TSX Venture Exchange Bulletins

Convertible Debenture:                         

$2,768,500.00

Initial Conversion Price:                       

$0.075 per common share

Term of Maturity:                                  

5 Years

Interest Rate:                                        

8.75% per annum, due quarterly in each year following the closing date

Warrants:                                             

36,913,333 share purchase warrants to purchase 36,913,333 shares

Initial Exercise Price:                           

$0.1125

Term to Expiry:                                    

5 Years

Number of Placees:                             

9 Placees

Insider / Pro Group Participation:

Insider=Y /

Name                                                     

Pro-Group=P                                 

# of Shares

Trevor Burns                                          

Y                                                                      

0

Finder's Fee:

Mackie Research Capital Corp.            

$2,325.00 cash 

Number of Shares:                   

30,000,000 shares

Purchase Price:                        

$0.05 per share

Warrants:                                  

30,000,000 share purchase warrants to purchase 30,000,000 shares

Warrant Exercise Price:             

$0.10 for a one year period

Number of Placees:                   

48 Placees

Insider / Pro Group Participation:

Insider=Y /

Name                                            

ProGroup=P                                  

# of Shares

Ranjeet Sundher                           

Y                                                        

2,000,000

Paul McKenzie                              

Y                                                           

100,000

Aggregate Pro Group

Involvement [5 Placees]                

P                                                        

2,300,000

Finder's Fee:                                 

$4,000 payable to Mackie Research Capital Corp.

$4,000 payable to Richardson GMP Limited

$4,000 payable to Canaccord Genuity Corp.

$15,540 payable to Haywood Securities Inc.

$16,040 payable to M Partners

Number of Shares:                   

4,340,000 shares

Purchase Price:                        

$0.05 per share

Warrants:                                  

4,340,000 share purchase warrants to purchase 4,340,000 shares

Warrant Exercise Price:             

$0.07 for a two year period

Number of Placees:                  

13 Placees

Number of Shares:                     

18,515,000 common shares

Purchase Price:                          

$0.435 per common share

Warrants:                                    

18,515,000 warrants to purchase a maximum of 18,515,000 common shares

Warrant Exercise Price:              

$0.49 per share for a period of 36 months following the closing of the Private Placement.

Accelerated Expiry Provision:     

If the volume weighted average trading price of the shares is $0.65 or more for a period of 20 consecutive trading days, then the expiry date may be accelerated to a minimum of 30 days

Number of Placees:                    

2 Placees

Broker's Fees:                             

Cormark Securities Inc. received $483,241 in cash and 1,110,900 common share purchase warrants at $0.435 for 36 months

Nombre d'actions :                                        

18 515 000 actions ordinaires

Prix :                                                              

0,435 $ par action ordinaire

Bons de souscription :                                  

18 515 000 bons de souscription permettant de souscrire à 18 515 000 actions ordinaires

Prix d'exercice des bons :                             

0,49 $ par action pour une période de 36 mois suivant la clôture du placement privé

Disposition d'accélération de l'échéance :    

Si le cours moyen pondéré en fonction du volume des actions est de 0,65 $ ou plus pendant une période de 20 jours consécutifs, la date d'expiration peut être accélérée jusqu'à un minimum de 30 jours.

Nombre de souscripteurs :                             

2 souscripteurs

Honoraires d'intermédiation :                         

Valeurs mobilières Cormark Inc. a reçu 483 241 $ en espèces ainsi que 1 110 900 bons de souscription en actions ordinaires à 0,435 $ pour 36 mois.

Convertible Debentures:                 

US$2,340,000

Conversion Price:                           

Principal is convertible into a maximum of 5,871,528 common shares at a minimum conversion price of $0.50

Maturity Date:                                 

12 months following the closing of the Private Placement

Warrants:                                        

1,643,764 warrants to purchase 1,643,764 common shares.

Warrant Exercise Price:                   

$0.70 per share for 12 months

Interest Rate:                                   

9.5%

Number of Placees:                        

2 Placees

Finders' Fees:                                 

A finder received $17,424 in cash and 376,162 shares

Débentures convertibles :               

2 340 000 $US

Prix de conversion :                         

Le capital est convertible en maximum 5 871 528 actions ordinaires au prix de conversion minimum de 0,50 $.

Date d'échéance :                            

12 mois après la clôture du placement privé

Bons de souscription :                     

1 643 764 bons de souscription permettant de souscrire à 1 643 764 actions ordinaires.

Prix d'exercice des bons :                

0,70 $ l'action pour 12 mois

Taux d'intérêt :                                  

9.5%

Nombre de souscripteurs :                

2 souscripteurs

Honoraires d'intermédiation :            

 Un intermédiaire a reçu 17 424 $ en espèces et 376 262 shares

Number of Shares:                   

6,845,000 common shares

Purchase Price:                        

$0.25 per common share

Warrants:                                   

3,422,500 warrants to purchase 3,422,500 common shares.

