Canamax Energy Ltd is engaged in the acquisition of microcaps, and the exploitation of assets, in the oil and gas sector. With a large number of microcaps in financial distress, the company has been able to complete a series of successful acquisitions in Alberta and Saskatchewan, Canada in 2013/14. Due to the amount of high-quality, distressed assets at this time, we anticipate continued growth by acquisition, while we also build-out existing core areas and divest of assets that do not align with strategy. Our highly experienced Management Team and Board of Directors has a strong track record of success in the oil and gas sector. We anticipate a capital shift back to the oil industry and are actively positioning the company for the industry rebound.

1. Corporate Presentation May 2014
TSXV.CAC
Consolidating Micro Caps,
Exploiting Quality Assets

2. Reader Advisory and Cautionary Statements
Certain statements contained in this Presentation constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements other
than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", “opinion", "continue", "estimate", "expect",
"may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", “plans” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors
facing the Corporation. Risks, uncertainties and other factors may be beyond the Corporation's control and may cause actual results or events to differ materially from those anticipated in such forward-looking statements.
Canamax believes that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements
included in this Presentation should not be unduly relied upon by investors. These statements speak only as at the date of this Presentation and are expressly qualified, in their entirety, by this cautionary statement. In
particular, this Presentation contains forward-looking statements pertaining to the following: future plans and operations; reserve estimates; expectations of initial and future production; cash flow; capital expenditures;
production targets; drilling inventory; netbacks; development potential; production acquisition costs; and acquisitions.
With respect to forward-looking statements contained in this Presentation, Canamax has made assumptions regarding, among other things, results of future operations, the legislative and regulatory environments of the
jurisdictions where Canamax carries on business or has operations, the impact of increasing competition and Canamax’s ability to obtain additional financing on satisfactory terms. Canamax’s actual results could differ
materially from those anticipated in these forward-looking statements as a result of the risk factors included in this Presentation such as: the impact of general economic conditions; industry conditions; volatility in the market
prices for natural gas and crude oil; currency fluctuations; uncertainties associated with estimating reserves; geological, technical, drilling and processing problems; liabilities and risks, including environmental liabilities and
risks inherent in natural gas and crude oil operations; stock market volatility; the ability to access sufficient capital; incorrect assessments of the value of acquisitions; and, competition for, among other things, capital,
acquisition of reserves, undeveloped lands, equipment, services and skilled personnel.
This forward-looking information represents Canamax’s views as at the date of this Presentation and such information should not be relied upon as representing its views as of any date subsequent to the date of this
Presentation. Canamax has attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-
looking information. However, there may be other factors that cause results, performance or achievements not to be as expected or estimated and that could cause actual results, performance or achievements to differ
materially from current expectations. There can be no assurance that forward-looking information will prove to be accurate, as results and future events could differ materially from those expected or estimated in such
statements. Accordingly, readers should not place undue reliance on forward-looking information.
The forward-looking statements contained in this Presentation speak only as of the date of this Presentation. Canamax does not undertake any obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, unless required by applicable securities laws.
Undue reliance should not be placed on management's assessment of reserve estimates, resource potential and initial and potential production rates. All references to such information contained herein are based upon
internal targets as prepared by management of Canamax and are not an estimate of reserves, resources or of production rates that may actually be achieved. Such information has been provided to assist the reader in
understanding certain principal factors upon which management has relied in making capital investment decisions and for internal budget preparation. Reserve potential information provided in this Presentation includes both
discovered and undiscovered resources and recoverable reserve characteristics, and there is no certainty that any portion of the undiscovered resources will be discovered and, if discovered, that any volumes would be
economically viable or technically feasible to recover or produce. Undue reliance should not be placed on estimates of reserve potential in terms of assuming Canamax's reserves or recoverable resources. All estimates of
reserve potential contained herein are based upon internal estimates of management of Canamax.
This Presentation contains references to Original Oil in Place ("OOIP") which is equivalent to estimates of oil and gas classified as Discovered Petroleum initially in Place ("DPIP") which are not, and should not be confused with
oil and gas reserves. "Discovered Petroleum Initially in Place" is defined in the Canadian Oil and Gas Evaluation Handbook (the "COGE Handbook") as the quantity of hydrocarbons that are estimated, as of a given date, to be
contained in known accumulations. DPIP is divided into recoverable and unrecoverable portions, with the estimated future recoverable portion classified as reserves and Contingent Resources, as defined in the COGE
Handbook. There is no certainty that it will be economically viable or technically feasible to produce any portion of the DPIP except to the extent identified as proved or probable reserves. Resources do not constitute, and
should not be confused with, reserves. It should be noted that given the current early stage of development of Canamax's properties, estimates of DPIP potential might change significantly in the future with further
development activity and the amount of Contingent Resources has yet to be estimated. The resource potential estimates provided herein are estimates only and the actual resources may be greater than or less than the
estimates provided herein. A recovery project cannot be defined for these volumes of DPIP at this time. There is no certainty that it will be economically viable or technically feasible to produce any portion of these potential
resources.
The information contained in this Presentation does not purport to be all-inclusive or to contain all information that a prospective investor may require. Prospective investors are encouraged to conduct their own analysis and
reviews of Canamax and of the information contained in this Presentation and the public record. Without limitation, prospective investors should consider the advice of their financial, legal, accounting, tax and other advisors
and such other factors they consider appropriate in investigating and analyzing Canamax. Additional information relating to Canamax is available on the Canadian System for Electronic Document and Analysis and Retrieval
(“SEDAR”) at www.sedar.com
Any financial outlook or future-oriented financial information, as defined by applicable securities legislation, has been approved by management of Canamax. Such financial outlook or future-oriented financial information is
provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other
purposes.
2
Reader Advisory and Cautionary Statements

