INVESTOR PRESENTATIONAPRIL 2016

A Neodymium magnet is the most widely used and strongest type of permanent, rare-earth magnet commercially available

Revolutionizing Pump Technology

TSXV: DVG

This Corporate Presentation contains certain forward-looking statements and forward-looking information (collectively referred toherein as “forward-looking statements”) within the meaning of applicable securities laws. All statements other than statements ofpresent or historical fact are forward-looking statements. Forward-looking information is often, but not always, identified by the useof words such as “could”, “should”, “can”, “anticipate”, “expect”, “believe”, “will”, “may”, “projected”, “sustain”, “continues”,“strategy”, “potential”, “projects”, “grow”, “take advantage”, “estimate”, “well positioned” or similar words suggesting futureoutcomes. In particular, this Corporate Presentation contains forward-looking statements relating to future opportunities, businessstrategies and competitive advantages. The forward-looking statements regarding the Company are based on certain keyexpectations and assumptions of the Company concerning anticipated financial performance, business prospects, strategies, thesufficiency of budgeted capital expenditures in carrying out planned activities, the availability and cost of labour and services andthe ability to obtain financing on acceptable terms, all of which are subject to change based on market conditions and potentialtiming delays. Although management of the Company consider these assumptions to be reasonable based on information currentlyavailable to them, they may prove to be incorrect.By their very nature, forward-looking statements involve inherent risks and uncertainties (both general and specific) and risks thatforward-looking statements will not be achieved. Undue reliance should not be placed on forward-looking statements, as a numberof important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations andanticipations, estimates and intentions expressed in the forward-looking statements, including among other things: inability tomeet current and future obligations; inability to implement the Company’s business strategy effectively in Canada, Mexico and theUnited States; inability of the Company to continue meet the listing requirements of the TSX Venture Exchange; general economicand market factors, including business competition, changes in government regulations; access to capital markets; interest andcurrency exchange rates; technological developments; general political and social uncertainties; lack of insurance; delay or failure toreceive board or regulatory approvals; changes in legislation; timing and availability of external financing on acceptable terms; andlack of qualified, skilled labour or loss of key individuals.Readers are cautioned that the foregoing list is not exhaustive.The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. Theforward-looking statements included in this Corporate Presentation are made as of the date of this Corporate Presentation and theCompany does not undertake and is not obligated to publicly update such forward-looking statements to reflect new information,subsequent events or otherwise unless so required by applicable securities laws.

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High-growth, publicly-traded technology firm (TSXV: DVG)

Advancing innovative Artificial Lift systems for the oil & gas industry:

– Revolutionary Linear Electromagnetic Submersible Pump (the “Pump”)

– Alternative to traditional pump jack

– Powered by a permanent magnet motor(1)

– Offers lower costs, reduced maintenance and minimal environmental footprint

– Commercialization anticipated in 2016, initially in Western Canada

– First commercial version of Pump installed in client oil well in SK in January, 2016

Existing cash flow positive business unit in Gillette, WY– Conventional electric submersible pumps (ESP):

– Increasing market share

Near-term catalysts as the next generation Pump nears commercialization

(1) Referred to as a Linear Motor in the permanent magnet motor industry.

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Mission: “Changing the way clients produce energy”

Market cap as at April 22 ‘16*Gillette, WY - Powder River Basin gas wells; based on internal estimates

10 Years in business

25 Employees

0 Safety incidents YTDESP Supplier*1#

Insider Owned6.3%

TSXV: DVG $0.19 - $0.54 $25.6MM 96.7MM52 week range Shares outstanding

12.2% Fully Diluted

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The Pump• Near commercialization

• Lower capital cost and operating cost when compared with pump jacks

The Market• Nearly 20,000 Oil wells (Bakken, Shaunavon, Cardium, Viking, Niobrara, etc.) where pump jacks are

used to produce oil have been identified as candidates

• In Canada alone, 90% of all new wells are drilled for oil and 88% of all new wells are drilledhorizontally

• 750,000 pump jacks already in use in North America

The Opportunity• Exposure to a high growth company with pivotal operational catalysts on the horizon

• Agreement in place with large oil company with first commercial version of the Pump installedJanuary, 2016

• Ongoing discussions with other clients to install additional Pumps

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Increases in directional drilling, and horizontal wells in particular, have created new challenges:

• Bends in the well create points of contact between the rod string and the production tubing;• Rod string suffers excessive wear as it cycles up and down 3 million times per year, leading to

eventual failure of the rods and occasionally the production tubing;• Limited advancements in pumping technology are creating rising costs to produce oil.

Critical points of contact in oil wells that

result in excessive wear and eventual failure of rod

strings.

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The Linear Electromagnetic Submersible Pump (the “Pump”):

No immediate competition for this technology

Reciprocating pump is a modified industry standard rod-pump

Powered by permanent magnet motor - magnets lose only 1% of magnetism over 10 year period

No external moving parts; everything moves internally in the Pump housing

2nd Generation Pump improved with 25% more power & 50% less friction than prototypes

Recent run times indicate 92% efficiency vs. 80% in traditional rod pumps

Ideal for light oil, shallow horizontal wells - can be set inside the horizontal section in a well

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The Pump effectively:

Eliminates surface lifting equipment (pump jack)Smaller footprint means reduced construction costs, lower environmental impact, and lower impact on farming and ranching.

