Corporate Presentation, March 2013. Disclaimer The presentation is for informational purposes only and is not intended as a solicitation or offering of.

Corporate Presentation, March 2013

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.

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.

Measurement

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.

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

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

Management Team

• Laurie Smith, P. Geol., President

• David Erickson, P. Geol., Vice President & COO

• Sharon Supple, CA, CFO

• 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

History

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

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

Areas of Activity

Undeveloped Land Holdings

(December 31, 2012)

Gross NetAcres 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%

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

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

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

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

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

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)

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

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

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 DirectorsLaurie 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