1

Sept. 27, 2021

CLEAN FUEL FOR A CIRCULAR ECONOMY

Corporate Presentation

RAINFORESTENERGY CORP.

2

Purpose and Values”Profitable waste to energy projects for a circular economy.”

v Build a purposeful and profitable clean energy industry.

v Community-based projects for job creation and skills training where it is needed most.

v Technologies do not make projects happen – people do!

v Leverage the Rainforest Energy team – disruptive innovations with proven technologies.

v Alberta base but global reach – leadership in an energy transition that is economically self-sufficient.

Acknowledgement & Intentions

3

“The Rainforest Energy Team acknowledge the landsof the Indigenous Peoples of Turtle Island, which

have been the traditional gathering place fordiverse First Nations, Metis, and Inuit

peoples whose histories, languages, andcultures continue to influence our vibrantcommunities.

It is our intention to create a relationshipof equals with our Indigenous Partners and

Rural Communities. We are dedicated to amutual relationship of honesty and trust to

ensure that the spirit of living in harmony withNature and the Land is honoured and respected.”

(Image Source: https://www150.statcan.gc.ca/n1/pub/89-653-x/89-653-x2019001-eng.htm)

“Circular Clean Energy Economy for Indigenous and Rural Communities.”

LPG (Propane) Gasoline

CO2 Removed:Ø Commercial UseØ Geological Storage

Process ConfigurationEst. CDN $250 million (USD $200 million) total capital outlay *

4Logging Slash

StrawHem

p Residue

BiomassGasification(No IncinerationAir Emissions)

Natural Gas or

BioMethane

MethaneReforming

SynthesisGas

SyngasCleanup

ChemicalCatalytic

Stages

Co-Products:vPowervWatervHeat

Waste Biom

ass

PlusOther

BiomassOptions

10,000,000Litres/Year

(2,600,000 USG)

77,000,000Litres/Year

(27,600,000 USG)

100,

000

to 1

25,0

00 M

T pe

r yea

r7.

35 M

MSc

f/d

Commercially Demonstrated Equipment Only: Technology Readiness Level 9+

* Confidential technical and economic information available on signing an NDA.

Community Circular EconomyHemp Plant

Oil Extraction

SustainableLogging

SustainableFarming

HempResidue

LoggingSlash

SurplusStraw

IndigenousProduction

NaturalGas

(Stable, Fair

Price)

All-Year Greenhouse

Land-Based Fish Farm

Low-Cost Power

Residual Heat

Clean Water

Biogenic CO2

Bio-Facility Feedstocks

LPG(Propane)

CO2 / LPGDistribution

Agri-Ventures

Bio-FacilityCo-Products

40 Permanent New Jobs

Related Ventures:Extra +250 PermanentNew Jobs

Bio-Facility (10 acres)87 million litres/year

$250millioncapitaloutlay

Feedstock Supply & Preparation Venture

Connected Ventures(Independent Operations)

5

(102)

(25)

2.8

3.1

3.3

5.1

8.3

11.0

13.3

18

53

64

75

88

99

-125 -100 -75 -50 -25 0 25 50 75 100

RAINFOREST: WOOD + CARBON CAPTURE & STORAGE

DUAL FEED

ETHANOL

ONSHORE WIND

NUCLEAR

HYDRO

BIO-DIESEL

RENEWABLE NATGAS

SOLAR

ELECTRIC VEHICLES

RAINFOREST: NATGAS + CARBON CAPTURE & STORAGE

COMPRESSED NATURAL GAS

PROPANE

GASOLINE

DIESEL

Grams CO2 Equivalent Net Life Cycle Emissions per Megajoule Energy

Net Zero GHG Pathway

6

(Data Sources: B.C. LCFS, ECCC, IPCC, International Hydropower Association, Fortis BC)

Dual natural gas + biomass design for a single Rainforest facility.

Natural gas is a transition fuel.

Rainforest Net Zero GHG emissions with biomass forming ~34% of dual feedstock with natgas.

q Investors and policy makers worldwide are now measuring carbon intensity.q Renewable gasoline produced from forest slash residue avoids emissions with a

carbon intensity of -102 gCO2e/MJ under the B.C. Low Carbon Fuel Standard (subject to government approval and confirmation of GHGenius revisions).

q Low carbon fuel credits trade between $150 - $320/MT ($0.58 - $1.24/litre).

