Company Presentation

Company Presentation 1st Quarter 2011

Safe Harbor Statement Matters discussed in this presentation contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. © 2011 OriginOil, Inc.

Executive Summary • Founded in June 2007, OriginOil is an emerging green technology company, dedicated to developing the world’s dominant technological platform for algae oil production. • Positioned to become “the Intel of algae oil,” OriginOil has differentiated itself from its competitors by focusing on building the breakthrough technology behind algae oil production, rather than producing algae oil itself . • Notable accomplishments and advantages include: • Differentiated business model. • Extensive patent portfolio, continuous innovation. • Multi-billion dollar long-term market opportunity. • Strong “initial markets” and short-term revenue applications. • Developing a globally integrated network of commercial partners. • Flagship research partnership with U.S. Department of Energy. • Emerging commercial partnerships with showcase partners. • Most efficient extraction technology in the algae oil industry. • First mobile demonstration system launched to drive sales. • First customer booked in a fast-expanding strategic segment. • First revenue announced with follow-on announcements scheduled. After more than three years of technological breakthrough, OriginOil has achieved commercialization and is well ahead of its strategic plan. © 2011 OriginOil, Inc.

Company Overview * Yahoo Finance 21 January 2011 ** OriginOil 31 Dec 2010 *** DTC Report 21January 2011 • Name: OriginOil, Inc. • CEO: Riggs Eckelberry • Incorporated: June 2007 • Effective as Public Company: April 2008 • Headquarters: Los Angeles, CA • Employees: 10 • Ticker: OOIL (OTCBB) • Share Price: $0.19 • 52 wk High/Low: $0.35/$0.11 • Average Daily Volume: 534,717 (3 month)* • Market Cap: $34.28MM* • Shares Outstanding: 184.61MM** • Public Float: 62MM*** • Principal Ownership: Riggs Eckelberry (21.7%), Nicholas Eckelberry (8.12%) © 2011 OriginOil, Inc.

Cleantech: A Multi-Trillion Dollar Market Venture funding for clean technologies has exploded since 2003. By far the fastest growing category of VC investment, cleantech surpassed biotech as the largest recipient of VC money in 2009. Source: Cleantech Group © 2011 OriginOil, Inc.

The Advanced Biofuels Mandate • Algae, the primary advanced biofuel, will benefit from US mandated standards • Ethanol fully replaced by 2022 • Fastest growth among all biofuels Source: http://www.epa.gov/oms/renewablefuels/420f09023.htm © 2011 OriginOil, Inc.

Algal Biofuels: An Engine of Growth Commercial Timeline of Algal Biofuels 6 Billion Gallons 8 billion gallons/yr 1 Billion Gallons 1 billion gallons/yr 100 Million Gallons 100 million gallons/yr 50 million gallons/yr 10 Million Gallons 10 million gallons/yr 1 Million Gallons 1 million gallons/yr 100,000 Gallons 100,000 gallons/yr Sources: Algae 2020, Emerging Markets Online Consulting Services, Biofuel Digest 2010 2018 2011 2012 2013 2025 • The world biofuels market is expected to grow at a CAGR of 12%+ until 2017 • $105.4 billion in forecasted annual revenue by 2018 © 2011 OriginOil, Inc.

Algal Biofuels: Market Snapshot This market trend strongly favors breakthrough technology providers such as OriginOil. Source: Algae Biofuels Production Technologies Worldwide Market Research Report Despite an economic downturn, environmental concerns and volatile crude oil prices continue to drive the algae biofuels industry: • Algae market growth 550% between 2005 and 2007, forecast to reach $1.6B by 2015. • Emerging production technologies to make up one-third of the market by 2015, obsoleting current technologies. © 2011 OriginOil, Inc.

Algae To Dominate Renewable Chemicals • Renewable chemicals market: US$56.9 billion in sales by 2015. • Elevance (Cargill spinoff) grossing $10MM today, forecasts $1 billion in 2016. • Elevance has indicated to OriginOil its priority focus on algae. • Fast-growing renewable chemicals company Cereplast (CERP) has announced a changeover to algae. Sources:GIA Global Strategic Business Report: Renewable Chemicals, Plastics News, Energy & Environmental Systems Institute • 90% of crude oil goes into fuel, but 40% of the profits come from petrochemicals. • Renewable chemicals market is poised to become a viable alternative to petrochemicals. • Algae is the only renewable feedstock which can scale realistically to compete with petroleum. © 2011 OriginOil, Inc.

