#1RENAISSANCE OIL CORP RENAISSANCE GROWING WITH MEXICO IN A NEW ERA OF ENERGY REFORM Corporate Presentation February 2018 TSXV: ROE#2Forward Looking Statements Certain information in this Presentation may constitute "forward-looking" information or "forward-looking" statements within the meaning of Canadian securities legislation, including, but not limited to, statements with respect to Renaissance Oil Corp. ("Renaissance" or the "Company") becoming a major operator in Mexico with the three blocks awarded to the Company forming a solid foundation to grow the Company. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, but are not limited to, the failure to receive regulatory approval for the issuance of the shares, the risks associated with the bidding process and satisfaction of any prequalifying criteria, and such other risks as disclosed in the Company's management discussion and analysis and other continuous disclosure filings. Although the forward-looking information and statements contained in this Presentation are based upon what management of Renaissance believes are reasonable assumptions, Renaissance cannot assure readers that actual results will be consistent with the forward-looking information and statements. In particular, this Presentation contains forward-looking information and statements pertaining to the following: the treatment of Renaissance under the regulatory regimes and laws of the jurisdictions in which Renaissance conducts its business; drilling and completion of wells; operating and capital costs and the timing and method of funding thereof; timing of development of undeveloped reserves; Renaissance's future oil and natural gas production levels; the Future performance and characteristics of Renaissance's oil and natural gas properties; the estimated size of Renaissance's potential oil and natural gas reserves; projections of market prices and costs; supply and demand for oil and natural gas; expectations regarding the ability to raise capital and to continually add to reserves through acquisitions, exploration and development activities; future capital expenditure programs and the timing and method of financing thereof. With respect to forward-looking information contained in this Presentation, Renaissance has made assumptions regarding, among other things: future prices for oil and natural gas; future currency and interest rates; Renaissance's ability to generate sufficient cash flow from operations; access to debt and/or equity financing to meet its operating costs and future obligations; and Renaissance's ability to obtain qualified staff and equipment in a timely and cost-efficient manner to meet Renaissance's demand. The actual results could differ materially from those anticipated in these forward-looking statements and information as a result of the risk factors set forth below and elsewhere in this Presentation: volatility in market prices for oil and natural gas; the potential for the return of conditions persisting during the recent global crisis and economic downturn; liabilities inherent in oil and gas operations; uncertainties associated with estimating oil and natural gas reserves; competition for, among other things, capital, acquisitions, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; geological, technical, drilling and processing problems; fluctuations in foreign exchange or interest rates and stock market volatility; changes in the laws or application thereof by the Governments of the jurisdictions in which Renaissance conducts its business; business plans and strategies; capital expenditure programs and the timing and method of financing thereof; the ability of Renaissance to achieve drilling success consistent with management's expectations; net present values of future net revenues from reserves; future production levels of Renaissance's assets; timing of bringing on production; expected plans and costs of drilling; drilling inventory and presence of oil pools or gas accumulations; supply and demand for oil and natural gas; ability and costs of increasing plant capacity; expected levels of royalty rates, operating costs, general and administrative costs, costs of services and other costs and expenses; and expectations regarding the ability to raise capital and to continually add to reserves through acquisitions, exploration and development. The forward-looking information contained in this Presentation is expressly qualified by this cautionary statement. 