fong – Director - Mr. Fong is a Canadian Professional Engineer. Mr. Fong was a director of China Coal Corporation from 2007 to 2012.

He held previous directorships with Abenteuer Resources Ltd., Stealth Ventures Ltd., Zapata Capital Inc., director and president of Ultra Capital

Inc. and a former director of United Rayore Gas Ltd. Mr. Fong is currently serving as a Director for Sunshine Oilsands Ltd. and Palinda

International Group.

• Michael Hibberd - Director - Mr. Hibberd holds an LLB and MBA degree. He was a Co-Founder, Co-CEO, Co-Chairman of Sunshine Oilsands Ltd.

He held directorships in Heritage Oil Corporation, PanOrient, and Canacol Energy Resources. He was a Senior Vice President of Scotia McCleod

Investment division.

• Greg Turnbull - Director - Mr. Turnbull is a lawyer, currently a senior partner at the Calgary office of McCarthy Tétrault LLP. He currently serves as

a director of a large number of publicly listed oil and gas E&P companies, including Crescent Point Energy Corp., Storm Exploration Inc., Heritage

Oil Corporation, and Marquee Energy Ltd.

5

Board of Directors and Management

• Wei (David) Wu - Director - Mr. Wu has over 30 years of experience as owner and operator of businesses in China. He is a Director

of West Pacific Petroleum and Yunnan Tianli Trading Ltd. He has also been a Manager of Husky Energy Challenge Holdings since

September 2005. Currently, Mr. Wu serves as the Chairman of the Board of Directors of CaiTerra International Energy Corporation.

• Perla Woo - Vice President - Ms. Woo is Canadian Professional Engineer, with a Master’s degree in Engineering from the University

of Calgary. She was a Co-Founder of Sunshine Oilsands Ltd., and was Senior Vice President until September 2008 and has worked at

Sunshine until 2014 in capital raise and investor relations. Ms. Woo has over 20 years experience working in the oil and gas industry

in Canada in the fields of reservoir engineering, exploitation, and pressure transient analysis.

• Shan Li - Vice President of Finance - Ms. Li has been the Investment Manager of the Strategic Investment Division of the Bank of

China Investment Group since 2010 and previously served as the Vice-President of BOCI Asia Limited. She has been involved in

numerous IPOs and major M&A transactions.

Offshore Bid Round ResultsBlocks Selected Candidates

Shallow Water Blocks

A-4 Woodside & BG Group

A-5 Chevron

A-7 Woodside & BG Group

M-4Oil India & Mercator Petroleum & Oil Imax Energy

M-7 ROC Oil & TAP Oil

M-8 Berlanga Holding

M-15 CFG

M-17 Reliance Industries

M-18 Reliance Industries

YEBOil India & Mercator Petroleum & Oil Imax Energy

Deep Water Blocks

AD-2 Woodside & BG Group

AD-3 Ophir Energy

AD-5 Woodside & BG Group

AD-9 Shell

Ad-10 Statoil & ConocoPhillips

AD-11 Shell

MD-2 ENI

MD-4 ENI

MD-5 Shell

YWB Total

Bid Closed：November 2013 / Results Announced: March,2014 / PSC Signed: March,20156

Dominated by the Super-

majors and Majors

Myanmar 2013 Offshore Bid Round

7

PSC Signing Ceremony – March 30, 2015

The Production Sharing Contract (PSC) signing ceremony at Nay Pyi Taw, Myanmar on March 30, 2015

• CFG signed the Production Sharing Contract for Block M15 on March 30, 2015.

• Ceremony attended by 7 Government Ministers including the Minister of Energy, the Managing Director of MOGE, ambassadors, and over 70 government officials.

• Media coverage on Myanmar TV and in Newspaper.

• Myanmar views the finalization of the offshore contracts to be a milestone in the country’s development and have pledged full support to CFG and other operators to implement their exploration and development programs.

8

Strong Local Partner

• CFG’s 10% local partner on Block M-15 is“Century Bright Gold”, which is a subsidiary ofthe KMA group (one of Myanmar’s leadingcommercial firms).

• KMA Group is a diversified conglomeratecontrolling the KMA Hotel Group, CB Bank, CBInsurance, Golden Myanmar Airlines, etc.

• KMA Group has solid governmentalrelationships.

