AGYP PROFILE

OUR NEW PROFILE IS:   AGYP

Allied Energy Corporation Retained Council To Advise On and Initiate a Corporate Up-listing and Share Buyback Program

Allied Energy acquires 80% revenue interest in multiple northern Texas oil wells

AGYP is an Oil and Gas Production Co. Re-Working Proven Existing Wells

OIL CROSSES $100 A BARRELL FOR THE FIRST TIME SINCE 2014 AS RUSSIA INVADES UKRAINE

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Hello Everyone,

We have a new profile for today’s session.  We looked at this company once before back in May before it went on a 2 month, 100%+ run.

Pull up AGYP immediately.

This one started off 2021 trading at just .04 before skyrocketing all the way to .69 on strong interest.  We saw a pull back under .30 before another huge run to .82.

Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing ‘existing’ oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and as mentioned above, the costs are considerably less. Additionally, the Company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America (“IPAA”) – “With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America’s true strategic petroleum reserve.”

Allied Energy Corporation Retained Council To Advise On and Initiate a Corporate Up-listing and Share Buyback Program

Carrollton, Texas, Feb. 24, 2022 (GLOBE NEWSWIRE) — Allied Energy Corp (OTC Pink: AGYP), is a producing oil and gas company focused on leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States. Allied Energy is pleased to announce that the Company has retained the services of a securities council to assist the company “AGYP” in the process of up-listing to a recognized North American Stock Exchange, excluding the US OTCMarkets. Furthermore, council has also been secured to advise and help structure an ongoing share buyback program of AGYP’s common stock.

Council retained by Allied has practiced securities law for over 30 years in North America and has successfully helped companies list and up-list their securities from lower tiered exchanges to higher tiered exchanges. Council has also achieved dual-listings for numerous companies on foreign exchanges such as the Canadian TSX or the Frankfurt Stock Exchange. The details of council will be revealed in the future when filings necessary for “AGYP” up-listing are disclosed.

The Company outlined three crucial reasons for the decision to up-list AGYP to a higher exchange:

Transparency Allied thinks that transparency on a recognized exchange will lend itself to greater trust and respect from the investment community. Allied is fortunate to have the Texas Railroad Commission website providing official updates on the Company’s lease site and oil well activities, but up-listing to a higher exchange will require audited financials and other mandatory disclosures that will show greater transparency to the investing community.

Increased Attraction for Acquisitions As Allied evolves throughout 2022 the Company desires to position itself in the most attractive way possible for real growth that adds value to the corporate bottom line.

Wider Visibility Allied believes that up-listing to a higher exchange will give the Company more visibility on an international platform. With oil prices continuing to rise we believe there is the potential for more and more investors to look towards the oil and gas sector, and therefore having more visibility around the world can only be viewed as a positive.

In addition to the up-listing process, council is retained to assist Allied with the task of executing an ongoing share buyback program of their common stock. The Company desires to reduce their public float by buying back shares in the open market or acquisitions through private transactions. More details on the buyback program will be forthcoming.

Allied CEO George Montieth explained: “Now that Allied has moved from exploration status to production and oil sales, management believes it is time to initiate the move to a higher tier exchange and institute a share buy-back program. We feel these initiatives will benefit both the company and our shareholders by building real value now and in the future. I look forward to elaborating on material events as they take fruition.”

How AGYP could generate revenue in an unprecedented way.

Allied Energy (OTC: AGYP) has changed the landscape of the energy management and development industry with its revolutionary techniques. Their recent forecast news was released regarding the first well project called the Byers Heirs #2 Well. This is located in Deu Pree Field in Wood County, Texas.

With such a significant demand for crude oil, Allied Energy saw the potential and jumped on the opportunity to invest in this crucial area of the country. The well is currently waiting for final re-completion after being successfully re-entered by Allied Energy earlier this year. To finish the well, they will have to drill four or five lateral legs to help with increasing productivity.

The prediction for the future of Allied Energy (OTC: AGYP) stated that the company was expecting to work on the site in late February or even early March. The only problem was their heightened dependence on the crews they would be able to hire and whether they would get the job completed in time. Fortunately, this was not an issue as they had predicted before starting this step of the project.

