Corporate Presentation, March 2013

1. Corporate Presentation, March 2013

2. Disclaimer The presentation is for informational purposes only and is not intended as a solicitation or offering of securities of Traverse Energy Ltd. (“Traverse”) in any jurisdiction. The material presented is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Traverse and should not be used for the purpose of making investment decisions concerning Traverse securities. Measurement Natural gas reserves and volumes contained herein are converted to barrels of oil equivalent (BOE) on the basis of six thousand cubic feet (mcf) of gas to one barrel (bbl) of oil. The term “barrels of oil equivalent” may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf to 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

3. Forward Looking Statements Certain statements contained in this presentation constitute forward-looking information and are based upon the estimates and opinions of the Company’s management at the time the statements are made. The use of any of the words “could”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Traverse’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. These statements relate to the Company’s 2013 exploration and development program including the drilling of wells on the Turin Area, Carbon Area, and Willow Area and the completion of additional seismic activities. Traverse’s Annual Information Form filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describes the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. Traverse disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

4. The Company • Recapitalization of Firstland Energy Ltd. June, 2009 • New management appointed, June, 2009 • Name changed to Traverse Energy Ltd. June, 2009 • Listed on the TSX Venture Exchange (“TVL”) • 47.1 million shares issued • 51.5 million shares fully diluted • Management and directors: 33% ownership issued

5. Corporate Strategy • Grow through the drill bit • Maintain a significant undeveloped land base • Focus on oil in southern and central Alberta • Acquire larger resource - type prospects for the future • Exploit through vertical and horizontal drilling

6. Management Team • Laurie Smith, P. Geol., President • David Erickson, P. Geol., Vice President & COO • Sharon Supple, CA, CFO History • 20+ years together as senior management team • Petromet Resources Limited - drill bit growth 0 to 17,000 BOE/day • Sold to Talisman in 2001 @ $13.20/share, $800 MM transaction • Raven Energy Ltd. - drill bit growth 0 to 1,500 BOE/day • Sold to Tristar in 2006 @ $2.25/share, $85 MM transaction

7. Financial Highlights (in $ thousands except where stated) 9 months 2012 2011 2010 Petroleum & natural gas revenue $5,370 $4,561 $2,118 Net income (loss) 32 (1,822) (3,535) Funds flow from operations 3,809 2,398 795 Net capital expenditures 5,954 10,408 7,970 Working capital * 1,727 2,532 2,358 • *No debt • December flow through $1.8 MM

8. Annual Reserves, Production and Land As at December 31, 2011 2010 2009 Proved reserves (mBOE) 401.5 198.6 95.3 Proved + probable reserves (mBOE) 566.1 279.9 143.7 Production (BOE/d) 197 121 48 Undeveloped land holdings: Net acres (000’s) 152 148 168 Average working interest (%) 98 95 94

9. Areas of Activity Undeveloped Land Holdings(December 31, 2012) Gross Net Acres Acres Northern 7,300 7,300 West Central 14,000 12,900 East Central 88,900 88,500 Southern 37,300 36,000 147,500 144,700 Average Working Interest: 98%

10. Turin Area Land Holdings: • 8,100 acres all rights • 3,300 acres rights below Mannville Production: • 8 wells • 300 BOE/day 4th quarter, 2012(50% oil) Facilities: • Battery daily capacity - 2,500 barrels fluid, 2.5 MMcf gas Water disposal 2,000 bbls 2013 Activity: • Completion of 2D + 3D seismic program • 4-6 wells planned in Q1/Q2 • Follow-up drilling in Q3/Q4

11. Turin West Area Exploration & Development: • 3D seismic shot in December, 2012 • Initial 3 well drilling program late Q1/Q2, 2013 • Follow-up drilling in second half of 2013

12. Turin East Area Exploration • 2D + 3D sesmic shot, 2012 • 2 wells drilled in 2012. 1 shut in natural gas well, 1 D+A • 2 exploratory wells planned for first half of 2013 • Additional wells planned for second half of 2013

13. Brazeau Area Land Holdings: • 6,400 acres 5% - 10% GORR on oil, 10% GORR on NGLs and natural gas Production: • 4th quarter production 185 BOE/day (55% oil and NGLs). • 15 horizontal Cardium wells on production at December 31, 2012 • 2 additional wells drilled 4th Q, 2012 (production reported Q1,2013) • 2 wells drilled & 2 additional wells licensed Q1, 2013

14. Carbon Area Land Holdings: • 23,000 acres 2012 Activity: • 3D seismic data purchased 2013 Activity: • Reprocess & evaluate 3D seismic data • Drilling locations in the second quarter of 2013

15. Willow Area Land Holdings: • 21,000 acres 2012 Activity: • 2D seismic purchased and evaluated 2013 Activity: • Additional 2D seismic shot in Q1, 2013 • Drilling planned for first half of 2013 (targets are Mannville and Banff oil)

16. Operating Netbacks 9 months 2012 2011 2010 Average Sales Price Natural gas ($/Mcf) $2.25 $3.82 $3.91 Oil and NGL ($/bbl) $80.32 $85.90 $73.46 Average daily production (BOE) 358 197 121 Netback per BOE ($/BOE) Petroleum & natural gas revenue $54.76 $63.50 $47.98 Royalties $2.01 $4.08 $2.18 Operating $6.71 $13.62 $12.72 Transportation $0.99 $1.61 $1.63 Operating netback $45.05 $44.19 $31.45

17. 2012 Program • Drilled 7 gross (6.25 net) wells at Turin, resulting in 3 oil wells (2.75 net), 2 shut-in natural gas wells (1.75 net) and 2 (1.75 net) dry holes. • 2D & 3D Seismic purchased and shot at Turin and Willow properties • At Brazeau, 11 additional wells drilled by an industry partner increasing GORR Cardium oil production • 2012 capital expenditures approximately $8 million, • Q4, 2012 estimated at 545 BOE/day (53% oil and natural gas liquids) 2013 Program • Budget of $12.6 Million • Seismic data purchase and shooting planned at Turin, Carbon & Willow • 10 wells planned on existing properties. Drilling comprises approximately 75% of the 2013 budget

18. Corporate Information Evaluation Engineers: Sproule Associates Ltd. Bank: Alberta Treasury Branch Auditor: KPMG LLP Solicitor: Borden Ladner Gervais LLP Transfer Agent: Valiant Trust Company Board of Directors Laurie Smith: President David Erickson: Vice President Daniel Kolibar: Partner, Borden Ladner Gervais LLP David Van Der Lee: Former President, Firstland Energy Adam Wells: Director, PWC LLP Robert Libin: Independent Businessman Reid Hutchinson: Independent Businessman • For further information: Tel: 403.264.9223, www.traverseenergy.com