Investor Presentation Date: November 2010

Mako Energy Limited is a Canadian based oil & gas business ­ developing the existing production assets and with significant blue sky exploration potential.

ASX Code: MKE

Disclaimer

This document is provided solely for use by prospective investors in considering their interest in making an investment in the opportunity discussed. This document is not a prospectus and neither does it constitute an offer or an invitation to any section of the public to subscribe for or purchase any equity in Mako Energy Limited or any associated entities.

All references to dollars, cents or $ in the presentation are to Australian currency unless otherwise stated. References to “Mako” or “Mako Energy” may be references to Mako Energy Limited or its applicable or planned subsidiaries. Unless otherwise noted, all references to reserves and resources figures represent Mako’s interest in such reserves or resources.

This document has been prepared to assist prospective investors in making their own evaluation of the investment opportunity but does not purport to contain all the information that a prospective investor may require in reaching its own decision. Any prospective investor should undertake their own inquiries, investigation and analysis of the opportunity and the information contained in this Document prior to making a decision to invest.

Although all due care has been taken in the preparation of this Document, much of the information provided has not been independently verified. Although Mako has no reason to doubt the accuracy of the information provided, no statement should be relied upon as a statement of fact. Mako makes no representation or warranty as to the accuracy or completeness of this Document or any other written or oral communication transmitted to prospective investors in the course of their evaluation of the opportunity, and disclaims all liability for any representations (express or implied) contained in, or for errors or omissions from, the same.

Prospective investors are advised to seek their own professional advice on the legal, financial and taxation consequences of investing in the opportunity.

ASX Code: MKE

Company Overview

Canadian Sedimentary Basin Oil and Gas Company

Assets 3.7 M bbls P2 Resource 300 M bbls OIIP 40 M bbls Recoverable

Diversified product stream and risk profile: Medium­heavy oil; light oil; and liquids rich natural gas;

Highly experienced local team with over 35 years of successful operational experience

Listed on the ASX – August 2010 raising AUD$4M – Canadian dual­listing Q1 2011

1000 boepd production target by end of 2010

Canadian Sedimentary Basin Oil and Gas Company

Assets 3.7 M bbls P2 Resource 300 M bbls OIIP 40 M bbls Recoverable

Diversified product stream and risk profile: Medium­heavy oil; light oil; and liquids rich natural gas;

Highly experienced local team with over 35 years of successful operational experience

Listed on the ASX – August 2010 raising AUD$4M – Canadian dual­listing Q1 2011

1000 boepd production target by end of 2010

ASX Code: MKE

Capital Structure

Code MKE

Shares 100 m

Trading Range $0.19 ­ $0.37

Option 75.0 m @ 25 cts

Price $0.34

Market Cap’n $34 m

Net Cash (est) $2 m

ASX Code: MKE

Assets & Projects

Balanced portfolio of assets in Alberta and Saskatchewan.

First group of assets return early production, positive net cash flow and fund development of further Building assets or Growth assets. They present a lower risk/reward profile and grow at a more predictable rate.

Second group of assets are larger in scale, higher in risk/reward and offer the Company high impact growth on realisation.

Balanced portfolio of assets in Alberta and Saskatchewan.

First group of assets return early production, positive net cash flow and fund development of further Building assets or Growth assets. They present a lower risk/reward profile and grow at a more predictable rate.

Second group of assets are larger in scale, higher in risk/reward and offer the Company high impact growth on realisation.

