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THIRD PARTY REPORT ON RESERVES

By GLJ Petroleum Consultants - (Independent Qualified
Reserves Evaluator)

This report is provided to satisfy the requirements
contained in Item 1202(a)(8) of U.S. Securities and Exchange Commission
Regulation S-K.

The numbering of items below corresponds to the requirements
set out in Item 1202(a)(8) of Regulation S-K. Terms to which a meaning is
ascribed in Regulation S-Kand Regulation S-Xhave the same
meaning in this report.

|i.   | We have prepared an independent evaluation of certain
      reserves of Dejour Energy (Alberta) Inc. (the "Company") for the
      management and the board of directors of the Company. The primary purpose
      of our evaluation report was to provide estimates of reserves information
      in support of the Companys year-end reserves reporting requirements under
      US Securities Regulation S-K and for other internal business and financial
      needs of the Company.
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|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|ii.  | We have evaluated certain reserves of the Company as at
      December 31, 2014. The completion date of our report is January 27,
      2015.                                                                                                                                                                                                                                                                                                                                             
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|iii. | The following table sets forth the geographic area
      covered by our report, proved reserves estimated using constant prices and
      costs, and the proportion of the total company that we have
    evaluated.                                                                                                                                                                                                                                                                      

Company
      Net Proved ReservesNatural
    Oil
    ProportionLocation of Reserves
    Crude Oil
    Natural Gas
    Gas Liquids
    Equivalent
    of Oil Eq.Country
    Region
    Mbbl
    MMcf
    Mbbl
    Mboe
    ReservesCanada
    B.C.
    155
    1,435
    4
    398
    5%Other Party Evaluation(s)
    
    
    30,323
    1,965
    7,019
    95%Total Company
    
    
    
    
    7,417
100%


| | 1 | Oil equivalence factors: Crude
Oil 1 bbl/bbl , Natural Gas 6 Mcf/bbl , NGL 1 bbl/bbl
| | - | ------------------------------------------------------------------------------------

The Company provided to us the total
Company reported reserves. We have derived the Other Party Evaluation figures
by difference. We express no opinion on this portion of the Companys reserves
that we did not evaluate

|iv. | As required under SEC Regulation S-K, reserves are those
      quantities of oil and gas that are estimated to be economically producible
      under existing economic conditions. As specified, in determining economic
      production, constant product reference prices have been based on a
      12-month average price, calculated as the unweighted arithmetic average of
      the first-day-of-the-month price for each month within the 12-month period
      prior to the effective date of our report. In our economic analysis,
      operating and capital costs are those costs estimated as applicable at the effective date
      of our report, with no future escalation. Where deemed appropriate, the
      capital costs and revised operating costs associated with the
      implementation of committed projects designed to modify specific field
      operations in the future may be included in economic
projections.
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|v.    | Our report has been prepared assuming the continuation
      existing regulatory and fiscal conditions subject to the guidance in the
      COGE Handbook and SEC regulations. Notwithstanding that the Company
      currently has regulatory approval to produce the reserves identified in
      our report, there is no assurance that changes in regulation will not
      occur; such changes, which cannot reliably be predicted, could impact the
      Companys ability to recovery the estimated reserves.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
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|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|vi.   | Oil and gas reserves estimates have an inherent degree of
      associated uncertainty the degree of which is affected by many factors.
      Reserves estimates will vary due to the limited and imprecise nature of
      data upon which the estimates of reserves are predicated. Moreover, the
      methods and data used in estimating reserves are often necessarily
      indirect or analogical in character rather than direct or deductive.
      Furthermore, the persons involved in the preparation of reserves estimates
      and associated information are required, in applying geosciences,
      petroleum engineering and evaluation principles, to make numerous unbiased
      judgments based upon their educational background, professional training,
      and professional experience. The extent and significance of the judgments
      to be made are, in themselves, sufficient to render reserves estimates
      inherently imprecise. Reserves estimates may change substantially as
      additional data becomes available and as economic conditions impacting oil
      and gas prices and costs change. Reserves estimates will also change over
      time due to other factors such as knowledge and technology, fiscal and
      economic conditions, contractual, statutory and regulatory
    provisions.
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|vii.  | In our opinion, the reserves information evaluated by us
      have, in all material respects, been determined in accordance with all
      appropriate industry standards, methods and procedures applicable for the
      filing of reserves information under U.S. SEC Regulation S-K.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|viii. | A summary of the Company reserves evaluated by us is
      provided in item iii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

GLJ Petroleum Consultants Ltd. Calgary, Alberta, Canada
February 17, 2015

Chad P. Lemke, P. Eng.
  Manager, Engineering

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