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Overview Core Properties Reserves/Resources Overview Our operations are concentrated in three core heavy oil areas in western Canada. These properties are currently producing about 10,000 barrels per day. When fully developed, they have the potential to produce in excess of 100,000 barrels per day. Onion Lake is a conventional heavy oil property located in the Lloydminster area in Saskatchewan. In 2013 about half of our heavy oil production came from the Onion Lake area. The property also has the potential for a 12,000 barrels per day SAGD development on a portion of the lands. Mooney is a conventional heavy oil property located in northern Alberta. The field was initially developed using primary production techniques. In 2011, we initiated an alkali surfactant polymer flood (ASP flood) to enhance production and significantly increase overall oil recovery. When future ASP Flood phases are developed, the property has the potential to produce 7,000 to 10,000 barrels of oil equivalent per day. Blackrod is a planned SAGD development located in the Athabasca oil sands region in northern Alberta. Blackrod is the largest of our three core properties and will require several years to fully develop. The Blackrod property has the potential for an 80,000 barrels per day SAGD development. Core Areas 2P Reserves+ (mmboe) Contingent Resource* (mmboe) WI Operator Technology Onion Lake 90 30 50 - 100% PXX Conventional wells SAGD Mooney 15 35 100% PXX Horizontal wells ASP flood Blackrod 182 566 100% PXX SAGD + As per Sproule reserves evaluation as at December 31, 2013. * Best estimate recoverable resource as per contingent resources study prepared by Sproule Unconventional Limited dated December 31, 2013. Home Investors Operations News Contact Careers Disclaimer

Career Opportunities BlackPearl Resources Inc. Is a fast growing Calgary-based junior oil and gas company with operations in Canada and the USA . As a result of our recent growth, opportunities are available for qualified individuals who wish to work in this challenging and dynamic environment. BlackPearl offers a competitive compensation rewards and benefits package. If you are interested in joining BlackPearl's team, please submit your cover letter and resume to: BlackPearl Resources Inc. Attention: Recruitment Email: resumes@pxx.ca Mail/Courier: 700, 444-7th Avenue, S.W. Calgary, AB, T2P 0X8 We appreciate your interest in the possibility of becoming a valued member of our team. Home Investors Operations News Contact Careers Disclaimer