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DisclaimerFORWARD LOOKING INFORMATION:

This presentation contains certain forward-looking statements relating, but not limited, to DEEP Earth Energy Production Corp.’s expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intent”, “estimate”, “may” and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information may include reserve and resource estimates, estimates of future production, costs of capital projects and timing of commencement of operations, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reserves, the recovery of resources varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.

Shareholders and prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Shareholders are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. DEEP Earth Energy Production Corp. undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

This caution is provided in accordance with the requirements of Parts 4A and 4B of National Instrument 51-102 Continuous Disclosure Obligations, respecting disclosure of forward looking information.

STATUORY RIGHTS OF INVESTORS:

Securities legislation in certain of the provinces and territories of Canada provides purchasers with the right to withdraw from an agreement to purchase securities. The right may be exercised within two business days after receipt or deemed receipt of a prospectus, offering memorandum or any amendment thereto. In several of the provinces, securities legislation further provides a purchaser with remedies for rescission or, in some jurisdictions, revisions of the price or damages if the offering document, or any amendment thereto, contains a misrepresentation or is not delivered to the purchaser, provided that such remedies for rescission, revision of the price or damages are exercised by the purchaser within the time limit prescribed by the securities legislation of the purchaser's province or territory. The purchaser should refer to any applicable provisions of the securities legislation of the purchaser's province or territory for the particulars of these rights or consult with a legal advisor.

DEEP Earth Energy Production Corp.

While traditional non-renewable energy resources are finite, and traditional renewable resources have inconsistent power outputs,

Geothermal resources produce in perpetuity with constant base load power

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Highlights

Low risk geology: - vast sedimentary reservoir over 100s of square miles- Initial temperature and porosity/permeability data already available from existing well data

Small repeatable 4-5 MW projects in and area with the potential for 100s of MW of baseload electrical production

Extremely environmentally friendly – no carbon emmissions, silent, small surface footprint, inexhaustibe heat resource

“Off the shelf” turbine and drilling technology – mature and reliable

Profitable under SaskPower’s current Green Options Partners Program pricing – project selected in SaskPower’s 2011 lottery

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DEEP Earth Energy Production Corp.

Financings:

1. Current - Up to $1.5 million @ $0.20/share Proceeds used for further exploration on our

project (drill hole optimization, land acquisitions, and Project Manager hire, and general corporate expenses)

2. October – Up to $10M A Second financing to be completed this fall in

conjunction with a public listing Proceeds for completing 2 wells to a depth of

~3000 metres in the Williston Basin , additional land acquisitions and general corporate expenses

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Mission, Vision and Strategy:Mission:

Developing geothermal resources to meet increasing energy needs with secure, clean and renewable energy

Vision:To be the first Saskatchewan geothermal power producer by understanding that geothermal energy is:1. Sustainable- a perpetual natural energy source2. GREEN - zero carbon-based fuel consumption3. Profitable - Can be the lowest cost of alternative power

generation

Strategy:Develop a portfolio of projects to reduce drilling risk and high front-end capital risk

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Geothermal Worldwide

Global installed geothermal power is 10,700 MW, in 24 countries, supplying 60 million people with renewable energy

Overall potential global geothermal power capacity is 190,000 MW

7Source: Islandbanki United States Geothermal Energy Market Report

Mature technology

Geothermal Power

• Heat is recovered from water recycling through the system and converted to electricity

• Continuous heat supply means that with proper engineering geothermal systems can run indefinitely

• The ultimate renewable resource! 8

• Geothermal power plants provide constant, baseload power as compared to wind or solar alternatives

• Silent• Small project footprint - almost invisible on the

prairie landscape• Low CO2 emissions

Geothermal advantages

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10Sources: (1) Net Capacity Factor (%) averages for selected renewables, Glitnir Research

Power Availability (%)