• Never appeared on the US or European UnionSanction List.

• KMA is carried for all exploration costs onBlock M15 up to the Declaration ofCommerciality.

9

Myanmar Offshore Block Map

M-15 is located in proven oil & gas enriched zone

1） Most of the Myanmar offshore blocks are taken by the supermajors and majors.2） M-15 is located in proven oil & gas enriched zone with multiple possible gas fields and prospects.

Myanmar discovered offshore gas fields

FieldsProduction

DateOperator

Comm Gas Res (BCF)

Tech Gas Res(BCF)

IRR(post-tax)

Yadana 1998.8 TOTAL 6,394 128 31%

Yetagun 2000.5 P. CARIGALI 3,194 1,040 27%

Shwe 2013.7 DAEWOO INT 4,111 2,055 13%

Zawtika 2014.3 PTTEP 2,055 900 12%

3-CA-1 n/a TOTAL n/a 25

Shwepyithit n/a CNOOC n/a 40

Aung Sinkha n/a PTTEP n/a 1,200

Pyi Thar n/a MYAN PET RE n/a 35

Shwe Yee Thek n/a PETROVIETNA n/a 200

Total 15,754 5,623

Source: Wood Mackenzie

M-15 is located in proven oil& gas enriched zone. Theproduction of oil and gasfrom this zone represents30% of Myanmar’s totalexports.

10

Myanmar Offshore Basins In this Region

1

3a

4

6

10 KM

11

Block M-15 - Oil and Gas Prospectivity

MULTIPLE TARGETS

• Water depths on the block drop from 30 meters in the east to about 1600 meters in the west.

• Multiple play types are present across the block with multi-TCF prospects.

CFG’s Resource Evaluation

ProspectNumber

ProspectName

P10BCF

P50BCF

P90BCF

1*Deep Water Turbidite

Basin Fan17,323 10,055 5,736

2Deepwater Turbidite Lacks

Seismic ControlN/A

3 Oligocene Horst Block 1,171 645 376

4*Miocene Sandstone Pinchout –

AVO supported8,300 3,400 1,100

5 Yetagun – like Basement High 110 75 35

6* Carbonate Buildup 20,406 9,769 4,490

7Potential Oligocene Oil – Prone

Basins Defined by Satellite Gravity

N/A

Total 47,310 23,944 11,737

Condensate ~30b/mmcf1,420

million barrels720

million barrels350

million barrels

12* Best prospects/leads also evaluated by Gaffney Cline & Associates.

Third-Party Resource Evaluation

13

Gaffney Cline & Associates (GCA) Evaluation Results

• In order to reflect the objectivity of company’s resource and economic evaluation, ensure company’s credibility and

minimize investors’ risk, CFG invited GCA to evaluate its three most prospective leads. GCA is a very well-respected

international company that specializes in international reservoir appraisal, field development, planning and exploration

projects, and ranks top two amongst reserve evaluators in the world. GCA have evaluated and consulted many merger

and acquisition projects for CNPC, CPCC, CNOOC and other Chinese oil & gas companies. It also provided evaluation and

consultation for numerous Myanmar projects.

• This evaluation was led by GCA’s Singapore branch and completed by geologists, engineers and economists from

Singapore and Sydney. The scope of the evaluation work was limited to the west area of Block M-15, where 2D seismic

data has been previously acquired covering an area of 1753 square km. Based on the 2D seismic data study, seven (7)

leads/prospects have been discovered. CFG and GCA agreed that the evaluation will focus on the three of the best

prospects/leads: lead 1, lead 4 and prospect 6.

GCA’s Resource Evaluation

Lead/Prospect Number

Lead/ProspectName

P10BCF

P50BCF

P90BCF

1Deep Water Turbidite Basin

Fan14,633 6,678 1,650

4Miocene Sandstone Pinchout –

AVO supported4,241 1,491 457

6 Carbonate Buildup 10,089 5,540 2,916

Total28,963 13,709 5,023

Condensate ~ 30b/mmcf 870 million barrels 410 million barrels 150 million barrels

14

Economic Evaluation

CFG Economic Evaluation GCA Economic Evaluation

Based on P50 estimates，CFG’s undiscounted NPV is about $70.4 billion US dollars.

CFG economic evaluation shows that company’s undiscounted NPV is about $2.94 billion US dollars with a 1 TCF discovery.