Eliminates sucker rodsWorn and broken sucker rods can cost clients up to $153,000(3) annually to maintain, including the oil not being produced during failures.

Eliminates leaking wellheadsWellheads typically leak oil at the ‘stuffing box’ (the seal around the sucker rod). This is a chronic environmental issue with pump jack operations.

(3) Footnotes included in Appendix as endnotes 8

• Low cost manufacturing, attractive margins, and ability to quickly scale-up

• Simple installation in the field & limited maintenance required for producers

• Compelling in oil price downturn - lower cost installation and maintenance comparedto pump jacks

• Divergent’s management team has hands-on experience building companies andgenerating value for owners; supported by strong and committed board

7,500candidate wells identified

in Saskatchewan

9,500candidate wells identified

in North Dakota

Viking, Cardium, Slave Point Bakken, Viking,

Shaunavon, Spearfish

UintaBasin Niobrara, Powder River

Basin

Poza Rica

Initial Target Markets in North America

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Installed in client oil well in Southeast Saskatchewan January, 2016

• 23 days of total run time.

• 92% pump efficiency* at production rates of 20.4 m3/d (128 bbl/d) exceedingexpectations.

*Typical industry rod pumps run at an efficiency rating of 80% and would be expected to deliver 17.8 m3/d(112 bbl/d) under similar conditions.

• Resolution of minor operational interruptions* have armed Divergent withsignificant learnings about optimal Pump parameters.

*A decoupling of the pump shaft from the motor occurred, believed to be caused by settings in the controlsystem’s software – software settings have been adjusted to eliminate a repeat occurrence.

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Run time success to date supports order of additional Pumps

• Additional Pumps ordered using proceeds from the private placement financing

• Next shipment of Pumps expected to arrive by May 18th

• Further installations in additional wells expected in May/June with opportunity toestablish new client agreements

• Secured new commercial terms from the Pump manufacturer for this shipment

• Demonstrates alignment with manufacturer on need to remove barriers to rapidcommercialization of Pump

• Additional term improvements to be established as purchase volumes increase

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*Source: Internal Estimates of ESP Products & Services for dewatering Powder River Basin gas wells

Divergent’s Wyoming Electric Submersible Pump (“ESP”) operation is…

Cash flow positive for the past 12 consecutive quarters

Exceeding expected activity levels - Q4 2015 set a five-year record for quarterly revenues

Largest Provider* of ESP’s for gas producers in the Powder River Basin

Increasing market share each quarter

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2013 2014 2015 2016

Mar

ket S

hare

Divergent Competitor 1 Competitor 2 Competitor 3

Results of Pump performance

Continue operations in Wyoming and potential introduction of thePump in Powder River Basin

Continued business development to operators in other oil fields

Agreements with additional new operators to install and test the Pump

Expansion of Pump inventory based on increased client demand

Clear line of sight to profitability

Pump Results

Pump Orders Increase

Pump Lands in SKStaging Yard

Pump Installed

Commercialization & Ramp Up

2015

2016 & Beyond

DebentureResolution

Pump Testing by Additional Clients

Client Base Expansion

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PUMP

MARKET

OPPORTUNITY

• Approaching commercialization• Cost-effective & efficient• Low environmental footprint

• All horizontal oil plays will need artificial lift• Sizeable & growing target market (7,500

wells in SK & 9,500 in ND)• Application in other basins & plays globally

• Significant near-term catalysts• First commercial version of the Pump

installed in January 2016• Agreement with large oil company +

discussions ongoing with others

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Divergent Energy Services Corp.Corporate Office

1170, 800 – 6th Ave SWCalgary Alberta T2P 3G3T: 403.543.0060

F: 403.543.0069www.divergentenergyservices.com

Changing the way clients produce energy

TSXV: DVG

APPENDICES

1. The Pump uses a modified industry standard reciprocating pump currently used with pump jacks, known as a rod pump. The pumpis driven by an electromagnetic motor that uses permanent magnets to create thrust to move the shaft of the motor in areciprocating, or linear, motion. Permanent magnets maintain their strength almost indefinitely, losing approximately 1% of theirstrength every 10 years.