Warrants Exercise Price:           

$0.375 per common share for 24 months following the closing of the Private Placement

Number of Placees:                   

78 Placees

Insider / Pro Group Participation:          

Insider = Y /                                                       

Number

Name                                         

Pro Group = P                                               

of Shares

Precipice Holdings Limited

(Christopher Dobbin)                 

 Y                                                                         

500,000

N.W.Fulcher Limited

(Wayne Fulcher)                        

Y                                                                      

1,550,000

DMH Financial Advisory Inc.

(Dana Hatfield)                           

Y                                                                       

100,000

Wombat Investments Inc.

(Megan Spidle)                            

 Y                                                                       

100,000

Aggregate Pro-Group

Involvement (7 Placee)               

P                                                                      

460,000

Agents' Fees:                              

Agents collectively received $101,200 in cash and 324,800 common share purchase warrants at $0.25 for 24 months

Number of Shares:                   

75,000 of Series A preferred shares ("Subsidiary Preferred Shares") in the Company's wholly owned subsidiary, PetroShale (U.S.) Inc.

39,308,176 redeemable voting preferred shares (the "Special Voting Shares")

Purchase Price:                        

Total purchase price for all Subsidiary Preferred Shares and Special Voting Shares is USD$75,000,000

Conversion Price:                     

Subsidiary Preferred Shares are convertible into into common voting shares in the capital of the Company ("Common Shares") at a conversion price of $2.40 per Common Share.

Warrants:                                  

None

Number of Placee:                    

1 Placee

Insider / Pro Group Participation:

Insider=Y /

Name                                          

ProGroup=P                                                 

# of Shares

FR XIII Petroshale

Holdings L.P.                              

Y                              

75,000 Subsidiary Preferred Shares

(Brooks Shughart)                       

39,308,176 Special Voting Shares

Agent's Fee:                               

US$2,625,000 cash paid to Maison Placements Canada Inc.

Capitalization:                                     

unlimited

shares with no par value of which

12,701,001

shares are issued and outstanding

Escrow:                                             

4,050,001

escrow shares

Transfer Agent:                                      

Computershare Investor Services Inc.

Trading Symbol:                                     

ROCK (NO CHANGE)

CUSIP Number:                                      

77406R 10 8 (new)

Number of FT Shares:              

800,000 flow through shares

Purchase Price:                        

$0.08 per flow through share

Number of Placees:                  

2 Placees

Number of Creditors:                

2 Creditors

Commence Date:                                   

At the opening March 26, 2018, the Common shares will commence trading on TSX Venture Exchange.

Corporate Jurisdiction:                           

British Columbia

Capitalization:                                         

Unlimited.common shares with no par value of which

6,200,000.common shares are issued and outstanding

Escrowed Shares:                                  

2,200,000.common shares

Transfer Agent:                                      

TSX Trust Company

Trading Symbol:                                    

OWL.P

CUSIP Number:                                     

902062108

Sponsoring Member:                             

Leede Jones Gable Inc.

Agent's Options:                                    

400,000 non-transferable stock options.  One option to purchase one share at $0.10 per share up to 24 months from date of closing.

For further information, please refer to the Company's Prospectus dated December February 8, 2018.

Company Contact:                                

David Patterson      

Company Address:                               

Suite 1100, 1111 Melville Street, Vancouver, British Columbia, V6E 3V6

Company Phone Number:                     

604 629-2991

Company Fax Number:                          

N/A

Company Email Address:                     

dpatterson@bed-rock.com    

Number of Shares:                              

7,300,000 shares

Purchase Price:                                   

$0.05 per share

Number of Placees:                             

17 Placees

Insider / Pro Group Participation:

Insider=Y /

Name                                                   

ProGroup=P                                                                                     

# of Shares

Aggregate Pro Group

Involvement [2 placees]                       

P                                                                                                             

750,000

Finder's Fee:                                       

$6,000 payable to Mackie Research Capital Corporation

$4,000 payable to Canaccord genuity Corp.

$4,000 payable to PI Financial Corp.

$15,200 payable to Luke Montaine

Number of Shares:                         

11,300,000 shares

Purchase Price:                              

$0.01875 per share

Warrants:                                       

11,300,000 share purchase warrants to purchase 11,300,000 shares

Warrant Initial Exercise Price:         

$0.025

Warrant Term to Expiry:                  

2 Years

Number of Placees:                         

4 Placees

Insider / Pro Group Participation:

Insider=Y /

Name                                                 

Pro-Group=P                                 

# of Shares

Cardey Management Corp. 

(Darryl Cardey)                                 

Y                                                         

2,800,000

Corporate Jurisdiction:                          

Cayman Islands

Capitalization:                                        

1,450,000,000.common shares with US$0.01 par value of which

508,136,098.common shares are issued and outstanding

Escrowed Shares:                                   

NIL.common shares

Transfer Agent:                                      

TSX Trust

Trading Symbol:                                     

TPL.H

CUSIP Number:                                      

G87636 10 9

Company Contact:                                  

William Wells, Chairman

Company Address:                                 

190 Elgin Avenue

Company Phone Number:                       

+44 207 821 6128

Company Email Address:                       

tethys@tethyspetroleum.com