ASX Code: MKE

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SEASAWS – Medium Gravity Oil Provost

2.2 M bbls recoverable reserves (ISIS)

75,000 bbl recoverable reserves per well

Business plan in place for 20 well development of lands

Low drilling costs CAD $350,000 to $400,000 per well

CAD $29M risked valuation

Facilities completed 1 October Production well testing commenced and reservoir production confirmed Battery now constructed

Expected production ­ bopd

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Internal reserve figures are as at the evaluation date of March 16, 2010. Values based on McDaniel and Associates January 1, 2010 forecast price deck

2.2 M bbls recoverable reserves (ISIS)

75,000 bbl recoverable reserves per well

Business plan in place for 20 well development of lands

Low drilling costs CAD $350,000 to $400,000 per well

CAD $29M risked valuation

Facilities completed 1 October Production well testing commenced and reservoir production confirmed Battery now constructed

Projected Cashflow

ASX Code: MKE

Further Prospects

Crown land has been acquired on 7 prospects – 11½ Sections (2900ha)

80M bbls potential oil in place – (ISIS)

10% of OIIP estimate for ‘Recoverable’

CAD $23 MM risked value – (Strachan)

40+ additional prospects identified

To be developed in conjunction with Provost

Crown land has been acquired on 7 prospects – 11½ Sections (2900ha)

80M bbls potential oil in place – (ISIS)

10% of OIIP estimate for ‘Recoverable’

CAD $23 MM risked value – (Strachan)

40+ additional prospects identified

To be developed in conjunction with Provost

ASX Code: MKE

Kaybob

2 Sections with recoverable reserves a minimum of 12 ­ 20 Bcf of liquid rich gas (100 bbls/mmcf of condensates)

Initial production rate 1000 boepd

Recoverable Reserves of 1.55M boe net Independent NPV of $16 million assuming a discount rate of 10%

Additional well available on adjacent Section and additional land potential 3D seismic indicates significant development potential for formation

2 Sections with recoverable reserves a minimum of 12 ­ 20 Bcf of liquid rich gas (100 bbls/mmcf of condensates)

Initial production rate 1000 boepd

Recoverable Reserves of 1.55M boe net Independent NPV of $16 million assuming a discount rate of 10%

Additional well available on adjacent Section and additional land potential 3D seismic indicates significant development potential for formation

Total on­stream costs CAD $1.5 MM

Initial production rate 1,000 boepd

Annual decline rate 14%

Operating costs CAD $14.00/boe

Netback CAD $33.00/boe

IRR >500%

Peak production (2011) 800 boepd

Peak annual cash­flow (2011) CAD $6M

ASX Code: MKE

Kaybob South

West Central Alberta Reefs

Large Devonian Age Reef Complex.

Historically developed in Leduc and Nisku zones.

Management has prior experience with Nisku and Blueridge wells on the Windfall complex.

Management has discovered and developed 6500 boepd in Kaybob area in the 1990’s.

Large Devonian Age Reef Complex.

Historically developed in Leduc and Nisku zones.

Management has prior experience with Nisku and Blueridge wells on the Windfall complex.

Management has discovered and developed 6500 boepd in Kaybob area in the 1990’s.

ASX Code: MKE

Kaybob South Well Economics

Total on­stream costs $1.5 M Initial production rate 1000 boepd Recoverable reserves 1.55M boe Annual decline rate 14% Operating costs CAD$14.00/boe Netback CAD$33.00/boe Before tax NPV $28 M Independent valuation of $16 M fully risked NPV 10 after tax IRR >500%

Production ­ boepd

Total on­stream costs $1.5 M Initial production rate 1000 boepd Recoverable reserves 1.55M boe Annual decline rate 14% Operating costs CAD$14.00/boe Netback CAD$33.00/boe Before tax NPV $28 M Independent valuation of $16 M fully risked NPV 10 after tax IRR >500%

Managements assumptions have been risked, and are based on historical analogous wells in the area. First well on production year end 2010 Values based on McDaniel & Associates January 1, 2010 forecast price deck. Except as otherwise noted the reserve figures are as at June 21, 2010 and represent the Mako interest in such reserves or resources.

Operating Cash Flow ­ $MM

ASX Code: MKE

Central Alberta Resource Project

Mako has exercised exclusive option to acquire and operate a significant JV land base:

Extensive land position in known productive zone analogous to “Cardium”; ‘Horizontal multi­frac’d development;’; 7 significant project areas, with between 5 and 15 contiguous or ‘grouped’ blocks per project area; 30 net Sections (7680ha) owned by Mako § 84% WI with Related Company in 24 Sections; and § 25% WI in 42 Sections with WA private equity ‘land­bank’.

