February 2018

Catalysts for Growth

Multi-zone Horizontal Oil Drilling Opportunities

Strategic Partnerships | Large Acreage Position

Point LomaSnapshot

• Growth steps in first quarter of 2018

o Increased volumes from re-activations in Leaman and Thornbury

o Increased liquids volumes from deep cut processing facility

o Increased oil volumes from acquired properties

• Current Inventory

o Over 150,000 net acres, deep inventory of multi-zone horizontal oil drilling opportunities

o For 2018 Point Loma is preparing 3 development locations, 3 exploratory opportunities and 5

new pool opportunities that may lead to potential multiple follow-up opportunities

• Strategic Partnerships

o 19.9% shareholder Evenergy Company Ltd. (“Evenergy” subsidiary of Zhongcheng Group,

one of the largest privately owned petroleum, oil products and LPG distribution and retail

companies in China), working with Point Loma to develop a sizeable Canadian E&P business

o 20% WI partner, Salt Bush Energy Ltd. (“Salt Bush”) subsidiary of ASX listed White Bark

Energy Ltd.

2PLX:TSXV

TeamExperienced Governance & Energized Team

Board of DirectorsSteve Dabner, P. Geol., Chairman; Reserves & HSE Comm

• Madalena, Online, Moxie, Trimox.

Jianjun Cui, PhD Geoph.; Comp & Gov Comm, Reserves & HSE Comm

• Evenergy, Sinochem

Kevin Baker, Q.C.; Audit Comm; Comp & Gov Comm

• Century, Calfrac, Baycor, Conleymax

Doug Dafoe, CPA; Audit Comm

• Thunder, Ember, Xtreme

Jay Reid, LLB; Comp & Gov Comm

• BDP, director 19 public companies

Don Brown; Audit Comm; Reserves & HSE Comm

• Independent, Elkwater

Terry Meek – President, CEO

• Thunder, Ember, Woma, Carnaby, Encal

Gordon Cameron – Corporate Secretary

• McCarthy Tétrault LLP

ManagementTerry Meek, P.Eng. – President, CEO

• Bio in Board of Directors Section

Kevin Angus, P.Geoph., ICD.D – Vice President New Ventures

• Mustang, Painted Pony, Surge

Randall Boyd, CPA, CGA – Vice President Finance and CFO

• Deventa, Masters, Chieftan

Dan Boyko, P. Eng. – Vice President Engineering

• NAL, Open Range, POCO

Travis Brookson, P. Geo. – Vice President Exploration

• TAQA, Ravenwood, Spartan

Jamie Chisholm, P. Eng. – Vice President Operations

• LTA, Westfire, Birchcliff, CNRL

Brad Johnston, B.Comm. – Vice President Land

• Carnaby, Galleon, Nexen

Troy Wagner, P. Eng. MBA – Vice President Acquisitions and

Development

• BNK, ArPetrol, Triangle, NAL

3PLX:TSXV

Basic Shares Outstanding 55,130,773

Fully Diluted Shares Outstanding 59,720,773

Insider Ownership (Basic / Fully Diluted) 39% / 43%

Management Ownership (Basic / Fully Diluted) 5.6% / 10.3%

Market Capitalization (Basic)(1) $15,712,000

Convertible Debenture – Matures on June 28, 2021(2) $2,500,000

Management Average Cost – per share $0.55-0.59

Notes:

(1) Jan. 31, 2018 closing price per share

(2) Terms of convertible debenture - 3.0% interest with conversion price of $0.50 per share

TSXV – PLX

Share Price (Jan 31, 2018) $0.285

Capital Structure

4

Current production

Oil/Gas weighting

660 boe/d

25%/75%

• No Bank Debt

PLX:TSXV

Point LomaOverview and Strategy

• Point Loma has captured a significant

position on the highly prospective

multi-zone Mannville to Mississippian

fairway of West Central Alberta

• Over 150,000 net acres with

significant shallow to medium depth

horizontal drilling inventory (> 250 net

drilling opportunities)

