Annual General Meeting August 15 th , 2011

1. Annual General Meeting August 15th, 2011

2. Disclaimer FORWARD LOOKING INFORMATION: This presentation contains certain forward-looking statements relating, but not limited, to DEEP Earth Energy Production Corp.’s expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intent”, “estimate”, “may” and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information may include reserve and resource estimates, estimates of future production, costs of capital projects and timing of commencement of operations, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reserves, the recovery of resources varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results. Shareholders and prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Shareholders are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. DEEP Earth Energy Production Corp. undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. This caution is provided in accordance with the requirements of Parts 4A and 4B of National Instrument 51-102 Continuous Disclosure Obligations, respecting disclosure of forward looking information. STATUORY RIGHTS OF INVESTORS: Securities legislation in certain of the provinces and territories of Canada provides purchasers with the right to withdraw from an agreement to purchase securities. The right may be exercised within two business days after receipt or deemed receipt of a prospectus, offering memorandum or any amendment thereto. In several of the provinces, securities legislation further provides a purchaser with remedies for rescission or, in some jurisdictions, revisions of the price or damages if the offering document, or any amendment thereto, contains a misrepresentation or is not delivered to the purchaser, provided that such remedies for rescission, revision of the price or damages are exercised by the purchaser within the time limit prescribed by the securities legislation of the purchaser's province or territory. The purchaser should refer to any applicable provisions of the securities legislation of the purchaser's province or territory for the particulars of these rights or consult with a legal advisor.

3. Milestones • Land Secured • SaskPower Green Options Partners Program • Private Placement • Project Management in place • Public Offering • Drilling and turbine installation • Power production 2013 3

4. DEEP Earth Energy Production Corp. While traditional non-renewable energy resources are finite, and traditional renewable resources have inconsistent power outputs, Geothermalresources produce in perpetuity with constant base load power 4

5. Highlights • Low risk geology: - vast sedimentary reservoir over 100s of square miles - Initial temperature and porosity/permeability data already available from existing well data • Small repeatable 4-5 MW projects in and area with the potential for 100s of MW of baseload electrical production • Extremely environmentally friendly – no carbon emissions, silent, small surface footprint, inexhaustible heat resource • “Off the shelf” turbine and drilling technology – mature and reliable • Profitable under SaskPower’s current Green Options Partners Program pricing – project selected in SaskPower’s 2011 lottery 5

6. Mission, Vision and Strategy: Mission: Developinggeothermal resources to meet increasing energy needs with secure, clean and renewable energy Vision: To be the first Saskatchewan geothermal power producer by understanding that geothermal energy is: • Sustainable- a perpetual natural energy source • GREEN - zero carbon-based fuel consumption • Profitable - Can be the lowest cost of alternative power generation Strategy: Identify and develop geothermal hot spots suitable for multiple 4-5 MW power generation plants 6

7. Financings Financings: 1. Current - Up to $1.5 million @ $0.20/share • Proceeds used for further exploration on our project (drill hole optimization, land acquisitions, and Project Manager hire, legal fees for planned public offering and general corporate expenses) 2. Public Offering – Up to $10M • A Second financing to be completed in conjunction with a public listing • Proceeds for completing 2 wells to a depth of ~3000 metres in the Williston Basin, additional land acquisitions and general corporate expenses 7

8. Geothermal Worldwide Mature technology Global installed geothermal power is 10,700 MW, in 24 countries, supplying 60 million people with renewable energy Overall potential global geothermal power capacity is 190,000 MW 8 Source: Islandbanki United States Geothermal Energy Market Report

9. Heat is recovered from water recycling through the system and converted to electricity Continuous heat supply means that with proper engineering geothermal systems can run indefinitely The ultimate renewable resource! Geothermal Power 9

10. Geothermal v s. Other Renewables • Small surface foot print – housed in typical farm sized sheds or underground • Virtually silent Land Use In acres/ 1 billion kWh Solar PV Solar concentrating Coal Geothermal Wind 0 1,000 2,000 3,000 4,000 5,000 Source: (1) NREL, AWEA and Glitnir Research. For biomass, the land use is tremendous and particular critical as it can be of influence to the food sector. It also has to be mentioned, that Solar PV could use space on roofs and walls and therefore not be a huge limitation. (2) Navigant Consulting, Presentation, at: http://www1.eere.energy.gov/femp/pdfs/rewg_navigant.pdf 10 Source: Islandbanki United States Geothermal Energy Market Report

11. Geothermal v s. Other Renewables Geothermal runs almost all the time!! Baseload power generation Power Availability(%) Base-Load Sources: (1) Net Capacity Factor (%) averages for selected renewables, Glitnir Research 11 Source: Islandbanki United States Geothermal Energy Market Report

12. Land Acquisition • DEEP has received a Lease of Space agreement from the Saskatchewan Ministry of Energy and Resources on an initial project area on approximately 9 sections of land near Estevan, Saskatchewan. The project area is located in Southeast Saskatchewan, west of Estevan, and totals 2,395.74 hectares (5,920 acres) • Pursuing partnerships with existing Petroleum and Natural Gas lease holders which can provide access to substantial reserves, possibly improving drill rig availability, and possible cost savings. Consent agreements sent out on August 12th. • Freehold rights agreements/consents are being pursued which may also include agreements on possible oil and gas discoveries 12