Typical profile of Project per Section of this prospect is:

2300 metres depth; Historical IP from vertical wells was 50 boepd, stable production at 25 boepd; Horizontal well expected to IP 400 boepd and decline to 100 boepd; Original oil in place of 7 million barrels per section; Recoverable reserves of 300,000 barrels per well; Capital cost of CAD $3.5 million for drilling and completion costs; 4 well drilling potential per Section.

Mako has exercised exclusive option to acquire and operate a significant JV land base:

Extensive land position in known productive zone analogous to “Cardium”; ‘Horizontal multi­frac’d development;’; 7 significant project areas, with between 5 and 15 contiguous or ‘grouped’ blocks per project area; 30 net Sections (7680ha) owned by Mako § 84% WI with Related Company in 24 Sections; and § 25% WI in 42 Sections with WA private equity ‘land­bank’.

Typical profile of Project per Section of this prospect is:

2300 metres depth; Historical IP from vertical wells was 50 boepd, stable production at 25 boepd; Horizontal well expected to IP 400 boepd and decline to 100 boepd; Original oil in place of 7 million barrels per section; Recoverable reserves of 300,000 barrels per well; Capital cost of CAD $3.5 million for drilling and completion costs; 4 well drilling potential per Section.

ASX Code: MKE

Investment Drivers

Mako Energy offers:

Strong range of assets/production growth with exceptional ‘Resource Play’ upside.

Recoverable resource of 40 million barrels.

Early strong cash flow from production.

Tight capital management and demonstrable growth through ‘internal’ funding

Tight capital structure with price significantly below independently valued, and risked, asset backing.

Management and operations with a long history of success in delivering both exploration and operations.

Diversity of product and revenue streams.

Currently owned assets to deliver on Company goal of 20,000 boepd.

Mako Energy offers:

Strong range of assets/production growth with exceptional ‘Resource Play’ upside.

Recoverable resource of 40 million barrels.

Early strong cash flow from production.

Tight capital management and demonstrable growth through ‘internal’ funding

Tight capital structure with price significantly below independently valued, and risked, asset backing.

Management and operations with a long history of success in delivering both exploration and operations.

Diversity of product and revenue streams.

Currently owned assets to deliver on Company goal of 20,000 boepd.

ASX Code: MKE

Board & Management

Simon Owen, Chairman Simon Owen has over 22 years of experience as a corporate and commercial lawyer and corporate advisor with particular focus upon business development. Commencing with Blake Dawson Waldron in 1988, he has held positions as in­house counsel for JLV Industries Pty Ltd, a principal of his own firms for 10 years and subsequently as a consultant for Tottle Christensen and Gadens lawyers (WA). He currently leads the Corporate division of Gadens Lawyers (WA).

In his capacity as a legal and corporate advisor he has over 20 years experience in the resources industry both within Australia and internationally.

His various roles (both as an advisor and a Chairman/Director) have provided extensive experience in strategic planning, corporate finance, negotiating and structuring acquisitions, establishing and managing joint ventures and regulatory compliance in various jurisdictions.

Paul Griese, Managing Director Paul Griese has over 25 years experience as a finance and restructuring lawyer and business advisor. Serving in executive positions within a major US financial institution (Metropolitan Life Insurance Company) and subsequently with a European based private equity firm (Plaza B.V.). He has led major, multi­national finance and restructuring projects across a broad range of industries including, infrastructure, real estate, insurance, transportation and natural resources.

As the senior operating officer of a merchant banking unit and currently as principal of an advisory firm, Mr. Griese has led the formulation and growth of banking, technology, mining and commercial property development companies with particular expertise in the area of emerging markets and cross border securities and finance.

