Table of Contents Table of Contents 2 List of Tables 3 List of Figures 4 Company Snapshot 6 Key Information 6 Tribute Resources Inc., Valuation and Financial Data 7 Tribute Resources Inc., Share Price Performance 7 Share Price Performance, Q1, 2015-Q1, 2016 7 Tribute Resources Inc., Key Valuation Metrics 8 Key Valuation Metrics, Q1, 2015-Q1, 2016 8 Tribute Resources Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 9 Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 9 Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 10 Tribute Resources Inc., Quarterly Production Trends 11 Tribute Resources Inc., Total Oil and Gas Production 11 Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 11 Tribute Resources Inc., Natural Gas Production 12 Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 12 Tribute Resources Inc., Valuation and Financial Data, 2011-2015 13 Tribute Resources Inc., Share Price Performance, 2011-2015 13 Share Price Performance, 2011-2015 13 Key Valuation Metrics, 2011-2015 14 Tribute Resources Inc., Production and Reserves Trends 15 Total Oil and Gas, Reserves and Production 15 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 15 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 16 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 18 Crude Oil/Liquids Production and Reserve 19 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 19 Crude Oil Production and Reserves By Country/Region, 2011-2015 20 Crude Oil/Liquids Reserve Changes, 2011-2015 21 Natural Gas Production and Reserve 22 Natural Gas Production and Reserve Trend, 2011-2015 22 Natural Gas Production and Reserves, By Country/Region, 2011-2015 23 Natural Gas Reserve Changes, 2011-2015 25 Total Crude Oil and Natural Gas Reserves Life Index 26 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 26 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 27 Tribute Resources Inc., Reserve Replacement Ratio 29 Oil and Gas Production Replacement Ratio 29 Oil and Gas Production Replacement Ratio, 2011-2015 29 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 31 Tribute Resources Inc., Results of Oil & Gas Operations Trend 35 Oil and Gas Revenue and Expenses 35 Oil and Gas Revenue and Expenses, 2011-2015 35 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 36 Oil and Gas Revenue and Expenses, Per boe 40 Oil and Gas Revenue and Expenses, By boe, 2011-2015 40 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 41 Oil and Gas Performance Metrics 44 Recent Developments 45 Tribute Resources Inc. - Recent Developments 45 Sep 08, 2015: Tribute Resources Announces Resignation Of Director 45 Appendix 46 Methodology 46 Coverage 46 Secondary Research 46 Primary Research 46 Data Information Sources 47 Company Source 47 SEC/Other Regulatory Filings 47 Other Sources 47 Expert Panel Validation 47 Data Definition 47 Oil and Gas Reserves 47 Units of Measure 48 About GlobalData 48 Disclosure 48 Disclaimer 48

List of Tables Table 1: Tribute Resources Inc., Key Facts 6 Table 2: Tribute Resources Inc., Share Price Performance, Q1, 2015-Q1, 2016 7 Table 3: Tribute Resources Inc., Key Valuation Metrics, Q1, 2015-Q1, 2016 8 Table 4: Tribute Resources Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 9 Table 5: Tribute Resources Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 10 Table 6: Tribute Resources Inc., Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 11 Table 7: Tribute Resources Inc., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 12 Table 8: Tribute Resources Inc., Share Price Performance, 2011-2015 13 Table 9: Tribute Resources Inc., Key Valuation Metrics, 2011-2015 14 Table 10: Tribute Resources Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 15 Table 11: Tribute Resources Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 17 Table 12: Tribute Resources Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 18 Table 13: Tribute Resources Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 19 Table 14: Tribute Resources Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 20 Table 15: Tribute Resources Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 21 Table 16: Tribute Resources Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 22 Table 17: Tribute Resources Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 24 Table 18: Tribute Resources Inc., Natural Gas Reserve Changes, bcf, 2011-2015 25 Table 19: Tribute Resources Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 26 Table 20: Tribute Resources Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 28 Table 21: Tribute Resources Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 30 Table 22: Tribute Resources Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 34 Table 23: Tribute Resources Inc., Revenue and Expenses, US$ mil, 2011-2015 35 Table 24: Tribute Resources Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 39 Table 25: Tribute Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 40 Table 26: Tribute Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 43 Table 27: Tribute Resources Inc., Oil and Gas Performance Metrics, 2011-2015 44 List of Figures Figure 1: Tribute Resources Inc., Share Price Performance, CAD/Share, Q1, 2015-Q1, 2016 7 Figure 2: Tribute Resources Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 8 Figure 3: Tribute Resources Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 9 Figure 4: Tribute Resources Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 11 Figure 5: Tribute Resources Inc., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 12 Figure 6: Tribute Resources Inc., Share Price Performance, CAD/Share, 2011-2015 13 Figure 7: Tribute Resources Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 14 Figure 8: Tribute Resources Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 15 Figure 9: Tribute Resources Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 16 Figure 10: Tribute Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 16 Figure 11: Tribute Resources Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 18 Figure 12: Tribute Resources Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 19 Figure 13: Tribute Resources Inc., Crude Oil Reserve Changes, mmbbl, 2015 21 Figure 14: Tribute Resources Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 22 Figure 15: Tribute Resources Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 23 Figure 16: Tribute Resources Inc., Gas Production, By Country/Region, bcf, 2011-2015 23 Figure 17: Tribute Resources Inc., Natural Gas Reserve Changes, bcf, 2015 25 Figure 18: Tribute Resources Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 26 Figure 19: Tribute Resources Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 27 Figure 20: Tribute Resources Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 27 Figure 21: Tribute Resources Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 28 Figure 22: Tribute Resources Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 29 Figure 23: Tribute Resources Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 31 Figure 24: Tribute Resources Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 31 Figure 25: Tribute Resources Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 32 Figure 26: Tribute Resources Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 32 Figure 27: Tribute Resources Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 33 Figure 28: Tribute Resources Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 33 Figure 29: Tribute Resources Inc., Revenue and Expenses, US$ mil, 2011-2015 35 Figure 30: Tribute Resources Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 36 Figure 31: Tribute Resources Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 36 Figure 32: Tribute Resources Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 37 Figure 33: Tribute Resources Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 37 Figure 34: Tribute Resources Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 38 Figure 35: Tribute Resources Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 38 Figure 36: Tribute Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 40 Figure 37: Tribute Resources Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 41 Figure 38: Tribute Resources Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 41 Figure 39: Tribute Resources Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 42 Figure 40: Tribute Resources Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 42 Figure 41: Tribute Resources Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 43 Figure 42: Tribute Resources Inc., Oil and Gas Performance Metrics, 2011-2015 44