However, Allied Energy’s CEO George Montieth feels optimistic about the future and what the new well brings their company despite these challenges. When asked about the well, Montieth said that “Byers Hiers #2 Well had near term potential to produce significant revenue for Allied”. The investors and management team at Allied have hope that this new well will compete well with their other previous projects, which entailed between 91 and 122 barrels per day after completing their work on the site.

With the planned work on-site at Byers Hiers #2 Well, Allied Energy’s forecast for the future is bright. They are hoping to produce more barrels from the northern Texas wells and even continue onward to find more in the region that they can capitalize on. Their forecast is optimistic, which means well for the energy development company’s plans, even beyond Texas and into other notable oil and gas regions.

AGYP has a disruptive method for drilling

Allied Energy employs a process of resurrecting shut-in wells called “reworking” or “recompleting” that has enormous benefits according to CEO George Monteith. “With our process, speed to production can be up to 5x faster, costs can be up to 10x lower, and oil production volumes can be increased up to 5x. This results in better cash flow, lower costs, and higher returns for the business – all of which fosters healthy growth.

Allied Energy (OTC: AGYP) has changed the landscape of the energy management and development industry with its revolutionary techniques. Their recent forecast news was released regarding the first well project called the Byers Heirs #2 Well. This is located in Deu Pree Field in Wood County, Texas.

With such a significant demand for crude oil, Allied Energy saw the potential and jumped on the opportunity to invest in this crucial area of the country. The well is currently waiting for final re-completion after being successfully re-entered by Allied Energy earlier this year. To finish the well, they will have to drill four or five lateral legs to help with increasing productivity.

The prediction for the future of Allied Energy (OTC: AGYP) stated that the company was expecting to work on the site in late February or even early March. The only problem was their heightened dependence on the crews they would be able to hire and whether they would get the job completed in time. Fortunately, this was not an issue as they had predicted before starting this step of the project.

However, Allied Energy’s CEO George Montieth feels optimistic about the future and what the new well brings their company despite these challenges. When asked about the well, Montieth said that “Byers Hiers #2 Well had near term potential to produce significant revenue for Allied”. The investors and management team at Allied have hope that this new well will compete well with their other previous projects, which entailed between 91 and 122 barrels per day after completing their work on the site.

With the planned work on-site at Byers Hiers #2 Well, Allied Energy’s forecast for the future is bright. They are hoping to produce more barrels from the northern Texas wells and even continue onward to find more in the region that they can capitalize on. Their forecast is optimistic, which means well for the energy development company’s plans, even beyond Texas and into other notable oil and gas regions.

It takes about three years to truly develop a new oil find. If we are cruising for a shortage over the next 18-24 months based on underdevelopment of new resources a year ago, then new models of ramping production will be in play.

Allied Energy (OTCMKTS:AGYP) is interesting because it provides a different path to increased production and one that carries messaging far more likely to appeal to the climate change agenda than traditional producers.

The company announced last year that it signed the final agreement contract with Energy Management Resources, LLC and has acquired an 80% stake in an initial two northern Texas oil wells identified as the “Palo Pinto #1” and “Palo Pinto #2” wells. Allied Energy’s land position will allow the company to develop up to ten additional wells in the surrounding Baylor County Texas area known locally as the “Green Lease.”

Allied CEO George Montieth elaborated on the acquisition: “With this Palo Pinto acquisition and with Curtis recently joining our team as Oil Operations Manager, real oil production for Allied is now only a few short weeks away. The Company’s goal before summer is to have multiple wells at two different lease locations producing daily, with more new wells coming online throughout 2021. Allied has two important things going for it now that it has never enjoyed before: 1) Strategic funding of acquisitions, in a shareholder-friendly way, is being done with the long-term success of the Company in mind and 2) Rising oil prices that make re-completing formerly producing wells with 21st century technology highly lucrative. We are in the right industry sector at the right time and now we have the working capital to take advantage of this surging oil market while putting our years of expertise to good use. Based on the leases we now hold and others we plan to acquire I believe that Allied will strongly position itself as an oil producer within this market sector.”

According to its release, Allied is pleased to inform its valued shareholders that this acquisition was completed through a non-dilutive, all-cash purchase and immediately adds significant value to Allied’s bottom line as a new asset on the books.