Mr. Griese has served in the capacity of executive and non­executive director of several listed and non­listed companies, audit committee chair, lobbyist and investment advisory chair. Mr. Griese is currently a principal of a business advisory company and a former director of Harness Petroleum Inc.

Simon Owen, Chairman Simon Owen has over 22 years of experience as a corporate and commercial lawyer and corporate advisor with particular focus upon business development. Commencing with Blake Dawson Waldron in 1988, he has held positions as in­house counsel for JLV Industries Pty Ltd, a principal of his own firms for 10 years and subsequently as a consultant for Tottle Christensen and Gadens lawyers (WA). He currently leads the Corporate division of Gadens Lawyers (WA).

In his capacity as a legal and corporate advisor he has over 20 years experience in the resources industry both within Australia and internationally.

His various roles (both as an advisor and a Chairman/Director) have provided extensive experience in strategic planning, corporate finance, negotiating and structuring acquisitions, establishing and managing joint ventures and regulatory compliance in various jurisdictions.

Paul Griese, Managing Director Paul Griese has over 25 years experience as a finance and restructuring lawyer and business advisor. Serving in executive positions within a major US financial institution (Metropolitan Life Insurance Company) and subsequently with a European based private equity firm (Plaza B.V.). He has led major, multi­national finance and restructuring projects across a broad range of industries including, infrastructure, real estate, insurance, transportation and natural resources.

As the senior operating officer of a merchant banking unit and currently as principal of an advisory firm, Mr. Griese has led the formulation and growth of banking, technology, mining and commercial property development companies with particular expertise in the area of emerging markets and cross border securities and finance.

Mr. Griese has served in the capacity of executive and non­executive director of several listed and non­listed companies, audit committee chair, lobbyist and investment advisory chair. Mr. Griese is currently a principal of a business advisory company and a former director of Harness Petroleum Inc.

ASX Code: MKE

Board & Management Graham Douglas Anderson, Non­Executive

Mr Graham Anderson is a graduate of Curtin University and has over 25 years commercial experience as a Chartered Accountant. He operates his own specialist accounting and management consultancy practise, providing a range of corporate advisory and audit services to both public and private companies. From 1990 to 1999 he was an audit partner at Horwath Perth. He is a Director and Company Secretary of a number of listed and unlisted public companies in both the resource and industrial sectors. He is a Chairman and Company Secretary of ASX listed APA Financial Services Limited, Chairman of Ethan Minerals Limited, Director of Dynasty Metals Australia Limited, Echo Resources Limited, and Pegasus Metals Limited and is Company Secretary of these companies and a number of other ASX listed companies.

Curt Hartzler, CEO and President, Board of Directors Canadian Operations

Curt Hartzler has been the President and CEO of Harness Petroleum Inc. since December, 2009. He is an Engineer with more than 35 years of experience in oil and gas operations, evaluations and senior management roles for both private and public Canadian energy companies. Prior to Harness, Mr. Hartzler was the founding President and CEO of G2 Resources Inc. from 2005 to 2009, a TSX listed junior oil and gas company with a focus on gas in the Deep Basin area of west­central Alberta. From 2003 to 2005, Mr. Hartzler was the founding President and CEO of Goose River Resources Ltd., which developed and optimized an oil pool at Redwater, Alberta, earning an 80%+ rate of return for the shareholders. From 2001 to 2003 Mr. Hartzler served as Chairman of the Advisory Board for Rosetta Exploration Ltd., a public oil and gas exploration company with a mandate to explore for large oil and gas accumulations in the Western Canadian Sedimentary Basin. This responsibility included the assembly of a group of technical experts who reviewed the geological, geophysical and engineering aspects of the exploration projects and presented their recommendations to the Rosetta Board of Directors. From 1991 to 2001, Mr Hartzler was President of Birchill Resources Ltd, a private oil and gas company. He was hired to recruit new staff and rebuild a failing investment of $60 million which has deteriorated to a value of $30 million. By 2001 when the company was sold the company had grown to a value of $250 million while returning $120 million of dividends and was producing 8500 boepd.

