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Legal

LEGAL NOTICE

Cona Resources Ltd. (“Cona Resources”) maintains a web site currently located at [www.conaresources.com] (the “Site”) which provides information, data and other materials (the “Content”).  The Site and Content may be changed or updated from time to time without notice, and is provided to you subject to your compliance with these terms and conditions of use (“Terms and Conditions”). By accessing or using the Site you agree to be bound by these Terms and Conditions. If you do not agree to be bound by these Terms and Conditions, please do not access or use the Site.

Disclaimer and Limitation of Liability

Although Cona Resources believes the Content on this Site to be accurate and complete at the time of posting of such Content and attempts to ensure that all information and material remain current and accurate, Cona Resources does not warrant the accuracy, completeness and/or currency of the Content at all times. No warranty of any kind, implied, express or statutory, including but not limited to warranties as to non-infringement of intellectual property rights or third party rights, title, latent defects, uninterrupted service, merchantability, fitness for a particular purpose and freedom from computer viruses, is given in conjunction with the information, materials and software algorithms.

In no event shall Cona Resources be liable for any damages, including without limitation, direct or indirect, special, incidental or consequential damage, loss of profits, opportunities or information arising in connection with the Site, even if Cona Resources is made aware of the possibility of such damage, losses, claims or expenses.

Content on this Site is for information purposes only and does not constitute a solicitation or an offering of securities in any jurisdiction. Information that may be previously disclosed under corporate securities legislation of Canada or other jurisdictions applicable to Cona Resources, e.g. Prospectuses, Interim and Annual Financial Statements, Annual Information Forms, Press Releases, Statements of Reserves Data and Other Oil and Gas Information, is not intended in any way to be amended, modified or supplemented by information available on this Site. Our publicly filed disclosure can be viewed at www.sedar.com.

Caution Regarding Forward-Looking Information

Some of the Content on this Site may, from time to time, contain certain “forward-looking information” within the meaning of applicable Canadian securities legislation. If undated, forward-looking information is deemed to be dated as of the date such information was added to the Site. Words such as “seeks”, “continues”, “objectives”, “strategies”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe”, “consider”, “opportunity”, “focused”, “goal”, “possible”, “probable”, “future”, “plans”, “budget”, “scheduled”, “forecasts”, “anticipate”, “intend”, “forecast”, “follow”, “assume”, “forward”, “aim” and similar expressions stating or implying that certain actions, events or results may be taken, occur or be achieved, may be used to identify such forward-looking information. In addition, statements relating to “reserves” and “resources” are deemed to be forward-looking information as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated and can be profitably produced in the future.

All such forward-looking information is based on certain assumptions and analyses made by management in light of management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Although the forward-looking information on this Site reflects management’s beliefs as of the date of such information about Cona Resources’ prospects, based on information available to management as of such date and on what management believed to be reasonable assumptions as of such date, there is no certainty that the actual results achieved will be consistent with such forward-looking information. Forward-looking information is not a guarantee of future performance and necessarily involves significant known and unknown risks, assumptions and uncertainties, some that are similar to other oil and gas companies and some that are unique to Cona Resources, which may cause Cona Resources’ actual results, performance, prospects and opportunities in future periods to differ materially from those expressed or implied by the forward-looking information provided on this Site. Any changes to the assumptions on which such forward-looking information is based could cause actual results, performance or achievements to differ materially from the anticipated results expressed or implied in the forward-looking information of Cona Resources from time to time set out on this Site. A large number of factors could affect the assumptions on which statements about forward-looking information on this Site are made or the underlying assumptions many of which are beyond Cona Resources’ control, including: general economic, market and business conditions; competition; fluctuations in oil and natural gas prices; and changes in laws or royalty regimes. Forward-looking information set out on this Site is expressly qualified by the foregoing cautionary statements. Except as required under applicable laws, Cona Resources assumes no obligation to update or revise forward-looking information to reflect new events or circumstances.

From time to time this Site may contain a summary of Cona Resources’ operational outlook for future years, which may be considered to be future oriented financial information or a financial outlook. Such an outlook contains forward-looking information and is inherently based on a number of material assumptions and factors. The actual results of Cona Resources’ operations for any period will likely vary from amounts which may be set forth on this Site, and such variations may be material.