Based on formal due diligence completed by Ardent Oil and Gas Consultants (http://ardentoil.com) the estimated ultimate recovery of the two Palo Pinto wells is approximately 113,000 barrels of oil or about $6.7 million dollars assuming a price of $60 per barrel for crude oil.

This represents one of several applied examples of AGYP’s model set to potentially come to market through the business of reworking and re-completing existing oil and gas wells located in the thousands of mature oil and gas producing fields across the United States, with the objective of mobilizing its expertise and technology to drive higher production volumes, longer well life, and more efficient recovery of proven and available oil and gas reserves in acquired wells.

This strategy is potentially particularly potent in an environment where oil prices are rising and well above recent longer-term expected levels, without regulatory interference, including OPEC+, and where the development of new sources of supply have been strikingly absent.

Allied Energy Corporation Reviews 2021 Oil Leases Progress to Production and Provides 2022 Outlook

Carrollton, Texas, Jan. 20, 2022 (GLOBE NEWSWIRE) — Allied Energy Corp (OTC Pink: AGYP), an energy company focused on leasing and reworking oil and gas reserves in the most prolific hydrocarbon areas of the United States, is pleased to provide a 2021 year-in-review detailing progress and production at the Company’s Green Lease, Gilmer Lease, and Prometheus Lease Sites.

The Company received their P4 and P5 permits in the spring of 2021 under the name, Allied Operating LLC, from the Texas Railroad Commission to operate oil and gas wells in the State of Texas.

GILMER LEASE 2021 IN REVIEW

The Annie Gilmer lease is a 300-acre site in the small community of Crystal Falls, Texas on the banks of the Clear Fork of the Brazos River, approximately thirty miles north of the town of Breckenridge, Texas. An executive summary of the Gilmer Lease was commissioned by the Company and completed by Petroleum Engineer Mark D. McBryde: https://www.otcmarkets.com/otcapi/company/financial-report/293640/content

During Q3 and Q4 of 2021 at the Annie Gilmer Lease, Allied reworked Well #1 and Well #5 and subsequently connected the wells to a gas powered generator for electrical power to run the pumps. The Company chose to work with gas generators initially because Tri-County estimated that it would take up to 5 months to bring upgraded electrical power (3-phase) to the site. Based on the production data received during several months of pumping during September through November Allied assessed that the gas driven motors did not provide sufficient power to effectively pump the Wells down, it was also not cost-effective based on our models.

GILMER LEASE 2022 OUTLOOK: Initial production data indicates that the pumping set up was insufficient to move the amount of fluids required using the gas bleed from the Wells. The current pump set-up yielded between 160 and 300 barrels of total fluids per day; however, the company discerned to achieve maximum potential at the Mississippi formation a pump setup that attains 1000 barrels of fluid per day, per well is required. The wells were showing between 2% to 5% oil cut even with these low pumping volumes.

Allied is currently in discussions with Tri-County to schedule installation for a 3- phase/200 amp service to the Gilmer Lease in Q1. As soon as electrical power is installed Allied will set an electrical submersible pump (ESP) in one of the wells to handle 1500 barrels of fluid per day. Allied will pump the well down and assess the data over a period of 60 days. Based on the results, we will repeat the process on each well until the lease is fully operational.

GREEN LEASE 2021 IN REVIEW

An executive summary of the Green Lease, located in Balor County, consisting of 980 acres was commissioned by the Company and completed by Petroleum Engineer Mark D. McBryde: https://www.otcmarkets.com/otcapi/company/financial-report/279883/content

Allied successfully reworked Green Lease Well M-1 and Well X-3 and both wells came online in September, 2021. After several weeks of pumping fluids it was assessed that high-capacity ESP pumps are required at both of the wells to achieve maximal oil production. In late November the Company began the process of installing one high-capacity pump and upgrading the electric supply to handle the ESP on Well M-1. The Well M-1 was brought back online in late December and the Company is currently assessing the draw down rate of fluids with the high-capacity pump.