Chemicals and Consumer Products Chemical and Consumer Products Companies are following suit: — Algenol — Solazyme — Solix “London-based Unilever, which relies on palm oil to make Dove soap, Vaseline lotion and Magnum ice cream…has made a multimillion-dollar investment in Solazyme Inc., a South San Francisco, Calif., company that harvests algal oil, a liquid that can replace palm oil in foods, soaps and lotions and serve as biodiesel fuel to power airplanes.” – Wall Street Journal © 2011 OriginOil, Inc.

Three Generations of Biofuels • First Generation – Billions of dollars invested in corn, vegetable oils, sugar cane. Caused major food supply dislocations in 2008. • Second Generation – Billions more still being invested in non-food land crops such as grasses, forestry, jatropha. Food chain dislocation avoided, but major issues of land and water use remain. • Third Generation – Advanced Biofuels. • Requirements: • Not a food crop • Needs minimal land • Uses waste, brackish, or salt water • Purifies water (nitrates, drugs, salts) • Minimal evaporation • Substantial rates of CO2 absorption • Large-scale Oxygen generation • Rapid harvests, permitting industrial scale production ----- Algae is the Third Generation feedstock . © 2011 OriginOil, Inc.

Algae Solves Resource Challenges • Fossil Fuel Displacement • Biofuels from algae can replace petroleum directly. • Every ton of algal biofuels used displaces one ton of petroleum. • Reduces Emissions and CO2 • Reduction of many pollutants. • “Net zero” carbon footprint. • Total sequestration for maximum carbon removal. • Sustainable Generation • Use of croplands avoided completely. • Fresh water unnecessary (waste water preferred). • Use of fresh water reduced or eliminated altogether. • Industry Synergies • Industry partnerships for onsite fuels and CO2 absorption • Algae’s compact footprint enables production even in industrial zones. © 2011 OriginOil, Inc.

The Challenge The industry’s foremost technology challenge is getting the oil out of the water. A technological approach is needed Source: Biofuels Digest, 18 January 2011: Lotta Watta: algal innovators pioneering new extraction techniques © 2011 OriginOil, Inc.

The Solution OriginOil has the key technology for oil extraction from algae: • In one step, Quantum Fracturing™ combines with electromagnetism and pH modification to break down cell walls. • Algae oil rises to the top for skimming and refining, while the remaining biomass settles to the bottom for further processing as fuel and other valuable products. © 2011 OriginOil, Inc.

The OriginOil IP Portfolio #10 – Hydrogen Harvester™ (2010): Photosynthetic technology platform that yields energy in the form of oil, biomass, and hydrogen. Uses little or no external energy inputs, requires no sulfur deprivation or other “stressing” of the algae, and no genetic modification. #9 – MultiReactor™ (2010): Direct-solar growth design that uses growth layers to harness the sun’s energy more effectively than existing pond systems, while greatly reducing the real estate required. #8 – Attached Growth System (2009): A breakthrough surface-mounted algae growth system that achieves more efficient light delivery, scalable growth, and higher throughput. Optimal for initial rollout in wastewater treatment plants. #7 – Live Extraction™ (2009): Achieves continuous production of algae oil without destroying the algae cell; does not employ expensive consumables and is not limited to oil-bearing algae strains. #6 – Dynamic Control System (2009): A bio-feedback process that improves energy efficiency and growth rates by ensuring the right types and amounts of light are used at all times as the algae grows to maturity. #5 – Single-Step Extraction™(2009): A revolutionary simplification of the algae harvesting process; combines Quantum Fracturing™ with electromagnetics and pH modification to bring about oil extraction, and self-separation of oil, water and biomass. #4 – Optimizing Photosynthesis in a PhotoBioReactor (2009): Additional improvements in photosynthesis using artificial lighting. #3 – Modular and Scalable Growth System (2008): Horizontal and vertical “stacking” of many Helix BioReactors into an integrated network of fully automated, portable, and remotely monitored growth units. #2 – Helix BioReactor™ (2008): Enables multiple vertical growth planes by optimizing delivery of light. #1 – Quantum Fracturing™ (2007): Achieves total and instantaneous distribution of CO2 and nutrients in the algae culture with minimal disruption. Note: All patents are currently pending and under the interim protection of the U.S. Patent and Trademark Office (USPTO) © 2011 OriginOil, Inc.