2#3Renaissance Oil Corp. PURE PLAY MEXICO OIL & GAS Mexico's 1st shale play drilled by Renaissance, LUKOIL & PEMEX - Amatitlán block 60,000 acre Amatitlán block holds over 6 billion Bbls of oil in place in the shales Key Statistics TSXV: ROE | ROE.WT | ROE.WT.A || OTC: RNSFF Basic Shares Outstanding Market Cap (@ $0.30 / share) Cash Balance (Dec 31, 2017) December 2017 Avg. Production 233.6 MM C$70.1 MM C$ 7.0 MM 1,650 boe/d • Targeting 1st horizontal unconventional well in H1/2018 Technical team 1st to develop shales in the US, now 1st in Mexico RENAISSANCE IS MEXICO'S 2ND LARGEST OIL & GAS PRODUCER AFTER PEMEX RENAISSANCE OIL CORP 3#4The Mexico Opportunity Mexico holds some of the world's largest undeveloped oil & gas resources Massive unconventional resources are untouched 76 year Pemex monopoly has just ended • Decades of limited capital reinvestment Offshore focus left tremendous onshore opportunities Slow adoption of modern drilling & completions technologies Extensive near-term deal flow potential includes: 160+ Pemex farm-outs 200+ onshore extraction blocks designated for auction RVJAM 950 MEXICO IS AN IDEAL JURISDICTION FOR AN AGGRESSIVE, GROWTH-FOCUSED OIL & GAS COMPANY RENAISSANCE OIL CORP#5Tampico Misantla: "Super Basin" Producing oil since the early 1920s, exhibiting all characteristics of a 'super basin': • • 7.4 billion boe produced to date (mostly oil) 5.2 billion boe in remaining 2P reserves 34.9 billion boe in prospective unconventional resources · Majors are entering basin now Amatitlán Tampico Misantla Basin Source: 2017 Centro Nacional de Información de Hidrocarburos IHS Markit identified the Tampico-Misantla Basin as one of 24 global onshore 'Super Basins', much like the Permian, with multiple reservoirs and source rocks Proven World Class Basin "Untapped Shale Potential" RENAISSANCE.#6Plataforma de Valles Tampico Depth (m) 500-1,000 1,000-1,500 1,500-2,000 2,000-2,500 2,500-3,000 3,000-3,500 3,500-4,000 4,000-4,500 Amatitlán SWEET SPOT OF A NEW SHALE PLAY "Over Pressure with Light Oil/Condensate" 1 Large block: 243 km² (60,000 acres) 2 Multi-zone Extraction Strategy ☑Upper Jurassic Shales: potentially world's next premier shale play • Targeting 1st horizontal well H1/2018 Sierra Madre Oriental Amatitlán Plataforma de Tuxpan •Roza Rica New Shale Operators "TBA" Upper Jurassic Depth Map 0 20 40 80 Naulta Alto Plan de la Haya ✓ Tertiary Sands: low risk production . Now drilling 10 shallow wells, Chicontepec formation certified resource of 4.2 billion Bbls & 3.3 TCF OIP* 3 Premium NA Shale Operators Now Acquiring Acreage * Volume estimates publicly disclosed by the Mexican government and not prepared by a qualified reserves evaluator in accordance with the COGEH or NI 51-101. RENAISSANCE OIL CORP kilometres UPPER JURASSIC FORMATION IS A THICK, OIL-RICH HYBRID RESOURCE SYSTEM THAT IS HIGHLY PROSPECTIVE FOR STACKED PAY DEVELOPMENT#7Upper Jurassic Shale MEXICO'S SOURCE ROCK Amatitlán Cerro Azul-4 Eocene Pal Chicotepec Mio Oligocene Cretaceous Golden Lane Pleist Plio Cret Tr-Jr 'Upper Jurassic Basement Gulf of Mexico Gulf of Mexico Upper Jurassic Shales are the major source rock for Mexico's oil production, including the prolific Golden Lane and Cantarell fields Cantarell Cerro Azul-4 260,000 Bbl/d World's Largest Producing Oil Well Golden Lane Fields Onshore Tampico Misantla Discovered 1908 Source Rock: Upper Jurassic Shale Upper Jurassic *Image not to scale Cantarell Field 2.1 million