• Consolidation acquisitions have been

at low industry metrics

• Growth strategy via organic drilling

across large land base and

opportunistic accretive acquisitions

• Working to unlock value for successful

exit strategy and generate

shareholder return

5

Leaman

Paddle River

Whitecourt

Wildwood

Westcove

LEAMAN

PADDLE RIVER

WHITECOURT

WILDWOOD

WESTCOVE

PLX:TSXV

Point LomaA History of Creative Deals That Add Value

• Paddle River Assets – July 2016

o $2.5M shares and $3.0M Debenture,

$14,000/boepd, $3.76/boe TP

o 135 boepd increased to over 400 boepd

by Sep. 2016

o Re-connected to new facility to unlock

potential value

• Ascent Energy – January 2017

o $0.5M shares, $12,500/boepd, $4.85/boe

TP

• Whitecourt Assets – February 2017

o $1.8M shares, $3,950/boepd, $0.78/boe

TP

o Additional suspended previously

producing wells of approx. 640 boepd

with plans to reconnect in 2018 to unlock

potential value

• Paddle River Assets – August 2017

o Suspended wells purchased for $0.3M

o Re-activate key well Nov. 2017

o Adds further horizontal drilling

opportunities

• Paddle River Assets – November 2017

o Two transactions for $0.4M consolidate

area development

o Improves facility optimization

o Adds further horizontal drilling

opportunities

6PLX:TSXV

Point Loma2018 Focus Opportunities

7

PADDLE RIVER• Horizontal Mannville

oil development

• Water injection/

process optimization

LEAMAN• Upper Mannville &

Jurassic HZ oil

WEST COVE• 3D Seismic

• Nordegg oil

development

• Banff oil exploration

WILDWOOD• Lower Mannville

exploration

opportunities

LEAMAN

PADDLE RIVER

WILDWOOD

WESTCOVE

PLX WI

Recompletions

Locations

PLX:TSXV

Multi-zone Oil and Liquids Rich Gas FairwayUpper Mannville Inventory

Blackspur

Bonavista

Tourmaline

Cenovus

Cardinal

Vermillion

Petrus

Industry

Success

Significant Horizontal Opportunity Base

Zone Bypass drilling

Opportunities (1)

Follow-up

Opportunities(1)

Glauconite 17 104

Other Upper

Mannville

15 90

Assumptions

Drill - $1.1M

Complete - $0.9M

Tie-in - $0.3M

20 stage frac,

20t/stage

(1)See Disclaimers for additional definitions of locations and opportunities. Follow up

opportunities are wells on industry standard spacing that may result from a successful

drilling opportunity.

Months Months

18 Regional Horizontal Wells – Oil and Gas Production By Well

• Over 5,500 well penetrations in

the area have identified our

bypass opportunities

8

OIL - bpd GAS - mcfd

PLX:TSXV

Multi-zone Oil and Liquids Rich Gas FairwayLower Mannville Inventory

Industry

Success

Significant Horizontal Opportunity Base

• Over 5,500 well penetrations in

the area have identified our

bypass opportunities

(1)See Disclaimers for additional definitions of locations and opportunities. Follow up

opportunities are wells on industry standard spacing that may result from a successful

drilling opportunity.

Assumptions

Drill - $1.1M

Complete - $0.7M

Tie-in - $0.3M

15 stage frac,

6t/stage

Blackspur

Bonavista

Tourmaline

Cenovus

Cardinal

Vermillion

Petrus

Zone Bypass drilling

Opportunities (1)

Follow up

Opportunities(1)

Ostracod 19 121

Ellerslie 5 30

Months Months

6 Regional Horizontal Wells – Oil and Gas Production

9

OIL - bpd GAS - mcfd

PLX:TSXV

Multi-zone Oil and Liquids Rich Gas FairwayJurassic Inventory

Industry

Success

Significant Horizontal Opportunity Base

Zone Bypass drilling

Opportunities (1)

Follow-up

Opportunities(1)

Rock Creek 3 18

Nordegg 8 58

(1)See Disclaimers for additional definitions of locations and opportunities. Follow up

opportunities are wells on industry standard spacing that may result from a successful

drilling opportunity.

