Update on DEEP Saskatchewan Project

Epoch Energy is a partner with DEEP on the geothermal power project located in southeast Saskatchewan. A 3,600m observation well was drilled and completed in Q4 of 2018 and provided better than expected results. The drilling and subsequent testing is part of confirming reservoir characteristics to refine engineering and design of the 5 megawatt power facility that will mark Canada's first electricity generation from geothermal resources.

Drilling of a full size production well is expected to commence in Q2 of 2019.