Investor News Update

Public Company: Junior oil and gas producer: Listed on the Toronto Venture Stock Exchange. Trading Symbol is VUX.

Shares Issued:

50,000,000

Fully Diluted:

55,000,000 (5 million options at $0.25/share).

Management/Directors
Ownership:

51%

Proven Oil (10%DCF)
Reserve Value:

GLJ Petroleum Consultants December 31/13: $ 20MM.

Working Capital:

$5.0MM.

Debt:

None.

Capex:

Oil Production Forecast:

Current: 150 BOPD. Exit Q3 2015: 600 BOPD.

Operational Focus:

Development of light to medium gravity crude oil reserves in the Provinces of Alberta and Saskatchewan.

Depending on amount of additional funding expect to exit Q4 2016 at 3,000 - 4,500 barrels of oil per day from full development of ?Core Properties? only. With successful farmout development of the ?Non Core?properties expect to exit Q4 2016 in excess of 6,500 barrels of oil per day.

Core Areas - Project Summary:

Gull Lake Area, S.W. Saskatchewan

Operator. 50% working interest.
3D seismic. Medium gravity crude oil.
7 producing wells Roseray formation. 1 water injection well.
Up to 20 potential vertical infill well locations.
Prospective for oil production also from the Cantuar and Shaunovan formations
Potential horizontal well development.
Vertical Well IP rates 100-200 BOPD each.
Well Costs: Vertical: $750K (D&C&E). Horizontal: $1.5MM (D&C&E).

Pennant Area, S.W. Saskatchewan

Operator. 100% working interest.
3D seismic. Medium gravity crude oil.
1 producing vertical well. 2 producing HZ wells. 1 drilling HZ well.
In excess of 30 potential development HZ well locations.
IP?s for vertical wells: 40-60 BOPD each well. IP?s for HZ wells: 150-200 BOPD / well.
Well Costs: Vertical: $750K (D&C&E). HZ: $1.5MM (D&C&E).

Non-Core Areas - Project Summary:

Hayter and Llydminster Areas, Central Alberta
Cactus Lake, Clarke Lake, Hillmond and Standard Hill, Areas, Central West Sask.

Operator. 100% working interest.
Heavy oil
Low risk but relatively high operating costs.
2D seismic.
Farmout to or joint venture with, an area operator who has facilities and infrastructure in the area and therefore lower operating costs.

Baxter Lake Area, Central Alberta

Operator. 100% working interest.
2D seismic
3 producing wells. 6 vertical well infill drilling locations.
Well Costs: Vertical: $650M (D&C&E).
Farmout to a third party.

Redwillow and Sullivan Lake, Central Alberta

Operator. 100% working interest.
Medium gravity oil. 3D seismic.
Large land position. Relatively shallow drilling depths.
Farmout to a third party.

Panny, N.E. Alberta

Operator. 100% working interest.
Light oil. 3D seismic.
Up to 10 vertical well drilling locations.
IP's of 100-200 BOPD for each well.
Low Risk Development.
Vertical well cost is $1.5-$2MM (D&C&E) per well.
Farmout to a third party.

Kidney, N.E. Alberta

Operator. 100% working interest.
Light oil. 2D seismic.
1-8 vertical well drilling locations.
IP?s of100-200 BOPD for each well.
Medium Risk Exploration.
Vertical well cost is $1.5-$2MM (D&C&E) per well.
Farmout to a third party.

Sturgeon Lake, Alberta

Operator. 100% interest.
Large land position. 3D seismic.
Medium Risk High Reward.
Light oil potential from multiple formations including the Leduc and Montney.
Potential IP's of 300-500 BOPD each vertical well. Well costs $3.5MM.
Farmout to a third party.