Corporate Presentation

18 Billion Barrels Prospective Oil Offshore Namibia

June 2012

TSX-V:EOG

This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this

presentation, other than statements of historical fact, that address events or developments that Eco (Atlantic) Oil & Gas Ltd.

(“Eco Atlantic”) expects to occur, are forward looking statements. Forward looking statements are statements that are not

historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”,

“intends”, “would”, “may”, “could” or “should” occur. Although Eco Atlantic believes the expectations expressed in such

forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future

performance and actual results may differ materially from those in forward-looking statements. Factors that could cause the

actual results to differ materially from those in forward-looking statements include, but are not limited to, market prices,

exploration and drilling success, continued availability of capital and financing and general economic, market or business

conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or

developments may differ materially from those projected in these forward-looking statements. Forward-looking statements

are based on the beliefs, estimates and opinions of Eco Atlantic’s management on the date the statements are made. Eco

Atlantic undertakes no obligation to update these forward-looking statements in the event that management’s beliefs,

estimates or opinions, or other factors, should change.

Forward Looking Statements

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Why Eco Atlantic A New Emerging Oil and Gas Company

• Second largest acreage holding onshore and offshore Namibia, dual listed on the TSX and NSX under "EOG"

Excellent Growth Potential • Three offshore licenses covering over 25,000km2 reported NI 51-101 resource potential of

approximately 18 billion barrels

• Two onshore licenses covering over 30,000km2 with shale gas & coal bed potential

Advanced Exploration Program • 2D seismic data acquired on all offshore blocks from TGS NOPEC & WesternGeco

• 3D seismic to commence end 2012

• NI 51-101 Report complete on Guy Block – 9.2 Bbl (P50) Best Estimate, Prospective oil

• NI 51-101 Report complete on Sharon Block – 7.8 Bbl (P50) Best Estimate, Prospective oil

• NI 51-101 Report complete on Cooper Block – 1.15Bbl (P50) Best Estimate, Prospective oil

• Total Gross Prospective oil resource of 18 Bbl (P50) Best Estimate (Net 12.74 Billion barrels)

Highly Experienced Team • Experience in capital markets, African oil, gas & finance with established local networks

• Deal team execution track record

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Eco Atlantic Namibia • Namibia is amongst the most stable politically and economically country in Africa.

Consistent, transparent, and professional bureaucratic system and business sector.

• A new frontier play attracting the world's majors (BP, REPSOL, PETROBRAS, HRT etc.)

• One of the best, straightforward license and royalty regimes in oil exploration and producing countries.

• A vivid and strong stock exchange (NSX), directly linked to JSE.

• Strong local presence: 2 local headquarters (Windhoek and Walvis Bay).

• Strong local partnership: 4 local individuals + the National Petroleum Corporation (NAMCOR)

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Board Of Directors

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Moshe Peterburg (Chairman, Co-Founder): • Over 25 years of experience in Africa (Nigeria, Equatorial Guinea, Ghana, Namibia and others). • Founder and Chairman of GP Minerals, a resource investment and development company.

Gil Holzman (President & CEO, Director, Co-Founder): • Significant experience in the mining and energy resource sectors throughout Africa. • Managed a portfolio of private and publically listed resource and energy companies. • Founder and CEO of GP Minerals.

Colin B. Kinley (COO, Director, Co-Founder): • CEO of Kinley Exploration LLC, providing professional, technical and oversight expertise to resource companies. • 31 years of international expertise in energy project management and new energy company development. • Director and senior advisor of Adira Energy Ltd. (TSXV), Manx Energy Inc. and Excelsior Minerals (TSXV).

Alan Friedman (Executive Vice President, Director, Co- Founder) • President of Rivonia Capital Inc. 12 years experience in acquisitions, financings and TSX public transactions • Co-founder and Director and of Auryx Gold Ltd. (TSX-V: AYX) Gold Company with Namibian assets sold to B2Gold

for over $140 million. • Co-founder and Director of Adira Energy Ltd. (TSX-V:ADL) an O&G exploration company offshore Israel

Helmut Angula (Non-Executive Director): • Over 20 years experience in the Namibian Government. • Served as Deputy Minister of Mines & Energy and Minister of Fisheries & Marine Resources; Finance; Agriculture,

Water & Rural Development; and Works and Transports.