Than To More Similar To • Like the giants of crude oil, the first-wave of algae oil companies have invested hundreds of millions of dollars in infrastructural build-out, vertical production, and head-to-head competition. • OriginOil, on the other hand, is a pure technology company – competing with few while looking to partner with many. • OriginOil’s mission is to design and continually adapt the world’s dominant technological platform for algae extraction. • OriginOil will commercialize its technology through a combination of: • Today: Strategic partners who will help prove and scale the technology. • Tomorrow, OEMs and licensees who will give the technology global distribution. The OEM category encompasses manufacturers, distributors, engineering service firms, system integrators as well as specialty operators in high-value markets such as nutritionals and beauty products. Certain OEMs will be selected as manufacturers of OriginOil’s proprietary hardware. © 2011 OriginOil, Inc.

Than To More Similar To • OriginOil’s blend of Strategic Partnerships and OEM/Licensing offers a host of potential advantages, including: • Limited Capital Requirements • Clean balance sheet and minimal leverage requirements • No capital cost for manufacturing, no time wasted on building distribution • Collaborate with major players instead of competing with them • Diversified revenue streams (large customer sales now, blending into licensing annuities) © 2011 OriginOil, Inc.

Company Developments “OriginOil’s algae harvesting equipment performed extremely well during preconstruction tests at MBD’s R&D facility at James Cook University,” Andrew Lawson, Managing Director of MBD Energy, Ltd. January 25, 2011 – OriginOil Lands First Order for Industrial Scale Algae Oil Extraction System Owner of three ‘CO2 to energy’ projects will pilot extraction unit at large coal-fired power plant January 20, 2011 – OriginOil to Embed Its Technology into Industrial Algae Systems Long-term goals will be in licensing while strategic partners help prove and scale technology January 11, 2011 – OriginOil to focus on Its Industry Leading Algae Extraction Technology New single focus on extracting oil from algae strategically positions the company to provide the critical connection between algae growers and refiners January 5, 2010 – National Algae Association Names Riggs Eckelberry to Advisory Board OriginOil CEO to join top professionals who will help scale up and develop the algae industry December 8, 2010 – OriginOil Announces Successful First Phase of Commercial Pilot Program Pilot Partner MBD Energy praises OriginOil Team on expertise and system operation November 8, 2010 – OriginOil Achieves Hydrogen Production Comparable to Photovoltaics Research breakthrough points to a highly scalable and renewable source of hydrogen October 6, 2010 – OriginOil Enters Strategic Partnership with Major Bio-Capture Player Master agreement covers product deliveries, joint development, technology protection and exclusivities September 2, 2010 – OriginOil Delivers Second Product To Strategic Customer Shipment of Single-Step Extraction System to MBD Energy Triggers Second Payment Series July 27, 2010 – OriginOil Announces Revenue from First Customer Shipment of OriginOil Quantum Fracturing System to MBD Energy Triggers Payment July 21, 2010 – OriginOil’s Chief Technology Officer Joins Algae Industry Magazine’s Science and Industry Advisory Board Dr. Brian Goodall, distinguished scientist and global technologist, joins expert panel July 8, 2010 – OriginOil Announces Breakthrough Hydrogen Harvester Invention New technology taps hydrogen generated by living algae © 2011 OriginOil, Inc.

Consistently Ranked in Top Algae Co’s. • Recent roundup in Biofuels Digest of the algae extraction challenge prominently features OriginOil: • Lotta Watta: algal innovators pioneering new extraction techniques • OriginOil’s Extraction and Live Extraction • “OriginOil’s Single Step Extraction is currently implemented in the field at MBD Energy’s James Cook University site in North Queensland, Australia…” • Recent listing of the ten leading algae companies in Environmental Expert: • Algae: 10 Superstars With Strategies For Success • 6. System Integration: OriginOil • “Extraction is a critical bottleneck in commercial algae • production,”… • OriginOil is in the top tier of leading algae companies. © 2011 OriginOil, Inc.

Industry Breakout in Carbon Bio-Capture • OriginOil’s first strategic partner is MBD Energy, financed by Anglo American Mining to reduce carbon emissions using algae. (Bio-CCS: Bio-based Carbon Capture and Storage) • In late 2010, OriginOil successfully completed its first research scale installation at an MBD Energy site. • MBD Energy has agreed to expand into a 3-phase power plant pilot project worth about $1 million in 2011 sales to OriginOil. • 240X increase in capacity planned: OriginOil will track with MBD from a one-hectare pilot to 80 hectares at each of three of Australia’s largest power plants. Carbon Capture represents the breakout opportunity to build massive algae systems worldwide. © 2011 OriginOil, Inc.

