December 2017 TSX-V: PUL and PUL.WT. A Reserve-Based Ground Floor Start-Up with Large, Low-Risk Upside.

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1 December 2017 TSX-V: PUL and PUL.WT A Reserve-Based Ground Floor Start-Up with Large, Low-Risk Upside.

2 The Team Proven Team: 15-Years together; Board and Leadership Team = 250+ years of oil and gas experience Market Focus: Prior TSX Company Market Cap: $2mm to $662 million Prior TSX Company Share Price: $0.06 to $11.00 New Start-Up: Production and already. TSX-V (PUL): (EOR) upside TSXV in March 2017, financed in June. Made 5 acquisitions of high quality accretive assets at low-cost. reserves growing by large multiples Acquired 100% Working Interest in quality light oil assets with large Enhanced Oil Recovery Providing a low risk growth plan 2

3 Pulse: Setting Production Goal s 12,000 Pulse 5-Year Production Forecast BOE/D 10,000 8,000 6,000 4,000 2,000 0 START YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 Bigoray Queenstown Acquisitions 3

4 Capital Structure Pulse Oil Corp. Shares Outstanding Total Outstanding at December ,079,385 Warrants Outstanding (Listed and trading) 38,694,484 ($0.17) Options Outstanding 440,000 ($0.10) Fully Diluted Shares Outstanding 113,420,832 Management and Board Have Skin in the Game Owning: 12,150,000 Shares (14%) and 2,728,334 Warrants Garth and Drew combined have invested $1.3 million into Pulse. Current forecasted production gains and growing cashflow allow Pulse to fund future operations organically through cashflow. No financings currently planned. 4

5 Starting Point: Current Reserves Property Description Projected BOE/Day 3 to 6 months Proved (1P) (MBOE) (1, 2) Proved & Probable (2P) (MBOE) (1, 2) Proved: NPV10 (1,2, 3) Proved & Probable: NPV10 (1,2, 3) Bigoray 390 1,084 1,585 $10,997,800 $15,760,800 Mannville ,031 $1,171,000 $5,524,000 Total 500 1,613 2,616 $12,168,800 $21,284,800 Pulse s starting point reserves do not include any estimates on new potential reserves from Pulse s exciting Bigoray Enhanced Oil Recovery project discussed in detail below. 1. Bigoray Nisku Assets After Above Transaction use the independent reserve evaluation completed by McDaniel & Associates Consultants Ltd. for Pulse s Interests effective December 31, 2016 and updated to Pulse s 100% interests as of the current date based on Pulse s acquisitions described in this press release. 2. Mannville Assets independent reserve evaluation completed by Sproule Associated Limited effective February 28, NPV10 s use forecast pricing and costs based on the opinion of the independent reserve evaluator of the future crude oil, natural gas and natural gas product prices on the effective date of the reserve evaluation and escalate annually at a rate of 2% per year, in Canadian dollars. The forecast of commodity prices used for Bigoray can be found at 5

6 Area of Focus Pulse s focus is the Western Canadian Sedimentary Basin. The large number of over-leveraged oil and gas companies presently struggling in this Basin creates the opportunity to acquire quality assets at record low prices. We believe this acquisition window will remain open for the next few years. Western Canadian Sedimentary Basin Pulse s initial 5 acquisitions took place in Alberta; and as a result Pulse has taken control of a 100% interest in all of our oil and gas assets and we are looking for more! The Alberta portion of the Basin is leveraged towards light oil production, a commodity that even at WTI $40-$50/bbl oil prices, can create significant cash flow for an acquirer with a clean balance sheet. We are evaluating dozens of further opportunities through-out the basin, we can afford to be very diligent due to the large number of assets for sale. 6

7 The Starting Point: 100% Owned Assets = Control Quality Assets / Low-Risk Upside Simple business plan: Acquire quality assets in distressed financial situations, provide immediate value growth with low-risk re-starts, recompletions, drilling; leverage Pulse s team and Sproule Niven Fischer s technical expertise with Pulse financial expertise. Invest capital early and effectively to maximize value while operating safely and with the environment in mind. Five acquisitions now closed to capture two core areas with significant asset positions: 1.) Pulse 100% interest in our Bigoray EOR project; and 2.) Pulse 100% interest in our Queenstown area project, with the potential for more acquisitions as we continue to evaluate opportunities. Bigoray Queenstown 7

8 The Bigoray Nisku E.O.R. Pulse s Low-Risk Home Run Nisku Pinnacle Reefs - Isolated reservoirs, 1-2km across, 100m thick, 370 API Recovery Factors - 50 offsetting analogous Nisku Pinnacle Reefs with miscible EOR averaging 80% of OOIP Pulse Bigoray: Interest in Nisku D and Nisku E Pinnacle Reefs - 2 Nisku Pinnacles no miscible EOR implemented yet; OOIP of 27 million BBLS recovered avg. 35% to date - Up to 12 million BBLS gross (80% RF) more oil could be recovered from EOR; - Even a very conservative 55% RF is massive to Pulse shareholder value and growth Pulse Bigoray Nisku D-Pool Porous Reef 8