Most large-scale renewable energy still have some net GHG effect on a full life cycle calculation basis.

Canadian Clean Fuel Standard (2022) will require a 12 gCO2e/MJ reduction by 2030.

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

$100

$110

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

US

D /

BA

RR

EL

WEST TEXAS INTERMEDIATE OIL PRICE

Monthly Average Price @ July 10, 2021

HISTORICAL FUTURES PERIOD AVG 5-YEAR AVG

North American Fuel Price Basis

7

Ø OPEC-Plus supply management has led to WTI rising to the high 60s/low 70s.Ø Futures market is in backwardation with $56.43 WTI contract for Dec 2024.Ø Rapid deployment shale oil is swing producer setting a ceiling price range.Ø May hedge WTI crude oil or RBOB gasoline for up to 10 years if desired.

Oil Shale Expansion

Saudi vs. Oil Shale

OPEC-Plus Agreements

Saudi vs. Russia

Gap Future?

Green Transition?

Price GrowthFrom Required

Decarbonization?

Oil Shale Price Ceiling

Biomass Economics(Comparison of Energy Output Alternatives)

8(Wood Data Source: https://www.fpl.fs.fed.us/documnts/techline/wood-biomass-for-energy.pdf)

* Based on wood biomass, but can be adjusted for other forms such as straw, RDF, etc. Rainforest dual feed configuration (biomass + natural gas) allocated 50% to biomass.

** Low Carbon Fuel Standard Credits of $160/tonne plus proposed CCUS Investment Tax Credit of $50/tonne.

Per Dry Tonne (No Carbon Credits)--------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Revenue EBITDA ROIOne Dry Tonne

Biomass*

$90/TonneAcquisition Cost (Dry) With Carbon ** $640 $465 +37.1%

USD $56/Barrel WTICDN $3.25/Mscf NatGasCDN $50/MWh Power

Power Production5.8 GJ Output $80 ($60) -12.0%

Power + Heat20.5 GJ Output $151 ($7) -1.5%

Gasoline + LPG15.6 GJ Output $342 $168 +13.3%

Pellet Exports $228 ($3) -1.2%

(Wood Pellet Capital, Revenue and OpCost Data: Pinnacle Renewable 2020 Annual Information Form, 2018 Prospectus)

Incineration Emissions

Project Development Capital

9

CDN $2 million (est)Pre-Development (6-8 Months)q Site Analysisq Final Geological Analysisq Basis of Designq FEED (+15%/-10% Costing)q Feedstock Analysisq Carbon Intensityq Final Form Contractsq Training Planq Regulatory Initiationq Stakeholder Engagement

Funding Sources:v 50% Clean Fuel Fund (Grant)v (TBD) EPC Contractor Loanv (TBD) Fuel Offtaker Loanv (TBD) Angel Investorsv (TBD) JV Partners

CDN $248 million (est)Development (18-24 Months)q EPC Engagementq Insurance & Risk Mitigationq Regulatory Approvalq Final Engineering (+10%/-5% Costing)q Site Preparationq Modular Pre-Fabricationq Procurement & Constructionq Operator Trainingq Commissioningq Operations Ramp-Up

Funding Sources:v 30% Clean Fuel Fund (Subordinated)v ~7% Alberta Petrochemical Incentivev (TBD) CCUS ITC Monetizationv 60% Senior Project Debtv (TBD) ESG/Sustainability Funds

Project Risk Management

10

ConstructionFeedstock Offtakeü 24% to 42% biomass

supply utilization within 50 km radius.

ü Can accept multiple biomass sources at a competitive price.

ü Specific biomass collection expertise from strategic partners.

ü Long-term natural gas contracts available.

ü Natural gas is a 100% back-stop for biomass supply (50% target) with low carbon.

ü Proven technology with commercial performance history + vendor warranties.

ü Small capital sizing (not a mega-project).

ü Experienced local EPC firm with fabrication shop for modular construction.

ü Management team has complex energy process operations experience with collective $10 billion asset track record.

ü Low carbon intensity fuel has expanding market to displace ethanol imports with no blend limits.

ü Super-major refinery 100% offtake LOI.

ü Canadian Gov’t First Nations procurement.

ü Carbon monetization compliance managed by leading firm.

ü May economically convert to power or hydrogen output in 100% EV scenario.