GREEN LEASE 2022 OUTLOOK: In the coming weeks once the assessment of Well M-1 is complete, Allied will install the second ESP on Well X-3. Based on the success of  Wells M-1 and X-3, Allied plans to evaluate three other Wells of  interest at the Green Lease site. After achieving favorable production numbers over a 5-6 month period, Allied will plan a 3D seismic survey of the site to identify additional drilling targets.

PROMETHEUS LEASE 2021 IN REVIEW

The Company completed the acquisition of the 325 acre Prometheus Lease located in Garza County, Texas. This well was originally tested and submitted to the Texas railroad commission by Apache Corporation in 2014.

Allied successfully completed all scheduled rework of Well 1H and this well is currently online and performing as designed. Currently, Allied continues to draw the fluid down at a rate of 2000 to 2400 barrels per day. At the end of Q4, 2021, Allied has sold a total of 3 loads (approximately 160-170 barrels per load) of oil from the Prometheus Lease.

PROMETHEUS LEASE 2022 OUTLOOK: Prometheus Well 1H continues to pump as Allied refines the processes to maximize the potential of Well 1H. In order to improve the oil production from Well 1H, Allied is currently in the process of installing a transfer pump and will flare all the gas to reduce the pressure in the well. Accomplishing this will result in an increase in oil production for the well. Since the start of Q1, there have been continued oil sales from Well 1H as we look forward to seeing continued growth in numbers from this site.

CEO George Montieth summarized 2021 as a year of laying foundations: “Yes, 2021 was a foundational year for Allied in which the Company successfully achieved initial production at three of our lease sites. I am genuinely proud of my team in the field for their hard work and dedication. In less than a year our team has done almost everything we set out to do. Sure, there have been hiccups and challenges along the way, but there are with every company. We enjoy meeting these challenges head on every day, it’s what we love about building Allied Energy. From a practical side we also understand that whether it’s getting power to the Gilmer Wells sooner or the weather delays we were met with throughout the spring season, some things are out of your control timing wise. We now go into 2022 as a producing oil company that is selling oil to our contracted agent. Our initial production numbers have barely scratched the surface of the real potential of Allied’s six existing well projects. Now that we have this foundation of six active wells, I intend to build upon that throughout 2022 by maximizing production at each well, adding new wells and leases along with other strategic ventures to benefit the company and its shareholders. Allied is a producing all-American oil company that is in the right place at the right time in history. I could not be more excited about the prospects for the upcoming year and again remain proud that we accomplished the majority of our 2021 goals as outlined to our shareholders, most notably becoming a producing oil company!”

Allied Energy Corporation Outlines Current Activities at the Prometheus Lease

Carrollton, Texas, Nov. 16, 2021 (GLOBE NEWSWIRE) — Allied Energy Corp (OTC Pink: AGYP), an energy company focused on leasing and reworking oil and gas reserves in the most prolific hydrocarbon areas of the United States, is pleased to provide progress updates regarding the Company’s newly acquired 325-acre Prometheus Lease location.

Beginning last week at the Prometheus site, Allied began executing the plan to bring the Prometheus Well 1H back online. When Prometheus Well 1H was originally tested and submitted to the Texas railroad commission by Apache Corporation in 2014 their report showed 335 barrels of production per day along with 298,000 cubic feet of natural gas per day with 2557 barrels of flow back and formation water. (For more details about the Prometheus lease please see https://finance.yahoo.com/news/allied-energy-acquires-prometheus-lease-130000471.html)

Allied’s Oil Operations Manager, Curtis Boyles, designed a three-phase plan to bring the Prometheus H1 back online. Phase one, pipe racks and forklift arrived on location and unloaded 7000 feet of tubing that ran into the Well. The Company secured a third-party contractor to rig up and set a blow-out preventor on the wellhead. Another contractor, Borets International, have delivered a heavy downhole pump, downhole sand separator, steel insulated cable, variable frequency drive, transformer, cable and spooler. Borets International have attached the 5-stage pump, motor and started in the hole with all necessary assembly. Cable have been strapped to the tubing as the pump and tubing were lowered to the target depth of 6500 feet.

Phase two at the Prometheus, the crews will finish running the pump into Well 1H while setting the variable frequency drive, transformer and connecting everything to the electrical service. Personnel will program the motor and pump and run critical system tests through a slow ramp up of pump horsepower when ready.

