Corporate Presentation

Corporate Presentation

June 2010 June 2010

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Forward Looking Statements

Some of the statements contained herein, including, without limitation, financial and business prospects and

financial outlooks, may be forward-looking statements which reflect management’s expectations regarding future

plans and intentions, growth, results of operations, performance and business prospects and opportunities. Words

such as “may”, “will,” “should”, “could”, “anticipate”, “believe”, “expect”, “intend”, “plan”, “potential”,

“continue” and similar expressions have been used to identify these forward-looking statements. These statements

reflect management’s current beliefs and are based on information currently available to management. Forward-

looking statements involve significant risks and uncertainties. A number of factors could cause actual results to

differ materially from the results discussed in the forward-looking statements including, but not limited to, changes

in general economic and market conditions and other risks and uncertainties. Although the forward-looking

statements contained herein are based upon what management believes to be reasonable assumptions, management

cannot assure that actual results will be consistent with these forward looking statements. Investors should not place

undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof

and Exile Resources Inc. assumes no obligation to update or revise them to reflect new events or circumstances.

Forward-looking statements and other information contained herein concerning the oil and gas industry and

management’s general expectations concerning the oil and gas industry are based on estimates prepared by

management using data from publicly available industry sources as well as from market research and industry

analysis and on assumptions based on data and knowledge of this industry which management believes to be

reasonable. However, this data is inherently imprecise, although generally indicative of relative market positions,

market shares and performance characteristics. While management is not aware of any misstatements regarding any

industry data presented herein, the oil and gas industry involves risks and uncertainties and industry data is subject

to change based on various factors.

Some of the statements contained herein, including, without limitation, financial and business prospects and

financial outlooks, may be forward-looking statements which reflect management’s expectations regarding future

plans and intentions, growth, results of operations, performance and business prospects and opportunities. Words

such as “may”, “will,” “should”, “could”, “anticipate”, “believe”, “expect”, “intend”, “plan”, “potential”,

“continue” and similar expressions have been used to identify these forward-looking statements. These statements

reflect management’s current beliefs and are based on information currently available to management. Forward-

looking statements involve significant risks and uncertainties. A number of factors could cause actual results to

differ materially from the results discussed in the forward-looking statements including, but not limited to, changes

in general economic and market conditions and other risks and uncertainties. Although the forward-looking

statements contained herein are based upon what management believes to be reasonable assumptions, management

cannot assure that actual results will be consistent with these forward looking statements. Investors should not place

undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof

and Exile Resources Inc. assumes no obligation to update or revise them to reflect new events or circumstances.

Forward-looking statements and other information contained herein concerning the oil and gas industry and

management’s general expectations concerning the oil and gas industry are based on estimates prepared by

management using data from publicly available industry sources as well as from market research and industry

analysis and on assumptions based on data and knowledge of this industry which management believes to be

reasonable. However, this data is inherently imprecise, although generally indicative of relative market positions,

market shares and performance characteristics. While management is not aware of any misstatements regarding any

industry data presented herein, the oil and gas industry involves risks and uncertainties and industry data is subject

to change based on various factors.

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Potential in Existing and Underexplored

Basins

• Access opportunities early in the exploration

and development value chain

• Development first – exploitation based value

creation, cash flow generation

• Exploration second – higher risk, higher return,

greater impact

• Area of Focus – Africa

• Many under-explored basins with attractive fiscal

terms, wide range of deal sizes, mature areas

becoming non-core for existing players

• Political risks out-weighed by the scale of the

reward

• Access opportunities early in the exploration

and development value chain

• Development first – exploitation based value

creation, cash flow generation

• Exploration second – higher risk, higher return,

greater impact

• Area of Focus – Africa

• Many under-explored basins with attractive fiscal

terms, wide range of deal sizes, mature areas

becoming non-core for existing players

• Political risks out-weighed by the scale of the

reward

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Nigeria – Development and Exploration

• Acknowledged risks, excellent returns

• Many western companies operating in the country, presence in the Niger Delta

• Projects with near-term development potential and reserves upside

• Reduced tensions in the Western Delta

• Acknowledged risks, excellent returns

• Many western companies operating in the country, presence in the Niger Delta

• Projects with near-term development potential and reserves upside

• Reduced tensions in the Western Delta

Security issues mitigated by indigenous

partners and careful project selection

Security issues mitigated by indigenous

partners and careful project selection

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Niger Delta

Licensed

“Marginal”

Field

Discoveries

All reserve estimates as supplied by the DPR on launching the 2004 bid round

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Akepo Field –Niger Delta,

Offshore Nigeria

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Strategic Partnership – Akepo Project

• Exile enters License as technical partner, April 2007

• Completed sub-surface reviews, EIA, site survey and re-entry engineering work for Akepo-1st

• Partnership between Sogenal (Operator), Oando and Exile:

• Completed further engineering site survey for rig move

• Completed engineering design for re-entry program on Akepo-1st using Nigerian project management company (Havilah)

• Contracted Noble Lloyd Noble rig, started work early December 2009

• Re-entered well and drill stem tested three zones:

• Lowermost D6 sand tested at 1,200 barrels of 43 degree API oil per day through a 20/64 inch choke, low Gas/Oil ratio (GOR).