Geothermal runs almost all the time!!Baseload power generation

0% 20% 40% 60% 80% 100%

Biomass - AD

Biomass - Combustion

Biomass - Gasification

Geothermal - Dual Flash

Geothermal - Binary Steam

Hydro - Small Scale

Solar - Concentrating PV

Solar - Parabolic Trough

Solar - PV

Wind - Onshore

Wind - Offshore

Ocean - Wave

Base-Load

Geothermal v s. Other Renewables

Source: Islandbanki United States Geothermal Energy Market Report

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Source: (1) NREL, AWEA and Glitnir Research. For biomass, the land use is tremendous and particular critical as it can be of influence to the food sector. It also has to be mentioned, that Solar PV could use space on roofs and walls and therefore not be a huge limitation. (2) Navigant Consulting, Presentation, at: http://www1.eere.energy.gov/femp/pdfs/rewg_navigant.pdf

• Small surface foot print – housed in typical farm sized sheds

• Virtually silentLand UseIn acres/ 1 billion kWh

0 1,000 2,000 3,000 4,000 5,000

Wind

Geothermal

Coal

Solarconcentrating

Solar PV


http://www1.eere.energy.gov/femp/pdfs/rewg_navigant.pdf

Land Acquisition1. DEEP has received a Lease of Space agreement

from the Saskatchewan Ministry of Energy and Resources on an initial project area on approximately 9 sections of land near Estevan, Saskatchewan. The project area is located in Southeast Saskatchewan, west of Estevan, and totals 2,395.74 hectares (5,920 acres).

2. Pursuing partnerships with existing Petroleum and Natural Gas lease holders which can provide access to substantial reserves, possibly improving drill rig availability, and possible cost savings

3. Freehold rights agreements/consents are being pursued which may also include agreements on possible oil and gas discoveries 12

Land Acquisition

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Positive Resource Report

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• Borealis Geopower Inc. prepared an independent technical report to ascertain the geologic and economic possibility of developing the geothermal resource for heat and electricity production in DEEP’s project area

• The document was prepared in accordance with the Canadian Geothermal Code for Public Reporting, produced by the Canadian Geothermal Energy Association

Conclusion: “… the analysis suggests that small geothermal (<5MW) power plants are economically viable.”

This project can be repeated over many fields

Positive Resource Report

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Net power production of ~1.25 MW/well 5 MW field design Scalable and repeatable over many fields

Capital Costs for 5 MW Field: • Exploration/Well Re-Entry Program: $1.0 million • Production Drilling Cost: $8.4 million• Binary Turbine Power Facility: 5.0MW @ 1.8million/MW = $9.0 million• Piping & Fluid transport 5.0 MW @ $0.3 million/MW = $1.5 million

Generic Costs:• Project Management: ~10% of above total = $2.0 Million• Power House/Building = ~$400,000

Total Capital Costs: $22.3 Million

Installed Capital Costs / MW = ~$4.5 Million

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Sources: (1) California Energy Commission (Draft Staff Report) June 2007; (2) Selected renewables; averages for Biomass, Solar & Fuel Cells; In-Service Year = 2007 (Nominal 2007$), California Energy Commission (Draft Staff Report) June 2007; Navigant Consulting “Levelized Cost of Generation Model...”, at: http://westcarb.org/2007_energypolicy/documents/2007-06-12_workshop/presentations/2007-06-12_NAVIGANT_CONSULTING.PDF

0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0

Biomass - AD





Hydro - Small Scale



Solar - PV

Wind - Class 5

Cost of Electricity Generation² cents/ kWh:

Our project costs are similar to other North American geothermal projects

Installed Cost for Electricity Generation¹

‘000 USD/ MW:

0 2,000 4,000 6,000 8,000 10,000

Biomass - AD





Hydro - Small Scale



Solar - PV

Wind - Utility

Median


Current Prices


http://westcarb.org/2007_energypolicy/documents/2007-06-12_workshop/presentations/2007-06-12_NAVIGANT_CONSULTING.PDF

