Hawk Exploration Ltd

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					                        Hawk Exploration Ltd.
                           October 2012

Hawk Exploration Ltd.                           1
   • Emerging Exploration Company
         •   Listed on TSX Venture Exchange under HWK.A and HWK.B

   • Proven Management Team
         •   Returned 350% AT in 1st venture (Hawk Oil)
                 • Added 3,000 boed at F&D = $4.37/boe
         •   Returned 454% AT in 2nd venture (Hawk Energy)
                 • Added 2,400 boed at F&D = $10.40/boe

   • Proven Business Plan
         •   Low cost operator focused on organic growth

   • Oil Weighted Entity
         •   Crude oil comprised over 85% of year end reserves

Hawk Exploration Ltd.                                               2
Management Team
                              • President, CEO and Chairman Hawk Energy Corp. (2003-2006)
    Steve Fitzmaurice
                              • President, CEO and Chairman Hawk Oil Inc. (1996-2003)
      President & CEO
                              • Prior thereto Morgan Hydrocarbons (93-96) & Imperial Oil (82-93)

                              • VP Finance and CFO of Piper Resources (2007-2008)
    Dennis Jamieson
                              • VP Finance and Controller at Atlas Energy (2006-2006)
    Chief Financial Officer
                              • Prior thereto Piper Energy (99-04), Amber (95-98) & Ernst Young (91-95)

                              • VP Exploration Hawk Energy Corp. (2003-2006)
     Randy Deobald            • VP Exploration Hawk Oil Inc. (1996-2003)
       VP Exploration         • Prior thereto Morgan Hydrocarbons (87-96) & Wascana Energy (82-87)

                              • VP Land Hawk Energy Corp. (2003-2006)
       Erik DeWiel            • VP Land Hawk Oil Inc. (1996-2003)
           VP Land            • Prior thereto Morgan (94-96), Husky (89-94) and Dome (87-88)

                              • VP Corporate Development Hawk Energy Corp. (2003-2006)
      Dave Bonnar             • Manager of Geology Hawk Oil Inc. (1997-2003)
  VP Corporate Development
                              • Prior thereto Rife Resources (96-97) and Amoco (82-96)

                              • Manager of Geology Hawk Energy Corp. (2003-2006)
      Greg Templin            • Senior Geologist at Northrock Resources (1998-2003)
       Exploration Mgr.       • Prior thereto Spire (96-98), Morgan (94-96) and Norcen (91-94)
Hawk Exploration Ltd.                                                                                3
Board of Directors
   Steve Fitzmaurice
          P Eng.           • President, CEO and Chairman of Hawk Exploration Ltd.

      John Wright          • President, CEO and Director of PetroBakken
        P Eng., CFA        • President, CEO and Director of Petrobank
    Independent Director   • Chairman of Petrominerales

     Tom Buchanan          • Chairman and CEO of Charger Energy Corp.
           FCA             • Director of Pembina Pipeline, Athabasca Oilsands and Pace Oil and
    Independent Director     Gas

     Greg Turnbull         • Regional Managing Partner with McCarthy Tetrault
         Q.C., LLB         • Director of Crescent Point, Seaview, Heritage, Sonde, Porto and Storm
    Independent Director

      Mike Shaikh          • Practicing Chartered Accountant
       B. Comm., FCA
                           • Director of Provident Energy Ltd. and Pace Oil and Gas
    Independent Director

     Peter Williams        • President and CEO of Annapolis Capital
         B.A., LLB         • Director of Evolve, HighRock, Bulldog and Corinthian
    Independent Director
Hawk Exploration Ltd.                                                                            4
Growth Strategy

                        • Drilling Focus
                        • Focus on areas that
                          Management knows
                        • Moderate
                          Risk/Moderate Reward
                        • Low cost operator
                        • Limit Share Dilution

Hawk Exploration Ltd.                            5
Steady Growth Profile

Hawk Exploration Ltd.   6
Strong Netbacks due to Low Op Costs

Hawk Exploration Ltd.                 7
Drilling Opportunities

   • Carruthers Saskatchewan - Horizontal Heavy Oil

   • Dankin Saskatchewan - Horizontal Heavy Oil

   • Lloydminster Block – Vertical Heavy Oil

   • Seagram Lake Leduc Project – Horizontal Heavy Oil

Hawk Exploration Ltd.                                    8
Carruthers Project
                               • Sand trend continuous
                                 between Carruthers
                                 and Soda Lake pools
                               • Hawk acquired crown
                                 land and shot seismic
                                 to confirm structure
                               • Drilled first horizontal
                                 well in Q1/10. Currently
                                 on production at 20
                               • Can increase
                                 production by moving
                                 away from pressure
Hawk Exploration Ltd.                                       9
Carruthers Project
                        • Drilled 2nd horizontal
                          Sept 2012 offsetting
                          successful Husky wells.
                        • Currently on production
                          at 50 bopd despite liner
                        • Licensing 2 additional
                          wells (green) for
                          upcoming drilling
                        • Will continue to expand
                          drilling program with
                          future (blue) locations

Hawk Exploration Ltd.                            10
Dankin Horizontal Project

                            • In the Dankin/Mantario
                              area there has been 45
                              recent wells licensed
                              targeting the Basal
                              Mannville formation.
                            • Rock Energy and
                              Fenway have had
                              success drilling vertical
                            • Hawk believes Dankin
                              horizontal wells may
                              perform better than
                              vertical wells.