• D1 sand tested at 1,170 barrels oil per day of 23 degree API oil through a 20/64 inch choke with low GOR, and the

• C1 sand tested at 570 barrels oil per day of 20 API oil through 20/64 inch choke with low GOR.

• Exile enters License as technical partner, April 2007

• Completed sub-surface reviews, EIA, site survey and re-entry engineering work for Akepo-1st

• Partnership between Sogenal (Operator), Oando and Exile:

• Completed further engineering site survey for rig move

• Completed engineering design for re-entry program on Akepo-1st using Nigerian project management company (Havilah)

• Contracted Noble Lloyd Noble rig, started work early December 2009

• Re-entered well and drill stem tested three zones:

• Lowermost D6 sand tested at 1,200 barrels of 43 degree API oil per day through a 20/64 inch choke, low Gas/Oil ratio (GOR).

• D1 sand tested at 1,170 barrels oil per day of 23 degree API oil through a 20/64 inch choke with low GOR, and the

• C1 sand tested at 570 barrels oil per day of 20 API oil through 20/64 inch choke with low GOR.

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Akepo-1st Wellhead

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Progress at Akepo Continues

• Akepo-1st completed as a two string multiple completion

• Gravel packs to control sand production, produce on two strings from two of the three zones (the third zone selective on one of the strings)

• Akepo-1st was successfully flow tested from the D6 sand at 1,789 barrels oil per day with good flowing wellhead pressures

• Engineering reviews of the test data suggest that the well can produce at stable rates between 2,500 and 3,000 barrels oil per day

• This would imply 200 to 240 barrels oil per day net to Exile (pre-tax and production costs) during the cost recovery phase

• Akepo-1st completed as a two string multiple completion

• Gravel packs to control sand production, produce on two strings from two of the three zones (the third zone selective on one of the strings)

• Akepo-1st was successfully flow tested from the D6 sand at 1,789 barrels oil per day with good flowing wellhead pressures

• Engineering reviews of the test data suggest that the well can produce at stable rates between 2,500 and 3,000 barrels oil per day

• This would imply 200 to 240 barrels oil per day net to Exile (pre-tax and production costs) during the cost recovery phase

First oil production at Akepo-1st targeted for Summer 2010 First oil production at Akepo-1st targeted for Summer 2010

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Targeted Akepo Production, Net to Exile (Current target - detailed technical evaluation in progress)

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Exploration Potential at Akepo

– Prospect A

• Prospect A, north of Akepo

• Similar in size and sand distribution to Akepo (unrisked)

• Offers easily accessible, low-cost, upside exploration opportunity within the existing License area

• Could easily be tied into infrastructure for development

• Probabilities of Success in the area are estimated to be between 1:2 and 1:3

• Expect to use cash flow from Akepo (net to Exile) for new E&P opportunities,

• possibility of an exploration program on Prospect A

• Prospect A, north of Akepo

• Similar in size and sand distribution to Akepo (unrisked)

• Offers easily accessible, low-cost, upside exploration opportunity within the existing License area

• Could easily be tied into infrastructure for development

• Probabilities of Success in the area are estimated to be between 1:2 and 1:3

• Expect to use cash flow from Akepo (net to Exile) for new E&P opportunities,

• possibility of an exploration program on Prospect A

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Zambia – Diversifying in Africa

• Large southern African country, under-

explored

• Only two exploration wells drilled, neither

reaching their target

• Exile reviewed data, applied for and was

awarded Block 26 in the northeast of the

country

• Existing seismic data acquired in the

previous exploration campaign (Placid and

Mobil, 1980’s)

• Targeting review of existing data and cost

effective geochemical surveys to establish

potential for oil and gas

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Active Business Growth and Development

• Nigeria - build critical mass

• Acquisition of one or two additional marginal field projects

• Targeting significantly larger opportunities

• West African Diversification

• Good relationships established in Zambia, Uganda,Gabon and Ghana, opportunities continue to be evaluated, cost-effective pricing

• Evaluating other West African countries for potential new entry

• Akepo will provide cash flow for further business development

• Nigeria - build critical mass

• Acquisition of one or two additional marginal field projects

• Targeting significantly larger opportunities

• West African Diversification

• Good relationships established in Zambia, Uganda,Gabon and Ghana, opportunities continue to be evaluated, cost-effective pricing