Sinopec

Surge

New Star

LongRun

Assumptions

Drill - $1.1M

Complete - $0.6M

Tie-in - $0.3M

Acid stimulation

37 Regional Horizontal Wells – Oil and Gas Production

• Over 5,500 well penetrations in

the area have identified our

bypass opportunities

Months Months

10

OIL - bpd GAS - mcfd

PLX:TSXV

Duvernay West Shale Basin Land Position on Emerging Play

• Point Loma has 16,524 acres (13,105 net) prospective Duvernay rights

• Recent land sale activity surrounding Point Loma land base

• Horizontal exploration well currently being drilled adjacent to Point Loma land

Point Loma Map Area

West Shale Basin

East Shale Basin

Edmonton

Red Deer

2017 – Jan 24th 2018 Duvernay land sales

March 2018 upcoming crown posting

PLX Duvernay WI

11

Duvernay Exploration Drill

PLX:TSXV

Acquired 12-4Hz, producing

to PLX system.

PLX plans to re-enter and

complete 02/1-32 Hz in H1

2018.

Point Loma has entered into

agreements to acquire

additional lands; now 80%

WI in lands.

4-31Hz is being converted

to water injection as part of

our full field development.

Up to 12 (9.6 net) potential

horizontal development

opportunities.

Paddle River AcquisitionsConsolidation of Area WI for Mannville Light Oil

12

02/1-32Hz sidetrack plan16-29Hz PUD location4-31HzHz unbooked opportunity

Ostracod A Pool

Cum oil: 540 mstb

Cum gas: 3.0 Bcf

Paddle River FacilitiesOptimization Plan

Facility plan

• Construct central tankage, treating for

Paddle River lower Mannville oil

development.

• Re-route gas to deep cut facility and

increase NGL output.

• Add flowline capacity.

• Utilize existing well as water injector

• Save on emulsion/water trucking

• Support reservoir pressure.

Results

• Additional development of the

area could result in significant

savings.

• Increased revenues from ngl’s.

• Improved netbacks on future

drilling.

13PLX:TSXV

West Cove DevelopmentNordegg Oil and Gas Development and Banff Oil Exploration

5-31Hz recompletion confirms

upper section Nordegg oil/gas.

Planned follow-up Nordegg Hz well

with +15 potential development

opportunities.

PLX has recently purchased a trade

3D and is permitting to acquire new

3D data to de-risk upcoming

Nordegg drilling and will also be

analyzed to better understand the

potential in the Banff formation.

14

3D trade seismic

Banff pool

Nordegg pool

PLX new 3D

5-31 Hz

Paddle River FacilityRe-activation Plans and Increased NGL Recovery

Previously suspended production

targeted for re-activation in 2018.

Approximately 1.5 mmcfd (net) additional

volume and estimated incremental 100

bpd NGL’s.

Phases 1 & 2 targets for March on-

stream date. Phase 3 & 4 planned for

balance of 2018.

15

Previously producing wells

PHASE 1

PHASE 2

PHASE 3

PHASE 4

PLX:TSXV

Leaman Upper Mannville and Jurassic oilHorizontal Oil Drilling Opportunities

16

PLX has recently acquired section 27 for

potential in an Upper Mannville oil trend.

and plans to drill initial well in 2018 with up

to 20 potential follow-up opportunities.

A Jurassic oil opportunity has also been

identified in the area with vertical production

indicating potential for horizontal drilling

opportunities.

48 mstb, 0.9 BCF

1.0 BCF

U.Mann sand

Jurrasic channel

Drilling opportunity

PLX:TSXV

Wildwood Lower MannvilleNew Oil Opportunity

Point Loma has acquired lands with

indicated oil potential.

Ostracod sand has produced 3 mbbls

in Section 17 from vertical producers.

Hz opportunity identified with potential

for several follow-up opportunities.

17

Ostracod sandstone with 6 m > 9% porosity

L.Mann. sand

Drilling opportunity

PLX:TSXV

Wildwood Lower MannvilleTwo Zone Oil Opportunity

15-10-54-9W5 Hz exploration well is

licensed offsetting vertical well with oil

shows in Ostracod sand.

