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LOW CARBON ENERGY SOLUTIONS

January 25, 2021

Disclaimer

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Corporate and other information provided herein contains forward-lookingstatements and proforma calculations. The reader is cautioned that theassumptions used in the preparation of such information and calculations, whichare considered reasonable by Rainforest Energy Corp. (“RFEC”) at the time ofpreparation, may prove to be incorrect. Actual results achieved during theforecast and prior periods will vary from the information provided herein and thevariations may be material. There is no representation by RFEC that actualresults achieved during the forecast and prior periods will be the same in wholeor in part as those projected. In addition, the technologies described hereinhave risk and future results may differ materially from those anticipated.

-------------------Furthermore, this presentation shall not be construed in any mannerwhatsoever as constituting an offering of securities or other investments. Anydiscussions with potential investors, if they do occur, will be held under theappropriate professional guidance and only with those individuals or entitiesthat are classified as “exempt investors” under all applicable securities laws andregulations.

Strategic Purpose:

Transforming environmental waste into community-based business ventures.

Rainforest Energy Corp.is developing economicclean fuel projects!

Photo by Jonathan Meyers from Pexels 3

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Executive SummaryCommunity-Based Clean Fuel Projects

v Rainforest Energy is developing projects that use proven technologies to economically transform problem waste materials into quality clean fuels.

v We solve the fuel blending problem faced by petroleum refineries to meet the social objective of achieving a net zero impact on the environment.

v Inexpensive surplus power and other co-products will supply Indigenous and Rural community ventures such as greenhouses for local food security.

v Our strategic alliances and experience in managing $10 billion of energy ventures is a major competitive advantage for successful project delivery.

v Viable unlevered project economics may be achieved at modest commodity prices with no dependence on carbon credits or other biofuel incentives.

v Commmunity and Indigenous inclusion in permanent job creation in the bio-facility and connected ventures through partnerships and skills training.

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Rainforest Valueq Proven, defined skill set in developing and managing energy facility projects.

q Team know-how to ensure risk-managed and economic financial architecture.

q Proven technologies: multiple pathways to manage project delivery risk.

q Serving customer demand to achieve a net zero CO2 outcome from fuels.

q Feedstock flexibility to utilize local sources of waste biomass and methane.

q Market flexibility to address local demand for clean gasoline, diesel, propane.

q Strategic partnerships: Indigenous, agricultural, community, construction.

q Local participation through each project being owned by a unique entity.

q Circular economy achieved with community ventures using co-products.

q Skills training to ensure qualified local talent fills the job opportunities.

q Project playbook will be created to enable multiple development teams.

Methane

Co-Products For Connected Ventures(Separate Independent Operations)

Low-Cost Power

Residual Heat Clean Water

Greenhouse-Grade

150 Person-YearsConstruction Jobs40 Full-Time Jobs(>$1 million/year

revenue/job)

Rainforest Energy Facility

~$250 million capex

Proven Chemical Catalytic Reactions64-87 million litres/y

(1,100 - 1,500 b/d)

JOB CREATION GHG REDUCTION ENERGY SECURITY FOOD SECURITY

+100 Full-Time Jobs

Community Ventures

All-Year Greenhouse

Land-Based Fish Farm

Waste Biomass

Biomass Collection & Prep Venture

Rainforest Community Projects

SKILLS TRAINING & UPGRADING PROGRAM

Road-Worthy Fuel ü Attractive Quality ü No Sulfurü Low Carbon ü No Blending Limit

Min. 85% Max.15%

Bottled LPG ü Power Fuelü Cooking Fuelü Heating Fuelü Low Carbon

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Special Purpose Entity (“SPE”)

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Special Purpose

Entity

Municipalities +

Government

Rainforest Energy Corp.

(“RFEC”)

Strategic Community

PartnersProject Finance

Investors

Bio-Facility Assets

SPE owns 100%of the Bio-Facility.

RFEC operating & performance share agreement.

v Each Bio-Facility to be separately owned by an SPE.

v Customized for local regulatory and fiscal issues.

v Direct access to cash flow by project finance investors.

v SPE tailored for $250 million project finance investment.

v Strategic partners for local community engagement, including Indigenous Groups.

v Municipal/government participation to recognize unique project support.

SPE-Direct Agreements:o Tech Licenseo GHG Creditso Feedstocko Offtake

Project Play Book to enable multiple development teams.