9 The Bigoray Nisku E.O.R. Pulse s Home Run Pulse Timing: 2018 Program Start; Reap the Benefits of Future Revenue Upside for multiple years of significant cashflows: NPV10 Potential Based On Netback Per BOE 55% RF NPV10 Potential 60% RF NPV10 Potential 65% RF NPV10 Potential 70% RF NPV10 Potential 75% RF NPV10 Potential 80% RF NPV10 Potential $25.00 $131 million $164 million $197 million $230 million $263 million $296 million $20.00 $104 million $131 million $157 million $184 million $210 million $236 million $15.00 $78 million $98 million $118 million $138 million $158 million $177 million $10.00 $52 million $65 million $79 million $92 million $105 million $118 million $5.00 $26 million $33 million $39 million $46 million $53 million $59 million 9

10 Queenstown: A Cash Flow Machine 20+ Hz Mannville Development Drilling Inventory Discovery well: IP 600 BOE/D 100% Working Interest Drill, Complete, Tie-in: $1.5 million / well Mannville Hz Development Wells 20+ Hz Development infill wells IP Mannville Hz: BOE/d 8-5 Discovery Well IP 600 BOE/d 48 Sections Queenstown Area: Mannville Hz Development * Sproule Associates Limited as of February 28,

11 Planned Work Program: Next 12 Months Pulse Activity (1) 2018 Starting Prod n (BOE/ D) 2018 Forecast Prod n Growth (BOE/D) Bigoray Core Area: Re-start production EOR Project Begins (2019 full production) 0 1,000 Queenstown Core Area: Mannville infill HZ program Production Picture 310 1,860 (1) Assuming cash flow can fund operations. 11

12 Planned Work Program: Months Pulse Activity (1) 2019 Starting Production (BOE/D) Forecast Prod n (BOE/D) Bigoray Core Area: Re-start production Reaping Benefits of EOR Project thru ,000 3,000 Queenstown Core Area: Drill Additional Mannville infill HZ wells with cashflow from EOR Project at Bigoray 360 1, Production Picture 1,860 4,600 (1) Assuming cash flow from operations and warrant proceeds. 12

13 Pulse s Vision The Pulse plan is built on truth, trust, expertise and extreme work ethic. Warren Buffet once said Be greedy when others are fearful; be fearful when others are greedy. As Pulse s management has done before, when oil cycles reach a bottom and others are fearful, Pulse can be "greedy" in terms of buying accretive oil and gas assets that we believe will create significant value for our shareholders in the longer term. Pulse Oil plans to acquire accretive, reserve based, producing assets throughout 2018 and We are working hard growing cash flow and profitable returns for investors provided through smart operations resultant from smart acquisitons. 13

14 Leadership Experience: Board Drew Cadenhead is a professional geologist (APEGA) who developed his technical expertise, team leadership and marketing skills through a 37-year career in the oil and gas industry. Drew got his start in Calgary, Alberta working with Canadian Hunter, Ulster and Summit Resources. He progressed into management with PetroCorp, a state-owned oil company before taking on a remarkable 12-year Executive role with TAG Oil Ltd. Drew s experience allows him to stress the vital role of risk assessment in an industry built on risk / reward. Technical acumen is the foundation of Cadenhead s success; that combined with charismatic communication skills make him unique in this multi-faceted industry. With nearly 4 decades in the oil-patch, Drew has accumulated a wealth of technical, operational and market experience. Garth Johnson is a chartered professional accountant experienced at building growth and creating value for shareholders and stakeholders. After joining TAG Oil as Chief Financial Officer in 2001 he accepted the position of Chief Executive Officer in 2007, boosting the company s market value of approximately $2 million to a high of over $650 million. Mr. Johnson s disciplined approach to business is key to anticipating and managing the risks involved in operating in the energy industry. A strong leader and a hard worker, Garth has skillfully executed complex multimillion dollar transactions in capital markets and in partnerships. Strategic experience, corporate governance, HS&E, media communication, legal, commercial contracts, negotiating acquisitions, marketing, joint venture and operations in the oil and gas industry are all part of Garth s experience. A passion for sound leadership, accountability, teamwork, discipline, and long-term prudent planning are pivotal to his success in driving businesses growth. Dr. Douglas Ellenor has 45 years of experience in the petroleum exploration and production industry, having spent 25 of those on international assignments with the Royal/Dutch Shell Group in Australasia, Europe and North and South America. He is a registered Professional Geoscientist in British Columbia and member of the American Association of Petroleum Geologists and Canadian Society of Petroleum Geologists. Since 2004, Dr. Ellenor has continued working in the oil and gas industry as an independent consultant and he currently sits on the board of Amerisur Resources plc, a company with exploration and production activities in South America. Jack Doyle is a petroleum engineer with 30+ years of experience in the Canadian and international energy industry and is a current member of APEGA. Jack has a proven ability to bring technical, cost sensitive and project management expertise to construction, drilling, completions and workover projects. He has managed drilling and completion operations for a number of companies including Amoco Canada, Dominion Exploration, Northstar Energy, Hawker Resources and TAG Oil Ltd. Jack is the founder and CEO of Base Engineering Ltd., a private engineering firm specializing in drilling, completions and workover engineering and project management for industry clients in Canada and abroad. 14