Current interpretation of pool size supports

up to 10 potential follow-up opportunities.

Additional opportunity to develop oil-

charged Ellerslie channel trend keying off

15-3 producer.

18

Ostracod sand

Ellerslie channel

Drilling Opportunity

15-10 Hz PLX License

15-3 Vertical Produced 17 mbbls of Light Oil from Ellerslie

PLX:TSXV

Stacked Mannville sands

are prospective throughout

the Whitecourt area.

Horizontal development and

vertical recompletions

identified targeting gas and

liquids.

Nordegg oil, Pekisko oil

potential.

35% WI in gas processing

facility provides economic

advantage. Excess plant

capacity estimated at 20-25

mmcfd.

WhitecourtHorizontal Oil and Gas Opportunities

19

Upper Mannville Trends

Pekisko Oil Trend

Point Loma WI

PLX:TSXV

ThornburyQ1 2018 Re-activation Opportunities Allow for Cost Effective Growth

Current production of 500 mcfd net, 80% WI

in gas compression facility.

Q1 2018 phase 1 approved plan re-activate

1.2 mmcfd net, net capital $0.4M.

Q1 2018 will also recomplete 4 wells, $0.1M

net capital.

Phase 2 proposed plan re-activate 0.6

mmcfd and 2.0 mmcfd 3rd party gas, 2019

opportunity.

Phase 1

Phase 1

Algar 12-28

Compressor

20

Phase 2

Why Point Loma (PLX)?Production Growth, Large Oil Drilling Inventory, Strategic Partnerships

21

• Growth steps in first quarter of 2018

o Increased volumes from re-activations in Leaman and Thornbury

o Increased liquids volumes from deep cut processing facility

o Increased oil volumes from acquired properties

• Current Inventory

o Over 150,000 net acres, deep inventory of multi-zone horizontal oil drilling opportunities

o For 2018, Point Loma is preparing 3 development locations, 3 exploratory opportunities and

5 new pool opportunities that may potentially lead to multiple follow-up opportunities

• Strategic Partnerships

o 19.9% shareholder Evenergy Company Ltd. (“Evenergy” subsidiary of Zhongcheng Group,

one of the largest privately owned petroleum, oil products and LPG distribution and retail

companies in China), working with Point Loma to develop a sizeable Canadian E&P

business

o 20% WI partner, Salt Bush Energy Ltd. (“Salt Bush”) subsidiary of ASX listed White Bark

Energy Ltd.

PLX:TSXV

Contact Information

Head Office2000, 350 – 7 Avenue SW

Calgary, Alberta T2P 3N9

403-705-5051

Contacts Terry Meek,

President, CEO

403-705-5051, e444

tmeek@pointloma.ca

Kevin Angus,

Vice President, New Ventures

403-705-5051, e440

kangus@pointloma.ca

Randall Boyd,

Vice President Finance, CFO

403-705-5051, e443

rboyd@pointloma.ca

Corporate Services

Legal Counsel

McCarthy Tétrault

Reserve Evaluators

McDaniel &Associates

Consultants Ltd.

Auditors

KPMG LLP

Transfer Agent

Computershare Investor

Services

22PLX:TSXV

Disclaimers

Forward-Looking Statements

Certain statements contained in this presentation may constitute forward-looking information and statements. Forward-looking information and

statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may",

"will", "could", "project", "predict", "propose", "potential", "targeting", "intend", "could", "might", "should", "believe", "budgeted", "scheduled" and