Project Play Book

Cash Flow Model(First of >50 Identified Project Opportunities)

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Feedstock Contracts

Oyen Project:Ø Hemp ResidueØ Rail TiesØ Local StrawØ Indigenous

Natural GasØ Hog Plant

Manure Methanation

Offtake Contracts

Oyen Project:Ø Major Refineries

(gasoline)Ø LPG Bottling

(clean propane)Ø Bio-Ag Rail Park

(power, heat, water, CO2)

Overhead Recovery Fees:~C$2 million during construction~C$1 million/year during operations

Target Production Dividends: *~C$3 million/year (w/o LCFS credits)~C$8 million/year (with LCFS credits)

* Based on 10% SPE equity (TBD)

Rainforest Energy Corp.

(“RFEC”)

Operating AgreementCarried Equity Agreement

Investor Target Distributions – Oyen Project Only:Loan principal + interest payments during construction~C$2 to $7 million annual dividends after debt repaid *

Special Purpose

Entity

RFEC Investors

Loan AgreementEquity Subscription

Project Startup Budget

Oyen, Alberta Bio-FacilityAnnual Operating EBITDA:~C$30 million (no credits)~C$80 million (LCFS credits)

LCFS = Low Carbon Fuel Standard

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Project Developer FocusBurned Logging Slash

Agricultural ResidueBiomass Residue Decay

Landfilled BiomassPlastic Waste Proliferation

Feedstock ContractingClean Fuel Standards

Offtake ContractingTechnology Readiness

Market ReadinessCarbon MonetizationCommunity Inclusion

Indigenous PartnershipsGovernment EngagementProject Risk Management

Clean Energy Challenges

Reduced Carbon IntensityBetter Air QualityRisk Managed Cash FlowEconomic w/o GHG CreditsFuel Output FlexibilitySurplus Base Load PowerClean Water/Heat ProducerCO2 Capture, Use & StorageCommunity Co-Ventures:Ø GreenhouseØ Agri-VenturesØ Feedstock CollectionØ Bottled CO2, Fuels

Special Purpose Entities:Ø Unique Project OwnershipØ Unique Local PartnershipsØ Indigenous OwnershipØ Local Jobs + Skills Training

Clea

n En

ergy

Out

com

es

Facility Build ExperienceOperational Track Record

Economic Evaluations

Strategy FormulationTechnology AssessmentRelationship Management

Business Development

Financial Architecture

Rainforest Skills

Team Facility Experience

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+3 billion USG/yearProcessing Facility

17.4 million USG/yearBiodiesel Facility

230 million USG/yearCrude Oil Asphalt Plant

C$240 million Enhanced Oil Recovery Project and Technology Development

Crude Oil & Natural Gas Production in Canada, USA and International of +100,000 Barrels-Oil-Equivalent Per Day Collective Experience (1.5 billion USG/year)

USG = U.S. Gallon(3.78541 Litres)

Repeatable Process Configuration

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LoggingResidue

Rail Ties + OtherWaste Wood

Agricultural Residue

Refuse DerivedFuel from MSW

MaterialsPreparation

SyngasClean-Up

Landfill Gas

Manure Methanation

Renewable Natural Gas

FossilNatural Gas

MethaneCleanup

MethaneReforming

BiomassGasification

SyngasConversion

DMEProduct

MethanolProduct

FlexibleProcessTo Meet

LocalFeedstock& Market

Conditions(All ProvenEquipmentSelections)

Co-Products

Surplus Power

Clean Water

Residual Heat

Biogenic CO2

Use/Storage

MSW = municipal solid waste Syngas = synthesis gas DME = dimethyl ether LPG = liquified petroleum gas

DMEConversion

Gasoline+ 15% LPG

2 CatalyticStages

MethanolConversion

Gasolineor Diesel

+ 15% LPG

2 CatalyticStages

Minorfly ash

volumes(potentialindustrial

uses)

H2S+ waterremovalwhere

present

Syngas

Syngas

Air Quality Comparison

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Air Emissions ProfileWilliams Lake Power Plant 1

Incineration for Power Production Renewable Gasoline 3Wood Fibre 4 Railroad Ties

Particulates (mg/m3) 6.2 2.3 0.000

Trace Metals (mg/m3) 0.0554 0.0434 0.000

HCl (mg/m3) <0.1 59.8 0.000

Dioxins + Furans (ng/m3) 0.013 0.0034 0.000

PAH (micrograms/m3) 0.063 0.058 0.000

Chlorophenols (micrograms/m3) 0.010 0.091 0.000

SOx (mg/m3) 1.0 172 0.000

NOx (mg/m3) 188 166 – 185 2 0.000

1) 2001 test case of end-of-life railroad ties at a wood-fired power plant located in Williams Lake, BC.