2. Annual Rod Pump Cost Assumptions:• Rod Strings $20 per meter;• 10% of string replaced after a failure event;• Service Rig $12,000 per day, 2 days per failure event;• 5 days lost production per rod failure;• rod string failure rate of 4 failures annually.• Oil price of $45/bbl and production rate of 50 bbl/day;

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Current Technology Drawbacks Linear Electromagnetic Submersible Pump Benefits (the “Pump”)

Surface lifting equipment (Pump Jack) has a high capital cost and requires a large footprint

The Pump has a lower capital cost, reduces construction costs due to no surface lifting equipment

Rod strings in deviated and horizontal wells cause excessive wear due to rubbing against the tubing

No external moving parts means that the Pump can be placed in deviated and horizontal wells as easily as vertical wells

Rods strings wear from the 3,000,000 annual up/down cycles, which can cost up to $153,000(3)

annually to maintain, including the oil not being produced during failures

No rod string, no external moving parts. Everything moves internally in the Pump housing

Mechanical inefficiencies and variable power draw can lead to high electricity costs

Permanent magnet motors run on low Amps with no mechanical gears to reduce efficiency

Leaking wellheads around the rod (from the “stuffing box”) is common Seal not an issue - no moving parts exit the wellhead

* The Pumpjack was invented in 1925 by Walter Trout, an employee of Lufkin Foundry and Machine

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Electric Submersible Pump (ESP)Conventional pump technology.

Rotating pump with multiple impellers.Pumps moderate to high volumes of fluids.

24 m3/d (150 bbl/d) to 24,600 m3/d (150,000 bbl/d).

Electric Submersible Progressing Cavity PumpAlso called screw or Moineau pumps.

Heavy oil, high sand production, gassy wells.Now deployed as a submersible pump system.

Eliminates surface motors and costly rod string wear.

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Linear Electro-Magnetic Submersible Pump (The Pump)Permanent magnet motor technology.

Reciprocating pump (similar to rod pumps).Ideally suited for deviated and horizontal oil wells.

An alternative to conventional pump jack installations.

Twelve Months Ended December 31

2015 2014 % Change

Revenue $5,768 $6,133 (6%)

Gross Profit $1,639 $1,916 (14%)

Net Earnings (Loss) ($5,455) ($5,662) 4%

Earnings (Loss) per share- Basic and Diluted ($0.06) ($0.06)

Three Months Ended December 31

2015 2014 % Change

Revenue $1,969 $1,360 45%

Gross Profit $324 $406 (20%)

Net Earnings (Loss) ($1,005) ($2,093) 52%

Earnings (Loss) per share- Basic and Diluted ($0.01) ($0.02)

Comparative Results: All amounts in USD thousands, except per share amounts and as noted.

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As at December 31, 2015

Cash and Cash Equivalents $77

Property, Equipment and Trademark $750

Debentures (in CAD, due December 31, 2017) $5,750

As at April 22, 2016

Shares 96,740,395

Warrants 5,750,000

Options 8,150,000

Fully Diluted 110,640,395

Market Cap. ($CAD) $25.6 million

All amounts in USD thousands, except per share amounts and as noted.

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Ken Berg, P.Eng. – President & CEOPrevious - Sanjel, Amoco Petroleum, Dome Petroleum

Scott Hamilton, CPA, CA – CFO & Corporate SecretaryPrevious - Solana Resources, Crossfire Energy Services, Inc., Brahma Compression Ltd.

Management Team Board of Directors

Management team brings decades of experience in the energy services arena Background of the team ideal to move product to commercialization and capture ongoing market

share from existing and outdated pump jack technology Alignment with shareholders and strong corporate governance

Scott Berry – ChairmanPast Executive Director of Empowering Minds

Kenneth BaganDirector of Trican Well Services, past Director of PSAC, Member ICD

John GrisdalePast President of CanAir Nitrogen; Past President of US Division, Calfrac

Martin HallDirector of Karnalyte; Past Sr VP Finance & CFO of Tesco Corporation

Robert RieckenVP Drilling, Completions, Construction, and Supply Chain, Talisman Energy / Repsol

Ken BergPresident & CEO, Divergent

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$-

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

2013 20152014

Dec Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Apr

Aug 2014:Q2 results + 5 Pumps ready to ship to Canada. New BD Manager hired

Dec 2014: Extends maturity of outstanding debentures to Dec 31, 2015

Aug 2015:Q2 Results reported; WY activity levels & market share beat estimates

Dec 2013:$5MM Debenture Issue Announced

June 2015Ops update + SK operations facility identified

Mar 2014:Final tranche of Debenture ($597k); total gross proceedsof $5.75MM

Jun 2014:Shareholders approve name change to Divergent (previously Canadian Oilfield Solutions Corp)

Dec 2014:Signed 3 year extension to exclusive rights to Linear Motor technology with manufacturer

Feb 2015:Signed 5 year service agreement for Pump with large oil company; 1st

candidate well identified

Mar 2015:Pump test commences

2016

Jan 2016: Pump installed in client oil well in SE SK

Nov 2015: Pump landsin SK for client installation

Dec 2015: Debentures extended to Dec 2017, and amended to allow interest payments in shares

Mar 2016: Pump efficiency exceeded expectations but was removed from well to investigate impact of 3rd party problems on Pump

Apr 2016: Closes private placement raising $244k total

Divergent Energy Services Corp.Corporate Office

1170, 800 – 6th Ave SWCalgary Alberta T2P 3G3T: 403.543.0060

F: 403.543.0069www.divergentenergyservices.com

TSX-V: DVG

Changing the way clients produce energy