Graham Douglas Anderson, Non­Executive Mr Graham Anderson is a graduate of Curtin University and has over 25 years commercial experience as a Chartered Accountant. He operates his own specialist accounting and management consultancy practise, providing a range of corporate advisory and audit services to both public and private companies. From 1990 to 1999 he was an audit partner at Horwath Perth. He is a Director and Company Secretary of a number of listed and unlisted public companies in both the resource and industrial sectors. He is a Chairman and Company Secretary of ASX listed APA Financial Services Limited, Chairman of Ethan Minerals Limited, Director of Dynasty Metals Australia Limited, Echo Resources Limited, and Pegasus Metals Limited and is Company Secretary of these companies and a number of other ASX listed companies.

Curt Hartzler, CEO and President, Board of Directors Canadian Operations

Curt Hartzler has been the President and CEO of Harness Petroleum Inc. since December, 2009. He is an Engineer with more than 35 years of experience in oil and gas operations, evaluations and senior management roles for both private and public Canadian energy companies. Prior to Harness, Mr. Hartzler was the founding President and CEO of G2 Resources Inc. from 2005 to 2009, a TSX listed junior oil and gas company with a focus on gas in the Deep Basin area of west­central Alberta. From 2003 to 2005, Mr. Hartzler was the founding President and CEO of Goose River Resources Ltd., which developed and optimized an oil pool at Redwater, Alberta, earning an 80%+ rate of return for the shareholders. From 2001 to 2003 Mr. Hartzler served as Chairman of the Advisory Board for Rosetta Exploration Ltd., a public oil and gas exploration company with a mandate to explore for large oil and gas accumulations in the Western Canadian Sedimentary Basin. This responsibility included the assembly of a group of technical experts who reviewed the geological, geophysical and engineering aspects of the exploration projects and presented their recommendations to the Rosetta Board of Directors. From 1991 to 2001, Mr Hartzler was President of Birchill Resources Ltd, a private oil and gas company. He was hired to recruit new staff and rebuild a failing investment of $60 million which has deteriorated to a value of $30 million. By 2001 when the company was sold the company had grown to a value of $250 million while returning $120 million of dividends and was producing 8500 boepd.

ASX Code: MKE

Board & Management cont. George Watson, Board of Directors, Canadian Operations

Mr. Watson has been the Executive Chairman of Critical Control Solutions Corp. since September, 2007 and also served as Chief Executive Officer of the corporation from July 2002 until September, 2007.

Mr. Watson is the former President and CEO of TransCanada Pipelines Ltd. (from March 1993 to July 1999). Prior to his role as CEO of TransCanada, Mr. Watson also served as CFO (from June 1990 to March 1993). He has more than 35 years of experience in the oil patch, including positions at Dome Petroleum and as CEO of Intensity Resources Ltd.

Mr. Watson sits on the boards of Teekay LNG LLP, Badger Income Trust, Fortress Energy Inc., Canadian Spirit Energy Inc., and Poplar Creek Resources Inc. Former directorships include the Conference Board of Canada, the Interstate Natural Gas Association of America, the Canadian Energy Pipelines Association, Queen’s University, Calgary Olympic Development Association (CODA), Equitorial Energy Inc., Puget Energy Inc., TGS North American Real Estate Investment Trust, TransCanada Pipelines and subsidiaries, as well as the Toronto Dominion Bank plus many other small entities.

Mr. Watson holds a Bachelor of Science (Engineering) degree and MBA from Queens University, as well as, an A.M.P. from Harvard, and has completed the Stanford Law School Director’s Program.

Jamie Jeffs, CFO Mako Energy Canada Ltd

Jamie Jeffs is the Chief Financial Officer of Mako Energy Canada Limited. He is a Chartered Accountant with over 20 years of finance, accounting, and auditing experience in the oil and gas industry.