Peter Nicol ( Non- Executive Director) • 40 years experience in the banking industry, with 20 years specializing in the oil and gas sector. • Headed the Oil and Gas Research team at GMP Securities Europe • Initiated coverage and finance of over 36 international E&P Companies.

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Management & Consultants

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Alan Rootenberg (Chief Financial Officer)

• Chartered accountant, former CFO of Volta Resources (TSX: VTR)

• Ex- senior executive for various publicly traded companies, previous CFO of Adira Energy and Auryx Gold

Jose Bastos (Director, Eco Oil & Gas Namibia) • 40 years experience in fishing and tourism industry in Namibia, founded several hotels • Co founder of Welwitcshia & Indira Ghandi Hospitals • Non executive Director of Bidvest Namibia, traded on NSX with several fishery distribution and commercial interests

Naeman Amalwa (Country Manager): • Namibian businessman, 30 years experience in resource industries. • Director of Namibian based JKD Diamonds (Pty) Ltd, Dynamo Diamonds (Pty) Ltd, founder of Salina Geological

Services.

Julia Maxwell (Manager, Investor Relations): • Over five years communications and Investor Relations experience in the resource industry. • Worked for numerous TSX listed junior mining and energy companies, and has extensive knowledge of the sector. • Specializes in corporate branding and investor communication strategies.

Greg Embery (Consultant, Kinley Exploration): • VP of Geology at Kinley Exploration. • Ex- Manager of Geology for Layne Energy - oversaw exploration and development programs and evaluated all

potential prospects and acquisitions

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Namibia Overview Brazilian Counterpart, Gondwana • Common geological history and contains

similar petroleum systems

• Over 80 Billion barrels “Bbls” BOE of recent discoveries in South Atlantic Ocean

• Approximately 30 Bbls BOE estimated offshore Brazil

• Recent 3D seismic surveys reveal consistent and prolific results beginning to mirror its geologic counterpart in Brazil

Economic Profile

• GDP: US$15.5 billion (2011 estimate)

• Annual Growth: 3.6% (2011 estimate)

• Population: 2.17 million (2012 estimate)

• Inflation: 5.3% (September 2011)

• Major trading partners: South Africa,

Angola, UK, Spain, Japan, China and USA

• Taxation of oil production: 5% State

Royalty / 35% corporation tax / no capital

gains / IRR>15% - APT

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* Source: CIA World Factbook

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Paleoceanographics

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Tower/ Arcadia (2011A) Repsol Oil farm in 44% WI • 9 BBOE Unrisked Potential • Delta prospect expected to be drilled in H2/12

Chariot/Petrobras • 4 -5 wells expected in 2012 – 2013 • Estimates P50 gross resources of over 14 BBOE on licenses

Chariot/ Petrobras/BP (45% WI) • NIMROD Prospect to be drilled July 2012

HRT • Rig Secured – 4 Wells 2012/13 Walvis & Orange Basin

Eco Atlantic Oil & Gas – 18 Billion Barrels of Oil • 1.15Bbl Prospective oil Best Estimate (P50) on 2012A • 7.8 Bbl Prospective oil best Estimate (P50) on 2213 A/B • 9.2 Bbl Prospective oil Best Estimated (P50) on 2111B/

2211A • 3D seismic to commence 2012

Serica Energy/BP • License awarded in Nov 2011, Petroleum Agreement

approved Jan 2012 • BP Farm- in 30%, fund 40m$ 3D seismic

Near Term Regional Catalysts

Kudu Gas Field 1.3 TCF Proven Gas Reserves

Cooper

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Namibian Offshore Basins

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Namibe Basin

Luderitz Basin

Orange Basin

Tower/Arcadia/Repsol

Chariot/BP/Petrobras

COOPER

Eco Atlantic Blocks

HRT

Walvis Basin

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Comparables: Net Prospective Resource