Special Purpose Entity (“SPE”)

Special Purpose

EntityIndigenous

Partners

Rainforest Energy Corp.

Strategic Community

PartnersProject Finance

Investors

Bio-Facility Assets

SPE owns 100%of the Bio-Facility.

JV operating & performance share agreement.

v Each Bio-Facility to be separately owned by an SPE.

v Customized for local regulatory and fiscal issues.

v Direct access to cash flow by project finance investors.

v SPE tailored for $250 million non-recourse project finance.

v Strategic partners for local community engagement.

v Indigenous Partners for minimum 50% ownership in the SPE where applicable.

SPE-Direct Agreements:o Tech Licenseo GHG Creditso Feedstocko Offtake

Project Play Book to enable multiple development teams.

Project Play Book

12

Why Rainforest Energy?Barriers To Entry

(Image Source: https://www.dreamstime.com/illustration/castle-moat.html)

Castle Moat Advantages:ü Avoids Food vs. Fuel Conflictü Unique Knowhow – Project Execution Skillsü Disruptive Innovations, eg. Dual Feed, Micro-CCSü Feedstock Economics – Ability to Pay Fair Priceü Offtake – Ability to Deliver Low Carbon Fuelü Social Operating License from Local Partnershipsü Risk Management – Sustainable Economics

Feedstock Customers:v Loggersv Farmersv Hemp Processorsv Rail Companiesv Municipalitiesv Natural Gas

Producersv Bio-Methane

Producers

Offtake Customers:v Major Refineriesv Fuel Distributorsv Federal Gov’t

Indigenous Procurement

v Co-Products (eg.Greenhouse)

CO2 Customers:v Greenhousesv Industrial Usersv Tariff-Based

Sequestration

Community Partners: Indigenous, Rural, Economic Development.

Team Facility Experience

13

+3 billion USG/yearProcessing Facility

17.4 million USG/yearBiodiesel Facility

230 million USG/yearCrude Oil Asphalt Plant

C$240 million Enhanced Oil Recovery Project and Technology Development

Crude Oil & Natural Gas Production in Canada, USA and International of +100,000 Barrels-Oil-Equivalent Per Day Collective Experience (1.5 billion USG/year)

USG = U.S. Gallon(3.78541 Litres)

ManagementRainforest Energy Corp.

14

Jeff Arsenych Board Member, President/CEO Calgary, Albertaq MBA with +35 years business development experience in petroleum, renewable energyq Co-founder/CEO of 8 companies: 4 oil & gas, 3 renewable energy, 1 tech ventureq Chair of first major biodiesel venture in Western Canada (66.7 million litres/year capacity)q Sourced / acting general manager of a crude oil refinery acquisition (600 million litres/year)q Management Committee member of refinery technology JV with a super-major oil company

Konstantin Starkov COO / VP – Engineering & Construction Calgary, Albertaq Engineer with 30 years of petroleum operations experience in Canada and Internationalq VP – Production of one of the first US-Russia oil and gas joint venturesq Operations Manager of a complex Canadian EOR technology with a $240 million budgetq General Manager of an oil sludge recovery operation using a new processing technologyq Proven trouble-shooter and problem-solver for challenges in plant engineering and construction

Caroline O’Driscoll VP – Corporate & Secretary Calgary, Albertaq Principal, O’Driscoll & Co. – Indigenous Law, Calgaryq Former Partner - Indigenous, Environmental & Energy law, Aird & Berlis LLP law firmq M.Sc. in sustainable energy development, LL.M. in aboriginal & international lawq Board member, Canadian Energy Law Foundationq Co-Founder of Optima Global Inc. (multi-disciplinary community development team)

Management – Cont’dRainforest Energy Corp.

15

Melodie Creegan VP – Marketing & Communications Calgary, Albertaq Founded Mosaic Communications in 1995 – marketing and communications strategyq Clientele: Kate Energy, Brookfield Residential, Ensign Energy Services, Brighton Cares, Filtrum

Construction, George Fischer Central Plastics, Charter Plastics, Averill Hospitalityq Non-Profits: TELUS Spark Science Centre, Yellowstone to Yukon Conservation Initiative,

Youthlink Calgary Police Interpretive Centre, Calgary Police Foundation, YWCAq Proud Metis – fiercely committed to bridging Indigenous and non-Indigenous communitiesq Opportunity broker for Indigenous business development and partnerships

Jacques Huot Infrastructure Finance Advisor Oakville, Ontarioq 44 years financial experience in Canada, International, First Nationsq Former VP of Corpfinance International (CFI) - project and infrastructure finance specialistq Executive finance roles with Citibank, SNC-Lavalin, Ontario Superbuild Corporationq Responsible for putting into play the privatization of Hydro Oneq Former President of the Board of Anishnawbe Health Torontoq Non-status Indian of Huron Wendat heritage – pipe carrier

Board of DirectorsRainforest Energy Corp.

