LOAN AGREEMENT

November 3, 2004

Between:

George Liszicasz, an individual residing in the City of Calgary, in the province
of Alberta, (hereafter the “Lender”)

and

Energy Exploration Technologies Inc., a corporation duly incorporated pursuant
to the laws of the province of Alberta, with an office in the City of Calgary
(the “Borrower”)

WHEREAS the Lender desires to lend to the Borrower, and the Borrower desires to
borrow from the Lender, the sum of $250,000;

NOW THEREFORE the parties agree as follows:

ARTICLE 1
Interpretation

1.1

Definitions

In this Agreement and in all notices pursuant to this Agreement the following
words and phrases have the following meanings:

“Agreement” means this Loan Agreement.

“Event of Default” means any of the events specified in Section 4.1.

“Loan” means the loan of the Principal Sum by the Lender to the Borrower
pursuant to the terms of this Agreement.

“Maturity Date” means December 30, 2004.

“Principal Sum” means the sum of $250,000.

1.2

Headings

The headings and the division of this Agreement into articles and sections are
for convenience of reference only and shall not affect the interpretation of
this Agreement.

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ARTICLE 2
Agreement

2.1

Loan

The Lender hereby agrees to lend to the Borrower the Principal Sum and the
Borrower:

(a)

acknowledges receipt of the Principal Sum;

(b)

agrees to repay the Principal Sum in accordance with the terms of this
Agreement;

(c)

agrees to secure its obligations under and pursuant to the Loan including,
without limitation, the obligation to repay the Principal Sum, on the terms and
conditions as provided in this Agreement; and

(d)

agrees to use the Principal Sum to fund the ongoing operations of the Borrower
and for no other reason.

2.2

Interest Acknowledgment

The rate of interest on the Principal Sum is 0.58% per cent per month (7% per
annum).

ARTICLE 3
Borrower’s Covenants

3.1

Repayment of the Loan

The Borrower shall repay in full the Principal Sum on the Maturity Date, subject
to the terms and conditions of this Agreement.

3.2

Payments

All payments made by the Borrower to the Lender hereunder shall be applied in
the following order:

(a)

to amounts due as interest; and

(b)

to reduce the Principal Sum.

3.3

Right of Prepayment

The Borrower shall have the right to prepay the Principal Sum, in whole or in
part, at any time without notice or penalty.

3.4

Pledge and Hypothecation of SFD Survey Equipment

In consideration of the receipt by the Borrower of the Principal Sum from the
Lender and to secure the due payment of the Principal Sum under this Agreement,
the Borrower, being the registered or beneficial owner of that equipment more
particularly known by the Parties as the

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Operating SFD Survey Equipment (the "Equipment") hereby pledges, hypothecates,
assigns, encumbers and charges all the right, title and interest of the
Borrower, both present and future, in and to the Equipment during the term of
this Agreement to the Lender.

3.5

First Charge

The charge upon the Equipment evidenced by this Agreement shall be a first
charge against such assets.

ARTICLE 4
Acceleration of Maturity Date

4.1

Default

Upon the happening of any one or more of the following events (each, an “Event
of Default”), namely:

(a)

termination of the Lender's employment with the Borrower for whatever cause,
voluntary or involuntary, including, without limiting the generality of the
foregoing, resignation, retirement, disability or death;

(b)

sale, transfer, assignment or any other disposition of the Equipment or any part
thereof; or

(c)

the bankruptcy of the Borrower;

the Lender shall, by notice in writing to the Borrower, declare the Principal
Sum to be due and payable and the same shall become immediately due and payable.
If the Borrower does not repay the Principal Sum forthwith upon receipt of
notice of an Event of Default, the Borrower shall pay all costs and expenses
incurred by the Lender in enforcing this Agreement and realizing on his
security.

ARTICLE 5
Miscellaneous

5.1

Notices

Any notice or other communication required or permitted to be given hereunder
shall be in writing and shall be given by prepaid first-class mail, by facsimile
or other means of electronic communication or by hand-delivery as hereinafter
provided. Any such notice or other communication, if mailed by prepaid
first-class mail at any time other than during a general discontinuance of
postal service due to strike, lockout or otherwise, shall be deemed to have been
received on the fourth business day after the post-marked date thereof, or if
mailed by registered mail, shall be deemed to have been received on the day such
mail is delivered by the post office, or if sent by facsimile or other means of
electronic communication, shall be deemed to have been received on the business
day following the sending, or if delivered by hand shall be deemed to have been
received at the time it is delivered to the applicable address noted below
either to the individual designated below or to an individual at such address
having apparent authority to

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accept deliveries on behalf of the addressee.  Notice of change of address shall
also be governed by this section.  In the event of a general discontinuance of
postal service due to strike, lock-out or otherwise, notices or other
communications shall be delivered by hand or sent by facsimile or other means of
electronic communication and shall be deemed to have been received in accordance
with this section.  Notices and other communications shall be addressed as
follows:

(a)

if to the Borrower:

Energy Exploration Technologies Inc.

Suite 750, 840 7th Avenue. SW

Calgary, Alberta

T2P 3G2

Telecopier number: 403.264.6442

(b)

if to the Lender:

Mr. George Liszicasz

383 Arbour Lake Way

Calgary Alberta

T3G 4A2

5.2

Enurement

This Agreement shall enure to the benefit of and shall be binding upon the
parties, the successors and assigns of the Lender, and the heirs, executors,
administrators and successors of the Borrower.

5.3

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of
the Province of Alberta and the laws of Canada applicable therein.

5.4

Severability

If any provision of this Agreement shall be valid or unenforceable to any
extent, the remainder of this Agreement shall not be affected thereby and each
provision hereof shall be enforced to the fullest extent permitted by law.

SIGNED at the City of Calgary in the Province of Alberta this 3rd day of
November, 2004.

Energy Exploration Technologies Inc.

Mr. George Liszicasz

per:  

/s/ Douglas Rowe

per:

/s/ George Liszicasz

Douglas Rowe

George Liszicasz