13. Land Acquisition 13

14. Positive Resource Report • Borealis Geopower Inc. prepared an independent technical report to ascertain the geologic and economic possibility of developing the geothermal resource for heat and electricity production in DEEP’s project area • The document was prepared in accordance with the Canadian Geothermal Code for Public Reporting, produced by the Canadian Geothermal Energy Association • Conclusion: “… the analysis suggests that small geothermal (<5MW) power plants are economically viable.” • This project can be repeated many times in this area 14

15. Positive Resource Report • Net power production of ~1.25 MW/well • 5 MW field design • Scalable and repeatable over many fields Capital Costs for 5 MW Field: • Exploration/Well Re-Entry Program: $1.0 million • Production Drilling Cost: $8.4 million • Binary Turbine Power Facility: 5.0MW @ 1.8million/MW = $9.0 million • Piping & Fluid transport 5.0 MW @ $0.3 million/MW = $1.5 million Generic Costs: • Project Management: ~10% of above total = $2.0 Million • Power House/Building = ~$400,000 • Total Capital Costs: $22.3 Million • Installed Capital Costs / MW = ~$4.5 Million 15

16. Geothermal v s. Other Renewables Our project costs are similar to other North American geothermal projects Installed Cost for Electricity Generation¹ ‘000 USD/ MW: Cost of Electricity Generation² cents/ kWh: Current Prices Median Sources: (1) California Energy Commission (Draft Staff Report) June 2007; (2) Selected renewables; averages for Biomass, Solar & Fuel Cells; In-Service Year = 2007 (Nominal 2007$), California Energy Commission (Draft Staff Report) June 2007; Navigant Consulting “Levelized Cost of Generation Model...”, at: http://westcarb.org/2007_energypolicy/documents/2007-06-12_workshop/presentations/2007-06-12_NAVIGANT_CONSULTING.PDF 16 Source: Islandbanki United States Geothermal Energy Market Report

17. Saskatchewan Energy Demands • SaskPower is facing an unprecedented demand from customers – 6.7% increase in the next 10 years • Environmental regulations will influence SaskPower’s choice of electrical generation options • Coal-fired generation may not continue as it has in the past… • Current capacity is 3,600 MW ( incl. 469 MW purchased) • SaskPower will have to rebuild, replace or acquire 4,100 MW of electricity by 2030 – no medium to long term plan for the “gap” • What will fill this gap???? 17

18. Power Costs and Purchase Rates • SaskPower announced in July that DEEP’s application for a 5.0 MW geothermal project located in Southeast Saskatchewan was selected in SaskPower’s Green Options Partners Program annual lottery • The program streamlines power purchasing for small and medium-sized “clean power” producers that sell between 100 kilowatts (kW) and 10 megawatts (MW) of electricity, by providing a fixed price for all power produced under the contract. • The energy tariff for 2012 is $98.02/MWh and increases at rate of 2% per year over the term of the contract 18

19. Investment Analysis Best case: * This model does not include any potential debt financing. * Assumes a turbine efficiency rate of 7%. Turbine manufacturers are now claiming rates as high as 17% Base case: Worst case: 19

20. Summary: • Low risk geology – huge sedimentary aquifer • No major exploration costs – public data from oil and gas drilling exploration • Low initial capital expenditure – Scalable and Repeatable Projects • 100s of megawatts potentially available - baseload • No carbon emissions • Silent and minimal environmental footprint • Inexhaustible resource – heat from the earth’s core • Mature and reliable technology • Possible >20% IRR - in perpetuity 20

21. Additional Potential What ifs… • Leveraged financing • More efficient turbines • Government funding – SRED, etc. • Resource is better than anticipated – hotter and better flow rates • Oil and gas discovery • Lithium discovery • Industrial application or carbon sequestrian program • Improved power purchase agreement 21

22. Capital Structure CURRENT CAPITAL STRUCTURE: Shares (13.2% insider owned) 9,625,000 Options (10%) Issued: 675,000 Open: (287,500) Founders Warrants (9%) 900,000 Fully diluted 11,487,500 Net working capital (Q4) ~$600,000 Debt nil 22

23. Directors & Management • Kirsten Marcia, P.Geo.: President, CEO & Director Former Vice President of Exploration for Wescan Goldfields Inc., 13 years of mining exploration experience • Steve Halabura, P.Geo., F.E.C. (Hon.): Director & Non-Executive Board Chair President and CEO, Concept Forge Inc., Partner HCF Mercantile Inc. • Al Zack: CFO, Director Principal and COO of HCF Mercantile, former President and CEO PrimeWest Mortgage • Mark Andreas, EIT: COO Geological Engineer, North Rim Exploration Ltd. • Rob Theoret, B.Comm., CIM: Director Principal and President/CEO of HCF Mercantile Inc., Director and CFO of Admiralty Oils Ltd. • Jeffrey Green: Director Managing Partner, Jovian Asset Management Inc. • Jamie McIntyre: Government and Environmental Technical Advisor 20 years in the mining and nuclear energy business and former Cameco VP • Tim Galbreath: Land Advisor 26 years in Petroleum Land Management, currently Land Man to Equal Energy, and Director of Rallyemont Energy Inc., Allstar Energy Ltd., and Admiralty Oils Ltd • Legal Counsel: William A. Nickel - McDougal Gauley LLP Dan Anderson - MLT 23

24. Thank you! 1103 Tower at Midtown 201 - 1st Avenue South Saskatoon, SK S7K 1J5 www.deepcorp.ca