• Evaluating other West African countries for potential new entry

• Akepo will provide cash flow for further business development

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Potential Production Profile (subject to successful acquisition of additional properties, rig availability, and assuming application of risk factors and other adjustments)

• Capital requirement US$20m to $50m

• Nigerian licensing round success would require additional funds

• Capital requirement US$20m to $50m

• Nigerian licensing round success would require additional funds

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2009/10 Milestones

• Akepo

• Successfully re-entered, tested and completed three oil zones in Akepo-1st

• Well potential estimated to be 2,500-3,000 gross barrels oil per day

• Targeting first oil Summer 2010

• Business Development

• Reviewed nearly 200 other fallow discoveries in Nigeria in preparation for next licensing round, expected in 2010

• Reviewed, applied for and awarded exploration Licence Block 26 in Zambia – documentation being finalised with Zambian authorities

• Continue to analyze opportunities in Uganda, Ghana, Equatorial Guinea and Gabon

• Akepo

• Successfully re-entered, tested and completed three oil zones in Akepo-1st

• Well potential estimated to be 2,500-3,000 gross barrels oil per day

• Targeting first oil Summer 2010

• Business Development

• Reviewed nearly 200 other fallow discoveries in Nigeria in preparation for next licensing round, expected in 2010

• Reviewed, applied for and awarded exploration Licence Block 26 in Zambia – documentation being finalised with Zambian authorities

• Continue to analyze opportunities in Uganda, Ghana, Equatorial Guinea and Gabon

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• Financing

• Re-imbursement of past costs on Akepo totaling USD$2.1M received from Oando, first installment January 2009, second installment April 2010

• Final installment of past costs (~USD$1M) due at First Oil on Akepo

• First Oil at Akepo-1st to provide cash flow

• Financing

• Re-imbursement of past costs on Akepo totaling USD$2.1M received from Oando, first installment January 2009, second installment April 2010

• Final installment of past costs (~USD$1M) due at First Oil on Akepo

• First Oil at Akepo-1st to provide cash flow

2009/10 Milestones

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Corporate Information

• Listed on the TSX Venture Exchange – Symbol: ERI

• Basic Shares Outstanding, 63,754,191

• Options: 6,300,000 share options at between $0.15 and $0.60

• Warrants: 13,962,764 warrants at $0.26

• Shares fully diluted: 84,016,955

• Director, Officer & Management Ownership, 14%

• Market Capitalization C$5.7 M (May 28, 2010, C$0.09/share)

• Cash on hand, C$2.7 M (May 13, 2010)

Exile Resources – Board and Management

Team with Global Expertise

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Tony Henshaw – Chief Executive Officer, Director

•Geophysicist with 30 years experience with Texaco, Exxon, BP & Centrica, and with MBA from London Business

School

• Discovered over 500 mmboe

• Asset management and field development experience

• Business development and commercial strengths

• Served in Director level positions for over 14 years

Graham Warren, BComm, CMA – Chief Financial Officer

• Senior financial executive with substantial public company experience

• Director Active Control Technology (TSXV-ACT), Director Changfeng Energy (TSX-V-CFY)

• Previously served as Chair of the Audit Committee for Hanfeng Evergreen Inc (TSX-HF)

John Orange – Chairman

• 29 years with BP, including Chief Executive of BP Oil UK

• BA (Law) degree from Trinity College Dublin, a barrister specializing in energy resources throughout his career.

• Past President of the UK Petroleum Industry Association (1993-1995), Fellow of the Energy Institute.

•Currently a Senior Non Executive Director on the board of Premier Oil PLC, where he serves as Chairman of the

Remuneration Committee, member of the Audit Committee and member of the Nomination Committee

Exile Resources – Board and Management

Team with Global Expertise

Ian Gray – Non-Executive Director

•Over 35 years in the oil industry, holding very senior international management positions in Conoco (now

ConocoPhilips) and Amerada Hess

• Previously sat on the board of Premier Oil, Plc as a non-executive Director; Chairman of Mitra Energy Limited

Christopher J.F. Harrop, Non-Executive Director

• Formerly a Senior Vice President and a director of Canaccord Capital Corporation a Canadian broker dealer

• Served as a director for a number of companies including Clublink Corporation and International Uranium

Corporation

Roderick de Courcy-Ireland, Non-Executive Director

•Distinguished 47-year career in the Canadian securities industry with such firms as A.E. Ames, Wood Gundy,

St.James Securities, Northern Securities

• Fellow of the Canadian Securities Institute (F.C.S.I.) and a Member of the Toronto Society of Financial Analysts

Seyi Ajibola – GM Nigeria

• Nigerian national economist/accountant with finance, contracts, procurement and business development experience

• Over ten years oil industry experience including seven years with Conoco and three years with Devon Energy

A Focused African Exploration & Production Co. A Focused African Exploration & Production Co.