Compeer Area Viking Resource Play

Focus on Viking light oil resource plays with new technology

Key Considerations

Certain statements in this presentation constitute forward looking statements or forward looking information within the meaning of applicable securities laws (“forward looking statements”). Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Strongbow Resources Inc.(“Strongbow” or “the Company”), or developments in Strongbow’s business or in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward looking statements. In particular, statements concerning oil and gas reserves may involve the implied assessment that the resources described can be profitably produced in the future, based on certain estimates and assumptions. No independent third party has reviewed the reasonableness of any such statements, estimates or assumptions. No member of the Strongbow represents or warrants that such forward looking statements will be achieved or will prove to be correct. Actual future results and operations could vary materially from the forward looking statements. Similarly, no representation or warranty is made that the assumptions on which the forward looking statements are based may be reasonable. No audit, review or verification has been undertaken by Strongbow or an independent third party of the assumptions, data, results, calculations and forecasts presented or referred to herein. The recipient acknowledges that neither it nor Strongbow intends that Strongbow act or be responsible as a fiduciary to the recipient, its management, stockholders, creditors or any other person.

Each of the recipients, by accepting and providing this Overview Memorandum respectively, expressly disclaims any fiduciary relationship and agrees that the recipient is responsible for making its own independent judgments with respect to any transaction and any other matters regarding this Overview Memorandum. Forward looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action. Forward looking statements may also include any statement relating to future events, conditions or circumstances. Strongbow cautions you not to place undue reliance upon any such forward looking statements, which speak only as of the date they are made. Forward looking statements relate to, among other things, changes in the resource market; the market focus of Strongbow’s revenue mix and margin targets; operations priorities; and strategy for its products and solutions. The risks and uncertainties that may affect forward looking statements include, among others, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of Strongbow’s customers, demand for Strongbow’s assets and other risks detailed from time to time in Strongbow’s filings with the Securities and Exchange Commission and Canadian provincial securities regulators. Forward looking statements are based on management’s current plans, estimates, projections, beliefs and opinions, and the Company does not undertake any obligation to update forward looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.

Corporate Profile

Share Information• Listed on OTCQB under the symbol STBR.QB• Basic Shares Outstanding:109,686,705 shares • Insiders & Founders Group Ownership: 50% • Largest Shareholder: Holloman Corp. - 27.53 million shares

Land Base• Compeer Area: 8 Sections - 5,120 acres

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Strongbow’s TeamMichael Caetano, CEO and President

• over 15 years of successful business development & leadership• specializing in capital funding, mergers & acquisitions• worked in the oil and gas industry for the last five years

Robert Madzej, BBA,SFU- COO

. Over 10 years experience in business operations . Highly skilled in financial structuring and economical decision making Technical Team - Apex Energy Consultants Inc.

• Robert Martin, P. Geol. • over 30 years of petroleum and minerals exploration & exploitation

experience• Several successful O&G exploration projects and well discoveries

• Doug M. MacLellan, P. Eng.• over 30 years of management experience with major and junior O&G

companies; technical /engineering, production, operations, and financials

• Michael Kamis, P. Eng., President of Apex Energy Consultants Inc.• over 34 years of Petroleum Engineering/Geological studies relating to

Western Canada, the United States and international oil and gas fields

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Development Plan

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Phase 1 completed

• Drilled 5-29-33-2W4Hz Compeer Area of Alberta. • Earned 8 sections of land from Harvest Operations Corp.

Phase 2

• Test 5-29-33-2 W4Hz • Plan to drill 4 wells per section for a total of 31 wells in the Compeer Area from October 2013 to February 2014 • Raise $37-40 million in equity and/or debt to finance the project • Currently the Company has one well ready to commence production

Viking Light Oil

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Viking Light Oil

1. Large OOIP/potential to expand play. Estimated of 6.0 billion barrels of original oil in place places the Viking play second only to the Cardium in terms of magnitude among emerging tight oil plays. There is potential for significant expansion of the play.

2. Attractive per well economics,. Estimated IRRs of 188% and breakeven of US$36.00/bbl, Viking Drilling and completion cost much lower than Cardium or Bakken.

3. Well delineated/low geological risk. Initially discovered in the 1950s, Viking oil pools in southwest Saskatchewan and SE Alberta have been well delineated with vertical drilling, and hence there is little geological risk associated with the play.

4. Upside to technology/cost reductions. As with most tight oil and tight gas plays that are exploitable using horizontal multi-stage fracking, continued technological innovations to completion techniques have the potential to increase recovery factors and improve economics. In the case of Viking, the impact of expected cost reductions on per well economics is magnified, because drilling costs for these relatively shallow wells are already significantly lower."