Presentation of Oil and Gas Information

National Instrument 51-101 of the Canadian Securities Administrators imposes oil and gas disclosure standards for Canadian public companies engaged in oil and gas activities. From time to time this Site may include the following oil and gas information; users of the Site are cautioned as follows:

Cona Resources has adopted the standard of 6 thousand cubic feet (“Mcf”) to one barrel (“bbl”) when converting natural gas to oil equivalent. Barrel of oil equivalent (“Boe”) conversions may be misleading particularly if used in isolation. A boe conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio of natural gas and crude oil is based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

Modifications to the Terms and Conditions

Cona Resources reserves the right to change these Terms and Conditions at any time and your continued access to or use of the Site after such changes indicates your acceptance of these Terms and Conditions as modified. It is your responsibility to review these Terms and Conditions regularly.

Confidentiality and Viruses

The Internet is not a fully secure medium, and therefore confidentiality and privacy cannot be ensured. You agree that, while you may send email to Cona Resources by use of links in this Site, where and when the same are available, which availability Cona Resources does not warrant or represent, or otherwise, you understand the risks of using email. Cona Resources cannot ensure that an email from you will not be intercepted or altered in transit, or that Cona Resources will in fact receive it. If you wish to send information securely and confidentially to Cona Resources, or if you wish to be sure Cona Resources responds to you, you will not use email.

The downloading of Content is done at your own risk. Cona Resources cannot and does not guarantee or warrant that the Site or the Content are compatible with your computer systems or that the Site or the Content will be free of viruses, worms, trojan horses or disabling devices or other code that manifests contaminating or destructive properties. You are responsible for implementing safeguards to protect the security and integrity of your computer system and you are responsible for the entire cost of any service, repairs or connections of and to your computer system which may be necessary as a result of your use of the Site.

No Unlawful or Prohibited Use

You agree that you will not, without our prior written permission, use the Site and the Content for purposes other than your own personal non-commercial use and benefit. You may not frame the Site or the Content or any part thereof on any commercial or non-commercial internet web site. You acquire absolutely no rights or licences to the Site or the Content other than the limited right to use the Site and the Content in accordance with these Terms and Conditions. You agree that you will not use the Site for any purpose that is unlawful. Except as expressly provided in these Terms and Conditions, any reproduction, retransmission, distribution, sale, republication, modification, translation of or creation of derivative works based on the Site or the Content, in whole or in part, and any decompilation disassembly, reverse engineering or other exploitation of the Site, without prior written permission, is strictly prohibited.

Ownership

All Content, designs, graphics, pictures, illustrations, software, artwork, video, music, sound, names, words, titles, phrases, logos and marks displayed on the Site or in the Content are owned (or licensed or used with permission or used under fair use/fair dealing provisions) by Cona Resources and are protected by copyright, trade-mark and other intellectual property laws and treaty provision laws.

Third Party Sites

The Site may from time to time provide links to third party web sites. Such links are accepted by you “as is”, “where is” and “as available” and subject to the disclaimers and limitations set forth in these Terms and Conditions. Cona Resources does not endorse the information contained in those web sites or guarantee their quality, accuracy, reliability, completeness, currency, timeliness, non-infringement, merchantability or fitness for any purpose. The content in any linked web site is not under Cona Resources’ control and if you choose to access any such web site, you do so entirely at your own risk.

Governing Law

The Terms and Conditions contained in this Legal Notice are governed by the laws of the Province of Alberta and the applicable laws of Canada and these laws apply to the use of the Site or the Content by you, notwithstanding your domicile, residency or physical location. The Site and the Content are intended for use only in jurisdictions where it may lawfully be offered for use.

General Provisions

These Terms and Conditions contained in this Legal Notice, including any documents referenced herein, constitute the entire agreement between Cona Resources and you pertaining to the subject matter hereof and supersedes all prior or contemporaneous communications and proposals, whether electronic, oral or written, between you and Cona Resources with respect to the Site. A printed version of these Terms and Conditions and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to these Terms and Conditions to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form. Cona Resources’ failure to insist upon or enforce strict performance of any provision of these Terms and Conditions shall not be construed as a waiver of any provisions or right. If any of the provisions contained in these Terms and Conditions are determined to be void, invalid or otherwise unenforceable by a court of competent jurisdiction, such determination shall not affect the remaining provisions contained herein.

COPYRIGHT AND TRADE-MARK NOTICES

© 2017 Cona Resources Ltd. No part of the Site or the Content may be reproduced, modified, distributed, sold, published, broadcast, retransmitted or circulated in any form without the prior written consent of Cona Resources, except to the extent that such use is for your personal, non-commercial use (to request such consent, please contact the Chief Financial Officer at [This email address is being protected from spambots. You need JavaScript enabled to view it.] ). All copies must include this copyright notice.

Any rights not expressly granted herein are reserved.