Emerald Bay Corporate Overview

Corporate

Overview

TSX Venture: EBY

May 8, 2014

This disclosure contains forward-looking statements including opinions, assumptions, estimates and expectations of future production, cash flow and earnings. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, the volatility of oil and gas prices, the ability to implement corporate strategies, the state of domestic capital markets, the ability to obtain financing, changes in oil and gas acquisition and drilling programs, operating risks, production rates, reserve estimates, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities.

Issued and Outstanding 140.7 MM shares

Insider Ownership: 35%

52 week high: $0.06 - low: $0.01

52 week trading volume: 70.1 MM

2014 YTD trading volume: 46.7 MM shares

Shelby Beattie , President and CEO

Over 34 Years industry experience specializing in exploration, production, and project management.

Mike Rice, CFO

Over 15 years of industry experience specializing in energy financing and production operations.

Gibson C. Scott , COO

Over 36 years of global industry experience. Formerly the Canadian Manager of Sperry-Sun Drilling

Services, a directional drilling services company owned by Halliburton.

Andrew Alff, Geologist

Over 36 years of experience in geology with specific domain experience in fault and fracture detection in

Texas.

Bill Locklear, Petroleum Engineer

Over 46 years of specific industry experience related to drilling and completion operations.

Hugh Scott, Landman

Over 30 Years industry experience specializing in mineral rights acquisition and management.

Emerald Bay Energy Inc. (EBY-V), a Canadian oil & gas producer publicly

traded on the TSX Venture Exchange, was founded in 1998 as a Research

and Development entity to develop the patented Lateral Drainhole Drilling

Technology.

In 2005 the Company wound down it’s R&D efforts and transitioned to an

E&P focus for exploration and development of Central Alberta natural gas.

By the time natural gas prices collapsed in 2009 the Company had

established a significant land position in Alberta with over 50 drilling

locations and had grown production to over 200 boe/day.

With Alberta production shut-in due to instability in natural gas prices,

Emerald Bay began the transition to pursue South Texas oil opportunities in

2010.

Current state of Alberta gas wells drilled prior to

2009 ◦ 13 producing wells

◦ 10 shut-in wells

◦ 15-20 drilling locations for future development

Minimal production to keep leases active.

4 well pilot project in-progress

12 wells in 3 areas have been identified if pilot is

successful.

Pilot project to jointly develop, own and operate a

natural gas fired electrical power generation plant

in the Nevis area.

Rated at approximately 980 kW.

4 coal bed methane wells will be used as the fuel

for the power plant.

It is expected to be completed by mid-year 2014.

With over 2 ½ years of planning and development, EBY is

now positioned for growth with plans to exploit numerous

oil opportunities in South Texas.

EBY put in place strategic partnerships with key private

investors and industry partners for Texas acquisitions and

development.

Business model created to acquire a mix of low-risk solid

return with medium-to-high risk exploration.

Management has drilled over 200 wells within the focus

area since 1981

Access to quality services at competitive costs

Finding, development, and operating costs competitive

or better than Canada

Large percentage of land/minerals held privately

Small companies with regional expertise and knowledge

base can assemble a significant land position quickly.

San Antonio Houston

Texas

Austin

EBY/PRI Wooden Horse

Cottonwood Creek

Nash Creek

Holmes Lake

EBY Confidential

Provides the Company with low-risk “oil” targets for

diversification with Central Alberta Gas

100+ “in-fill” drilling targets in Medina County.

“Stacked” zones of interest are: Escondido Olmos Anacacho

Management has extensive experience in the area.

Excellent geologic control with year-around access to

drilling locations

Long life reserves

Oil produced from traps generated by faults

Shale barrier provides the trap on the down thrown side

Fault throws can trap the intervals and provide commercial opportunities with the use of horizontal drilling practices and properly designed facilities to handle fluid quantities

Caldwell, Bastrop, and Guadalupe Counties have been the source of multiple Limestone developments

EBY geologist (Andy Alff) has spent the last 30+ years mapping the fault structures in the region. His discovery of the Edwards “C” zone as a horizontal target fueled the growth of numerous operators such as TPIC, Eagle Energy Trust and North-South Oil.

Guadalupe County

Zones of Interest ◦ Austin Chalk

◦ Buda Limestone

◦ Georgetown

◦ Edwards Limestone

◦ Pearsall Shale

Field size is estimated to be 3000+ acres

1400+ acres currently secured

Average price per acre will be $150 to $350

Activity to date ◦ 3 exploratory wells (1 horizontal and 2 vertical)

◦ 1 disposal well

◦ 5 pay zones tested during the past 8 months

Guadalupe County

Zones of Interest ◦ Navarro

◦ Austin Chalk

◦ Buda

◦ Edwards Limestone

◦ Pearsall Shale

Activity to date ◦ 2 exploratory wells

◦ Testing second interval in Poenitz 1

◦ Testing 1st interval in Poenitz 2

Guadalupe County

Zones of Interest ◦ Pecan Gap

◦ Austin Chalk

◦ Buda

◦ Edwards Limestone

◦ Pearsall Shale

1200+ acres currently secured

Activity to date: ◦ Purchased existing Pecan Gap well on the land. It flows with no

electricity.

◦ Secured a salt water disposal well permit

◦ 3D seismic program in-progress.

Optimum production configuration is 4 producing

horizontal wells and one disposal well.

Low cost of entry provides a possible “company-

maker” scenario if successful.

$3.5 to $4 million total investment in “optimum”

configuration

LOE projected $12+- per barrel (including

transportation)

Expenditure 100% Date Potential

BBLS

Perforation/Stimulation of Kuhn 1H in Edwards “A” $85,000 May 14 75

Mill window and drill HZ well at Imhoff 1 $325,000 June 14 50

3D seismic at Nash Creek & Wooden Horse $194,000 June 14 0

Drill SWD well & Facility at Nash Creek $980,000 July 14 0

Nash Creek 1H $820,000 Jul/Aug 14 125

Kuhn Unit 2H in the Edwards “A” $800,000 Jul/Aug 14 125

2 Navarro/Chalk Wells at Cottonwood Creek $475,000 Q3 14 25

3D Seismic program at Holmes Lake $115,000 Q3 14 0

Total $3,794,000 400

Unit Offering subject to TSX approval

$1.2 -$1.5 million

$0.05 minimum unit price ◦ 1 common share

◦ 1 common share warrant at $0.05 (12 months)

10% broker commission

10% broker warrants (unit for 12 mo @ $0.05)

Anticipated closing: June 6, 2014

Guadalupe County provides for potential

“company-maker” projects with multiple

exploration and development opportunities.

Multiple pay zones tested – ready for

development

PRI project provides a low-risk growth play

funded through cash flow.

Emerald Bay Energy Mike Rice, CFO

E: [email protected]

CHF Investor Relations Robin Cook

T: +1-416-868-1079

E: [email protected]