2) Conversion rate used of 1.32 mg/m3 for each ppm.

3) Rainforest facility air emissions are >95% CO2 and 5% nitrogen. Contaminants such as tars are removedfrom the non-incineration gasification of biomass and any trace metals are removed with a guard bed.

4) Rainforest facility net CO2 equivalent reduction is 35% better than same-sized wood-fired power (est.).

Rainforest Solution Flexibility

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Feedstock Opportunities:v Inexpensive fossil natural gas under long-term contract for stable supply.v Tolling opportunity from natural gas producers for guaranteed margin.v Stranded renewable natural gas for value-added liquid fuel conversion.v Landfill gas for higher-value liquid fuel output vs. power production.v Materials management for economic capture of agricultural residue.v Indigenous/Community supply chain for economic logging residue.v Refuse-derived fuel opportunities for landfill management strategy.

Market Opportunities:v Gasoline or diesel flexibility to address local market pricing.v Local market demand for green LPG to replace fossil propane.v Slip-stream or 100% green DME production for fossil diesel substitute.v Green DME-based electricity production during high power prices.v Inexpensive surplus power and co-products for local co-ventures.v Inexpensive carbon capture, use and storage is a competitive advantage.

-20%

-10%

0%

10%

20%

30%

SOLARPOWER

WINDPOWER

WHEATETHANOL

RENEWABLENATURAL GAS

RNG+50% FEED

RAINFORESTGASOLINE

IRRB

T @ JA

N 11

202

1 PR

ICIN

G

SECTORAL PERFORMANCE COMPARISON - ALBERTA RENEWABLES

IRRBT (NO CARBON CREDITS) IRRBT (CARBON CREDITS)

+8.4% +6.7% +4.9%

+25.8%

+14.0%

+30.5%

+4.7% +0.4% +2.0%

-9.8%-16.9%

+12.7%

Unlevered Project IRR(IRR = discount rate for NPV of zero)

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Ø Carbon credit dependency for most renewable energy economics.Ø Rainforest solution can deliver acceptable returns without carbon credits.Ø Biomass-centric solutions are sensitive to feedstock costs.Ø Biggest question: where would you put your own money?

LowRisk

Medium Risk

High Risk

High Risk (Carbon Credit Reliance)

Medium Risk(Robust Margin)

* Dual biomass and natural gas feedstocks (est).

(Modest Margin)

(ThinMargin)

(VolatileMargin)

*

(102)

(25)

2.8

3.1

3.3

5.1

8.3

11.0

13.3

18

53

64

75

88

99

-125 -100 -75 -50 -25 0 25 50 75 100

RAINFOREST: WOOD + CARBON CAPTURE & STORAGE

DUAL FEED

ETHANOL

ONSHORE WIND

NUCLEAR

HYDRO

BIO-DIESEL

RENEWABLE NATGAS

SOLAR

ELECTRIC VEHICLES

RAINFOREST: NATGAS + CARBON CAPTURE & STORAGE

COMPRESSED NATURAL GAS

PROPANE

GASOLINE

DIESEL

Grams CO2 Equivalent Net Life Cycle Emissions per Megajoule Energy

Net Zero GHG Pathway

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(Data Sources: B.C. LCFS, ECCC, IPCC, International Hydropower Association, Fortis BC)

Dual natural gas + biomass possible for a single Rainforest facility.

Natural gas is a transition fuel.

Rainforest Net Zero GHG emissions with biomass forming ~34% of dual feedstock with natgas.

q Investors and policy makers worldwide are now measuring carbon intensity.q Renewable gasoline produced from forest slash residue avoids emissions with a

carbon intensity of -102 gCO2e/MJ under the B.C. Low Carbon Fuel Standard (subject to government approval and confirmation of GHGenius revisions).

q Rainforest offers a pathway for gasoline to be carbon neutral.

Most large-scale renewable energy still have some net GHG effect on a full life cycle calculation basis.

Canadian Clean Fuel Standard (2022) will require a 12 gCO2e/MJ reduction by 2030.

Global EV Outlook 2020 Prospects for electric mobility deployment to 2030

PAGE | 176

IEA.

