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2016 Highlights

Exercise of 15 million warrants by investors (out of 20 million warrants sold by Diversion

Technologies) has generated £3.75M in new funds for Highlands (total potential of £5M if

fully exercised)

3

Acquired 102,589 acres in Montana prospective

for natural gas and helium, additional leasing

underway; first well spud 18th September

Completed farm-in agreements with Renegade

enabling six extended lateral wells in Denver-

Julesburg Basin

Continuing to advance DT Ultravert re-fracking and well protection technology

DT Ultravert testing commenced 18 September 2016

Ongoing conversations for additional potential re-frac and well protection applications

Schlumberger and Highlands discussing extension of original agreement with enhanced

optionality for Highlands if Schlumberger crews unavailable for a given DT Ultravert job

Capitalising on the current commodity price environment to acquire transformative

technology and significant assets