GCA’s evaluation is extremelyconservative, which shows company’s undiscounted NPV is $20.1 billion US dollars based on P50 estimates. NPV at 10% discount is $4.2 billion US dollars.

Considering risk，GCA’s evaluation alsoshows company’s undiscounted EMV is about $3 billion US dollars. At 10% discount, the EMV is $588 million US Dollars.

CFG Economic Evaluation: Gas price = US$8.0/MCFGCA Economic Evaluation: Gas price = US$5.5/MCF

15

CFG and GCA have conducted the economic evaluation of M-15 block independently. Company value increased rapidly after the interpretation of the 2D seismic data.

Collaboration with Shell

16

CFG

M15

Shell

MD5

• MD-5 block which is owned by Shell is right next to M-15 block.

• There is a big gas field across the border of MD-5 and M-15, which has been confirmed by both companies. Hence, Shell and CFG have signed agreement to exchange data and to acquire 3D seismic data together. The 3D seismic data acquisition have just been conducted.

• The study of 2D and 3D seismic data provided by Shell has started.

17

PSC Highlights

• Contract area: M-15

• Preparation period: Company has to complete the IEE study within six months after the signing of agreement, and submit the report and plans

to MOGE for approval. Minimum expenditure is US$250,000.

• Data fee: US$350,000.

• Data study period: 6 - 12 months; Minimum expenditure: US$1 M. Then move to exploration period after the payment of signing bonus.

• Signing bonus: US$5.1 M.

• Exploration period: 3 years

• First year: Seismic acquisition, process, interpretation. Minimum expenditure: US$20 M.

• Second year: drill at least one well, costs is about US$25 M.

• Third year: publish drilled well information and drill another well, costs is about US$25 M.

• To summarize, at least two wells must have been drilled within the three-year exploration period at total expenditure of about US$70 M.

• There are two extensions for the exploration period. The first extension is two years and the fourth year can be the study year. Minimum

expenditure is US$4 M. Drill another well in fifth year, minimum expenditure is US$25 M.

• Company will move into production any time once there is a commercial discovery in the first 6 years.

• Production: 20 years or the sales agreement duration, whichever is longer.

• Royalty: 12.5%

18

PSC Highlights

19

Economic Model

Based on CFG and GCA’s evaluation results, there is high likelihood that CFG will be able to find 2-3 world class

giant gas fields in block M-15. Using real production and operation costs from current Myanmar offshore gas fields,

and considering current gas price and the construction costs of offshore pipeline to Kanbauk, a 6.5 TCF economic

model was built based on the Production Sharing Contract (PSC) with the Myanmar government.

The economic model shows that CFG’s undiscounted NPV is USD $19.7 Billion with the assumed gas price equal to

60% of current market gas price in Myanmar.