16

Peter Lafontaine Executive Chair Calgary, Albertaq Dynamic business leader with +20 years experience leading/building top performing teamsq Managing Principal – Win Helix Sales DNA System, Partner in Peer Guidanceq Co-founder/CEO of entertainment systems company deploying new technology at +500 locationsq Thought leader with Rainforest Alberta (innovation ecosystem of +2000 changemakers)

Khaled Saleh Board Member Calgary, Albertaq Professional Engineer with 20 years of leadership and project management experienceq Managing Director of Ennovate Consultants (engineering and project management services)q Project manager of a +200,000 barrel/day petroleum facility construction in the Middle Eastq Project Management Professional (PMP) certification

John Wright Board Member Calgary, Albertaq Serial oil and gas entrepreneur with +30 years leadership experienceq Chairman of Touchstone Exploration Inc. and Alvopetro Energy Ltd. (international oil & gas)q Co-founder of Petrobank, PetroBakken, and Petrominerales (~$10 billion combined peak assets)q Professional Engineer (P.Eng) and Chartered Financial Analyst (CFA)q Past Chairman, World Petroleum Council – Canadaq Past Governor, Canadian Association of Petroleum Producers (CAPP)q Founder, Fundación Nanpaz (Ecuador) and Fundación Vichituni (Colombia)

ManagementRainforest Energy Corp.

17

Jeff Arsenych Board Member, President/CEO Calgary, Albertaq MBA with +30 years business development experience in petroleum, renewable energyq Co-founder/CEO of 8 companies: 4 oil & gas, 3 renewable energy, 1 tech ventureq Chair of first major biodiesel venture in Western Canada (66.7 million litres/year capacity)q Sourced / acting general manager of a crude oil refinery acquisition (600 million litres/year)q Management Committee member of refinery technology JV with a super-major oil company

Konstantin Starkov COO / VP – Engineering & Construction Calgary, Albertaq Engineer with 30 years of petroleum operations experience in Canada and Internationalq VP – Production of one of the first US-Russia oil and gas joint venturesq Operations Manager of a complex Canadian EOR technology with a $240 million budgetq General Manager of an oil sludge recovery operation using a new processing technologyq Proven trouble-shooter and problem-solver for challenges in plant engineering and construction

Caroline O’Driscoll VP – Corporate & Secretary Calgary, Albertaq Principal, O’Driscoll & Co. – Indigenous Law, Calgaryq Former Partner - Indigenous, Environmental & Energy law, Aird & Berlis LLP law firmq M.Sc. in sustainable energy development, LL.M. in aboriginal & international lawq Board member, Canadian Energy Law Foundationq Co-Founder of Optima Global Inc. (multi-disciplinary community development team)

Management – Cont’dRainforest Energy Corp.

18

Melodie Creegan VP – Marketing & Communications Calgary, Albertaq Founded Mosaic Communications in 1995 – marketing and communications strategyq Clientele: Kate Energy, Brookfield Residential, Ensign Energy Services, Brighton Cares, Filtrum

Construction, George Fischer Central Plastics, Charter Plastics, Averill Hospitalityq Non-Profits: TELUS Spark Science Centre, Yellowstone to Yukon Conservation Initiative,

Youthlink Calgary Police Interpretive Centre, Calgary Police Foundation, YWCAq Proud Metis – fiercely committed to bridging Indigenous and non-Indigenous communitiesq Opportunity broker for Indigenous business development and partnerships

Jacques Huot Infrastructure Finance Advisor Oakville, Ontarioq 44 years financial experience in Canada, International, First Nationsq Former VP of Corpfinance International (CFI) - project and infrastructure finance specialistq Executive finance roles with Citibank, SNC-Lavalin, Ontario Superbuild Corporationq Responsible for putting into play the privatization of Hydro Oneq Former President of the Board of Anishnawbe Health Torontoq Non-status Indian of Huron Wendat heritage – pipe carrier

Board of DirectorsRainforest Energy Corp.