Key Research and Commercial Partners • Department of Energy – Idaho National Laboratory • Cooperative Research and Development Agreement (CRADA) executed on 17 February 2009 • Phase 1 Results: An unprecedented Energy Balance Model unveiled at the NAA conference in September 2009 • Status: Phase 1 complete; Phase 2 and Phase 3 currently under design. • Desmet Ballestra N.V. (BELGIUM) • An international leader in the manufacture and distribution of oil and fat processing equipment • More than $500M in annual equipment sales • Status:The parties are operating under a signed Memorandum of Understanding for Desmet to manufacture and distribute OriginOil’s components and systems in its 26 markets worldwide. • MBD Energy Limited (AUSTRALIA) • OriginOil will supply MBD Energy, an Australian company, with its Quantum Fracturing and Single Step Extraction systems under a multi-phase commercialization program. • MBD plans to serve its three Bio CCS (Carbon Capture and Storage) power station projects in Australia. • MBD is a founding member of the Bio CCS (Carbon Capture and Sequestration) program. • Anglo American, one of the world’s largest mining companies, is a cornerstone investor in MBD Energy. • Status:Research phase complete under multi-year master agreement; MBD has committed to a full provisioning of its first power plant project in three phases in 2011. © 2011 OriginOil, Inc.

Management Team Riggs Eckelberry – President and CEO • Co-founder, OriginOil, Inc. • Co-inventor, OriginOil technology • Veteran high-technology manager • Record high sales and brand success for YellowPages.com, Panda Software and CleanSweep Brian Goodall, Ph.D. – Chief Technology Officer • Over 30 years international experience in petrochemicals, renewable energy and algae sectors • As VP at Sapphire Energy, enabled first US commercial flight using algae (Continental Airlines – 2009) • As VP at Imperium Renewables, delivered the bio-jet fuel for first demo flight (Virgin Atlantic – 2008) • Senior positions at Royal Dutch/Shell Group, B.F. Goodrich, Rohm & Haas and Albermarle • Holder of more than 80 patents and winner of approximately $130 million in grants and loan guarantees Scott Fraser – Vice President of Operations • Veteran of enterprise sales and partnership building at Lucent and Avaya • Veteran of concept-to-market process • Extensive experience in technology prototyping Jose Sanchez – Vice President of Growth and Production • Veteran in the design and field operation of algae production systems • As General Manager of Aurora Mexico, launched Aurora Algae’s Mexico-based field operations & R&D center Paul Reep – Senior Technical Advisor • Over 25 years as a senior manager in the Department of Energy National Laboratory system • Proven facilitator of government and private sector partnerships © 2011 OriginOil, Inc.

Board of Directors Riggs Eckelberry – Chairman Ivan Ivankovich – Director • Over 19 years of financial and operational expertise at YellowPages.com, Platinum Equity (global acquisition firm), and venture-backed companies such as HealthAllies and TriVida • Led and negotiated the merger of YellowPages.com with SBC and Bell South • Serves as consulting Chief Financial Officer and advisor to several high-technology companies • CPA and member of California Society of CPAs • Chairman of OriginOil’s Finance and Auditing Committee • OriginOil’s designated CFO upon institutional funding Adam Meislik – Director • Provides companies with expert advice and execution on financial restructurings, turnarounds, capital markets, M&A, governance and overall business strategy • Principal at XRoads Solutions Group, leading the Media, Energy and Technology practices • Investment banking experience as Executive Director of CIBC World Markets, and similar positions at Salem Partners LLC, Jefferies & Company, Inc. and Howard Weil • Has managed over 100 mergers, acquisitions, capital transactions and restructurings © 2011 OriginOil, Inc.

Than To More Similar To • A streamlined company with flexible technology, OriginOil is positioned to: • Adapt to changes in algae oil research, markets, and infrastructure • Partner, rather than compete, with major algae oil producers • Stay ahead of future competitors through “first mover advantage” • Become essential to algae companies with valuable services • Become an essential component of every algae system in the world • Attract attention from potentials acquirers and strategic investors OriginOil is the strategic investment in the algae oil market © 2011 OriginOil, Inc.

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