M-15 Shallow Water-6.5 TCF Model Economic Evaluation

Parameters

Price Discount Sharing Ratio Royalty Production

GAS PriceUS$/MCF

$5.50

Gas Price Inflation

Rate3%

Percentage of Gas for Cost

Recovery50% Gas Royalty 12.50%

Maximum Production per Well MMCF/D

25

CondensatePriceUS$/bbl

$35

CondensatePrice

Inflation Rate

3%

Percentage of Condensate for Cost Recovery

50%CondensateRoyalty

12.50%

Peak ProductionMMCF/D

1000

IncomeDiscount Rate

0%

Number of Wells to

Support Peak ProductionMMCF/D

40

Cost Inflation

Rate3%

Conclusions Undiscounted NPV：US$19.7 Billion IRR：21%

20

6.5 TCF Model Cash Flow & Dividend at Start of Production

YEAR 1 2 3 4 5 6 7 8 9 10

Cash Flow（MMUS$）

-335.80 111.12 192.37 318.52 514.06 816.82 1018.21 923.53 951.23 979.77

Total Dividend（MMUS$）

0.00 105.56 182.75 302.59 488.35 775.98 967.30 877.35 903.67 930.78

Total Number of Shares（100 Million ）

4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50

Dividend / Share（US$）

0.00 0.23 0.41 0.67 1.09 1.72 2.15 1.95 2.01 2.07

YEAR 11 12 13 14 15 16 17 18 19 20

Cash Flow（MMUS$）

1009.16 1039.44 1070.62 1102.74 1135.82 1098.43 1057.77 1013.68 965.99 914.53

Total Dividend（MMUS$）

958.71 987.47 1017.09 1047.60 1079.03 1043.51 1004.88 962.99 917.69 868.80

Total Number of Shares（100 Million ）

4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50

Dividend / Share（US$）

2.13 2.19 2.26 2.33 2.40 2.32 2.23 2.14 2.04 1.93

YEAR 21 22 23 24 25 26 27 28 29 30

Cash Flow（MMUS$）

859.11 799.55 735.64 667.17 593.93 515.70 432.24 343.31 248.65 148.01

Total Dividend（MMUS$）

816.16 759.57 698.85 633.81 564.24 489.92 410.63 326.14 236.22 140.61

Total Number of Shares（100 Million ）

4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50

Dividend / Share（US$）

1.81 1.69 1.55 1.41 1.25 1.09 0.91 0.72 0.52 0.31

Total Dividend per Share：US$45.55

21

M-15 6.5 TCF Model Cash Flow

-1000

-500

0

500

1000

1500

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

MM

US$

Operation Year

22

Gas price: US$5.5/MCF Condensate price: $35/bbl

6.5 TCF Model Dividend at the Start of Production

0

0.5

1

1.5

2

2.5

3

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

US$

Production Year

23

Gas price: US$5.5/MCF Condensate price: $35/bbl

M-15 6.5 TCF Model Sensitivity Analysis

CondensatePrice

（US$/BBL）

GasPrice

（US$/MCF）

IRR%

NPV(MMUS$)

(Income discount 0%Cost discount 3%)

NPV(MMUS$)

(Income discount 5%Cost discount 3%)

NPV(MMUS$)

(Income discount 8%Cost discount 3%)

NPV(MMUS$)

(Income discount 10%Cost discount 3%)

NPV(MMUS$)

(Income discount 12%Cost discount 3%)

55 8.0 25 29,489 10,539 5,901 4,036 2,758

35 5.5 21 19,662 6,826 3,688 2,430 1,572 25 1.4 10 5,178 1,295 362 0 （236）25 2.0 12 7,199 2,080 840 353 353 25 3.0 15 10,555 3,369 1,619 924 455 25 4.0 18 13,910 4,646 2,385 1,482 869 25 5.0 20 17,266 5,920 3,148 2,038 1,281 25 6.0 21 20,621 7,189 3,905 2,588 1,688 25 7.0 23 23,977 8,458 4,662 3,138 2,095 25 8.0 24 27,332 9,726 5,418 3,687 2,500 25 9.0 26 30,687 10,991 6,170 4,231 2,902 25 10.0 27 34,043 12,255 6,922 4,776 3,304 35 1.2 10 5,183 1,296 362 0 （237）35 2.0 13 7,918 2,358 1,009 477 121 35 3.0 16 11,274 3,642 1,783 1,043 544 35 4.0 18 14,629 4,919 2,548 1,601 958 35 5.0 20 17,985 6,192 3,310 2,155 1,368 35 6.0 22 21,340 7,461 4,067 2,705 1,775 35 7.0 23 24,696 8,730 4,824 3,256 2,182 35 8.0 25 28,051 9,997 5,579 3,803 2,586 35 9.0 26 31,407 11,262 6,331 4,348 2,988 35 10.0 27 34,762 12,526 7,083 4,893 3,389

24

NPV (B US$)

Gas Price/Income Discount vs NPV

NPV (B US$)

Gas Price vs Undiscounted NPV Income Discount vs NPV

0%

5%

8%

10%

12%

25

$10

$8

$5.50

$4

US$/

MCF

$2

$6

19.7

6.8

3.7

28.1

1.6

34.8

2.4

21.3

19.7

14.6

7.9

26

The Importance of Gas Sales and the Sales Agreement

• In Asia, natural gas is still a scarce bulk commodity. The big consumers of natural gas in Asia are China, Japan, Korea, Thailand,

India and Malaysia, which are all close to Myanmar or with connected offshore area . In the past ten years, China's energy

strategy and the main focus were coal and petroleum. Energy-related issues, such as air pollution and energy inefficiency,

become an increasingly serious issue, which has forced China to seek other energy source. Natural gas has been identified as

an alternative to coal, being an attractive and clean source of energy.