Mr. Jeffs was the Chief Financial Officer of Fortress Energy Ltd., a TSX listed oil and gas company from July 2005 to September 2010. Prior thereto he was the VP Finance of CriticalControl Solutions Corp., a TSX Venture listed technology and service provider to the oil and gas industry. Prior thereto, Mr. Jeffs was a Senior Manager in the Assurance division of KPMG LLP. Mr. Jeffs is a member of the Institutes of Chartered Accountants of Alberta and Ontario and has a Bachelor of Mathematics degree from the University of Waterloo.

George Watson, Board of Directors, Canadian Operations

Mr. Watson has been the Executive Chairman of Critical Control Solutions Corp. since September, 2007 and also served as Chief Executive Officer of the corporation from July 2002 until September, 2007.

Mr. Watson is the former President and CEO of TransCanada Pipelines Ltd. (from March 1993 to July 1999). Prior to his role as CEO of TransCanada, Mr. Watson also served as CFO (from June 1990 to March 1993). He has more than 35 years of experience in the oil patch, including positions at Dome Petroleum and as CEO of Intensity Resources Ltd.

Mr. Watson sits on the boards of Teekay LNG LLP, Badger Income Trust, Fortress Energy Inc., Canadian Spirit Energy Inc., and Poplar Creek Resources Inc. Former directorships include the Conference Board of Canada, the Interstate Natural Gas Association of America, the Canadian Energy Pipelines Association, Queen’s University, Calgary Olympic Development Association (CODA), Equitorial Energy Inc., Puget Energy Inc., TGS North American Real Estate Investment Trust, TransCanada Pipelines and subsidiaries, as well as the Toronto Dominion Bank plus many other small entities.

Mr. Watson holds a Bachelor of Science (Engineering) degree and MBA from Queens University, as well as, an A.M.P. from Harvard, and has completed the Stanford Law School Director’s Program.

Jamie Jeffs, CFO Mako Energy Canada Ltd

Jamie Jeffs is the Chief Financial Officer of Mako Energy Canada Limited. He is a Chartered Accountant with over 20 years of finance, accounting, and auditing experience in the oil and gas industry.

Mr. Jeffs was the Chief Financial Officer of Fortress Energy Ltd., a TSX listed oil and gas company from July 2005 to September 2010. Prior thereto he was the VP Finance of CriticalControl Solutions Corp., a TSX Venture listed technology and service provider to the oil and gas industry. Prior thereto, Mr. Jeffs was a Senior Manager in the Assurance division of KPMG LLP. Mr. Jeffs is a member of the Institutes of Chartered Accountants of Alberta and Ontario and has a Bachelor of Mathematics degree from the University of Waterloo.

ASX Code: MKE

Board & Management cont.

Manfred Rockel, VP Exploitation, Mako Energy Canada Ltd Manfred Rockel is the V.P. Exploitation of Harness Petroleum Inc. Mr. Rockel is an Engineer with over 20 years of experience in reservoir engineering, evaluations, and field optimization.

From 2008 to 2010 Mr. Rockel was a consulting engineer providing expert witness testimony in support of ERCB Applications, licensing critical sour gas wells, and integrating geological and geophysical data with engineering for well optimization and field development.

From 2006 to 2008, Mr. Rockel was the V.P. Engineering for G2 Resources Inc., a TSX listed junior oil and gas company. Mr. Rockel was responsible for all company engineering operations including drilling, completions, production, and reserves evaluations.

From 2001 to 2006, Mr. Rockel was the V.P. Engineering for Goose River Resources Ltd., also a TSX listed junior oil and gas company. Mr. Rockel was responsible for all engineering related operations at the company.

From 1993 to 2001 Mr. Rockel was a principal of a Joint Venture partner with Birchill Resources in the development of a large gas condensate field in west central Alberta. Production was increased by 6500 boepd during the course of the Joint Venture.

