The following sets out the terms under which you may access and use NAL Energy Corporation's ("NAL") website located at www.nalenergy.com (the "NAL Website") as well as use any information or materials contain in the NAL Website. By accessing the NAL Website, you are agreeing to be bound by the terms of these Terms of Use. If you do not agree with the terms set out in these Terms of Use you may not access or use the NAL Website or any information or materials contained therein.

The terms set out in these Terms of Use may be changed from time to time, without notice. It is your responsibility to check for such changes. If you do not agree with any amendment you must stop using and accessing the NAL Website. Your continued access or use of the NAL Website after any such changes are posted will constitute your acceptance of these changes.

You may not interfere with the security of or otherwise abuse the NAL Website or any system resources, services or networks connected to or accessible through the NAL Website. You may only use the NAL Website for lawful purposes.

LIMITED LICENSE

Subject to the terms of these Terms of Use, you are granted a limited license only to display and print the materials and information contained in the NAL Website for your own personal, non-commercial use, provided that such materials and information are not modified and that copyright and other intellectual property notices are not deleted. You may not create derivative works from or otherwise reproduce, modify, republish or disseminate any materials or information contained in the NAL Website in any manner or form whatsoever. Unless you have entered into a separate agreement with NAL, any other use of such materials or information without NAL's written permission is prohibited.

PROPRIETARY RIGHTS

The materials and information contained on the NAL Website are protected under the laws of Canada and of other countries. Certain words, phrases, names, titles, icons, graphics, designs or logos used on the NAL Website may constitute trade-marks, service marks or trade-names of NAL or other entities. The display of trade-marks, service marks or trade-names on the pages of the NAL Website does not imply that a license of any kind has been granted to anyone else. Except as specifically set out herein, you may not use any such trade-marks, service marks or trade-names in any manner whatsoever.

INVESTMENT DECISIONS

THE MATERIALS AND INFORMATION CONTAINED IN THE NAL WEBSITE ARE PROVIDED FOR INFORMATION PURPOSES ONLY AND ARE NOT INTENDED TO CONSTITUTE AN OFFERING OF SECURITIES IN ANY JURISDICTION. Information disclosed under the securities laws of those Canadian jurisdictions applicable to NAL is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through or on the NAL Website. Due to the technical and security risks inherent in the Internet, and because the document you access may differ from the original depending on your browser software, the information set out in the NAL Website should not be used for the purpose of making investment decisions with respect to NAL.

IF YOU ARE GONG 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 CURRENT INFORMATION THEN YOU MUST REFER TO DOCUMENTS THAT HAVE BEEN FILED WITH THE SECURITIES AUTHORITIES. Such information may be accessed from the website for the System for Electronic Document Analysis and Retrieval (SEDAR) developed for the Canadian securities administrators which is located at www.sedar.com.

INVESTMENT CAUTION

Individual statements appearing in NAL'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 NAL Website.

FORWARD LOOKING STATEMENTS

The NAL Website contains statements that constitute "forward-looking information" within the meaning of applicable securities legislation. These statements include, among other things, estimates of production and operations; estimates of financial performance; estimates of prices and future sales; business plans for drilling, exploration and development; the estimated amounts and timing of capital expenditures; estimates of operating costs; business strategies and plans or budgets; royalty rates; estimates of exchange rates; and other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance. Statements concerning oil and gas reserves contained on or through this website and elsewhere may also be deemed to be forward-looking information as they involve the implied assessment that the reserves described exist in the quantities estimated and can be profitably produced in the future, based on certain estimates and assumptions. Forward-looking statements often, but not always, use words or phrases such as: "expects", "does not expect" or "is expected", "anticipates" or "does not anticipate", "plans" or "planned", "estimates" or "estimated", "projects" or "projected", "forecasts" or "forecasted", "believes", "intends", "likely", "possible", "probable", "scheduled", "goal", "objective" or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking information is based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated by NAL. These risks include, but are not limited to: the risks of the oil and gas industry, such as operational risks in exploring for, developing and producing crude oil and natural gas; risks and uncertainties involving the geology of oil and gas deposits; the uncertainty of reserves estimates and reserves life; the uncertainty of estimates and projections relating to production, costs and expenses; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; limited, unfavorable or no access to capital or credit markets; the impact of competitors; the lack of availability of qualified operating or management personnel; the inability to obtain industry partner and other third party consents and approvals, when required; fluctuations in oil and gas prices, foreign currency exchange rates and interest rates; the outcome and effects of completed acquisitions, as well as any future acquisitions; the ability of NAL to integrate any assets it has acquired or may acquire or the performance of those assets; health, safety and environmental risks; uncertainties related to the litigation process; changes in general economic and business conditions; the possibility that government policies or laws may change or governmental approvals may be delayed or withheld; changes in royalty rates; changes in tax laws; political uncertainty, including the risk of hostilities in the petroleum producing regions of the world; the results of NAL's risk mitigation strategies, including insurance and any hedging programs; and NAL's ability to implement its business strategy.