11

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Africa Oil Chariot Oil & Gas

Eco Atlantic Energulf Resources

Serica Energy

Tower Resources

Mill

ions

of B

arre

ls O

il

Note: values (MMbl) estimated of 2D and/or 3D seismic

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Peer Comparables

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Company Ticker Market Cap $CAD (MM)

Enterprise Value ($MM)

Unrisked Net Resources

(MMbl)

EV/Unrisked Resources

($/bbl)

Notes

Africa Oil AOI.V 1,660 1,57.5 5,326 0.0237 Drilling Q1/2012

Chariot Oil & Gas CHAR.AIM 250 75 11,231 0.03 Drilling July 2012

Eco Atlantic EOG.V 37 30 12,740 0.00 3D seismic 2012/ Leads Identified

Energulf Resources ENG.V 36 35.0 467 0.083 Drilling in 2012

Serica Energy SQZ.TSX 65.4 58.5 1,410 0.04 Projects from Seism. To product (BP farm in)

Tower Resources TRIP.AIM 63.4

42.40 2,200 0.02 Drilling NAM H2/2012

AVERAGE Excluding ECO

$0.04/bbl

Eco Atlantic is Undervalued Compared to its Peers With Significant Upside Potential

* Not all NI 51 101 Compliant Source: M Partners

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Visible Oil Seeps

Eco Atlantic Blocks surround HRT Walvis Basin blocks to be drilled in 2012

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Farm- in Partners Offshore Blocks Azimuth Ltd. – 20% Working Interest / 40% carry A well-funded, rapidly-growing company equipped with the technical capabilities of a mid cap E&P

firm. Backed by majority-owner Seacrest Capital Ltd, a Bermuda based energy investment group, and Petroleum Geo-Services ASA (PGS). Azimuth has access to the world’s largest multiclient seismic library, to leading edge geophysical expertise and to 85 subsurface specialists distributed in around the world.

• Azimuth – 20% Working interest. Will fund 40% of 3D offshore (over 10m$)

NAMCOR – 10% Carried Interest Wholly-owned by the Republic of Namibia, National Oil and Gas Company. Main business is to

ensure the optimum exploitation of Namibia's petroleum resources & Namibian participation in petroleum related exploration activities. NAMCOR acts as advisors to the Ministry of Mines & Energy, assists in monitoring the exploration activities of licensees

• Eco will benefit from access to NAMCOR’s geological survey as well as an indirect

opportunity to further cooperate on NAMCOR’s own held blocks • Carried interest until first production

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Guy Technical Highlights Guy License

P50 (Best) probabilistic estimate: 9.2 billion barrels of recoverable oil

• Eco – Operator and 70% working interest • Conventional oil targets • Water Depth: 2,000 to 3,500 m range • Depth: 3,500 to 5,100 m to top of structures • Seven significant resource leads within the Lower Cretaceous and Tertiary Sections (Oil) • Leads are structural and fault bounded, faults down to Early Cretaceous Synrift Section • 10 to 150 meters of pay thickness • Seven Leads cover and estimated 1,564 km2 are from 17 to 417 km2 each • Estimated 20% recovery factor • 350 API oil and 21% porosity

Gustavson NI-51-101 Prospective Resource Report : May 21, 2012

Seven Concentrated Leads Up to 150m of Pay

1,564 km2 (17 to 417 km2 each

Completed NI51-101 Resource Reports: Gustavson Assoc. Probabilistic Lead Report 100% WI Best (P50) 9.2 Billion Barrels

Guy Block

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Sharon Technical Highlights Sharon License

