Laredo Oil Inc. (LRDC) Corporate Media Kit

Laredo Oil Inc. (LRDC)

InvestorBrandNetwork (IBN) 8033 Sunset Blvd. Suite 1037 Los Angeles, CA 90046 (310) 299-1717 Laredo Oil Inc. 2021 Guadalupe St, Suite 260 Austin, TX 78705 (512) 337-1199

Laredo Oil Inc. (OTC: LRDC), based in Austin, Texas, is a publicly traded oil and gas exploration and production (“E&P”) company. Specializing in conventional and enhanced oil recovery (“EOR”) techniques, the company is engaged in the acquisition and development of both undervalued quality conventional oil and gas properties and select mature oil fields. In addition to pursuing conventional recovery methods in target locations, Laredo Oil intends to utilize its proprietary Underground Gravity Drainage™ (“UGD”) model, where conditions warrant, to profitably recover stranded oil reserves previously thought to be incapable of economic recovery.

Strategy Laredo Oil intends to complete acquisitions of select mature oil fields in addition to conventional acreage and properties. The company is pursuing assets it believes are favorable for the profitable use of its proprietary Underground Gravity Drainage™ (“UGD”) model to recover stranded oil. The UGD method is suitable to mature oil fields with very specific geological and reservoir characteristics. Over the last 10 years, Laredo Oil has completed extensive research and field level application to identify specific oil fields within the United States that it believes are qualified for the UGD recovery method. The company believes the costs to implement the UGD method are significantly lower than those of other commonly used enhanced oil recovery (“EOR”) methods. Laredo Oil anticipates that it can materially increase the field oil production rate from prior periods and, in certain cases, recover amounts of oil equal to or greater than previously recovered from the selected mature fields

Operations Laredo Oil’s primary focus is on acquiring, developing and operating undervalued conventional oil and gas properties. With over 24,000 net acres currently under lease, Laredo Oil, together with its operating subsidiaries, has targeted the following two primary areas for drilling and re-development:

Western Williston Basin – Mississippian and Devonian Targets – With historical production dating back to the 1950s, this region has provided continuous development since discovery to the present. Laredo’s operational area includes numerous underdeveloped but proven infill locations within the existing fields and leases, as well as multiple step-out locations for additional development. Shallow well depths range from 4,000 to 7,000 feet, and the use of conventional well applications will require less drilling, capital and risk as compared to unconventional techniques. Central Montana Uplift – Cretaceous Targets – Production in this area dates back from 1919 and continues to present day. This area offers the ideal characteristics for implementation of Laredo’s proprietary Underground Gravity Drainage™ (“UGD”) and other enhanced recovery methods. The company believes its leased acreage has the potential to yield at least five years of development opportunities. In the near term, Laredo Oil is focused on drilling the initial development well at one of the first 10 target locations. Provided the efforts yield anticipated results, the company plans to begin drilling additional wells at the location as soon as practical thereafter. The company intends to aggressively pursue the acquisition of quality assets that major, mid-major and large independent oil and gas companies continue to divest themselves of at a discount in response to ESG (Environmental, Social and Governmental) and sustainability initiatives and other pressures imposed by activist boards of directors. The company, leveraging its EOR methods, often has a lower environmental impact than its competitors and is employing a strategy to focus on value, growth potential and free cash flow while complying with common sense ESG policies.

Market Considerations Laredo Oil is positioning amid an expected climb in U.S. oil prices as energy demand intensifies with the economy continuing to recover from the COVID19 slowdown. Also driving upward price pressure is global supply chain dysfunction that slows or prevents shipments, including energy components, from reaching destinations. Years of reduced investment in fossil fuel producers due to green energy mandates has also constrained domestic oil production. Accordingly, the company expects a favorable short-term outlook for oil. Many industries have yet to reach pre-COVID production levels, which Laredo Oil believes points to a continuing near-term upward trend in energy demand.