15 Leadership Experience: Team Drew Cadenhead, President and COO Garth Johnson, CEO and Corporate Secretary Sproule Niven Fischer Ltd. ( Niven Fischer or NF ), Operations Management and Land Administration, Niven Fischer provides Pulse with cost-effective, qualified, experienced and independent, geoscientists, engineers, land and accounting professionals to provide turnkey asset management services that can help reduce capital and operating costs and optimizing returns Aaron Doyle, CFO, is a chartered professional accountant and a petroleum engineer with over 10 years of experience as an executive in the oil and gas industry. Aaron has focussed significantly on financial governance, budgeting, reporting, business growth while actively ensuring safety comes first in all projects. Solana Jear, Consulting Exploration Manager, is a professional geologist with more then 27 years of experience in the Western Canadian Basin in senior roles as an employee and as a consultant with a proven track record of drilling wells, prospecting and overseeing development of oil and gas fields with companies such as PennWest, Twin Butte, Amoco Canada, Dome and Chinook Energy. Darren Lehne, Operations and HSE Manager, has worked in the upstream oil and gas industry for over 25 years and has an extensive background in production operations both domestically and internationally. Darren has worked in the field as a Senior Production Operator and a Production Foreman with Home Oil and Anderson Exploration. He has also performed the role of Operations Manager for a number of junior oil & gas companies, including TAG Oil Ltd. Dan Brown, Controller, has over thirteen years of experience, primarily with TAG Oil, managing operations of public and private companies and providing financial oversight expertise as well as facilitating joint venture relations, regulatory compliance and corporate governance. 15

16 Disclaimers This document is for information purposes only and is not an offer to sell, nor a solicitation of an offer to purchase, any securities. It does not purport to contain all of the information that a prospective investor may require and is not intended to provide any legal, tax, or investment advice. BOE s: Pulse Oil Corp. ( Pulse or the Company ) has adopted the standard of six thousand cubic feet of gas to equal one barrel of oil when converting natural gas to BOEs. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All oil and natural gas reserves and resources information, including estimated production rates and estimated future net revenue, contained in this presentation have, unless otherwise stated, been prepared and presented in accordance with National Instrument Standards of Disclosure for Oil and Gas Activities ("NI ") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. Reserves Estimates Reserves are estimated remaining quantities of oil and natural gas and related substances anticipated to be recoverable from known accumulations, as of a given date, based on analysis of drilling, geological, geophysical and engineering data, the use of established technology, and specified economic conditions, which are generally accepted as being reasonable, and shall be disclosed. Reserves are classified according to the degree of certainty associated with the estimates. Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves. Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves. Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved plus probable plus possible reserves. The qualitative certainty levels referred to in the definitions above are applicable to "individual reserves entities", which refers to the lowest level at which reserves calculations are performed, and to "reported reserves", which refers to the highest level sum of individual entity estimates for which reserves estimates are presented. Reported reserves should target the following levels of certainty under a specific set of economic conditions: at least a 90 percent probability that the quantities actually recovered will equal or exceed the estimated proved reserves; at least a 50 percent probability that the quantities actually recovered will equal or exceed the sum of the estimated proved plus probable reserves; and at least a 10 percent probability that the quantities actually recovered will equal or exceed the sum of the estimated proved plus probable plus possible reserves. The reserve estimates contained herein are estimates only and there is no guarantee that the estimated reserves or resources will be recovered. The estimates of reserves for individual properties may not reflect the same confidence level as estimates of reserves for all properties, due to the effects of aggregation. Where discussed herein "NPV10% or NPV10 represents the net present value (net of capital expenditures) of net income discounted at 10%, with net income reflecting the indicated oil, liquids and natural gas prices and initial production rate, less internal estimates of operating costs and royalties. It should not be assumed that the future net revenues estimated by Pulse s independent reserve evaluators represent the fair market value of the reserves, nor should it be assumed that Pulse s internally estimated value of its undeveloped land holdings or any estimates referred to herein from third parties represent the fair market value of the lands. Resource Estimates: The oil and natural gas resource estimates in this document were prepared for Pulse and unless otherwise noted, the resource estimates in this presentation are a Best Case Estimate or Best Estimate prepared by Pulse s geologist, a non-independent qualified reserves evaluator in accordance with NI and the COGE Handbook, with an effective date of April 18, Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. There is no certainty that it will be commercially viable to produce any portion of the resources. The economic status of the Bigoray enhanced oil recovery (EOR) project is undetermined, as the project maturity status of the development is pending a successful miscible flood operation. The company is working with the permit operator at Bigoray to prepare to implement the EOR project. The Company has numerous offset analogues for the EOR project that confirm the increased recoverability of hydrocarbons in the structure. The commerciality of the EOR project depends on the company securing funding for the project, pricing of solvent and the successful implementation of the miscible flood project resulting in increased reserves and production rates. The estimated cost is approximately $9 million with production growth expected in 2017/2018. In addition projects at REWC and Queenstown include future drilling plans to increase current reserves in these areas and there is no certainty that it will be commercially viable to produce any portion of the resources. 16