All

right

s re

serv

ed.

demand. BEVs have nearly zero WTW GHG emissions in Norway and Iceland reflecting their low-carbon power supply, while they may have even higher specific emissions than gasoline internal combustion engines in similar size segments in countries that still rely primarily on coal as a source for electricity generation.

Well-to-wheel GHG emissions for cars by powertrain, 2018

IEA 2020. All rights reserved.

Notes: ICE = internal combustion engine; HEV = hybrid electric vehicle; PHEV = plug-in electric vehicle; BEV = battery electric vehicle; FCEV = fuel cell electric vehicle.

The range indicates the variability of WTW GHG emissions for each powertrain at the country level. For ICE vehicles, HEVs and PHEVs, the range is determined considering the minimum and maximum fuel-economy values across countries covered by the Global Fuel Economy Initiative (GFEI) (for more on the GFEI, see IEA, 2019c). PHEVs are assumed to drive 60% of their annual mileage on electric drivetrain and 40% on gasoline engine. For PHEVs and BEVs, the 2018 carbon intensities of electricity generation at country level are obtained from Energy Technology Perspectives 2020 (IEA, forthcoming): the minimum and maximum correspond to a vehicle charging in Iceland (0.1 g CO2-eq/kWh) and South Africa (1 002 gCO2-eq/kWh). Note that both LCA and WTW accounting of GHG emissions measure not only CO2 emissions, but also GHG pollutants and typically normalise these to a global warming potential of 100 years (GWP100), to report on a CO2-equivalent basis. For FCEVs, the minimum is calculated considering production of hydrogen from dedicated renewables, the maximum corresponds to hydrogen production from electrolysis considering electrolysis in China (the country with the most FCEVs in operation and with the highest carbon intensity of electricity generation) and the world average is based on steam methane reforming (8.8 kg CO2-eq/kg hydrogen).

Sources: IEA analysis developed with the Mobility Model (IEA, 2020), using data from IEA (2019c).

Implications for automotive batteries

Trends in EV battery size The demand for batteries used for automotive applications is expected to grow in the period to 2030 in both the Stated Policies and in the Sustainable Development scenarios. Increasing sales volume of electric PLDVs is the main driver as is the increasing size of the required batteries and electrification of other modes such as buses and trucks.

0

50

100

150

200

250

300

350

400

ICE HEV PHEV BEV FCEV

gCO

2-eq

/km

Range World averageIEA 2020. All rights reserved.

Net Zero

RainforestEnergy

Solutions

Zero Emissions Performance

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IEA = International Energy AgencyGHG = greenhouse gasesICE = internal combustion engineHEV = hybrid electric vehiclePHEV = plug-in HEVBEV = battery electric vehicleFCEV = fuel cell electric vehicle

Biomass + CCUS

Bio-CH4 + CCUS

FNG+ Biomass + CCUS

FNG + CCUS

FNG = fossil natural gas CCUS = carbon capture, use,

and storageBiomass = logging residue or

equivalent wasteBio-CH4 = bio-methane(landfill gas, renewable natural

gas, manure methanation)

FNG is a transition fuel

Renewable fuel is compatible with ICE bans for net zero GHG policies.

Negative Carbon Energy Needed

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Electric vehicles reduce GHG but unlikely to fall below zero.

Waste biomass energy offers negative carbon intensity.

Global EV Outlook 2020 Prospects for electric mobility deployment to 2030

PAGE | 155

IEA.

All

right

s re

serv

ed.

In the Sustainable Development Scenario, the global EV stock reaches almost 80 million vehicles in 2025 and 245 million vehicles in 2030 (excluding two/three-wheelers).

Global EV stock and sales by scenario, 2019, 2025 and 2030

IEA 2020. All rights reserved.

Notes: PLDVs = passenger light-duty vehicles; LCVs = light-commercial vehicles; BEV = battery electric vehicle; PHEV = plug-in hybrid vehicle. EV sales share = share of EVs (BEV+PHEV) out of total vehicles sales. PHEV share in EVs = share of PHEV sales out of EV (BEV+PHEV) sales. Source: IEA analysis developed with the Mobility Model (IEA, 2020).

By 2030, the global EV stock (excluding two/three-wheelers) is about 140 million with sales of 25 million in the Stated Policies Scenario, while the more ambitious Sustainable Development Scenario sees about 245 million EV stock with sales of more than 45 million.