3. • Consolidate financially distressed micro caps
• Exploit low risk development opportunities
• First mover advantage
The
Opportunity
• Completed 4 accretive deals and farm-in in last 8
months – over 1000 BOE/d production capability
• Closed 3 financings - $20mm gross proceeds
• Maintained strong balance sheet – No debt
Continuous
Execution
• Focus on consolidation in core areas
• Targeting 2000-3000 bod/d in 12-24 months
• Combination of acquisition and exploitation
• Multi year inventory of low risk drilling locations
Visible
Growth
3
Growing shareholder value

4. i
Fall 2013
• Brazeau – Acquired 100% working interest in 2 sections – no up front investment
• Recompleted 2 wells in Cardium and commingled 1 well
• Flood - Expand Energy acquisition for net $0.7mm
• Large Montney Oil play 100% working interest , 37 sections, 3D Seismic
• Drilled water disposal well and upgraded battery for injection
Winter 2014
• Wapiti - Completed farm-in horizontal Cardium well for gross $3.5mm IP 30 – 405BOE/d (284 net)
• Land swap to acquire a more prospective section
• Acquisition of Ki Exploration for $6.0mm
• 330 boe/d production and 2P reserves of $16.6mm
• Metrics - $18,000 boe/d or 3.0x trailing cashflow
• Completed financing for $13.0mm to fund Ki acquisition and Capex
Remainder
of 2014
• Purchased additional Flood assets – 4 additional net sections, 40 BOE/d and gas pipeline with sales
point and compressor
• Sold Delta West property for $2.4mm
• Announced capital budget for remainder of 2014
• Develop Flood (8 wells, recomplete 3 wells & infrastructure)
• Drill 1 well at Wapiti and recomplete 4 wells in Retlaw/Brazeau
4
Acquisition & Exploration to date
Targeted calendar 2014 exit production rate 1400-1500 BOE/d

5. 5
Corporate Snapshot
Stock Exchange TSX.V – Symbol CAC
Current share price – at May 26, 2014 $1.40
Capital Structure
Common stock (basic)
(fully diluted)
(Insider ownership – fully diluted)
Market Capitalization - Basic
Cash and working capital – Feb 28, 2014 (Proforma) (1)
Enterprise value - Basic
Bank lines available – expected June 2014
41.3mm
57.4mm
15%
$58mm
$10mm
$48mm
Nil
Production and Reserves
Production capability (2)
Oil & NGL’s %
1P Value (as at Feb 28, 2014)
2P Value (as at Feb 28, 2014)
Undeveloped land (Net acres)
Field Net Back (quarter ended Feb 28, 2014)
1077 BOE/d
52%
$34mm
$55mm
53,000
$28/BOE
(1) Proforma Ki Exploration acquisition and May financing
(2) Production capability as of April 7, 2014 included 977 BOE/d of actual (Canamax + Ki) plus 100 estimated BOE/d coming on stream in June at Flood