Phase three at the Prometheus, the electricians will change electrical services to 200 AMP to run the high-capacity pump and when completed, start to ramp up the horsepower of the pump until all desired parameters are met and full production settings are established.

Allied has completed all of the work that we have outlined above and awaiting on the electric utility to change out the transformers to the Well and the SWD Well, in order to handle the additional load as the existing transformers are undersized for what we need.

CEO George Montieth, commented on the Prometheus lease: “Allied’s Prometheus lease acquisition is the Company’s most significant holding to date and I believe the coming weeks will demonstrate this reality. This week the majority of the Company’s resources are squarely aimed at bringing Prometheus Well 1H back to production.”

The Company invites any and all interested parties to check back regularly at https://alliedengycorp.com/ and the corporate Twitter account https://twitter.com/AlliedEnergyCo1.

Existing Oil & Gas Leases

In South and East Texas the Company has oil & gas leases in its inventory and where it is the operator of record with the RailRoad Commission, the governing body for oil and gas production in the state of Texas. There are additional leases available to be acquired, each of which contain wells that have produced oil commercially and in which commercial production can be re-established.

Byers Heirs #2 Deu Pree Field, Wood County

A well originally completed in the Woodbine formation from perforations of 5736’ – 80’ making 74 bbls per day of 16 deg gravity “heavy” oil and accumulating 78,000 bbls of oil.  When abandoned in 1997 the well was capable of making 60 bbls of oil per day but at the time there was no market for heavy oil and the price per bbl was discounted considerably due to the low gravity.  Today there is a large demand for this type of crude oil and it can receive a significant bonus over the posted price of West Texas Intermediate.  The produced oil will be blended with condensate to raise the gravity of the product and lower the gravity of the condensate.  This will alleviate any pricing discounts applied due to lower gravity of the oil and the higher gravity of the condensate.

The well has been successfully re-entered and is waiting on final completion, which will entail the drilling of 4 or 5 short lateral legs (horizontal) information to enhance the daily production rates.

There is another productive zone above the Woodbine that has produced in the field, the Sub-Clarksville, that can be completed for commercial production. At some point we will consider completing this zone and commingling the production with the Woodbine oil.

Byers #1, Deu Pree Field, Wood County

A well that is an offset to the #2 well and was completed in the Woodbine formation. It had an initial rate of 122 bbls of oil per day and accumulated 120,000 barrels of oil. It was abandoned in 1997 when a leak in the casing occurred and attempts to patch the leak failed. Today technology has improved dramatically and repairing a casing leak such as this one is much more successful. A re-entry of this well will be proposed to re-establish commercial production in the Woodbine and/or from a completion in the Sub-Clarksville. If the repairing of the casing leak is not successful a liner can be cemented inside the existing casing to repair the leak.

Cameron #1, Deu Pree Field, Wood County

A well that was drilled south of the two Byers wells. The well was completed in the SubClarksville formation as it was not drilled to a depth sufficient to evaluate the Woodbine formation.  The initial rate was 91 bbls of oil per day and accumulated 30,000 bbls of oil.  It was abandoned when the price of oil fell below $10 per bbl.

Consideration should be given to deepening this well to the Woodbine for evaluation and possible completion.

Continental State Bank #14, East Texas Field, Gregg County

Located in the East Texas Field this is a shut-in, fully equipped well capable of commercial production of oil from the Woodbine formation. Wells surrounding this well are currently producing commercial oil.  The pump jack should be replaced with a submersible pump to allow for a greater daily fluid rate.  In this field the amount of oil produced daily depends mainly on how much fluid is produced.  Costs for the disposal of produced water is minimal as a connection to the East Texas Saltwater Disposal System is on the lease.

The Austin Chalk formation sits on top of the Woodbine and the well is located in an advantageous position geologically to afford the opportunity to produce commercial oil from that zone, which can be commingled with the Woodbine.

Thrash “A” #1 & #2, East Texas Field, Rusk County

2 wells equipped for production with the exception of a pump jack missing from the #2 well. A submersible pump should be placed in the well to increase the daily fluid rate.  If successful in increasing the oil produced the pump jack on the #1 well should be replaced with a submersible pump.

