Terms of Use, Disclaimer and Proprietary Rights

Terms of Use

The following describes the terms under which you may access and use the Company's website located at www.petrokamchatka.com as well as use any information posted on the Company's website. By accessing the website, you are agreeing to be bound by the terms of this Agreement. If you do not agree with the terms and conditions set out in this Agreement you may not access or use the Company's website or any information contained on the Company's website.

The terms and conditions set out in this Agreement may be changed from time to time. It is your responsibility to check for such changes. If you do not agree with any amendment you must stop using and accessing the Company's website.

Limited License

You are granted a limited license only to display and print information contained on the Company's website for your own personal, non-commercial use. You may not otherwise reproduce, modify, republish or disseminate any information contained on the Company's website in any manner or form whatsoever.

No Warranty

The website and all information contained thereon is provided "as is" and "as available" and is used by you at your sole risk. The Company makes no express or implied warranties, conditions or representations whatsoever, and specifically disclaims the same including without limitation, any warranties, representations or conditions of merchantability or fitness for a particular purpose including those implied by statute. The software and website may contain bugs, errors, problems or other limitations. The Company assumes no liability or responsibility for any such bugs, errors, problems or limitations in its software or the content of the website.

The Company does not guarantee and disclaims all liability for the quality, accuracy, completeness or timeliness of any information contained on the Company's website. The Company makes no commitment and disclaims any duty to update any information contained on the Company's website. Any information contained on the Company's website may be changed at anytime without notice.

Disclaimer of Liability

In no event shall Company be liable for any direct, special, indirect, incidental or consequential damages or loss of profits, arising out of or in connection with the use or inability to use the Company's website or any use or reliance on any information contained on the Company's website however arising, including without limitation any lost data, lost business profits, business interruption, personal injury or any other pecuniary loss, whether in an action on contract, negligence or otherwise, even if the Company has been informed of the possibility thereof.

In all other circumstances the Company's total aggregate liability to you or any third party, however arising, shall be limited to $100.00 (CDN).

External Links

Links to websites outside of the Company's website are provided as a convenience only and are not part of the Company's website. No endorsement of any third party products or services, information, material or content referred to or included on, or linked from the Company's website is expressed or implied.

Securities Information Disclaimer

No Securities Solicitation:

Nothing on the Company's website is intended to constitute a solicitation or an offer to buy or sell any security. Securities Disclosure:

Some of the continuous disclosure documents filed by Company with securities regulatory authorities in Canada may be listed on the Company's website as a convenience only. The Company's website may not be the most current or complete source for these documents because:

• Current documents may not be posted;
• Not all documents that have been filed with securities regulatory authorities will be posted on the Company's website; and
• When documents are posted to the Company's website the documents or information contained in them may be lost or corrupted during such posting.

If you are going to rely on any information contained in any document then you must obtain that document directly from the appropriate securities regulatory authorities. If you need the most current information then you must refer to documents that have been filed with the securities regulatory authorities.

Forward Looking Statements:

Some of the documents filed by the Company with the securities regulatory authorities may contain forward-looking statements under applicable securities law. The reader is cautioned that the assumptions used in the preparation of these statements involve risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. A full description of these risks and uncertainties may be found in Company's continuous disclosure documents as filed with the securities regulatory authorities.

Caution:

Individual statements appearing in the Company's securities filings are intended to be read in conjunction with and in the context of the complete documents in which they appear, including any documents incorporated therein by reference thereto, rather than as stand-alone statements. Further, these documents are not intended to be read in conjunction with any other material, including the content of the Company's website.

Also note that the continuous disclosure documents are only current as of the date on which they are filed with the securities regulatory authority.

Proprietary Rights

Except as otherwise noted, the Company has a Copyright on the content, text, graphics and software located on or at the Company's website.

Certain words, phrases, names, designs or logos used on the Company's website may constitute trademarks, service marks or trade names of Company's or other entities. Except as specifically set out herein, you may not use any such trademarks, service marks or trade names in any manner whatsoever.

General

This Agreement, the relationships between you and Company and the use of Company's website and the resolution of any dispute arising between the parties shall be governed and construed in accordance with the laws of the Province of Alberta and those of Canada applicable therein, without reference to their conflicts of laws. You agree that any legal action or proceeding between you and the Company which in any way concerns this Agreement or the use of the Company's website or any information contained thereon shall be brought exclusively in the courts of Alberta. Notwithstanding the foregoing, either party may apply to any court of competent jurisdiction to obtain injunctive relief.

The Company makes no representation that access to the Company's website or that the information contained thereon is appropriate or legal in all jurisdictions. You may not access the Company's website or use any information in those jurisdictions where it would be illegal. In any case, your access to the website is entirely at your own initiative and you are responsible for ensuring that all laws are complied with. All references herein to the Company shall be deemed to include any subsidiary, affiliate, associate or successor corporation of the Company.