19

Peter Lafontaine Executive Chair Calgary, Albertaq Dynamic business leader with +20 years experience leading/building top performing teamsq Managing Principal – Win Helix Sales DNA System, Partner in Peer Guidanceq Co-founder/CEO of entertainment systems company deploying new technology at +500 locationsq Thought leader with Rainforest Alberta (innovation ecosystem of +2000 changemakers)

Khaled Saleh Board Member Calgary, Albertaq Professional Engineer with +15 years of leadership and project management experienceq Managing Director of Ennovate Consultants (engineering and project management services)q Project manager of a +200,000 barrel/day petroleum facility construction in the Middle Eastq Project Management Professional (PMP) certification

John Wright Board Member Calgary, Albertaq Serial oil and gas entrepreneur with +30 years leadership experienceq Chairman of Touchstone Exploration Inc. and Alvopetro Energy Ltd. (international oil & gas)q Co-founder of Petrobank, PetroBakken, and Petrominerales (~$10 billion combined peak assets)q Professional Engineer (P.Eng) and Chartered Financial Analyst (CFA)q Past Chairman, World Petroleum Council – Canadaq Past Governor, Canadian Association of Petroleum Producers (CAPP)q Founder, Fundación Nanpaz (Ecuador) and Fundación Vichituni (Colombia)

20

Rainforest Energy ValueCommunity-Based Clean Fuel Projects Now

v Rainforest Energy is developing projects that use proven technologies to economically transform problem waste materials into quality clean fuels.

v We solve the fuel blending problem faced by petroleum refineries to meet the social objective of achieving a net zero impact on the environment.

v Inexpensive surplus power and other co-products will supply Indigenous and Rural community ventures such as greenhouses for local food security.

v Strategic alliances and experience in managing $10 billion of energy ventures is a major competitive advantage for successful project delivery.

v Viable unlevered project economics may be achieved at modest commodity prices with no dependence on carbon credits or other biofuel incentives.

v Blue hydrogen output is a viable option to adapt to a 100% EV economy.

21

CLEAN FUEL FOR A CIRCULAR ECONOMY

End of Presentation

RAINFORESTENERGY CORP.

22

CLEAN FUEL FOR A CIRCULAR ECONOMY

Bonus Slides

RAINFORESTENERGY CORP.

Clean Fuel Import Dependency

23

0

1

2

3

4

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

BILL

IONS

OF

LITR

ES

CANADA FUEL ETHANOL CONSUMPTIONDOMESTIC PRODUCTION IMPORTS

Data Source: StatsCan

v Canada imports 43% of its 3.2 billion-litre ethanol demand (local capacity full). v Ethanol blended with gasoline to satisfy the Canadian Renewable Fuel Standard.v U.S. ethanol supply shutdowns because of poor margins = energy security risk.v New local ethanol capacity unlikely with futures pricing = Rainforest opportunity.

Energy Security Risk solved with 50 Rainforest Bio-Facilities (economic with current pricing)

24

Straw Resource

(Image sources: https://www.canolacouncil.org/canola-watch/2017/08/23/will-your-residue-management-plan-set-you-up-for-a-strong-spring/ https://commons.wikimedia.org/wiki/File:Round_straw_bales_in_a_field.jpghttps://www.manitobacooperator.ca/news-opinion/news/local/crop-residue-burning-down-but-not-out/)

Ø Stubble management depends on crop type, tillage practices, baling economics.Ø Flax straw is field burned because it is a linen and cannot be worked into the soil.Ø Grain straw management can yield biomass surplus to soil regeneration needs.Ø Economics drive the crop residue management strategies chosen by farmers.Ø Potential 21 million tonnes/year surplus grain straw from the Canadian Prairies

(est. 10 million tonnes/year CO2e reduction ~ 50% of Canada 2030 fuel target).Ø Straw+natgas feedstock could support 150 facilities: 13 billion litres/year output.

