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AMAZING ENERGY OIL & GAS, CO.

FORWARD LOOKING STATEMENTSThis presentation of Amazing Energy Oil and Gas, Co. (“AMAZ” or “Company”) contains forward-looking statements within the meaning of the federal securities laws. Any statementsthat express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are notstatements of historical fact and may be deemed “forward-looking statements.” Forward-looking statements can often be identified by the use of words such as “may,” “will,”“estimate,” “intend,” “continue,” “believe,” “expect,” “plan,” “propose,” “projected,” “seek,” or “anticipate,” although not all forward-looking statements contain these or otheridentifying words. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks anduncertainties which could cause actual results or events to differ materially from those presently anticipated. Such forward-looking statements relate to, among other things:expected revenue, cash flow and earnings growth; estimates regarding oil and gas reserves, future oil and gas prices and present values of such reserves; strategies and timelines forgrowth of the Company’s business; and projected capital expenditures. These statements are qualified by important factors that could cause the Company’s actual results to differmaterially from those reflected by the forward-looking statements. Such factors include, but are not limited to: the Company’s ability to locate and acquire suitable interests in oil andgas properties on terms acceptable to the Company; the Company’s ability to obtain working capital as and when needed on terms acceptable to the Company; the ability tointegrate, manage and operate acquired oil and gas properties; the ability of the Company to build and maintain a successful operations infrastructure and to retain key personnel;possible insufficient cash flows and resulting illiquidity; government regulations; lack of diversification; political risk, international instability and the related volatility in the prices ofoil and/or natural gas; increased competition; stock volatility and illiquidity; the Company’s potential failure or inability to implement fully its business plans or strategies; generaleconomic conditions; and the risks and factors described from time to time in the Company’s offerings, reports and filings with the U.S. Securities and Exchange Commission (the“SEC”). The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, toupdate or revise such statements to reflect new circumstances or unanticipated events as they occur.

The information contained in this presentation is provided by the Company for informational purposes only and does not constitute an offer to buy or an invitation to sell securities ofAMAZ or other financial products. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making aninvestment decision. The views, opinions and advice provided in this presentation reflect those of the individual presenters, and are provided for information purposes only. Thepresentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty,expressed or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions in this presentation. To the maximum extentpermitted by law, neither the Company nor any of its respective directors, officers, employees or agents, nor any other person accepts any liability, including, without limitation, anyliability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation.

Cautionary Note to Investors Concerning Oil and Gas Reserve Estimates: The SEC permits oil and gas companies, in their filings with the SEC, to disclose only “Proved” reserves that acompany has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. thecompany uses certain terms in this presentation such as “Probable” or “Possible” oil and gas reserves that are not recognized by the SEC and the Company cannot include them in itsSEC filings. Investors are urged to consider closely the disclosure in the Company’s SEC filings which can be obtained at www.sec.gov.

CORPORATE SUMMARY

Amazing Energy Oil and Gas, Co. (OTCQB: AMAZ) is a Plano, Texas-based Amazing Energy Oiland Gas, Co. is an independent oil and gas exploration and production companyheadquartered in Plano, Texas. The Company’s operations are currently focused in the PermianBasin and Gulf Coast region where it controls over 75,000 acres between their rights in PecosCounty, Texas and assets in Lea County, New Mexico, and Walthall County, Mississippi.Founded in 2009, the experienced management team is aggressively developing operationsand acquiring rights to a large acreage footprint, providing development opportunities formany years to come. AMAZ’s management understands what is required to build an oil andgas company from the ground up, having successfully done so multiple times. With over 200years of combined industry experience, management is employing new technologicaladvancements, careful geological evaluation, reservoir engineering, and leveraging long-standing industry relationships to build a profitable and successful public oil and gas company.

OVERVIEW: Amazing Energy Oil & Gas Significant Resource Potential

Amazing’s assets have stacked pay zones that hold deep vertical and horizontal potential

Pecos County, TX Rights & Operations (Permian Basin)Amazing has agreed to drill a well within the 70,000 acres leasehold every 4 months to any depth Continuous drilling obligations can be “banked” $200 to $300/acre bonus payable at time of leasingAmazing must prepay $200,000 deposit in escrow to JP Morgan to advance future

leases every 5 years- made July 2017 for the following 5 years thru 2022Adjacent to the prolific Yates Oilfield which has produced over 1.6 billion barrels

Denver Mint Project Walthall County, MS (Gulf Coast) Lower Tuscaloosa Fields in area has produced over 136 MMBO dating back to 1958Dinan Field (Denver Mint) discovered in 1970 has produced 5.9 MMBO from Lower

Tuscaloosa Existing wellbores, field infrastructure, and saltwater disposal well reduces cost/time Plans and funding to restore & enhance production to > 300 BOPD over 6-12 months

with multiple workovers identified in proven Lower Tuscaloosa pay zones where secondary recovery is highly effective

Expand production into shallow regional pay zones to achieve recoverable reserves estimated at 2.7 MMBO

