Surmont Energy Ltd. and the Wildwood ProjectSurmont Energy Ltd. (Surmont) is a privately owned, junior oil sands company founded in 2011 and headquartered in Calgary, Alberta. Surmont owns interests in oil sands leases in northern Alberta, located approximately 70 km south of Fort McMurray and close to major regional highways and infrastructure.

Surmont’s leases consist of 19 contiguous sections of land (approximately 12,000 acres) and are located in sections 19, 20-82-8W4 and sections 24, 25 and 36-82-9W4 (shown in yellow on the map on the next page). We hold an 80% interest in the 19 sections and our partner company, Bounty Developments Ltd., holds the other 20%.

Surmont’s Wildwood Project will recover the bitumen oil sand resources from these leases by drilling wells and injecting steam into those wells, as the bitumen resources are too deep to be mined from the surface. This process is called Steam-Assisted Gravity Drainage (SAGD), and is the most commonly used underground oil sands technology in the region. SAGD has much less surface impact than surface mining.

Surmont’s Corporate PhilosophyWe are committed to developing resources in a safe, sustainable and environmentally responsible manner, and dedicated to consulting with local communities, Aboriginal groups and other stakeholders that are potentially a�ected by our activities. Understanding the concerns of the local community helps us to identify and address any issues or concerns related to our development.

Our core values, which serve as the foundation of all areas of our activities, are honesty, respect, teamwork and a solid commitment to excellence.

Activity completed to dateDuring our 2011/2012 winter exploration program, Surmont completed 13 km of 3-D seismic and a 10-well corehole drilling program. The results of the work done to date have identi�ed su�cient bitumen to justify proceeding with an oil sands project.

2

Surmont’s Wildwood SAGD ProjectSurmont is proposing to initially construct and operate an approximately 12,000 barrel per day (bpd) project, including a central processing facility, 3-5 well pads with approximately 6-8 well pairs per pad, and several water source wells, along with associated infrastructure such as roads and pipelines.

Surmont plans to use existing infrastructure and previously disturbed areas, such as roads and utility corridors, wherever practical for the Wildwood Project. Both steam and power will be generated on site, using natural gas fuel. Water will be used for operations, including steam generation. Water conservation is an important part of Surmont’s commitment to developing the resource responsibly.

The proposed Wildwood Project will develop about 5 of the 19 sections of Surmont’s leases.

Oil Sands Technology DetailsSteam-Assisted Gravity Drainage, or SAGD, is a process used to remove bitumen from in situ oil sands deposits that are too deep to mine from the surface. At Surmont’s Wildwood Project, these oil sands are at a depth of about 460 metres.

The SAGD process involves drilling a horizontal well through the underground oil sands layer, with this well located just above the bottom of the oil sands layer (called a “producer well”). A horizontal “injector well” is drilled a few metres above the producer well. The two wells together are generally referred to as a SAGD “well pair”. The process works by injecting steam into the injector well, so that the bitumen around the well pair is heated enough to �ow by gravity into the producer well below. The �uid in the producer well is transferred to a surface processing facility, where the bitumen, steam condensate, produced water and gases are separated and appropriately treated.

Regulatory ProcessSurmont is applying to Alberta Environment and Sustainable Resource Development (AESRD) and the Energy Resources Conservation Board (ERCB) to construct, operate and reclaim the proposed Wildwood Project. The project will require approvals under the Environmental Protection and Enhancement Act and the Oil Sands Conservation Act.

ScheduleSurmont has commenced environmental �eld studies that will be used to prepare the Project Application and plans to submit the application in the fall of 2012.

The actual timing of the proposed Wildwood Project will depend on the outcome and schedule of the regulatory process and requirements arising from that process. Surmont is currently proposing that �rst steam injection will occur early 2015 and bitumen production a few months later.

Key Environmental DetailsWe are committed to being a good neighbour in the communities where we operate. We believe it is our duty to operate in ways that are safe and environmentally responsible. This includes minimizing surface disturbance by using existing infrastructure and previously disturbed areas wherever practical. The Project will include produced water recycling facilities to minimize the amount of water consumed.

As part of our application we will be conducting studies to assess several environmental aspects, including:

• Air quality • Fisheries and aquatic resources • Noise • Reclamation and mitigation • Groundwater • Surface water • Historical resources

• Soils and terrain• Vegetation and wetlands• Wildlife

Economic Bene�ts and OpportunitiesThe Wildwood Project will add to the local, Alberta, and wider economy in many ways during project construction and operations, by providing employment and through taxes and royalties. A process will be developed to ensure that opportunities created by this project are made available to local communities and Aboriginal groups.

Contact Information

Surmont Energy Ltd.Wildwood Projectc/o Calliou Group916B – 16th Ave NWCalgary, AlbertaT2M 0K3

For more information please contact: Gordon D. HoldenCell: 403.807.2397 orgholden@surmontenergy.com

Kathrin JanssenCell: 403.796.3089kathrin.janssen@calliougroup.com

Surmont’s Consultation Process/CommitmentsSurmont is committed to consulting with potentially a�ected Aboriginal groups and other public stakeholders near our Project. Throughout the consultation process, we will strive to identify and address issues and concerns about our operations.

Surmont is committed to considering both public stakeholders and Aboriginal groups when planning our Wildwood Project. Our program is based upon mutual respect and will recognize the value of concerns and the input provided.