• According to PSC agreement, 75% of M-15’s future production can be exported directly. 25% of the M-15 future production

has to be sold within Myanmar as its domestic demand is increasing greatly. Majority of Myanmar gas production is currently

supplied cross-border to Thailand and China. There is a forecasted steep increase of demand from regional countries in Asia

such as China, Thailand and India. Therefore, the gas market for CFG’s gas find is assured.

• According to PSC agreement, the production period is the longer of 20 years or sales agreement duration, so we have started

looking for strong sales partners.

27

Sales Strategy

Pipeline Strategy:

• CFG will transport gas through pipelines to buyers. The pipelines can be constructed by CFG only or with

partners.

• Based on gas productivity, an 80 km pipeline can be constructed to connect to Yetagun gas field located north of

M-15 block. Then gas will be transported through Yetagun to Kanbauk. Alternatively, a 220 km pipeline can be

constructed directly to Kanbauk. Then gas will be transported from Kanbauk to Sino-Myanmar pipeline or

Thailand pipeline.

LNG Strategy:

• CFG also considers installing LNG facilities on the production platform as such technology is very matured. Then

LNG will be shipped to China, Japan and Korea.

• Floating LNG gas storage is another possibility.

M-15 is located in proven oil & gas enriched zone

• Based on GCA’s conservative

evaluation, M-15’s prospective

resources can supply Sino-

Myanmar gas pipeline for over 40

years at full capacity.

• It is only 220 km between the

furthest point of M-15 block to

Kanbauk.

28

Kunming Nanning

Kanbauk

Sino-Myanmar Gas Pipeline

29

CFG Commercial Operation Phases

1. M-15 block bidding phase, 09. 2012 – 04. 2014, completed.

2. M-15 block PSC negotiation and signing phase, 05. 2014 – 03. 2015, completed.

3. M-15 block early stage interpretation, third party reserve & economic evaluation, IEE phase, 04. 2015 – 12. 2015,

completed.

4. Seismic acquisition with Shell for the joint border about 1500 sq. km, 11. 2015 – 10. 2016, acquisition is completed,

processing and interpretation is in the progress, the first well location will be decided in 08. 2016 – 10. 2016.

5. M-15 block 3D seismic tendering & evaluation and 3D acquisition, processing, and interpretation, 11. 2015 – 02. 2017, in

progress.

6. First exploration well, 01. 2017 – 03. 2017 or 10. 2017 – 12. 2017. The second and third exploration wells, 10. 2017 – 05.

2018. It will enter production preparation phase once the exploration well discovers gas.

7. Production preparation phase includes: third party reserve evaluation report, development plan, well location

determination, platform design, underwater production facilities design and construction, pipeline design and

construction, 04. 2017 – 12. 2020.

8. Production phase, start to sell gas and condensate to down stream, around 01. 2021.

Milestones

30Year

03. 2015 06. 2015 11. 2015 2016 2017 ………

PSC Signed

IEE

Tender

3D Seismic

Drill

Production Platform

2019-2021

Co

mp

any

Val

ue

31

The Demands and the Sources of Funds

The demands of funds:

The demands of funds are in phases 4 to 7.

• Before the production preparation phase: in order to complete phases 4 – 7, US $130 M is needed.

• In production preparation phase: US$1.2 – 1.5 billion is needed to complete phases 7 – 8.

The sources of funds:

• For the funds needed before production preparation, CFG prefers equity financing. According to GCA’s evaluation,

company’s current undiscounted EMV is US $3 billion. Company’s current market value is US $150 M if the share

price is US $1.0, which is 5% of the evaluation. 3D seismic acquisition, processing, interpretation phases (4 -5)

need US $30 M. Drilling phase needs US $100 M (If the first well is successful, only US $33 M is needed).

• Once it is in production preparation phase, resource can be used as collateral for loans, part or all of the funds

could come from loans.

32

Huge Rewards if CFG Investment is done now

Dividend and Investment Exit:

As GCA’s reserve and economic evaluation has determined that the gas resource is 13.7 TCF and undiscounted EMV

is US$3 billion, there is low economic risk at the share price of US$1.0.

• Company could partly or fully sell the interests of M-15 block now and pay dividend to shareholders.

• For the investors who expect to become controlling shareholders, company could not only issue new shares but

also transfer existing shares to them based on a reasonable exchange ratio and share price.