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Compeer Area

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Compeer Area Viking OilDevelopment Plan

•Oil recovery per well = 2.9 million Bbls/section divided by ultimately up to 4 wells/section * 10% Rf = 72,500 Bbls/HZ

•Gas recovery per well = 2.9 Bcf/section divided by ultimately up to 4 wells/section * 20% Rf = 141 MMcf/HZ

•Average (risked) IP of 8 HZ MSF Viking wells is equal to 46 bbl/d oil & 145 Mcf/d (average over life GOR of 4,000 Scf/bbl)

Viking HZ MSF TypeWell Curve

Assumptions

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Compeer Area Viking Oil

100/5 -29 -33 -2W4 Well

• 5 m of net pay• 20 % porosity• Sw = 30% • So= 20%• Bo = 1.1• 34 o API• 2.9 Million Bbls per Section• 2.9 Bcf per Section

TYPE LOG100/5-29-33-2W4

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Metrics

COMPEER:

•Wells IP at 50 BOPD•Capital of $1,200,000 per well

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Compeer Viking Oil Summary (BIT)

$/BblPayout

MultiplesCapital $ 1,200,000 IRR 322%Revenue $ 7,887,467 $ 108.79 6.57 NPV 10% $ 4,924,951 $ 67.93 4.10 Risk Factor 95%ENPV $ 4,678,703 $ 64.53 3.90 Net Reserves (Bbls) 72,500 Finding & Development Cost $ 16.55 Operating Costs $ 18.92

First Year Production Forecast

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Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14

Monthly Production (Bbl) -

-

-

-

-

-

1,521 1,521 4,943 11,786 20,911 32,318

Mar-13

Apr-13

May-13

Jun-13

Jul-13

Aug-13

Sep-13

Oct-13

Nov-13

Dec-13

Jan-14

Feb-14

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

First Year Projections

With an assumption that the Company raised debt or equity of $37-40 million to complete the development plan.

Fiscal year ended February 2014Revenue Summary Total: Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14

Oil Reserves (Bbl) 72,500 72,500 72,500 72,500 72,500 72,500 70,979 69,458 227,641 542,104 956,193 1,467,625 Gas Reserves (MMCF) 1,410 1,410 1,410 1,410 1,410 1,410 1,410 1,410 4,583 10,928 19,388 29,963 Total Reserves - BOE 307,500 307,500 307,500 307,500 307,500 307,500 305,979 304,458 991,474 2,363,438 4,187,526 6,461,458

Production Bbl -

-

-

-

-

- 1,521 1,521 4,943 11,786 20,911 32,318

Average Price ($/Bbl) -

-

-

-

-

- 105 105 105 105 105 105

Product Revenues ($)

Total Production Revenues -

-

-

-

-

- 159,688 159,688 518,984 1,237,578 2,195,703 3,393,359

Operating Costs ($)

Fixed Operating Costs -

-

-

-

-

- 2,000 2,000 6,500 15,500 27,500 42,500

Variable Operating Costs -

-

-

-

-

- 12,167 12,167 39,542 94,292 167,292 258,542

Total Royalties -

-

-

-

-

- 22,356 22,356 72,658 173,261 307,398 475,070

Total Operating Costs ($) -

-

-

-

-

- 36,523 36,523 118,699 283,053 502,190 776,112

Net Income from Operations ($) -

-

-

-

-

- 123,165 123,165 400,285 954,526 1,693,513 2,617,247

Average Net Back per BOE ($) -

-

-

-

-

- 80.98 80.98 80.98 80.98 80.98 80.98

Annual Net Income, Cash Balances & Capital

Expenditures Summary

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2014 2015 2016 2017 2018

Annual Net Income ($) (7,336,721) 15,928,315 13,474,348 11,430,810 9,740,104

Annual Cash Balances ($) (2,130,941) 14,362,386 26,674,913 35,570,028 41,567,852

Capital Expenditures ($) (37,320,000) - - - -

2014 2015 2016 2017 2018-$10,000,000

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

Annual Net Income ($)

Annual Cash Balances ($)

Compeer Area

•Alberta Crown Royalty: 7.5% on each new Horizontal oil well for 18 months or 50,000 Barrels (HONWRR). 0% to 40% based on flow rate and price thereafter.

•Farm-in on Harvest Petroleum: subject to a sliding scale overriding royalty of 5 to 15%. Earned 8 sections after first well drilled.

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Contact Information

Office333 N Sam Houston Pkwy East, Suite 600, Houston, Texas 77060

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