Bbl/d World's Largest Producing Off-Shore Oil Field Bay of Campeche Offshore Gulf of Mexico Peak Production 2003 Source Rock: Upper Jurassic Shale#8Upper Jurassic Shale AMATITLÁN CORE ANALYSIS High Porosity ✓ High TOC ✓ Interconnected pore system Extensive logs and core analysis has identified a highly prospective shale system 3D image of core from Amatitlán-01 Amatitlán Core Samples Upper Jurassic black shales with high petroleum content 1 micron 2017 Ingrain Inc. RENAISSANCE HAS ANALYZED MULTIPLE CORE SAMPLES FROM AMATITLÁN AND SURROUNDING AREA TO IDENTIFY SWEET SPOT FOR UNCONVENTIONAL DEVELOPMENT RENAISSAI#9200 ft thick 1 ft Upper Jurassic Characteristics Superior to Eagle Ford US Eagle Ford Shale Resource Concentration 109,600 barrels / acre 1 Acre 548 barrels/acre ft 3.3 x thicker than the Eagle Ford Mexico Upper Jurassic Shale 650 ft hick 1 ft Resource Concentration 366,600 barrels / acre 1 Acre 564 barrels/acre ft Amatitlán: 60,000 acres with resource ~ potential of 6.2 billion boe remaining in place 'Resource Concentration' Key parameter to excellent well productivity measured in barrels / acre RENAISSANCE OIL CORP#10Upper Jurassic Shales in Mexico Compare to Major Tight Oil Plays BOE per Acre/ Foot Resource Concentration 700 Hydrocarbon Generation Potential 300 600 500 400 300 200 100 0 ||||| 250 Million BOE per Section 200 150 100 50 0 Permian USA Vaca Muerta Argentina Eagle Ford USA U. Jurassic Mexico Woodford USA Eagle Ford USA Woodford USA Vaca Muerta Argentina U. Jurassic Mexico Permian USA Pimienta, Taman, Santiago U. Jurassic Tampico-Misantla Basin Vaca Muerta U. Jurassic/L. Cretaceous Neuquen Basin Argentina² Eagle Ford Cretaceous Coastal Basin Wolfcamp Permian Midland Basin Woodford Devonian Anadarko Basin Mexico¹ Texas, USA³ Texas, USA4 Oklahoma, USA Average Original TOC (wt.%) 4.50 4.85 4.10 5.90 6.15 Average Carbonate Content (%) 50% 45% 60% 25% 15% Average Silica Content (%) 20% 15% 20% 50% 40% Source Rock Type Marine carbonate Marine carbonate Marine carbonate Marine shale Marine shale Brittleness Rating Very brittle Very brittle Very brittle Very brittle Very brittle Average Porosity 6.0% 6.0% 7.0% 6.0% 6.5% Average Depth (ft) 11,000 10,000 10,500 8,500 12,000 Average Pressure (psi) 7,700 7,000 7,300 4,250 7,800 Average Thickness (ft) 650 450 190 1,000 260 RENAISSANCE OIL CORP 1 Jarvie and Smyth, 2016 2 Jarvie and Rosario-Rosso, 1991 3 Robison, 1997 4 Laredo Petroleum, 2013 5 Jarvie, 2008 10#11Productivity Improvements TECHNOLOGY ADVANCEMENTS IMPROVE EFFICIENCIES & RECOVERIES Operators in South Texas have made substantial productivity gains in horizontal drilling in the Eagle Ford Initial Production (Bbl/d) Recovery (Bbls) 300,000 1,000,000 Eagle Ford Well Productivity Evolution 1,400 1,200 1,000 2017 - Modern Eagle Ford Wells 2011 - Original Eagle Ford Wells Oil Production-Bbl/d 800 600 400 200 1 13 25 37 49 61 73 85 97 109 121 133 145 157 169 Year 2011 Original Wells 2017 Modern Wells 600 1,200 Initial Upper Jurassic test well - highly productive relative to limited geological information to optimize well location Renaissance expects significant productivity in Amatitlán new shale wells 2014 Original Test Well Initial Production (Bbl/d) 650 Recovery (Bbls) 300,000 2018 Targeted Amatitlán Wells 1,200 1,000,000 Upper Jurassic Well Productivity Evolution Oil Production-Bbl/d 1,400 1,200 1,000 800 600 400 200 2018 - Targeted Upper Jurassic Development -2014- Initial Upper Jurassic Test (Corralillo 157) 1 13 25 37 49 61 73 85 97 109 121 133 145 157 169 Year 11#12Ramping Up Amatitlán Production: H1/2018 SHALES • Targeting 1st horizontal well in the Upper Jurassic shales in H1/2018 SHALLOW SANDS • • • Completed 5 of 6 workovers to re-establish production -- light oil (44 API) Drilled 2 wells, each encountering 3-4 sand packages Now completing both wells 110-145m of gross sands Drilling ahead on 3rd well at new multi-well drilling location DRILLING AMATITLÁN #1708: JANUARY 2018 2018 DRILLING