We caution that the foregoing list of risks and uncertainties is not exhaustive. Additional information on these and other factors which could affect NAL's operations or financial results are included in NAL's most recent Annual Information Form and Annual Report. You can access the Annual Information Form and the Annual Report from the NAL Website. In addition, information is available in NAL's other reports on file with Canadian securities regulatory authorities.

Undue reliance should not be placed on forward-looking information which is based on management's assumptions and is subject to known and unknown risks and uncertainties, including the risks described above, which may cause actual performance and financial results in future periods to differ materially from any predictions of future performance or results expressed or implied by such future-looking information. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted.

Forward-looking information is based on the estimates and opinions of NAL's management at the time the statements are made. NAL assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change, except as required by law.

LINKS TO THIRD PARTY WEBSITES

NAL does not control any third party website and is therefore not responsible for the content of any linked website or any link contained in a linked website. Linked websites are not part of the NAL Website. NAL provides such links only as a convenience and the inclusion of any link does not imply endorsement, investigation or verification by NAL of the linked website or information contained therein.

CURRENCY OF WEBSITE:

NAL updates the information on this website periodically. However, NAL cannot guarantee or accept any responsibility or liability for the accuracy, currency or completeness of the information on this website. NAL may revise, supplement or delete information, materials, services and/or the resources contained in this website and reserves the right to make such changes without prior notification to past, current or prospective visitors.

INTERNET E-MAIL

The Internet is not a fully secure medium and any communication may be lost, intercepted or altered. NAL is not liable for any damages related to communications to or from the NAL Website. You agree with respect to any information provided by you to us through the NAL Website or via e-mail that:

• NAL has no obligation concerning such information;
• the information is non-confidential;
• NAL may use, disclose, distribute or copy the information and may use any ideas, concepts or know-how contained in the information for any purpose; and
• the information is truthful and disclosure of the information does not violate the legal rights of others.

INTERNET SOFTWARE OR COMPUTER VIRUSES

Due to technical difficulties with the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information contained on this website. Computer viruses or other destructive programs may also be inadvertently downloaded from this website.

NAL shall not be responsible or liable for any software, computer viruses or other destructive, harmful or disruptive files or programs that may infect or otherwise impact your use of your computer equipment or other property on account of your access to, use of, or browsing on this website or your downloading of any of the information or materials from this website. NAL recommends that you install appropriate anti-virus or other protective software.

DISCLAIMER OF WARRANTIES

THE NAL WEBSITE, AND ALL MATERIALS AND INFORMATION CONTAINED THEREIN, IS PROVIDED "AS IS" AND "AS AVAILABLE" AND IS USED BY YOU AT YOUR SOLE RISK. NAL MAKES NO EXPRESS OR IMPLIED WARRANTIES, CONDITIONS OR REPRESENTATIONS WHATSOEVER, INCLUDING THOSE IMPLIED BY STATUTE OR LAW, AND SPECIFICALLY DISCLAIMS THE SAME INCLUDING WITHOUT LIMITATION, ANY WARRANTIES, REPRESENTATIONS OR CONDITIONS OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT.

IN ADDITION, WITHOUT LIMITING THE FOREGOING, NAL DOES NOT REPRESENT OR WARRANT THAT THE NAL WEBSITE OR THE MATERIALS OR INFORMATION CONTAINED THEREIN WILL MEET YOUR REQUIREMENTS OR THAT THEIR USE WILL BE UNINTERRUPTED OR ERROR FREE. THE NAL WEBSITE MAY CONTAIN BUGS, ERRORS, PROBLEMS OR OTHER LIMITATIONS. NAL ASSUMES NO LIABILITY OR RESPONSIBILITY FOR ANY SUCH BUGS, ERRORS, PROBLEMS OR LIMITATIONS IN THE OPERATION OF, OR ANY INFORMATION OR MATERIALS CONTAINED IN, THE NAL WEBSITE.