P50 (Best) Probabilistic Estimate: 7.79 Billion Barrels of Recoverable Oil

• Eco – Operator and 70% working interest • Conventional oil targets in the Walvis Basin • Shallow water over targets: 150 m range • Shallow resource targets : 2,600 m range • Two significant resource leads within the Lower Cretaceous sands (Oil) • Source rock is approximately 3,700 m deep – peak oil generation window • Lower drilling risks and lower drilling costs • 25 to 150 meters of pay thickness • >1200 km2 of lead area on the two leads • Estimated 20% recovery factor • 320 API oil and 21% porosity

Gustavson NI-51-101 Prospective Resource Report : March 6, 2012

Completed NI 51-101 Resource Reports: Gustavson Assoc. Probabilistic Lead Report 100% WI Best (P50) 7.79 Billion Barrels

Two Large Concentrated Targets 50-100 m Pay, Shallow Water,

Shallow Depth

Sharon Block

Block 2213A & 2213B

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Cooper Technical Highlights Cooper License

P50 (Best) probabilistic estimate: 1.15 billion barrels of recoverable oil

• Eco – Operator and 70% working interest • Conventional oil targets • Shallow water over targets: 400 m range • Shallow resource targets : 2,000 m range • Five significant resource leads within the Upper Cretaceous sands (Oil) • Source rock is approximately 3,700 m deep – peak oil generation window • Lower drilling risks and lower drilling costs Aptian source rocks beneath may be gas prone • 35 to 75 meters of pay thickness • 107 km2 of lead area on the five leads • Estimated 20% recovery factor • 350 API oil and 21% porosity

Gustavson NI-51-101 Prospective Resource Report : February 1, 2012

Five Large Concentrated Targets 35m Pay, Shallow Water,

Shallow Depth

Completed NI 51-101 Resource Reports: Petrotech Engineering/Gustavson Assoc. Deterministic Lead Report 100% WI Best Conservative (P50) 412 Million Barrels

Probabilistic Lead Report 100% WI Best (P50) 1.15 Billion Barrels

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April 2011 Private Placement

Raised $3M @ $0.40/unit equivalent

Eco Atlantic Milestones Timeline

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August 2011 Cooper, NI 51-101 Best Estimate (P50)

1.1 BBL Oil

June 2011 Acquired 2D Seismic Data Interpretation & Processing

Offshore Blocks

Nov 29, 2011 Trading

TSXV:EOG

January 2011 Acquisition

Eco Oil & Gas Acquires Eco (Namibia)

March 2012 Sharon, NI 51-101 Best Estimate (P50)

7.8 BBL Oil

March 2011 Granted Licenses Onshore & Offshore

Namibia

Eco (Namibia) Established

January 2012 Private Placement

Raised $6M @ $0.60/unit

April 2012 NSX Listing NSX:EOG

Milestones

May 2012 Guy, NI 51-101

Best Estimate (P50) 9.2 BBL Oil

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Exploration Budget

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Schedule & Expenditures Over three Years Attributable to Eco

Fiscal Year 1 (Completed)

2D Seismic program – acquisition & interpretation, desktop studies & Environmental Impact Study

$ 3 million

Actual spend $4.5million

$ 3 million

Actual spend $4.5million

Fiscal Year 2 + 3 (Ongoing)

Offshore 2500 km2 of 3D seismic program & processing (Guy, Cooper, Sharon) Onshore Exploratory Drilling

$ 25 million*

$ 2 million

$15 million

$ 2 million

Total $27 million $ 17 million

These amounts are company defined targets that are more aggressive than government required expenditures

* 40 percent of 3D costs funded by Azimuth for farm- in of 20%

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Corporate Overview Eco Atlantic TSX-V: EOG, NSX:EOG (as at March 31, 2012) Share Structure Number of Shares

Shares Issued and Outstanding 60,754,653

Warrants 7,945,341

Options 5,130,000

Total Shares Fully Diluted 73,871,994

Cash Approx $7 million

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Analyst Coverage

Cormark Securities

Clarus Securities

M Partners

Holdings

Management + Board 30%

Institutional 40%

Retail 30%

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Contact Information

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Corporate Office:

Canada 120 Adelaide Street West, Suite 1204 Toronto, Ontario M5H 1T1 Namibia Office:

269 Independence avenue, 8th floor Windhoek

Corporate Contact:

Gil Holzman President & CEO gil@ecooilandgas.com Julia Maxwell Manager, Investor Relations jmaxwell@ecooliandgas.com +1 416 361 2211

info@ecooilandgas.com www.ecooilandgas.com

Eco (Atlantic) Oil & Gas Ltd.