6. 2014 Capital Budget - $14.0mm
Flood $10.7mm
Wapiti $2.5mm
Brazeau
$0.5mm
Retlaw $0.3mm
6
2014 Capital Budget
• Recomplete 3 wells
• Drill and complete 8 wells
• Tie-in and infrastructure
• Drill, complete and equip 1
well (0.7 net)
• Recomplete 1 Wilrich well
• Recomplete 3 wells and
equip (net 1.5)
Estimated incremental production range for 2014 Capital Budget 750-850 boe/d (IP 90)
Resulting flowing efficiency rate between $16,500 and $19,000 per barrel
Canamax may make changes to its capital expenditure budget depending on a number of factors, including drilling and and completion results, business conditions, commodity
Prices and prospective acquisitions and divestitures.

7. 7
Production Summary – Actual & Forecast
Production additions in second half of 2014 reflect capital budget
BOE/D
Current Production
Target Exit Production
400
600
800
1000
1200
1400
1600
High Case
Low Case
Target 60% Oil
& NGL’s

8. 8
Stock Performance

9. 9
MANAGEMENT
Brad Gabel – President & CEO and Director
• Involved in numerous acquisitions and divestitures
(private and public companies) - $360mm
• President of Pure Energy Services (TSX Listed sold for
$280m),
• Founder and CEO of Canadian Sub-Surface (TSX listed)
Jeremy Krukowski, P.Eng – Chief Operating Officer
• VP Operations for Rimfire Energy Inc. start-up to 600
boe/d, Manager of Operations at Onyx (2006) Inc. –
start-up to 600 boe/d, Manager of Operations at Onyx
O&G Ltd. – start-up to 1600 boe/d
Chris Martin, C.A. – VP Finance and CFO
• VP Finance and CFO of Pure Energy Services, Canadian
Sub-Surface Energy Services, Jet Energy and Calvalley
Petroleum
• Involved in numerous acquisitions and divestitures
Harry Knutson – Advisor to the Board
• Founding shareholder and past Director of Bonavista
Energy Corp., Twin Butte Energy, Novus Energy and
Director of Pure Energy Services
Karen Genoway – Land Consultant
• VP Land at Onyx O&G Ltd. and Rimfire Energy Inc., VP
Land at Enerplus Corp.
Nabil Khouri. P. Geol – Geologist (Consultant)
• Over 45 years experience in WCSB. Worked with Pan
Canadian, Amerada Hess, Onyx, Ascot and Rimfire
BOARD OF DIRECTORS
Kevin Adair – Executive Chairman
• Currently President & CEO of Petrus Resources Ltd.; Co-
Founder and VP Engineering Spry Energy Ltd.
Hugh Ross – Director
• Currently President & CEO of Novus Energy Inc. – recently
sold for $320mm to Yanchang, Previously Founder, President
& CEO of Gentry Resources Ltd.
Mark Shilling - Director
• Retired CA and previously Director and Audit Committee
chairman several public oil & gas companies
• Director Canadian Wealth Management, Pinnacle Resources,
Sugar Creek Oil & Gas, Seventh Energy Ltd.
Stuart McDowall - Director
• Previous management positions with Canadian Trade
Commissioner Services, and served as Canada’s Ambassador
to the Emirates., Previously a Director General of
Government and PR with Talisman Energy
Allan King - Director
• 2012 – 2013 President and CEO of Canamax, 2009 to 2011
Exploration advisor for Petroamerica Oil Corp in Colombia,
1996 to 2008 held senior positions within Nexen
Kevin Delaney – Director
• 2001 – 2012 CEO Pure Energy Services, prior to CEO of
Delaney Energy Services from 1995 – 2001.
Experienced Management and Board