• Company is seeking opportunities in Singapore, Hong Kong or Mainland China to go public.

Based on current gas market price and M-15 block resource, we confidently estimate that the share price will go up

3-5 times within 2 years and increase more than 10 time once in production.

Corporate Structure

• Canadian Foresight Group Limited and

its wholly owned subsidiary CFG Energy

Pte. Ltd. are Singapore incorporated

companies.

• Shares issued and outstanding:

149,951,655.

• Capital raising: Planning to raise

US$100 - 150 million by 2016.

33

CANADIAN FORESIGHT GROUP LIMITED

CFG ENERGY PTE. LTD. (MYANMAR BRANCH)

100%

100%

CFG ENERGY PTE. LTD.

Budget for 2016 - 2017（US$）

• Company G&A - $1.2M

• October 2016 – Seismic Acquisition $20M

• November 2016 – EIA - $250K

• February 2017 – Drill First Well - $25M

34

35

Risk Analysis

Investors’ concern of the risk are mainly in three areas:

1. Exploration risk: there is only 2D seismic data and one well data available and appears as though it is high risk. However, because the leads and

prospects are huge, the 2D data can provide basic information about the three leads or prospect’s seismic profiles that will ultimately lead to

successful exploration.

2. Political risk: the Myanmar political stability is critical to this project. Historically, there was never any breach by the Myanmar government of any

oil & gas agreements they had signed with any energy company. Each government followed and honored agreements strictly. Currently, a

democratically elected Myanmar government is in power and there is marked improvement in the transparency of the government in the past

few years. In addition, CFG is a Singaporean registered company, with a partner which is an Australian company and a local partner, KMA which

plays a big role in Myanmar’s economy. The close and strong relationship between KMA and Myanmar government is another assurance of the

project’s success.

3. Future gas price: based on current facility limitation, there is a false appearance of “Supply is bigger than demand” in China. However, looking

closely at gas generated power by volume: China’s gas consumption needs to increase 10 times in order to achieve the average power generated

from gas by other countries in the world. Because of severe air pollution, China’s reliance on coal-generated power will decrease and its demand

for gas will increase which will then ensure higher gas prices. A more conservative gas price of US$5.5/mcf was used in the economic model to

reflect prevailing market sentiment although the current market price is higher at US$8.0 - 9.0/mcf. Even using a very low estimate of US$2/mcf

gas price, sensitivity analysis shows that the company’s undiscounted NPV is still very attractive at almost US$8 billion.

Huge Future with “BELT & ROAD” Program in China

• If CFG adhere to the schedule and everything progresses accordingly as planned,

M15 block will start the production of natural gas after 2021. The company is

seeking strong partners with related businesses in natural gas exploration,

development, investment, production and sales.

• CFG M-15 block, located in the shallow waters of the Myanmar gas field area, would

become one of China's largest clean energy projects, if Chinese enterprises

participate. It will supply clean energy for the south-west provinces in China and

make huge contribution to improvement of air quality.

36

Technical Information

37

Appendix

38

The Kitchen

• Basin Modelling demonstrates that the

rich Oligocene source rock kitchen on the

western part of Block M-15 has generated

80 – 100 BCF per square. kilometer, more

than sufficient to source the multi-TCF

traps on Block M-15.

• Deep water prospects directly overlie

source kitchen areas, in shelf areas,

migration pathways lead directly to

prospect locations.

Volume of Gas Generated per Square Kilometer showing Prospect Outlines

Line space 4 km

MD5 BlockShell

M-15 BlockCFG

B

2 KM

39

Lead 1 – Deep Water Turbidite Fan Complex

Estimated P50 prospective resources likely significantly higher than the discovered deep water turbidite fan gas field – Shwe/Shwe Phyu gas field

• Turbidite Fan Complexes are the “Play of the Decade” and have spurred the participation of majors and super-majors in Myanmar Offshore.

• Multi-TCF fields are likely.• Block M-15 Turbidite Fan Complexes extend onto the adjacent block held by

Shell.• Estimated P50 prospective resources is 6.7 TCF，nearly twice the Shwe/Shwe

Phyu gas field.