Electric vehicle stock

Electric vehicle sales

0%

10%

20%

30%

40%

50%

0

10

20

30

40

50

2019 2025 2030 2025 2030

Stated Policies Scenario Sustainable Development Scenario

Sha

res

EV

sal

es (

mill

ion

vehi

cles

)

China Europe US Japan India Others EV sales share (right axis) PHEV share in EVs (right axis)

0

50

100

150

200

250

2019 2025 2030 2025 2030

Stated Policies Scenario Sustainable Development Scenario

EV

sto

ck (

mill

ion

vehi

cles

)

PLDVs - BEV PLDVs - PHEV LCVs - BEV LCVs - PHEV

Buses - BEV Buses - PHEV Trucks - BEV Trucks - PHEV

IEA = International Energy AgencyRBC = Royal Bank of CanadaICEV = internal combustion engine vehiclePLDV = passenger light duty vehicleBEV = battery electric vehiclePHEV = plug-in hybrid electric vehicleLCV = light commercial vehicle

World Vehicle Fleet

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~10% oftotal fleet

~18% of total fleet

2030 ICEV world fleetforecast to be at least the same as in 2019 even with min. fleet growth to 1.4 billion vehicles vs 1.1 billion in 2017.

EV Constraints:> Expensive Charging Infrastructure Capital> Rare Earth Supply (Price, Social, Environmental)> Battery Recycling Challenges (Landfill, Re-Use)> Consumer Economics (Subsidies, Power Price)

“Advanced biofuels…will therefore play an essential role in decarbonizing transportation…”RBC (Nov 2020)

Source: IEA 2020

Wood Residue Feedstocks

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(Image Sources: www.researchgate.net/figure/Solid-biofuel-samples-from-upper-left-corner-sawdust-non-fresh-bark-waste-non-fresh_fig1_312035728/download http://biomassmagazine.com/articles/13483/baltic-rim-wood-fiber-supply-and-demand)

Sawdust Bark Waste Pruning Residue

Small Trees Chipped Stumps Milled Peat Roadside Bulk Forest Residue

Wood residue as renewable gasoline feedstock avoids slash pile burning emissions.

Beneficial Forest Culling

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(Image Sources: https://www.cbc.ca/news/canada/edmonton/fort-mcmurray-logging-1.4004938 https://www.cbc.ca/news/canada/edmonton/alberta-increases-funding-for-pine-beetle-1.5343388)

Dead wood as feedstock reduces decay emissions that magnify the CO2 effect.

Forest Fire Tree Kill Pine Beetle Tree Kill

Forest Debris Opportunity

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(Image Sources: https://www.advocate-news.com/2018/09/10/megafires-fighting-fire-with-fire-could-be-the-key-to-stopping-destructive-out-of-control-blazes/, https://wattsupwiththat.com/2018/12/12/trump-was-right-about-raking-finnish-forests/)

Forest debris removal reduces megafire risk and provides ongoing feedstock.

Debris Fire Hazard Forest Rake Machine Debris-Cleared Forest

New California forest debris clearing policy can feed +90 Rainforest facilities.

Other Biomass Options

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Image Sources: RDF Pellets: https://nl.wikipedia.org/wiki/Gebruiker:Fun4life.nlUrban Wood: https://www.langleyadvancetimes.com/news/wood-waste-recycling-a-chicken-or-egg-challenge/Hemp Residue https://www.cannabistech.com/webcasts/ask-a-hempster/what-does-hemp-biomass-actually-mean-cannabisWheat Straw: https://agcrops.osu.edu/newsletter/corn-newsletter/2019-21/what-nutrient-value-wheat-strawRail Ties: https://cen.acs.org/articles/95/i38/Recycling-railroad-ties-comes-benefits.html

Urban Wood WasteHemp Residue

StrawRefuse-Derived Fuel (RDF) PelletsRefuse derived

fuel pellets made from the organic components of municipal solid waste (MSW), including some plastic.