Dispersion

OR

Baling

OR

Burning

25

Forestry Resource

(Image sources: https://www.cbc.ca/news/canada/british-columbia/province-wide-slash-burning-sparks-controversy-1.3652496 http://www.allpowerlabs.com/people/gek-users/industry-forestry-ranching-and-farming https://www.advocate-news.com/2018/09/10/megafires-fighting-fire-with-fire-could-be-the-key-to-stopping-destructive-out-of-control-blazes/)

Ø An estimated 22% of the harvested tree is left behind as logging slash.Ø Many jurisdictions require the burning of unused logging slash piles (BC, Alberta).Ø Culling of forest debris and pine beetle kill can reduce mega-fire risk potential.Ø Price required by loggers to deliver chipped slash is the resource access barrier.Ø Potential 11 million dry tonnes/year logging slash in W. Canada ~ 62% of Canada

(est. 22 million tonnes/year CO2e reduction ~ 110% of Canada 2030 fuel target).Ø Slash+natgas feedstock could support 110 facilities: 9.6 billion litres/year output.

Logging Slash Recovery Debris Fire RiskLogging Slash Burning

OR

26

Hemp Resource

(Images source: https://open.alberta.ca/dataset/033de9fb-ab1c-4018-940e-4143f4caec85/resource/9babce43-b6f6-422c-85cd-283ea1a56147/download/af-growing-hemp-in-alberta-2020-06.pdf)

Ø Soil rejuvenation crop for disease, pest, and erosion control + toxin removal.Ø Hemp yields 4x biomass output in 90 days for 25 years equivalent forest growth.Ø ~10% of non-root plant is seed (est. 35,400 MT Canadian harvest in 2018).Ø ~90% of non-root plant is stalk (est. 318,600 MT in 2018) – has 3% CBD content. Ø World CBD extract market (USD): $3.5 billion in 2021, up to $115 billion by 2040.Ø Residue from stalk processing has highly limited market – output bottleneck.Ø 100% use of residue post-CBD extraction would enable massive hemp scale-up.Ø Potential one-pass harvesting of total plant for CBD extraction = lower cost/GHG.

18

Harvesting Harvest of seed is approximately 100 to 120 days after sowing, depending on variety. Hemp shatters very easily and makes excellent birdseed. Harvest should begin soon after birds are noticed in the field.

Straight combining industrial hemp seems to be the preferred harvest method, especially with taller varieties. Excess biomass material going through the combine can cause problems, so harvesting only the inflorescences is preferred.

Since seed is easily damaged, many farmers will combine in the 18 to 20 per cent moisture range and dry the seed to around nine percent for storage. It is important to aerate the grain immediately off the combine down to about nine percent moisture – this step is critical to prevent seed heating, to reduce mould growth and to preserve seed quality.

Reduce cylinder, rotor and unloading auger speeds to prevent seed damage while harvesting. Watch for fibre wrapping around shafts, particularly the drive shaft and sprockets of the feeder chain, or front beater, and front drum for the feeder chain. There are some combine modifications that may limit fibre wrapping and speed up harvesting.

Modest ground speeds and input rates, with high engine speeds, should help limit potential problems. As always, careful attention is the best way to prevent mechanical problems.

Combining Hemp and Hemp in Aeration Bins Photo: Alberta Agriculture and Forestry

18

Harvesting Harvest of seed is approximately 100 to 120 days after sowing, depending on variety. Hemp shatters very easily and makes excellent birdseed. Harvest should begin soon after birds are noticed in the field.

Straight combining industrial hemp seems to be the preferred harvest method, especially with taller varieties. Excess biomass material going through the combine can cause problems, so harvesting only the inflorescences is preferred.

Since seed is easily damaged, many farmers will combine in the 18 to 20 per cent moisture range and dry the seed to around nine percent for storage. It is important to aerate the grain immediately off the combine down to about nine percent moisture – this step is critical to prevent seed heating, to reduce mould growth and to preserve seed quality.

Reduce cylinder, rotor and unloading auger speeds to prevent seed damage while harvesting. Watch for fibre wrapping around shafts, particularly the drive shaft and sprockets of the feeder chain, or front beater, and front drum for the feeder chain. There are some combine modifications that may limit fibre wrapping and speed up harvesting.

Modest ground speeds and input rates, with high engine speeds, should help limit potential problems. As always, careful attention is the best way to prevent mechanical problems.

Combining Hemp and Hemp in Aeration Bins Photo: Alberta Agriculture and Forestry

Hempseed Harvesting & Storage

20

Baling hemp stalks Photo: Innotech Alberta

Harvesting Hemp can be cut strictly for fibre and the remaining stalk after combining can be cut with a disc-bine or sickle bar mower. Ideally for good decortication, this material will then be baled using either a big round or big square baler after some retting has taken place, but it can be baled immediately upon dry-down.