Saskatchewan Energy Demands

• SaskPower is facing an unprecedented demand from customers – 6.7% increase in the next 10 years

• Environmental regulations will influence SaskPower’s choice of electrical generation options– Coal-fired generation may not continue as it has in

the past…• Current capacity is 3,600 MW ( incl. 469 MW

purchased)• SaskPower will have to rebuild, replace or

acquire 4,100 MW of electricity by 2030 – no medium to long term plan for the “gap”

• What will fill this gap???? 17

Power Costs and Purchase Rates

• SaskPower announced in July that DEEP’s application for a 5.0 MW geothermal project located in Southeast Saskatchewan was selected in SaskPower’s Green Options Partners Program annual lottery

• The program streamlines power purchasing for small and medium-sized “clean power” producers that sell between 100 kilowatts (kW) and 10 megawatts (MW) of electricity, by providing a fixed price for all power produced under the contract.

• The energy tariff for 2012 is $98.02/MWh and increases at rate of 2% per year over the term of the contract

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Investment Analysis

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* This model does not include any potential debt financing.* Assumes a turbine efficiency rate of 7%. Turbine manufacturers are now claiming rates as high as 17%

Best case:Model versions Comments 20-year

IRR Payback Years

CAPEX Subsidy $8 million 17.46% 7.51

"WITH" Pricing Subsidy (on power) $0.02 27.11% 5.71

Base case:Model versions Comments 20-year

IRR Payback Years



Worst case:Model versions Comments 20-year

IRR Payback Years



Summary:• Low risk geology – huge sedimentary aquifer• No major exploration costs – public data from

oil and gas drilling exploration• Low initial capital expenditure – Scalable and

Repeatable Projects• 100s of megawatts potentially available -

baseload• No carbon emissions• Silent and minimal environmental footprint• Inexhaustible resource – heat from the earth’s

core• Mature and reliable technology• Possible >20% IRR - in perpetuity

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Additional PotentialWhat ifs…

• Leveraged financing• More efficient turbines• Government funding – SRED, etc.• Resource is better than anticipated – hotter

and better flow rates• Oil and gas discovery• Lithium discovery• Industrial application or carbon sequestrian

program• Improved power purchase agreement

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Capital StructureCURRENT CAPITAL STRUCTURE:

Shares (13.2% insider owned) 9,625,000Options (10%) Issued: 675,000

Open: (287,500)

Founders Warrants (9%) 900,000Fully diluted 11,487,500

Net working capital (Q4) ~$600,000Debt nil

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Directors & Management• Kirsten Marcia, P.Geo.: President, CEO & Director

Former Vice President of Exploration for Wescan Goldfields Inc., 13 years of mining exploration experience

• Steve Halabura, P.Geo., F.E.C. (Hon.): Director & Non-Executive Board Chair

President and CEO, Concept Forge Inc., Partner HCF Mercantile Inc.

• Al Zack: CFO, DirectorPrincipal and COO of HCF Mercantile, former President and CEO PrimeWest

Mortgage

• Mark Andreas, EIT: COOGeological Engineer, North Rim Exploration Ltd.

• Rob Theoret, B.Comm., CIM: DirectorPrincipal and President/CEO of HCF Mercantile Inc., Director and CFO of Admiralty

Oils Ltd.

• Jeffrey Green: DirectorManaging Partner, Jovian Asset Management Inc.

• Jamie McIntyre: Government and Environmental Technical Advisor20 years in the mining and nuclear energy business and former Cameco VP

• Tim Galbreath: Land Advisor26 years in Petroleum Land Management, currently Land Man to Equal Energy, and

Director of Rallyemont Energy Inc., Allstar Energy Ltd., and Admiralty Oils Ltd

• Legal Counsel:William A. Nickel - McDougal Gauley LLP

Dan Anderson - MLT

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Thank you!

1103 Tower at Midtown201 - 1st Avenue South

Saskatoon, SK S7K 1J5www.deepcorp.ca