Disposed Rail Ties

External Methane Options

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Image Sources:https://www.google.com/search?channel=mac_bm&source=univ&tbm=isch&q=free+cow+stylized+image&client=safari&sa=X&ved=2ahUKEwj89bGH0fbtAhURip4KHSqrAWMQjJkEegQIBRAB&biw=1325&bih=774#imgrc=xmvGLBP-HNQObM https://www.facebook.com/ThinkingManThoughts/ https://ensoplastics.com/theblog/?p=2611 https://www.google.com/search?q=free+pig+stylized+image&tbm=isch&ved=2ahUKEwjHqvCI0fbtAhXnHDQIHe_RDQ8Q2-cCegQIABAA&oq=free+pig+stylized+image&gs_lcp=CgNpbWcQA1DE4BJYie8SYJrxEmgAcAB4AIABS4gBpgOSAQE2mAEAoAEBqgELZ3dzLXdpei1pbWfAAQE&sclient=img&ei=8-7sX4flIue50PEP76O3eA&bih=774&biw=1325&client=safari#imgrc=juMc19KSSi4LiM https://teachingkidsnews.com/2019/11/03/toronto-to-turn-food-scraps-into-biofuel/

RenewableNatural Gas

FossilNatural Gas

Manure Methanation

Landfill Gas System(e.g. Edmonton Clover Bar ~ 60-year supply)

Identified Scale Potential

(Map Source: https://www.pinterest.ca/pin/519954719480401194/)(Raw Data Sources for Canada + USA forestry: https://cfs.nrcan.gc.ca/statsprofile/https://public.tableau.com/views/FIA_OneClick_V1_2/StateSelection?:showVizHome=no)

Legend:Logging ResidueNatGas + BiomassOther BiomassLow Carbon Fuel StandardPending LCFSLCFS under consideration

10 19 6 240 17 2

2 2 1

12

14

908

7

1714

11

1110

8

6

7

2Trinidad

Colombia

Canada

Project Finance Opportunities(75% Debt + 25% Equity)

Region Projects Billions

Canada(West)

64 C$11.6US$8.7

Canada(East)

37 C$6.7US$5.0

USA(West)

106 C$19.2US$14.4

USA(East)

92 C$16.7US$12.5

Latin America

9 C$1.6US$1.2

Total 308 C$55.8US$41.9

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Identified Project Sites(With CN Rail Connection)

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(Map Source: https://www.thecanadianencyclopedia.ca/en/article/canadian-national-railways)

Prince RupertIndustrial Park

Hog Fuel PileLoggingNatural Gas

Lake WabamunEx-Coal Lands

Logging ResidueUsed Rail TiesNatural Gas

Oyen Rail ParkHemp ResidueUsed Rail TiesAgricultural WasteNatural Gas

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(Map Source: https://www.sec.gov/Archives/edgar/data/16875/000001687520000007/cpr2019-annualreportx1.htm )

Millinocket CommunityDevelopment(Maine, USA)

Logging Sawmill ResidueRDF PelletsUsed Rail Ties

Identified Project Sites(With CP Rail Connection)

Ethanol Import Dependency

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0

1

2

3

4

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

BILL

IONS

OF

LITR

ES

CANADA FUEL ETHANOL CONSUMPTIONDOMESTIC PRODUCTION IMPORTS

Data Source: StatsCan

v Canada imports 43% of its 3.2 billion-litre ethanol demand (local capacity full). v Ethanol blended with gasoline to satisfy Canadian Renewable Fuel Standard.v U.S. ethanol supply shutdowns because of poor margins = energy security risk.v New local ethanol capacity unlikely with current pricing = Rainforest opportunity.

Energy Security Risk solved with 50 Rainforest Bio-Facilities (economic with current pricing)

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Rainforest ESG Features(Environmental, Social, Governance)

Environmental:ü Utilizes waste materials that would otherwise generate GHG emissions.ü Negative carbon intensity is superior to competing biofuels, solar, wind.ü Avoids air emissions associated with incinerating waste.

Social:ü Indigenous and community alliance with ownership participation.ü Inexpensive co-products for community ventures, e.g. greenhouse.ü Direct employment and skills training at the community level.

Governance:ü Special purpose entity for each community project allows local voice.ü Board of directors have strong corporate governance experience.ü Commitment to gender, racial, ethnic, and social diversity at all levels.

ESG PERFORMANCE TO BE MEASURED BY WORLD-CLASS CANADIAN STANDARDS

Diversity Commitment

(Image Source: Native Women’s Association of Canada)

v Novel Indigenous alliance in place.

v Skills training to ensure a supply of qualified Indigenous candidates.

v Native Women empowerment for career advancement and leadership.

v Active recruitment of qualified women for leadership roles at all levels.

v Diversity commitment to include all special purpose entities for projects.

v Diversity strategy will lead to a more enlightened and stronger leadership.