PROGRAM ◇ 10 Chicontepec Wells ◇ 1 Upper Jurassic Shale Well RENAISSANCE OIL CORP#13Amatitlán DEAL TERMS February 2017 acquired 25% interest in Amatitlán contract for USD $1.75 million • Renaissance has lead role in operations. • 2018 work program of up to USD $11.25 million to Renaissance Amatitlán is operated under a "CIEP"* Contract and expected to migrate to a License Contract Q2-Q3 2018 Options to increase Renaissance's position to 62.5% of current partner interest Renaissance holds option to acquire 50% of current owners interest in 61,000 acre block adjacent to the north * Integrated Exploration and Production Contract RENAISSANCE OIL CORP 13#14Value per acre (USD) Amatitlán Opportunity SHALE PLAY VALUATION LIFECYCLE $50,000 $40,000 $30,000 $20,000 $10,000 $0 $150 Early Entry Regional Geology Old Logs, Seismic $850 $3,500 --> $16,000 RENAISSANCE STRATEGY MOVE FROM EARLY ENTRY TO PRODUCTION TEST H1 -2018 $47,000 $1,500 $1,250 $1,000 $750 $500 $250 $0 Undeveloped Appraisal Production Test Initial Development Core Samples Regional Tests Test Well to Target New Cores & Logs Modern Frac Production Test 4-6 wells Field in Development Facilities & Infrastructure Build RENAISSANCE OIL CORP Implied value of 30,000 net acres (mm USD) 14#15Chiapas Blocks: Strategic Footprint ORGANIC AND ACQUISITION GROWTOPPORTUNITIES 3 Producing Exploration & Extraction Contracts December avg. production 1,650 boe/d, 100% Renaissance • Largest independent producer in area by 7x. 4 well drilling program Q1-Q2 2018 Tepeyil Jujo-Teca oacan Paredon Teotleco Fenix Arroyo Zanapa Cache Lopez • Forecast 3x production lift in H1 2018 • Multiple farm-in & joint venture opportunities • • 14-20 neglected Pemex extraction blocks within 30 km radius of Renaissance's established operating zone Underutilized pipeline infrastructure - low operating costs 2017 Q1-Q3 operating costs = C$2.81/boe RENAISSANCE OIL CORP Juspi Cactus Nispero Sitio Grande Mundo Nuevo Artesa Rio Nuevo Villahermosa Renaissance Field Office Renaissance Chiapas Fields Iris Comoapa Topén Giraldas Carmit Chiapas-Copano Muspac Catedral Renaissance Blocks Sunuapa Malva Secadero Mexico Gaucho Villahermosa ( Chiapas Fields PEMEX Blocks Other 15 Agave#16Proven Shale Team • • . DANIEL JARVIE Chief Geochemist Former Chief Geochemist of EOG Resources, Inc., largest shale oil producer in North America • Independent geochemical analysis for Mitchell Energy NICK STEINSBERGER Drilling & Completions Engineer Drilling and Completions Manager at Mitchell Energy where he designed and implemented the first slick water frac Drilled and completed over 1,200 shale wells DANIEL STEWARD Senior Geologist Leading Member of Mitchell Energy Barnett Shale Team American Association of Petroleum Geologists "2007 Explorer of the Year" for establishing the Barnett Shale KENT BOWKER Senior Geologist Senior geologist with Mitchell Energy Barnett Shale Team Technical analysis directly led to realization the Barnett Shale held nearly four times more hydrocarbons Renaissance reassembled Mitchell Energy's core technical team who commercialized the 1st successful shale play in the USA...the Barnett Shale Mitchell Energy was acquired by Devon Energy in 2002 for US$3.1 billion FISSANCE.#17Board of Directors IAN TELFER Lead Director . Co-founder and major shareholder of Renaissance Chairman of the Board, Founder & Past President of Goldcorp Inc. Ernst & Young "Entrepreneur of the Year" Former Chair of the World Gold Counsel Inductee to the Canadian Mining Hall of Fame CRAIG STEINKE Director, President & CEO Co-founder and major share-holder of Renaissance Co-founder and former Chief Executive Officer of Realm Energy International Corp. • 20+ years experience in global oil & gas industry, specializing in acquisitions & resource development GORD KEEP Director . CEO of Fiore Management & Advisory Corp., private financial advisory firm, and serves as an officer and/or director for several natural resource companies Past