Water Depth: ~1700m Prospect Depth: ~3500mEstimated Porosity：26~30%

Fan Complex

Lead1 - Seismic Section (North)

A B

Fan Complex

Area：264 SQKMAverage Thickness: 152mDepth: ~3500mEstimated Porosity：26-30%

40

Line space4 km

MD5 BlockShell

M-15 BlockCFG

A

B

Lead1- Seismic Section (South)

A B

2公里

41

Line space4 km

MD5 BlockShell

M-15 BlockCFG

A

B

Fan Complex

Area：264 SQKMAverage Thickness: 152mDepth: ~3500mEstimated Porosity：26-30%

Isopach of Buildup (CI=20m)

Big Channel

42

Prospect 6 - Carbonate Buildup

Analogous to the biggest carbonate gas field in Myanmar – Yadana Field

• Large carbonate buildup is analogous to the

biggest carbonate gas field in Myanmar -

Yadana field, with very similar geological

settings and seismic features.

• Cross-cutting channels are apparent, separating

the down-dip areas characterized by flat-zones

from the updip portion tested by the well M15-

B1.

• Very high porosity and permeability is expected

with attendant high estimated P50 recoverable

resources of 5.5 TCF.

Flat Zone：Most reliableindicator of Gas Deposit

A B

43

Prospect 6 - Carbonate Buildup East to West Profile 1

A

B

AB

2公里

44

Prospect 6 - Carbonate Buildup East to West Profile 2

Flat Zone：Most reliableindicator of Gas Deposit

A

B

Volcanic basement

Bright spots

Seal: Mid-Miocene clay dominant shale

Source: Ample Oligocene source rock

Water depth: ~280m Top carbonate depth: ~1080mEstimated Porosity：25-30%

South North

10km

North

South

Flat Zone

45

Prospect 6 - Carbonate Buildup South to North Profile

Analogous to the biggest carbonate gas field in Myanmar – Yadana Field

Bright Spots

Seal: Mid-Miocene Clay dominant Shale

Source: ample Oligocene source rock

Volcanic basement

46

Yadana gas field

Large carbonate buildup on Block M-15 is analogous to the biggest carbonate gas field in Myanmar - Yadana field in the same region, with very similar geological settings and seismic features.

Water depth: 32-45MTop carbonate depth: ~1200M Recoverable resource: ~6.5 TCFPorosity: 27-31%Permeability: ~50-300 MD

B

BA

A

47

Lead 4 - Miocene Pinchout – AVO supported

AVO amplitudes showing interpreted gas-charged area with seismic profile

• Miocene sandstones are truncated adjacent

to a large shelf-bounding fault.

• A prominent AVO (Amplitude vs Offset)

anomaly suggests that the sandstone

package is gas-charged.

• Estimated P50 gas resources of 1.5 TCF.

• Stacked sands may increase prospective

resources significantly.

48

Lead 4 – Intra Mid-Miocene Depth and Amplitude Map

2公里

Lead 4

Prospect

A B

49

Lead 4 – Seismic Section

50

Reader Advisories

The information in this presentation contains certain forward-looking statements. All statements other than statements of historical fact may beforward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate",“plan", "continue", "estimate", "demonstrate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", “could", "might","should", "believe", "would" and similar expressions and include statements relating to, among other things, the anticipated ongoing strategy ofCanadian Foresight Group Limited (CFG) and CFG Energy Pte. Ltd. and development, drilling and acquisition opportunities and plans for CFG andthe anticipated performance of CFG’s properties. Such forward-looking statements or information is provided for the purpose of providinginformation about the current expectations and plans relating to CFG and its current and future oil and gas assets (the “CFG Assets"). Readers arecautioned that such information may not be appropriate for other purposes, including making investment decisions. In particular, this documentcontains forward looking statements pertaining to: CFG’s corporate areas of focus; CFG’s capital raising plans; CFG’s operational and developmentplans and the timing thereof; the quality and characteristics of the CFG’ Assets; expected performance in 2016 and beyond; the anticipatedperformance of the properties to be explored and developed and the timing of certain matters related thereto; CFG’s capital budget requirements;the proposed fundraising, the price per share, the use of proceeds for such offering, the levels of participation of insiders in such offering and thetiming of certain matters related thereto; the expected operational plans, including preparation, exploration, drilling and optimization activities,and the anticipated results therefrom; expected capital cost reductions; and matters ancillary or related to the foregoing list. In addition, pleasenote that information relating to estimated resource and resources are deemed to be forward-looking information, as it involves the impliedassessment, based on certain estimates and assumptions that the resource described can be economically produced in the future. The forwardlooking statements in this presentation are based on certain assumptions, including, without limitation: the quantity of resource and resourcesassociated with the CFG Assets; the oil and natural gas production levels of the CFG Assets; the quality and characteristics of the CFG Assets; thesource of funding for CFG’s activities including development costs; development and drilling plans for those CFG Assets and the timing of resultsthereof; projections of commodity prices and costs; supply and demand for oil; potential resource and future production with respect to the CFGAssets, business strategy and objectives; exploration and drilling plans; the costs associated with and the timing in relation to drilling wells; thecosts of leases; capital expenditures; operating and other costs; the timing of implementing certain operating techniques; royalty rates and taxes;expectations regarding the ability to raise capital and continually add to resource through acquisition and development; the sources of and theuses of cash generated from the business of CFG ; and the treatment under governmental regulatory regimes, including with its quasi-governmental partner, MOGE. Readers are cautioned such assumptions, although considered reasonable at the time of preparation of theinformation in this presentation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