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An inclusive mindset is a foundation for diversity. Unconscious bias can be resolved with conscious action. Planned mentorship and sponsorship are powerful enablers.

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(Image Source: https://www.von.gov.ng/climate-change-sustainability-needed-to-maintain-cyclical-economy/)

Consumptive Economy Circular Economy

v Extraction of finite materialsv Focus on creating new productsv Generate waste streamsv Growth dependency

o Use of renewable materialso Focus on product life cycleo Waste is repurposedo Growth is optional

Rainforest Community Economy

Compelling Advantages

ü Experienced team with $10 billion energy asset management history and unique ability to strategically develop successful projects.

ü Low carbon fuel market opportunity: No 10% ethanol blend wall.ü Up to 50% superior fuel economy compared to bio-ethanol.ü Saves refineries money by avoiding ethanol blending costs into gasoline. ü 100% fuel blending compatibility for Net Zero GHG branding.ü ESG performance enhanced from community/Indigenous partnerships. ü Feedstock flexibility reduces input risk, expands market opportunities.ü Output flexibility allows adaptation to changing market conditions.ü Performance guarantees are available for start-up operations.ü Positive operating margin even in today’s crude oil price environment

with no subsidies or carbon credits while creating a circular economy.ü Improves Earth’s sustainability for current and future generations.

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ESG = Environmental, Social, Governance.

ManagementRainforest Energy Corp.

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Jeff Arsenych Board Member, President/CEO Calgary, Albertaq MBA with +30 years business development experience in petroleum, renewable energyq Co-founder/CEO of 8 companies: 4 oil & gas, 3 renewable energy, 1 tech ventureq Chair of first major biodiesel venture in Western Canada (66.7 million litres/year capacity)q Sourced / acting general manager of a crude oil refinery acquisition (600 million litres/year)q Management Committee member of refinery technology JV with a super-major oil company

Konstantin Starkov COO / VP – Engineering & Construction Calgary, Albertaq Engineer with 30 years of petroleum operations experience in Canada and Internationalq VP – Production of one of the first US-Russia oil and gas joint venturesq Operations Manager of a complex Canadian EOR technology with a $240 million budgetq General Manager of an oil sludge recovery operation using a new processing technologyq Proven trouble-shooter and problem-solver for challenges in plant engineering and construction

Caroline O’Driscoll VP – Corporate & Secretary Toronto, Ontarioq Partner - Indigenous, Environmental & Energy law, Aird & Berlis LLP law firmq M.Sc. in sustainable energy development, LL.M. in aboriginal & international lawq Board member, Canadian Energy Law Foundationq Co-Founder of Optima Global Inc. (multi-disciplinary community development team)

Board of DirectorsRainforest Energy Corp.

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Peter Lafontaine Executive Chair Calgary, Albertaq Dynamic business leader with +20 years experience leading/building top performing teamsq Managing Principal – Win Helix Sales DNA System, Partner in Peer Guidanceq Co-founder/CEO of entertainment systems company deploying new technology at +500 locationsq Thought leader with Rainforest Alberta (innovation ecosystem of +2000 changemakers)

Khaled Saleh Board Member Calgary, Albertaq Professional Engineer with +15 years of leadership and project management experienceq Managing Director of Ennovate Consultants (engineering and project management services)q Project manager of a +200,000 barrel/day petroleum facility construction in the Middle Eastq Project Management Professional (PMP) certification

John Wright Board Member Calgary, Albertaq Serial oil and gas entrepreneur with +30 years leadership experienceq Chairman of Touchstone Exploration Inc. and Alvopetro Energy Ltd. (international oil & gas)q Co-founder of Petrobank, PetroBakken, and Petrominerales (~$10 billion combined peak assets)q Professional Engineer (P.Eng) and Chartered Financial Analyst (CFA)q Past Chairman, World Petroleum Council – Canadaq Past Governor, Canadian Association of Petroleum Producers (CAPP)q Founder, Fundación Nanpaz (Ecuador) and Fundación Vichituni (Colombia)

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(Photo Credit: Andrea Westmoreland)

Waste Not, Want Not!

(Wall-e Photo: Pixar Wiki)

Let’s Be Part of the Solution!

Contact Coordinateswww.rainforestenergy.ca

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Jeff ArsenychPresident & CEO(Calgary, Alberta, Canada)

jarsenych@rainforestenergy.ca+1 587 889 8035

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LOW CARBON ENERGY SOLUTIONS

END OF PRESENTATION