Hawk Exploration Ltd.                                     11
Dankin Horizontal Project

                            • Have mapped Basal
                              Mannville sand trend
                              offsetting two decent
                              vertical producers.
                            • 3D seismic has been
                              shot to confirm structure.
                            • Hawk’s first vertical well
                              (6-8) did not encounter
                              enough pay to warrant a
                              horizontal well.
                            • Currently acquiring
                              additional lands and will
                              drill a horizontal well to
                              test play concept.
Hawk Exploration Ltd.                                 12
Lloydminster Block – Heavy Oil Area





    • Hawk continues to build on its land base.
    • Current net production of 250 bopd is growing.
Hawk Exploration Ltd.                                     13
Epping Vertical Project

                          • Mapped Sparky sand
                            trend on joint
                            Hawk/Husky land.
                          • Developed pool with 13
                            vertical wells
                          • Average production per
                            well of 45 bopd with low
                            water cuts.
                          • Average operating costs
                            of $8.00/bbl
                          • Shooting 3D Seismic to
                            further delineate pool

Hawk Exploration Ltd.                                  14
Seagram Lake Leduc Project
                                           • Discovered a Leduc pool
                                             (50% WI) in Q3/10 with
                                             horizontal (red) well.
                                           • Assembled a significant land
                                             position of 15 Sections (50%
                                           • Followed up with 4 dual
                                             legged horizontal (green)
           1 mile
                                             wells in 2011.
                                           • Attempting to overcome
                                             operational issues of high
  Existing Single legged Horizontal Well     watercuts
  Existing Dual legged Horizontal Wells
                                           • Plan to drill new horizontal
  Planned Single legged Horizontal Well
                                             (purple) with no stimulation
Hawk Exploration Ltd.                                                  15
Seagram Lake Net Pay Map (CI = 2m)

    Gross Potential Prize:   185 MMbbls OOIP, 9.3 MMbbls Recoverable (5% RF)

Hawk Exploration Ltd.                                                      16
2012 Q3 Snapshot

         • A shares outstanding                     34,480,953
         • B shares outstanding                     1,080,000
         • Debt                                     $3.3 million
         • Credit Facility (2)                      $12.0 million
         • Production                               520 boe/d (95% oil)
         • 2012 Capital Budget                      $8.5 million

          (1)   Unaudited estimate at September 30, 2012
         (2)    Comprised of 12MM$ Revolving Line

Hawk Exploration Ltd.                                                     17
Net Asset Value (M$)

         Proved plus Probable PV10 (at Dec 31/11)               (1)        30,647
         Undeveloped Land                                                   4,941
         Net Debt                                                           (1,340)
         Proceeds from Options                                                380
         Net Asset Value                                                   34,628
         Fully diluted Class A Shares                                      35,524
         NAV per fully diluted Class A Share                                $0.97
         Fully diluted Class A and B Shares                                46,324
         NAV per fully diluted Class A and B Shares                         $0.75

         (1)   -   Based on GLJ Engineering report at December 31, 2011.

Hawk Exploration Ltd.                                                                 18
Why Invest in Hawk Exploration?

  • Proven Management Team
           • Returned 350% and 454% AT in last ventures

           • Solid business plan refined in last two ventures

  • Growth Potential
      • Excellent inventory of opportunities

      • Base value creation via drill bit

  • Oil Weighted Entity

  • Excellent entry point - Hawk currently trading below NAV

Hawk Exploration Ltd.                                           19
Contact Information

                            Hawk Exploration Ltd.
                        Suite 1320B, 396 – 11th Ave SW
                               Calgary, Alberta
                                    T2R 0C5
                            Phone: (403) 264-0191
                              Fax: (403) 263-9076


Hawk Exploration Ltd.                                    20
Note Regarding Forward Looking Statements
     •   Certain statements contained in this presentation constitute forward-looking statements. All forward-looking statements are
         based on the Corporation’s beliefs and assumptions based on information available at the time the assumption was made. The
         use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar
         expressions are intended to identify forward-looking statements. These statements involve known and unknown risks,
         uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such
         forward-looking statements. Hawk believes the expectations reflected in those forward-looking statements are reasonable, but
         no assurance can be given that these expectations will prove to be correct. Such forward-looking statements included in this
         presentation should not be unduly relied upon. These statements speak only as of the date of this presentation. In particular,
         but without limiting the forgoing, this presentation contains forward-looking statements pertaining to the following: the rates and
         reserves associated with future drilling plans; planned development of the Corporation’s oil and natural gas properties; and
         future capital expenditure programs.

     •   The material factors and assumptions used to develop these forward looking statements include, but are not limited to: the
         ability of the Corporation to engage drilling contractors, to obtain and transport equipment, services, supplies and personnel in a
         timely manner and at an acceptable cost to carry out its activities and plans; the ability of the Corporation to market its oil and
         natural gas and to transport its oil and natural gas to market; the timely receipt of regulatory approvals and the terms and
         conditions of such approval; the ability of the Corporation to obtain drilling success consistent with expectations; and the ability
         of the Corporation to obtain capital to finance its exploration, development and operations.

     •   Actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors
         including, without limitation: volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations;
         uncertainties associated with estimating oil and natural gas reserves; competition for, among other things, capital, acquisitions
         of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions and exploration and
         development programs; geological, technical, drilling and processing problems; changes in tax laws and incentive programs
         relating to the oil and natural gas industry; failure to realize the anticipated benefits of acquisitions; general business and
         market conditions; and certain other risks detailed from time to time in Hawk’s public disclosure documents.

     •   Barrels of oil equivalent (boe) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic
         feet (mcf) of natural gas to one barrel (bbl) of oil is based on an energy conversion method primarily applicable at the burner tip
         and is not intended to represent a value equivalency at the wellhead. All boe conversions in this press release are derived by
         converting natural gas to oil in the ratio of six thousand cubic feet of natural gas to one barrel of oil. Certain financial amounts
         are presented on a per boe basis, such measurements may not be consistent with those used by other companies.

Hawk. Exploration Ltd.                                                                                                                                 21

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