Lea County, NM Operations (Permian Basin) Existing production, infrastructure, 3 SWD’sDevon Energy (NYSE: DVN) 30% WI partnerMoyes & Co. 3rd party engineering reserve estimate – NPV-10: $62,951,000Approx. 93 potential 1-mile, horizontal drilling locations- EURs= 250 Mbbls/well

OTCQB: AMAZ (Dec 2019)Shares Outstanding 97 mmPreferred B 50,000Average Volume 58.37KWarrants 9,100,158Options 31,585,000Float 20.4%Stock Price $0.15Market Cap $14.67MEnterprise Value ~$20M

Lea County, NMWest Sawyer Field

Pecos County, TXIndian Mesa Field

Walthall County. MSDinan Field

PECOS COUNTY, TX PRIME ASSETS IN A PRIME BASIN

INDIAN MESA

OVERVIEW: PECOS COUNTY, TX Primary Location

Central Basin Platform between the Midland and Delaware Basins History suggests vertical and horizontal potential from stacked pay zones

Operations in Pecos County Over 1,800 oil and gas producing leases, ~200 licensed operators and over

20,600 drilled wells Offset operators include Concho, Apache, Pioneer, Diamondback, Occidental

Petroleum, Kinder Morgan and Jagged Peak Adjacent Fields – Over Two Billion Barrels Total

Yates Field – Over 1.6 billion barrels of oil produced Walker Field – Over 10 million barrels of oil produced Taylor Link Field – Over 17 million barrels of oil produced

Amazing’s Position Account for rights within 70,000 acres lease hold (approx. 100 sq. miles), 100%

Working Interest, 75% Net Revenue Interest A total of 26 wells have been drilled on the property that are either producing

or in the process of being completed Lifting Cost is less than $10 per barrel

Potential Drilling Locations Approximately 3,500 potential drilling locations in a single Queen Sand Bench

with multiple benches on each for over 20,000 potential well locations

OFFSET OPERATORS: PECOS COUNTY, TX

CONTIGUOUS ACREAGE: PECOS COUNTY, TX

NO

TE:(1) “X” are Devonian W

ells approximately 7,500 feet

(2) All black dots are/where successful oil producing w

ells

STACKED PAY ZONES: PECOS COUNTY, TX

ECONOMICS AND DEVELOPMENT SCHEDULEQUEEN FORMATION WELL (1,900’ – 3 BENCHES)

Two vertical wells drilled every month and one horizontal well drilled every three months

Four vertical wells and one horizontal well drilled every month

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Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22

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• Company cost to drill and complete 2000’ well - $200,000 per well

• 25 bopd x $45 per barrel x .93 taxes x 30 day month x NRI .75 = $23,540/well minus operational cost ($1,000 per well) for net revenue = $22,450/month per well

• Return of capital – approximately 8.9 months at $45 oil prices

• 15 bopd x $45 per barrel x .93 taxes x 30 days in month X NRI .75% = $14,124 minus operational cost ($1,000) for a net revenue= $13,124/ month per well

• Return of capital – approximately 15.2 months at $45 oil prices

• Not counting any tax advantages

DENVER MINT PROJECT-Prolific Region

Regional Setting:

• Lower Tuscaloosa Fields in Pike and Walthall Counties, Mississippi have produced over 136 MMBO dating back to 1958.

• These fields range in depth from 10,100-11,100 ft.

• Dinan Field was discovered in 1970 and has produced 5.9 MMBO from the Lower Tuscaloosa B, C, and D sands.

• The Denver Mint Prospect is located in Dinan Field.

Denver Mint Prospect

DENVER MINT PROJECT-Stacked Pay

• Dinan Field has produced from (3) Lower Tuscaloosa Stringer pay sands:

-B Sand = 1,547,529 BO -C Sand = 1,247,002 BO -D Sand = 3,141,757 BO

• The B Sand has not been developed to its complete extent

• The D Sand was the thickest and most prolific pay zone in the field and will be the target of a secondary recovery project.

• Several wells are existing producers that simply need maintenance or facilities work to be returned to production.

• Shallow Yegua, Cook Mountain, and Sparta pay zones above 3,300 ft. are regional pay zones that have not been produced in Dinan Field .

DENVER MINT PROJECT-Development• The goals of the Denver Mint Prospect

are to: Restore existing Lower Tuscaloosa

production Pursue Lower Tuscaloosa

waterflood project Perforate and test shallow 3,300

ft. zones Recomplete wells in other Lower

Tuscaloosa zones

• Each of the nine available wellbores will be used for one or more of these purposes.

• These operations can be done in several phases over the next 6-12 months using a minimum amount of capital and bring the field’s total daily production up to 300 BOPD or more.