10. 10
Canamax Core Areas
Flood (100% WI) & Hines Creek (80% WI)
• Flood: Montney Oil; large land position (41 net sections);
28.5km 3D seismic, 7500 BBL battery, gas sales line; water
disposal well and 10 wells
• Hines Creek: Mannville, Montney & Gething; 25.0 net
sections, battery and disposal have year round access
Brazeau River (100% WI)
• Cardium and Belly River light oil
• 4 producing wells (2 sections)
Wapiti (70% WI) & Bilbo (63% WI)
• Wapiti: Cardium light oil
• Farm-in earning well drilled (1.4 net sections)
Retlaw (75% WI)
• Mannville medium gravity oil & shallow cretaceous gas; 32 net
sections; good seismic coverage

11. 11
Flood - Montney Oil
Oil Battery
Injector Well
Drill after break-up
3D Seismic Coverage
Pool Montney F Montney C Triassic D TDB
Operator Barrick Pace Storm Canamax
Founder Blue Mt Trigger Belamont Expand
Strike Worseley Dixonville Grimshaw Flood
Discovered 2005 2004 2007 2011
Producers 25 109 10 3
Injectors 5 67 1 0
Production (bbl/d) 1,500 3,200 350 100
Cum.
Oil (mbbl) 1,093 6,301 244 14
Montney Oil Offsetting Production
Reserve Parameters Unit Montney Oil
OOIP (per section)* MMbls 3.7
API Degree 29.5
Recovery Factor % 10.8
Recoverable Oil MMbls 0.4
Recoverable Gas BCF Flared
Recoverable Boe MMBOE 0.4
Single well economics NPV10 $1.5mm
 Acreage is on trend with Worsley, Dixonville and
Grimshaw Montney oil fields
 Recently acquired 5 wells, land and sales line
 Total of 41 net sections
 28.5km2 of 3D seismic
 7,500 BBL Oil Battery in place
 Significant development potential & water disposal
 Low decline rates
 Water floodable
 Vertical well development plan
 Drill, complete and tie-in cost of less than $1.0mm
 Similar economics to “Viking play”
Canamax 100% WI
Recent asset Purchase
Proposed Drilling Locations
Reactivate
3 wells
*Management internal reserve estimates @ 100% WI

12. 12
Hines Creek
Hines Creek
• 30 BOE/d Production
• Gething recompletion potential that could
lead to horizontal follow-ups
• Montney horizontal that would have
further development potential
• Estimated well cost is $1.5mm and production
of approximately 80 boe/d (IP365)
Proposed Location

13.  Canamax holds 100% WI in 2.25 sections
 4 Producing wells
 1620 mmcf gas production (270 BOE/d)
 150 bbls per day oil production
 Gas compressor installed to improve efficiency and
remove third party fees
 Multi-zone potential
 Proven Cardium Oil
 Belly River – “G” & Basal Zones
 Wilrich channel potential
 12 potential locations (includes 2 recompletes)
13
T47
T48
2-5
1-32
9-5
11-32
R14W5
DeeThree’s Belly River Light Oil
Resource Play Expansion
Canamax Acreage DeeThree Belly River Acreage DeeThree Farm-in Lands
Canamax’s Brazeau River
Properties
SE13
Management internal reserve estimates @ 100% WI
Brazeau River – multi-zone potential
Multi-Zone
Potential Reserve
Parameters Unit
Middle Belly
River (G
Zone) Basal Zone Cardium
OOIP (per section) MMbls 8.1 6.1 4.5
API Degree 42.0 42.0 45.0
Recovery Factor % 3.7% 4.9% 5.3%
Recoverable Oil MMbls 0.3 0.3 0.2
Recoverable Gas BCF 0.7 0.7 1.5
Recoverable Boe MMBOE 0.5 0.5 0.4