51

Reader Advisories

CFG’s actual results, performance or achievement could differ materially from those expressed in or implied by, these forward-lookingstatements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire oroccur, or if any of them do so, what benefits CFG will derive there from. These statements involve substantial known and unknown risks anduncertainties, certain of which are beyond CFG’s control, including: the impact of general economic conditions; industry conditions; changes inlaws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced;fluctuations in commodity prices and foreign exchange and interest rates; stock market volatility and market valuations; liabilities inherent in oiland natural gas operations; uncertainties associated with estimating oil and natural gas resource; competition for, among other things, capital,acquisitions of resource, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in income taxlaws or changes in tax laws and incentive programs relating to the oil and gas industry; geological, technical, drilling and processing problemsand other difficulties in producing petroleum resource; ability to secure drilling and service equipment; and obtaining required approvals ofregulatory authorities. CFG’s actual decisions, activities, results, performance or achievement could differ materially from those expressed in, orimplied by, such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that CFG will derive from them. Readers should be cautioned thatthe foregoing list is not exhaustive of all possible risks and uncertainties. These risk factors should not be construed as exhaustive. Any financialoutlook or future oriented financial information in this presentation, as defined by applicable securities legislation, has been approved bymanagement of CFG. Such financial outlook or future oriented financial information is provided for the purpose of providing information aboutmanagement's reasonable expectations as to the anticipated results of its proposed business activities. Management of CFG believe that theexpectations reflected in the forward-looking statements are reasonable but no assurance can be given that these expectations will prove to becorrect and such forward-looking statements included herein should not be unduly relied upon. These statements speak as of the date hereof.Except as required by law, CFG undertakes no obligation to publicly update or revise any forward-looking statements.The information contained in this presentation does not purport to be all inclusive or to contain all information that prospective investors mayrequire. Prospective investors are encouraged to conduct their own analysis and reviews of CFG and the information contained in thispresentation. Information in relation to the previous experience of CFG’s management is not indicative of the future performance characteristicsof CFG. Without limitation, prospective investors should consider the advice of their financial, legal, accounting, tax and other advisors and suchother factors they consider in investigating and analyzing CFG.

52

Contact Information

SONGNING SHEN

Chairman of the Board and Managing Director

Canadian Foresight Group Limited

Mobile: +1 403 875 2129

Office: +1 587 353 3711 ext. 1120

Email: s.shen@canadianforesight.com

PERLA WOO

Vice President

Canadian Foresight Group Limited

Mobile: +1 403 827 6328

Office: +1 587 353 3711 ext. 1121

Email: p.woo@canadianforesight.com

CANADIAN FORESIGHT GROUP LIMITED

Calgary Office:Suite 800, 717 7th Avenue SW, Calgary, AB T2P 0Z3, CanadaOffice: +1 587 353 3711Fax: +1 403 452 0907

Yangon Office:Rm. No.16, 3rd Fl., Build. No.C2, Shwe Hin Thar Condo,Corner of Pyay Road & Shwe Hin Thar Street, Hlaing Tsp., Yangon, MyanmarOffice: +959 781 879 396Fax: +959 781 879 396

www.canadianforesight.com