EXCLUSION OF LIABILITY

YOU ASSUME ALL RESPONSIBILITY AND RISK FOR USE OF THE NAL WEBSITE INCLUDING WITHOUT LIMITATION ANY OF THE MATERIALS OR INFORMATION CONTAINED THEREIN.

TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT SHALL NAL OR ANY OF ITS SUBSIDIARY ENTITIES OR THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, SECURITY HOLDERS, PARTNERS OR AGENTS BE LIABLE FOR ANY INCIDENTAL, INDIRECT, PUNITIVE, EXEMPLARY, CONSEQUENTIAL OR OTHER SIMILAR DAMAGES WHATSOEVER, OR ANY DAMAGES FOR LOSS OF PROFITS, INTERRUPTION, LOSS OF BUSINESS INFORMATION, OR LOSS OF OPPORTUNITY IN CONNECTION WITH ANY CLAIM, LOSS, DAMAGE, ACTION, SUIT OR OTHER PROCEEDING ARISING UNDER OR OUT OF THESE TERMS OF USE, INCLUDING WITHOUT LIMITATION YOUR USE OF, RELIANCE UPON, ACCESS TO, OR EXPLOITATION OF THE NAL WEBSITE, THE MATERIALS OR INFORMATION CONTAINED THEREIN, OR ANY PART THEREOF, OR ANY RIGHTS GRANTED TO YOU HEREUNDER, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER THE ACTION IS BASED ON CONTRACT, TORT (INCLUDING NEGLIGENCE), INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OR OTHERWISE.

IN EVERY EVENT, NAL'S TOTAL MAXIMUM AGGREGATE LIABILITY UNDER THESE TERMS OF USE OR THE USE OR EXPLOITATION OF ANY OR ALL PART OF THE WEBSITE, THE INFORMATION OR THE MATERIALS CONTAINED THEREIN, IN ANY MANNER WHATSOEVER SHALL BE LIMITED TO FIVE ($5.00) DOLLARS.

THE CONSIDERATION BEING PAID HEREUNDER DOES NOT INCLUDE ANY CONSIDERATION FOR NAL TO ASSUME ANY RISKS BEYOND THOSE EXPRESSLY ASSUMED HEREIN AND IF ANY SUCH RISKS WERE TO BE ASSUMED BY NAL, NAL WOULD NOT HAVE ENTERED INTO THIS AGREEMENT WITHOUT CHARGING SUBSTANTIAL FEES.

SOME JURISDICTIONS DO NOT ALLOW FOR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU.

GENERAL

NAL is headquartered in Alberta, Canada and the NAL Website is controlled, operated and administered by NAL from Alberta, Canada. The NAL Website can be accessed from all provinces and territories of Canada, as well as from other countries around the world. As each of these jurisdictions has laws that may differ from those of Alberta, Canada, by accessing the NAL Website, you acknowledge and agree that all matters relating to these Terms of Use and access to, or use of, the NAL Website (including any of the materials or information contained therein), 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 conflicts of laws principles). You agree that any legal action or proceeding between you and NAL which in any way concerns these Terms of Use or the use of the NAL Website or any materials or information contained therein shall be brought exclusively in the courts of Alberta, Canada. Any such dispute will be brought on an individual basis, and will not be consolidated in any other proceeding with any claim, controversy or dispute of any other party. Except where prohibited by applicable law, you agree to waive any right you may have to commence or participate in any class action against NAL relating to any such dispute and you also agree to opt out of any class proceedings against NAL. Notwithstanding the foregoing, either party may apply to any court of competent jurisdiction to obtain injunctive relief.

NAL makes no representation that access to the NAL Website or that the information contained therein is appropriate or legal in all jurisdictions. You may not access the NAL 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.

NAL's failure to insist upon or enforce strict performance of any provision of these Terms of Use shall not be construed as a waiver of any provision or right.

If any provision or part thereof of these Terms of Use is wholly or partially unenforceable, the parties or, in the event the parties are unable to agree, a court of competent jurisdiction, shall put in place thereof an enforceable provision or provisions, or part thereof, that as nearly as possible reflects the terms of the unenforceable provision or part thereof.

All references herein to NAL shall be deemed to include any subsidiary, affiliate, associate or successor of NAL.

The parties have requested that these Terms of Use and all documents relating thereto be drawn up in English. Les parties ont demand que cette convention ainsi que tous les documents qui s'y rattachent soient en anglais.