The Austin Chalk is present in the wells but the quality of the rock is such that a completion in that zone is not recommended at this time.

Julia M. Finney Lease, East Texas Field, Rusk County

There are 8 shut-in wells on this lease completed in the Woodbine formation, of which 6 wells are fully equipped for production. The wells should be reworked and placed back into production.  There are wells on all sides of the lease that are currently producing.  Also, the lease is in a position whereby the Austin Chalk should be commercially productive.  We are planning to eventually re-complete 3 or 4 of the wells in the Austin Chalk and 2 to 3 wells will be reconditioned to produce from the Woodbine using submersible pumps.

The Austin Chalk is present in the wells but the quality of the rock is such that a completion in that zone is not recommended at this time.

Dora Hastings #1-R & #2, Glen Hummel, SW Field, Wilson County

2 wells located in south Texas that are completed in the Poth B Sand and equipped for production. In this area the Poth A, B, C and D sands are productive in various wells.  The Poth A sand produces from a waterflood operation on adjacent leases to the east.  The Poth C sand produces immediately to the north.  The A, B and C sands are present in the offset wells to the east and in 2 wells that were completed in the Austin Chalk immediately to the west, and each are expected to be productive in our 2 wells. If warranted additional development may occur on the lease with new drilling or a re-entry on one of the Austin Chalk wells.

F. M. Ezzell #2, Palmer (Poth B) Field, Wilson County

A well fully equipped for production with the exception of not having stock tanks and oil/water separation. There are other Poth sands that are productive in wells in the immediate area of this well and are expected to be present in this well.  A cased hole log should be run in the well to evaluate other productive zones for re-completion.  Also, the well should be reworked to re-establish commercial production from the B sand.

Moody & West Lease, Loma Novia & Government Wells S. Fields, Duval County

This is a prospect to drill a well to 2,800’ and complete in 1 of the 5 productive sands that are present in the Loma Novia and the Government Wells formations. The lease has produced previously but each productive well was not produced from each productive sand. The wells were abandoned due to the condition of the well equipment but were still productive.  Also, there are 7 to 10 drilling sites for future development.

Future Development Projects

The Company also has a considerable number of additional projects that can and will be acquired that offer similar opportunities for commercial production at minimal costs. These projects are primarily located in South and East Texas but the Company will not limit itself to just these two areas. The Company will continue to originate potential projects internally, but management also has a very large network of contacts in the oil industry and will reach out to these contacts for reference to other projects. For the foreseeable future the Company expects to concentrate on projects within the State of Texas.

NEWS

Management

The Company’s management team has a long-standing reputation of success in the industry and intends to foster rapid corporate growth through its ability to identify, acquire interests in, and rework oil and gas fields that offer exceptionally attractive risk/reward parameters. The information contained herein is based on forward looking statements and is not intended to be a source of advice or credit analysis with respect

George Monteith, CEO

Mr. Monteith has over 30 years’ experience in executive authority and management responsibilities with resource-based companies. Having provided geological services to the resource industry for the past 37 years. He has worked on mining and oil and gas projects around the globe, including Canada, United States, Africa, South America and Asia. Mr. Monteith attended Haileybury School of Mines from 1972 to 1973, Brock University in 1976, York University including courses in Economics and Management from 1975 to 1977 and the University of Toronto including courses in Economic Geology at Master Level from 1977 to 1978. He served as a staff Geologist for the Geological Survey of Canada from 1976 to 1977. From 1978 to 1981 he served as President and Director of Coronation Gold, Inc., on OTC Toronto based company involved in gold exploration in the High Artic as well as oil and gas exploration in Texas and Oklahoma. Mr. Monteith served as a director of Lava Cap Resources Limited, a TSE listed issued from 1979 to 1983. Mr. Monteith served as President and Chief Executive Officer of American DME Inc. in Rockwell, Texas from 1995 to 2005. He currently serves as a member of the Board of Directors and Chief Executive Officer of Canagco Mining Corp., a Toronto based Silver Exploration and Development Company working in the Cobalt Mining Camp of North Eastern Ontario. As announced May 8, 2014, Canagco Mining Corp. is in process of completing a share exchange arrangement with TSX listed Kerr Mines.

Sincerely,

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