Investor Overview DOil and gas E&P company engaged in acquiring, developing and operating both conventional oil and gas properties and select mature oil fields suitable for the use of its proprietary EOR methods DMaintains a focus on value, growth upside and free cash flow regardless of the property DAcquired leases on over 24,000 net acres with drilling and re-development targets ideally suited for Laredo’s proprietary enhanced extraction and conventional methods DReserve report from independent petroleum engineering firm confirms potential of first 10 initial drilling targets and expansion possibilities

Leadership Team Mark See Chief Executive Officer and Chairman Mark See has over 30 years of experience in heavy civil, natural resources and E&P industries. He was the founder and founding CEO of Rock Well Petroleum, a private oil & gas company until December 2008, when he then, until October 2009, formed Laredo Oil. See was previously employed with Albian Sands to manage the Alberta Oil Sands Projects at Fort McMurray, Alberta, Canada, a joint venture between Shell Canada and Chevron. He also served as president of Oil Recovery Enhancement LLC in Bozeman, Montana, a private oil company. See was selected as one of the top 25 Engineers in North America by the Engineering News Record for his innovations in the petroleum industry. He holds a mining engineering degree from the Mackay School of Mines at the University of Nevada at Reno. See is a member of the Society of Mining Engineers and the Society of Petroleum Engineers. Bradley Sparks Chief Financial Officer, Treasurer and Director Before joining Laredo Oil in October 2009, Bradley Sparks served as the chief executive officer, president and a director of Visualant Inc. Previously he also was the chief financial officer of WatchGuard Technologies Inc. and the founder and managing director of Sunburst Growth Ventures LLC, a private

investment firm specializing in emerging-growth companies. Sparks also founded Pointer Communications and served as chief financial officer for several telecommunications and internet companies, including eSpire Communications Inc., Digex Inc., Omnipoint Corporation and WAM!NET. In addition, he served as vice president and treasurer of MCI Communications from 1988-1993 and as vice president and controller from 1993-1995. Before his tenure at MCI, Sparks held various financial management positions at Ryder System Inc. He currently serves on the board of directors of Comrise. Sparks graduated from the United States Military Academy at West Point in 1969 and is a former Army captain in the Signal Corps. He holds a MS in management from the Sloan School of Management at the Massachusetts Institute of Technology and is a licensed CPA in Florida. Donald Beckham Director Since July 2015, Donald Beckham has been a partner with Copestone Energy Partners LLC. In 1993, he founded Beckham Resources Inc. (“BRI”), which, for over 30 years, has been a licensed, bonded and insured operator in good standing with the Railroad Commission of Texas. Through BRI, Beckham has drilled and operated fields for his own account. His expertise is in the acquisition, exploitation, exploration and production enhancement of mature oil and gas fields through which he has been able to enhance production by compressor optimization, pump design, work-over programs, stimulation techniques and identifying new pay zones. Prior to BRI, Beckham was the chief operations manager for Houston Oil Fields Corporation (“HOFCO”), where he began his career. There, he was responsible for drilling, production and field operations and managed approximately 100 engineers, geologists, land men, pumpers and other

contract personnel, as well as state and federal environmental and regulatory functions. He managed an annual capital budget of approximately $30 million and operated approximately 100 wells. HOFCO drilled about 20 wells per annum and performed approximately 30 recompletions and work over operations each year. HOFCO owned interests in about 10 key fields principally in Texas, and company-managed production was approximately 1,000 bpd of crude oil and 10 mm cfd of natural gas. Beckham is a petroleum engineer and 1984 graduate of Mississippi State University. Michael Price Independent Director Michael Price has over 40 years of senior financial and petroleum experience in the global oil and gas industry. He has been a principal in Octagon Energy Advisors, a Houston-based energy investment advisory firm, from 2002 to present. The firm advises financial institutions and institutional investors participating in energy investments. From 2008 through his retirement in 2021, he served as a managing director at ING Capital, which provides debt financing to domestic exploration and production companies. From 1998 through 2002, Price was the chief financial officer of Forman Petroleum Corporation. Before that, Price was managing director at Chase Manhattan Bank for 15 years and was in charge of technical support for Chase’s worldwide energy merchant banking activities. In his early career, he worked as a consulting principal on domestic petroleum engineering and landowner matters and gained extensive international experience working with major oil companies in a variety of operating positions. He holds a BS and MS from Illinois Institute of Technology, an MBA from the University of Chicago, a M.Sc. from the London School of Economics and an MS in Petroleum Engineering from Tulane University.

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