Retting The quality and quantity of hemp fibre yield is affected by retting, the process of partially breaking down the gummy substances, especially pectin, that bind the fibres together in bundles and to the plant core. Retting can be done chemically or biologically.

In field dew retted approaches, the stems are left spread over the surface of the field after the crop has been cut. During this time, the spread stems are normally turned a number of times to expose them evenly to light and moisture. Field retting micro-organisms attack the hemp stems and break down the cementations that bind them together. An alternative method of stem harvest is to leave the stalk standing through the winter and roll the stems in the spring to break them off at ground level before raking and baling. This approach is called winter retting. Other forms of retting in and beyond the field include water, chemicals and enzymes.

Storage Hemp bales can be stored outside (outside edges will weather when exposed), under a tarp or in a building.

Hemp Straw Baling CBD Extraction Residue

Methane Feedstock Options

27

RenewableNatural Gas

FossilNatural Gas

(GHG Transition Fuel)

Landfill Gas System(e.g. Edmonton Clover Bar ~ 60-year supply) Manure

Methanation

Carbon Intensity(gCO2e/MJ)

+88 Fossil Gasoline+53 Fossil NatGas

Bio-Methane (Est):+11 RNG-23 Landfill-264 Manure

gCO2e = grams carbon dioxide equivalent MJ = megajouleNatGas = natural gas feedstock to liquids RNG = renewable natural gas

Air Quality Comparison

28

Air Emissions ProfileWilliams Lake Power Plant 1

Incineration for Power Production Renewable Gasoline 3Wood Fibre 4 Railroad Ties

Particulates (mg/m3) 6.2 2.3 0.000

Trace Metals (mg/m3) 0.0554 0.0434 0.000

HCl (mg/m3) <0.1 59.8 0.000

Dioxins + Furans (ng/m3) 0.013 0.0034 0.000

PAH (micrograms/m3) 0.063 0.058 0.000

Chlorophenols (micrograms/m3) 0.010 0.091 0.000

SOx (mg/m3) 1.0 172 0.000

NOx (mg/m3) 188 166 – 185 2 0.000

1) 2001 test case of end-of-life railroad ties at a wood-fired power plant located in Williams Lake, BC.

2) Conversion rate used of 1.32 mg/m3 for each ppm.

3) Rainforest facility air emissions are >95% CO2 and 5% nitrogen. Contaminants such as tars are removedfrom the non-incineration gasification of biomass and any trace metals are removed with a guard bed.

4) Rainforest facility net CO2 equivalent reduction is 35% better than same-sized wood-fired power (est.).

29

Rainforest ESG FeaturesEnvironmental, Social, Governance

Environmental:ü Utilizes waste materials that would otherwise generate GHG emissions.ü Negative carbon intensity is superior to competing biofuels, solar, wind.ü Avoids air emissions associated with incinerating waste.

Social:ü Indigenous and community alliance with joint ownership.ü Inexpensive co-products for community ventures, e.g. greenhouse.ü Direct employment and skills training at the community level.

Governance:ü Special purpose entity for each community project allows local voice.ü SPE board to be drawn from most experienced community leaders.ü Commitment to gender, racial, ethnic, and social diversity at all levels.

ESG PERFORMANCE TO BE MEASURED BY WORLD-CLASS CANADIAN STANDARDS

Compelling Advantagesü Experienced team with $10 billion energy asset management history

and unique ability to strategically develop successful projects.

ü Positive operating margin even in a low crude oil price environment with no subsidies or carbon credits while creating a circular economy.

ü Low carbon fuel market opportunity now: No 10% ethanol blend wall.

ü Displaces imported ethanol for +50 bio-facility market opportunity.

ü 100% fuel blending compatibility for Net Zero GHG objectives.

ü ESG performance enhanced from Rural/Indigenous partnerships.

ü New income for farmers and loggers from waste biomass sales.

ü Output flexibility allows adaptation to evolving hydrogen market.

ü Job creation distributed across Rural Canada where it is needed most.

ü $10 billion Canadian new industry (+12,500 jobs) can be started now.

30

ESG = Environmental, Social, Governance.

31

CLEAN FUEL FOR A CIRCULAR ECONOMY

End of Bonus Slides

RAINFORESTENERGY CORP.