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Appendices

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Offshore

Block Size: 5,000 km2 (acres: 1,235,000) Access: Floater License: 70% working interest, Eight years Partners: Azimuth Ltd. 20% WI, NAMCOR 10% WI Water: 200 m to 500 m Target: Basal Tertiary Clastics and Turbidites (2,000 m - 2,300 m), upper Cretaceous Clastics and Turbidites (2,400 m - 2,700 m), lower Cretaceous Carbonates (3,300 m - 3,600 m) Commitment: Year 1: Initial desktop study to review all available seismic and current information (Completed) Year 2-3: Complete a 500 km2 3D seismic survey across the block Year 4: Drill an exploration well - estimated depth of 4,000 m

Cooper

Cooper License Block 2012A

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Offshore Block size: 10,000 km2 (Acres: 2,471,000) Access: Jack-up License: 70% Working Interest, Eight years Partners: Azimuth Ltd. 20% WI, NAMCOR 10%WI Water: 0 m to 200 m Target: Basal Tertiary Clastics and Turbidites (1,800 m - 2,000 m), upper Cretaceous Clastics and Turbidites (2,200 m - 2,400 m), lower Cretaceous Carbonates (3,100 m - 3,300 m) Commitment: Year 1: Initial desktop study to review all available seismic and current information Year 2-3: Complete a 1,000 km2 3D seismic survey across the block Year 4: Drill an exploration well - estimated Depth 3,700 m

Sharon

Sharon License Blocks 2213A & 2213B

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Offshore Block Size: 10,000 km2 (Acres: 2,471,000) Access: Semi/floater License: 70% working interest, Eight years Partners: Azimuth Ltd. 20% WI, NAMCOR 10%WI Water: 2,000 m depth (east side targeted) Target: Basal Tertiary Clastics and Turbidites (3,100 m - 4,600 m), upper Cretaceous Clastics and Turbidites (3,500 m - 5,000 m), lower Cretaceous Carbonates (4,400 m - 5,900 m) Commitment: Year 1: Initial desktop study to review all available seismic and current information Year 2-3: Complete 1,000 km2 3D seismic survey across the block Year 4: Drill an exploration well - estimated depth 6,000 m

Guy

Guy License Blocks 2111B & 2211A

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Onshore

Block Size: 30,000 km2 (Acres: 7,413,000)

Access: Truck mounted mobile drilling rig

License: 90% Working Interest, Eight years

Partner: NAMCOR, 10%

Target: Karoo Coal and Shale Sequence (estimated

800 m depth 60 m thick) CBM and tight shale

Commitment: Year 2+3: Initial desktop study of the resource. Selection of initial drilling target, wireline coring and gas content/volume testing and Maceral evaluation Estimated drill depth - 1,200 m By End Year 4: Drilling of a five spot pilot well test program

Onshore

Block 2013B, 2014B, 2114 & 2418

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Local Namibian Participation

• Eco Atlantic acquired Namibia local company, Eco Oil & Gas Namibia ltd., holding license applications, for consideration of 20% of Eco Atlantic Oil & Gas

• Helmut Angula, ex Deputy Minister of Mines and Energy, Elected to Board Of Eco Atlantic

• Jose Bastos, Co founder of Welwitcshia & Indira Ghandi hospitals in Namibia, elected to Board of Eco Namibia

• Naeman Amalwa and Phillipine Angula appointed as Country Managers

• Local corporate office in Windhoek

• Strong Relationship with NAMCOR, National Oil and Gas Company

• NAMCOR has a carried 10% interest in the licenses to production

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