"forecasts", and similar expressions and variations (including negative variations). All statements in this presentation, other than statements of

historical fact, that address events or developments regarding Point Loma Resources Ltd. (the “Corporation” or “PLX”) that PLX expects to occur,

including, without limitation, management's assessment of future plans and operations, the potential benefits to be derived from proposed

transactions, future acquisitions, timing of drilling, completion and tie-in of wells, cash flow projections, pricing assumptions, productive capacity of

new wells, productive capacity from reactivations, processing facilities and acquired properties, expected production rates, drilling success rates,

expected operating rates, facility plans including the anticipated results thereof, development, exploration, pool and drilling opportunities including

the anticipated results thereof, re-connection plans, facility optimization, expected licensee liability ratings and dates of commencement of

production, may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation,

risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of

commodity prices, currency fluctuations, applicable royalty rates and tax laws, imprecision of reserve estimates, environmental risks, competition

from other producers, inability to retain drilling rigs and other services, availability and cost of labour and services, unexpected decline rates in

wells, wells not performing as expected, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient

capital from internal and external sources, natural gas and oil tax incentives and deductions, hydraulic fracturing and climate change, and losses

possible from any pending or future litigation. Many of these estimates and assumptions are based on factors and events that are not within the

control of PLX and there is no assurance they will prove to be correct. As a consequence, actual results may differ materially from those

anticipated in the forward-looking statements throughout the presentation. Readers are cautioned that the foregoing list of factors is not exhaustive.

Additional information on these and other factors that could affect the Corporation's operations and financial results will be included in financial

reports. Furthermore, the forward-looking statements contained in this presentation are made as at the date of this presentation and the

Corporation does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of

new information, future events or otherwise, except as may be required by applicable securities laws.

PLX:TSXV 23

Disclaimers

Oil & Gas Disclosures

Barrel of oil equivalents or BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 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. Given that the

value ratio based on the current price of crude oil as compared to natural gas is significantly different than the energy equivalency of the 6:1

conversion ratio, utilizing the 6:1 conversion ratio may be misleading as an indication of value.

References in this document to production test rates, initial test production rates, and other short-term production rates are useful in confirming the

presence of hydrocarbons, however such rates are not determinative of the rates at which such wells will commence production and decline

thereafter and are not indicative of long term performance or of ultimate recovery. Additionally, such rates may also include recovered "load oil"

fluids used in well completion stimulation. While encouraging, readers are cautioned not to place reliance on such rates in calculating the

aggregate production for PLX. A pressure transient analysis or well-test interpretation has not been carried out in respect of all wells. Accordingly,

the Corporation cautions that the test results should be considered to be preliminary.

This presentation discloses drilling locations in two categories: (i) proved locations; and (ii) potential drilling opportunities. Proved locations, which

are sometimes collectively referred to as “booked locations”, are derived from the Corporation’s most recent independent reserves evaluation as of

December 31, 2016 and account for drilling locations that have associated proven reserves, as applicable.

Potential drilling opportunities are internal estimates based on the Corporation’s prospective acreage and an assumption as to the number of wells

that can be drilled per section based on industry practice and internal review. Potential drilling opportunities do not have attributed reserves or

resources. The Corporation has, based on the December 31, 2016 reserve report and management's current internal estimate, 3.4 net proved

locations and 70 identified potential drilling opportunities. Potential drilling opportunities have specifically been identified by management as an

estimation of our multi-year experience in drilling activities based on evaluation of applicable geologic, seismic, and engineering, production and

reserves data on prospective acreage and geologic formations. The drilling locations on which we actually drill wells will ultimately depend upon

the availability of capital, regulatory approvals, seasonal restrictions, oil and natural gas prices, costs, actual drilling results and other factors. While

certain of the potential drilling opportunities have been de-risked by drilling of wells by the Corporation or other operators in close proximity to such

potential drilling opportunities, the majority of other potential drilling opportunities are farther away from existing wells where management has

less information about the characteristics of the reservoir and therefore there is more uncertainty whether wells will be drilled in such locations

and, if drilled, there is more uncertainty that such wells will result in additional oil and gas reserves, resources or production.

Type wells indicated herein are estimates based on common industry practices of reviewing analogous wells in reasonable proximity to the drilling

opportunities and defining a ‘type well’ by averaging production of the analogous wells for the first 24 months, or longer, as available from public

sources. These type wells have been prepared by a qualified reserves evaluator or auditor and do not represent ‘reserves’ as defined by NI 51-

101. Well economics associated with these estimates are based on certain assumptions made by management based on current pricing, costs,

royalties, and are not intended to provide an estimate of future performance of wells or an estimate of reserves. 24