2020

2020

LEA COUNTY, NMPRIME ASSETS IN A PRIME BASIN

WEST SAWYER FIELD

West Sawyer Project (Lea County, NM) Primary Location

Western Permian Basin in Lea County, NM Field production suggests vertical and horizontal potential from

stacked pay zones including San Andres, Devonian, Pennsylvanian and Wolfcamp

Operations in Lea County Three units-reduces operational costs 4 horizontal wells drilled + SWD system with 2 Devonian wells Existing electrical grid and gas gathering system

Adjacent Field Sawyer Field has produced over 5.4 MMBO from vertical San

Andres production alone San Andres Primary target for HZ development is shallow at 5,000’

Amazing’s Position 5,385 gross acres/4,682 net acres- 56% avg. WI and

operatorship Built in JV Partnership on two of three leases with Devon Energy (NYSE: DVN) and EOG (NYSE: EOG WI partner)

Potential Drilling Locations Approximately 93 potential horizontal drilling locations targeting the prolific San Andres with additional potential in

multi-stacked pay Reserve Book

Moyes & Co. estimates – NPV-10: 1P $9,561M; 2P $28,345M; 3P $25,045M; Total: $62,951M & EURs 250 MBO/ well

WEST SAWYER– Estimated Resource Potential

• Permian Dolomite 7-8% porosity• Covers entire acreage block• Resource Potential:

16,900 gross acres27 avg. ft. oil pay in Zone A29 avg. ft. oil pay in Zones B & C 15,700 BOIP/ac. @ 15% Rf39,800,000 BO recoverable

to 100% WI

OVERVIEW: JILPETCO OPERATING

Wholly Owned Subsidiary Jilpetco is a wholly owned oilfield services company that owns

and operates drilling, completion, workover rigs and lease operational services equipment

Only services Amazing Energy and related parties Positive Synergistic Effects From Jilpetco Acquisition

Created an all costs reduction Improved efficiency and capability to drill new wells Talented and experienced staff added to Amazing’s operations

Near Term Growth Jilpetco is expected to grow at the same rate as the Pecos

County operations Notable Assets

Multiple rigs, trailers, trucks, cat grader and a backhoe loader Minimal office and tech equipment needed to operate Standby equipment for all operational needs

OFFICERS & DIRECTORSEXPERIENCE TO LEAD THE WAY

Bruce MillerBoris P. Abad-Guerra, MS, PHD

C. P. Geologist /P. Geoscientist

CONSULTANTS: AMAZING ENERGY

More than 20 years of leasing approximately 500,000 acres in 6 states He has worked every major oil and

gas basin in the U.S. for companies ranging from private equity to public companiesHas been instrumental in activities of

over 1,000 wellsHas participated in over 200 wells

personally His experience with all activities

from leasehold to production

Over 40 years Oil and Gas industry experience

Attended Penn State on the Fulbright and LASPAU scholarships, PhD Program sponsored by Penn State

Experienced in scientific and economic analysis, oil and gas prospect and project evaluation, design and implementation of water-flooding and EOR, oilfield operations, training technical teams, government, national and private oil company negotiations

Lucas Knickerbocker

Over 35 years experience in Geology

Worked for Exxon Production Research in South Texas, the Permian Basin, the Rockies and Alaska

Extensive experience in Permian Basin geology including extensive digital database build

Experience in multi-well drilling programs in Texas and New Mexico, Petra mapping, data base, 2-D/3-D seismic interpretation software, and production and scout data

GeologistLand Manager

Over 30 years of executive leadership; Founder and President of PBA Consultants, Inc.Founder and CEO of Alford

Investments since 1993Director of Revett Minerals

Company, and rang the bell with the team for the NYSE Amex listing on Wall StreetBoard member for Wells

Fargo Bank of NC, as well as for several non-profit boards

Rolf BergTony Alford

BOARD OF DIRECTORS: AMAZING ENERGY

Worked for national investment firms headquartered in New York Formed an investment banking

consulting firm serving retail brokerage and registered investment advisory firmsOver 45 years in the financial

services and investment banking businessServed on the board of

directors for a public oil and gas exploration and production company in Dallas

Founded Infinitive, Inc., a manufacturing “job shop” in 1979Supported an original

equipment manufacturer, or OEM.Currently is a supplier to

Class 1 railroads and short lines both in the United States and abroad

Ed Devereaux

DirectorCOB Director

Tom Thornhill

President and partner of Koeppler Management, managing commercial and residential properties

Partner is City Center, a 500,000+ square foot commercial mall

Member of Wisconsin Waterways Commission; appointed by Governor Jim Doyle

Board member of the Boys and Girls Club of Oshkosh

Managing Partner at Thornhill Law Firm, APLC with 41 years experience as a trial lawyer with casualty litigation, mass tort and personal injury practices; practice also includes areas of energy, insurance, and business

Operates Thornhill Energy, Inc., developer and operator of up-stream oil and gas energy; and Energy Development Services, Inc., a mid-stream, off-shore, port developer for the state of Louisiana

Louisiana State House of Representatives from 1996-2000, Past President and current Board Director of the LA Association for Justice; and Board Director of Southern Trial Lawyers

B.A. in Political Science, Juris Doctorate in Law, and studied toward a Master’s in Petroleum Engineering

Co-owner of Royal Glass of Amarillo, Ltd. a 62 year old company that designs and furnishes premier projects

Accredited Architectural Hardware Consultant

Business Planning and business development are some of his key assets

Director

Kurt KoepplerBob Manning

Director Director

BOARD OF DIRECTORS: AMAZING ENERGY

CONTACT US: INVESTOR RELATIONS

Get In Touch

info@amazingenergy.com