17 Disclaimers Exploration for hydrocarbons is a speculative venture necessarily involving substantial risk. The Company's future success in exploiting and increasing its current reserve base will depend on its ability to develop its current properties and on its ability to discover and acquire properties or prospects that are capable of commercial production. However, there is no assurance that the Company's future exploration and development efforts will result in the discovery or development of additional commercial accumulations of oil and natural gas. In addition, even if further hydrocarbons are discovered, the costs of extracting and delivering the hydrocarbons to market and variations in the market price may render uneconomic any discovered deposit. Geological conditions are variable and unpredictable. Even if production is commenced from a well, the quantity of hydrocarbons produced inevitably will decline over time, and production may be adversely affected or may have to be terminated altogether if the company encounters unforeseen geological conditions. Adverse climatic conditions at such properties may also hinder the Company's ability to carry on exploration or production activities continuously throughout any given year. "Best case estimate or Best Estimate is considered to be the best estimate of the quantity of the prospective resource that will actually be recovered. It is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a 50 percent probability (P50) that the quantities actually recovered will equal or exceed the best estimate. The significant positive factors that are relevant to the resource estimates are: Proven production in close proximity; Proven commercial quality reservoirs in close proximity; Current production from waterflood; Nearby analogous on similar formations within 1 kilometer; Current production on properties owned or to be acquired; 3D seismic coverage across permits The significant negative factors that are relevant to the resource estimate are: Costs may be more to conduct EOR project at Bigoray than estimated; Estimated EOR recoveries may not be correct; and production rates estimated may be incorrect, materially impacting estimated annual production and future net revenue. Future Net Revenue(s) are estimated values disclosed by Pulse, whether calculated without discount or using a discount rate, that do not represent fair market value. Analogous Information Certain information in this document may constitute analogous information as defined in NI , including, but not limited to, information relating to areas with similar geological characteristics to the lands held by the Company. Such information is derived from a variety of publicly available information from government sources, regulatory agencies, public databases or other industry participants (as at the date stated therein) that the Company believes are predominantly independent in nature. The Company believes this information is relevant as it helps to define the reservoir characteristics in which the company may hold an interest. The company is unable to confirm that the analogous information was prepared by a qualified reserves evaluator or auditor and in accordance with the COGE Handbook. Such information is not an estimate of the reserves or resources attributable to lands held or to be held by the company and there is no certainty that the reservoir data and economics information for the lands held by the Company will be similar to the information presented therein. The reader is cautioned that the data relied upon by the company may be in error and/or may not be analogous to the Company s land holdings. Forward-Looking Statements Statements contained in this document that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Pulse. Such statements can be generally, but not always, identified by words such as expects, plans, anticipates, intends, estimates, forecasts, schedules, prepares, potential and similar expressions, or that events or conditions will, would, may, could or should occur. All estimates and statements with respect to Pulse s operations are forward-looking statements under applicable securities laws and necessarily involve risks and uncertainties including, without limitation: risks associated with oil and gas exploration, development, exploitation and production, geological risks, marketing and transportation, availability of adequate funding, volatility of commodity prices, imprecision of reserve and resource estimates, environmental risks, competition from other producers, LLR estimates, dates of commencement of production and changes in the regulatory and taxation environment. Actual results may vary materially from the information provided in this document, and there is no representation by Pulse Oil that the actual results realized in the future will be the same in whole or in part as those presented herein. Other factors that could cause actual results to differ from those contained in the forward-looking statements are also set forth in filings that Pulse and its independent evaluator have made, Pulse undertakes no obligation, except as otherwise required by law, to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors change. 17

18 Contact Garth Johnson, CEO Drew Cadenhead, President