14. Cardium
Sec. 21
Sec. 35
NE Sec. 2
Land Holdings
Section Expiry
21 Held by
Production
35 Oct, 2014
NE of 2 Nov, 2014
• Develop Section 21 initially
• Earning 9-21 HZ well for
Cardium oil now being
completed Ki Acquisition
14
2 Recent Wells have an average IP of 190 BOE/d
• Farm-in with RimFire Energy – net interest 70%
• Earning well at 9-21-67-8W6 has been drilled & completed as
Cardium oil well – on production March 25
• IP 30 rate 405 BOE/d (net 284 BOE/d - 86% Oil & NGL)
• Newly acquired section from asset swap
• 7 additional development locations – all horizontal wells
• Gross cost to drill, complete and equip - $3.5mm
• 2014 Capex budget = 1 Hz well (0.7net)
Management internal reserve estimates @ 100% WI
Reserve Parameters Unit Wapiti
OOIP (per section) MMbls 4.7
API Degree 42.0
Recovery Factor % 8.1
Recoverable Oil MMbls 0.5
Recoverable Gas BCF 1.5
Recoverable Boe MMBOE 0.8
Single well economics NPV10 $3.2mm
Wapiti – Cardium Oil
Newly Acquired section
Proposed Locations
2 Gross (1.4 Net) Sections
9-21 Hz Cardium
Well on Production

15. 15
 Producing 195 boe/d (17% Liquids)
 75% of Production is Operated
 51.1 Gross Sections (31.9 Net)
 Good Seismic coverage on Upside lands;
56km2 of 3D and 116 km of 2D
 Year round access
 Horizontal Glauconite channel well with
additional follow-up wells pending results
Retlaw area
Proposed Glauconite Location

16. 16
Exploitation program – Low risk development
Total Development Potential (1)
Area Description Zone
Net Capital
Required
Low Case
Net Capital
Required
High Case
Est Net Production
IP (365) Low Case
Est Net Production
IP (365) High Case
($mm) ($mm) (Boe/d) (Boe/d)
Flood 40 – 150 Vertical wells Montney $38.0 $140.0 1,480 5,550
Brazeau 2 – Hz wells Belly River G $9.0 $9.0 300 375
2 – Hz wells Basal Belly River $9.0 $9.0 300 375
2 – Vertical wells Cardium $3.5 $3.5 170 265
2 – Recompletions Wilrich $1.0 $1.0 90 140
2 – Hz wells Wilrich $17.0 $17.0 1,000 1,790
Wapiti 7 – HZ wells Cardium $14.7 $14.7 700 1,050
Hines Creek 1 – Hz well Montney $1.5 $1.5 60 100
Retlaw 1 – Recompletion Glauconite $0.3 $0.3 20 40
Retlaw 1 – HZ well 25% WI Glauconite $0.5 $0.5 15 40
Totals 60-170 Wells $94.5 $196.5 4,135 9,725
(1) Canamax may make changes to its capital expenditure budget depending on a number of factors, including drilling and and completion results, business conditions,
commodity prices and prospective acquisitions and divestitures.

17. 17
Investment highlights
• First mover advantage
• Management has experience and capable of heavy
lifting required with acquisition and divestiture
strategy
How we are
different
• Relationships with banks and investment dealers to
access distressed juniors
• Additional targets identified
Acquisition
Pipeline
• Focused on consolidation in core areas
• Maintain little or no debt
• Acquisition and low risk exploitation – no exploration
• Multi year inventory of drilling locations
Disciplined
& Focused

18. Break-down of Dilutive Share components
Stock Options Exercise price Expiry Dates Proceeds
285,167 $0.60 Feb-17 $171,100
1,166,667 $1.08 Oct-18 $1,260,000
934,999 $1.36 Apr-19 $1,271,599
110,000 $1.42 May-19 $156,200 Avg
2,496,833 $2,858,899 $1.15
Warrants Exercise Price Expiry Dates Proceeds
500,000 $0.60 Oct-14 & Feb-15 $300,000
4,010,409 $0.60 Sep-15 $2,822,155
575,481 $1.25 May-15 $719,351
287,741 $2.40 May-15 $690,577
8,207,513 $2.40 Mar-16 $19,698,031
13,581,144 $24,230,115 $1.78
TOTALS 16,077,977 $27,089,014 $1.68
18
Dilutive Equity Instruments

19. May 2014
TSXV.CAC