Managing Director of Corporate Finance for Endeavour Financial Corporation, and Sr. VP and Director of Lions Gate Entertainment KEVIN SMITH Director, VP Business Development 20 years experience in the financial services industry, including oil & gas investment banking and raising capital for junior energy companies Past roles with Paradigm Capital, Macquarie Capital Markets Canada Ltd., HSBC Securities (Canada) Inc., and Nesbitt Burns Inc. 17#18Management Team CRAIG STEINKE Director, President & CEO • . • Co-founder and major share-holder of Renaissance Co-founder and former Chief Executive Officer of Realm Energy International Corp. 20+ years experience in global oil & gas industry, specializing in acquisitions & resource development CAROL LAW Chief Operating Officer • 30+ years global experience in the petroleum industry in leadership, strategic decision making, exploration geology, research & consulting Former Exploration Manager East Africa & Caribbean for Anadarko Petroleum; held several senior exploration positions with Kerr McGee and BP/Amoco KEVIN SMITH Director, VP Business Development • 20 years experience in the financial services industry, including oil & gas investment banking and raising capital for junior energy companies Past roles with Paradigm Capital, Macquarie Capital Markets Canada Ltd., HSBC Securities (Canada) Inc., and Nesbitt Burns Inc. CARLOS ESCRIBANO Chief Financial Officer • 10+ years experience in all aspects of senior financial management for publicly traded, multi-national resource corporations in both Canada & Mexico CARMEN ETCHART Corporate Secretary • 20+ years experience in senior administration & foreign relations across various industries in Canada and internationally • 13+ years experience as corporate secretary for several publicly-traded North American junior oil & gas exploration companies 18#19Investment Summary . Tampico Misantla is considered one of the world's 24 onshore "Super Basins" • • . 60,000 acres in the sweet spot of Mexico's 1st shale play, 6.2 billion Bbls oil in place Premium shale players now acquiring land proximal to Renaissance Targeting 1st horizontal unconventional well in H1/2018 Near-term production growth from producing assets • Renaissance is a direct way to play Mexico's oil & gas reform "100% focused on Mexico" RENAISSANCE 19 OIL CORP GROWING WITH MEXICO IN A NEW ERA OF ENERGY REFORM#20RENAISSANCE OIL CORP For further information, please contact us at: Suite 3123, 595 Burrard Street Three Bentall Centre Vancouver, BC V7X 1J1 Canada T: +1.604.536.3637 E: [email protected] www.renaissanceoil.com TSXV: ROE FUSSINCE RENAISSANCE#21RENAISSANCE OIL CORP APPENDIX TSXV: ROE YOUSSINCE RENAISSANCE ENANCE#22Technical Team • • • DANIEL JARVIE Chief Geochemist •Recognized as a leading analytical and an interpretive organic geo-chemist and has evaluated conventional & unconventional petroleum systems globally Former Chief Geochemist of EOG Resources, Inc., largest shale oil producer in North America Most notably, completed the independent geochemical analysis for Mitchell Energy, in their development of the Barnett Shale of the Fort Worth Basin, in Texas NICK STEINSBERGER Drilling & Completions Engineer • 22+ years experience in petroleum engineering, drilling, production, and surface facilities • Completions Manager for Mitchell Energy and responsible for drilling first 25 wells, and 900 overall, in the Barnett Shale; and completed 300+ wells in other shale plays across North America • First to recommend & implement slick water fracs in the Barnett Shale, transforming it from marginal play to one of the largest gas fields in the USA • Horizontal team leader for Devon Energy, designing first horizontal completions and now used industry-wide DAN STEWARD Senior Geologist • 48+ years in petroleum industry, with over 20 evaluating Barnett Shale Widely considered an expert in conventional and unconventional reservoir evaluation Leading member of Mitchell Energy's