Mr. Rockel graduated from the University of Alberta with a Bachelor of Science in Petroleum Engineering in 1988 and graduate courses in Reservoir Engineering and Numerical Simulation at the University of Calgary. He is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA), The Society of Petroleum Engineers (SPE) and The Petroleum Society of the CIM

Manfred Rockel, VP Exploitation, Mako Energy Canada Ltd Manfred Rockel is the V.P. Exploitation of Harness Petroleum Inc. Mr. Rockel is an Engineer with over 20 years of experience in reservoir engineering, evaluations, and field optimization.

From 2008 to 2010 Mr. Rockel was a consulting engineer providing expert witness testimony in support of ERCB Applications, licensing critical sour gas wells, and integrating geological and geophysical data with engineering for well optimization and field development.

From 2006 to 2008, Mr. Rockel was the V.P. Engineering for G2 Resources Inc., a TSX listed junior oil and gas company. Mr. Rockel was responsible for all company engineering operations including drilling, completions, production, and reserves evaluations.

From 2001 to 2006, Mr. Rockel was the V.P. Engineering for Goose River Resources Ltd., also a TSX listed junior oil and gas company. Mr. Rockel was responsible for all engineering related operations at the company.

From 1993 to 2001 Mr. Rockel was a principal of a Joint Venture partner with Birchill Resources in the development of a large gas condensate field in west central Alberta. Production was increased by 6500 boepd during the course of the Joint Venture.

Mr. Rockel graduated from the University of Alberta with a Bachelor of Science in Petroleum Engineering in 1988 and graduate courses in Reservoir Engineering and Numerical Simulation at the University of Calgary. He is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA), The Society of Petroleum Engineers (SPE) and The Petroleum Society of the CIM

ASX Code: MKE

Board & Management cont.

Cam Bolter, VP Exploration Mako Energy Canada Ltd

Cam Bolter has over 16 years of experience as a Geologist in the Western Canadian Sedimentary basin.

From 2001 to May 2010 Cam was the Exploration Manager and Chief Geologist with Zapata Energy. Zapata was a tsx listed oil and gas company based in Calgary and working primarily in Alberta. Through drilling, Acquisitions and Optimization Cam was instrumental in building the company from a $10 million to $155 million dollar value when it was sold in May 2010. During that nine year period the Zapata’s production base increased from 75 to 3000 boepd.

Mr. Bolter also worked at Renaissance Energy, Pointer Exploration, Archer Resources and Dominion Energy Canada Ltd.

Cam has drilled over 200 wells in the WCSB with a success rate that exceeds 80%.

Cam Bolter, VP Exploration Mako Energy Canada Ltd

Cam Bolter has over 16 years of experience as a Geologist in the Western Canadian Sedimentary basin.

From 2001 to May 2010 Cam was the Exploration Manager and Chief Geologist with Zapata Energy. Zapata was a tsx listed oil and gas company based in Calgary and working primarily in Alberta. Through drilling, Acquisitions and Optimization Cam was instrumental in building the company from a $10 million to $155 million dollar value when it was sold in May 2010. During that nine year period the Zapata’s production base increased from 75 to 3000 boepd.

Mr. Bolter also worked at Renaissance Energy, Pointer Exploration, Archer Resources and Dominion Energy Canada Ltd.

Cam has drilled over 200 wells in the WCSB with a success rate that exceeds 80%.

ASX Code: MKE

The information in this Presentation was produced by Mr Curt Hartzler and Mr Manfred Rockel who are the President/CEO and Vice President of Exploitation, respectively, of Mako Energy Canada (the wholly owned operating subsidiary of Mako Energy Limited). It has been produced for the Mako Energy Limited (the “Company”), and at its request, for adoption by the Directors. Messrs Hartzler and Rockel have sufficient experience that is relevant to the style and nature of hydrocarbon resources and prospects under consideration, and to the activities discussed, in this document. Their academic qualifications and industry memberships appear on the Company’s website and both comply with the criteria for “Competance” under clauses 18­21 0f the Valmin Code 2005. Terminology and standards adopted by the Society of PetroleumEngineers “Petroleum Resources Management System” have been applied in producing this document.

ASX Code: MKE