Barnett Shale team & important contributor to shale play success • Selected by the American Association of Petroleum Geologists (AAPG) for their "2007 Explorer of the Year" award for his role in establishing the Barnett as one of the largest producing gas fields in the USA and the model for shale resource plays worldwide KENT BOWKER Senior Geologist • • • 35+ years experience in oil & gas industry, widely recognized as global industry expert in geology and engineering of unconventional oil & gas reservoirs Recruited by Mitchell Energy, in 1998, to join Barnett Shale Team, where he played an integral role in the successful development of the resource & company His technical analysis directly led to the realization the Barnett Shale held nearly 4x more gas than previously determined 22 22#23Key Personnel SERGIO BERUMEN Project Manager • 30+ years experience as a Senior Reservoir Engineer ° Evaluated several Mexican oil & gas clastic & fractured carbonate reservoirs • Previously served as Technology Manager and Senior Reservoir Engineer for Pemex and Chief Geosciences Manager for Diavaz • Extended experience in integrated reservoir engineering studies and geomechanical projects, with specialty in development planning, integration of portfolio oilfield locations and technology strategy in oil field development WADE SPARK Operations Manager • Senior positions with Petroamerica Oil, Petrominerales Colombia, Nexen (CanOxy) Petroleum and Norcen Energy Resources • • 30+ years international experience with energy companies in Central & South America, North America, Asia, the Middle East & Africa Expert in low productivity & mature field redevelopments 23 23#24Share Structure SHARE STRUCTURE WARRANTS (Listed on TSX-V) ROE-TSX-V: Basic Shares Outstanding: Basic Market Capitalization: Stock Options: ROE.WT Outstanding: Strike Price: Expiration: Proceeds: ROE.WT.A $0.30 233.6 million $70.1 million 20.5 million (avg. strike $0.27) 70.4 million $0.50/share July 2019 $35.2 million Outstanding: Strike Price: Expiration: Proceeds: OTHER WARRANTS (unlisted) Outstanding: Avg. Strike Price: Expiration: Proceeds: 106.7 million $0.20/share Oct. 2020 $21.4 million 27.3 million $0.48/share Mar 2019 Dec 2022 $13.0 million FULLY DILUTED SHARES 458.6 million CASH BALANCE C$7 million (December 31, 2017) 24 24#25Significantly Under-Developed RELATIVE TO THE REST OF NORTH AMERICA Extensive undeveloped opportunities in Mexico create ideal environment for growth Renaissance was the 1st independent producer/operator in Mexico-production starting May 2016 Establishing Renaissance as the leading operator in Mexico is providing many joint venture opportunities Monte Oil and Gas Wells xico City aebla 3939 Mexico Basin Gulf of Mexico Sampeche Escarpment Yucatán Shelf U.S. Oil and Natural Gas Wells/Platforms Mexico Oll and Natural Gas Wells/Platforms -EEZ boundaries pursuant to customary international law "Delimitation Line" pursuant to relevant US-Mexico Treaties Sources C Delon NAVTEC ens controsare Yuca 25#26. • • • Mexico's Five Year Plan 96 exploration & 237 extraction blocks are designated for auction 72 billion boe remaining in place offshore + onshore* 235,000 kms (58 million acres) Multi-zone opportunities Vast field reactivation and expansion opportunities Undeveloped Shale Potential Tampico-Misantla Basin holds over 50% of Mexico's oil resources, with less than 1% recovery to date Renaissance & LUKOIL - 243 km² (60,000 acres) emerging shale oil play Sureste Basin contains numerous mature fields that have received virtually no reinvestment Renaissance - 100% of 74.2 km² (18,335 acres) producing approximately 1,650 boe/d (Dec 2017) 10400W Renaissance Focus Areas Plan Quinquenal Exploración Ronda Randa! Ronda 2 Randa 3 Ronda & 104 Extracción Rondas Randa 1 * Source: Comisión Nacional de Hidrocarburos Unidos mática Hidalgo 96DW Tampico-Misantla Basin Golfo de México Sureste Basin Oaxaca Chiapas 100 W Campeche Yucatan Quintana Roo W W 26 26