Advisory

All dollars and currency references in this material are in Canadian dollars, unless otherwise indicated.

Forward Looking Information and Statements

The information in this presentation contains certain forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws relating to Entropy’s (the “Corporation”) plans and other aspects
of its anticipated future operations, management focus, strategies, financial, operating and production results and business opportunities. These statements relate to future events or our future intentions or performance. All statements other than statements of historical fact
may be forward-looking statements. The statements have been prepared by management to provide an outlook of the Corporation’s activities and results and may not be appropriate for other purposes. Forward-looking statements are often, but not always, identified by the
use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “guidance”, “demonstrate”, “expect”, “may”, “can”, “will”, “project”, “predict”, “potential”, “target”, “objectives”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions
and include statements relating to, among other things, Entropy’s position, strategy and development and deployment plans and the benefits to be derived therefrom; the Corporation’s expectations generally and with respect to Entropy’s project development and future plans;
the opportunities provided by the deployment of CCS technology; anticipated timing of deployment of the CCS technology; that projects developed by Entropy will be profitable; the anticipated benefits from the Glacier Gas Plant Phase 1 and Phase 2 project, including the
effect of the CCS and WHR technology on emissions; anticipated capital investment for the Glacier Gas Plant Phase 1 and Phase 2 project, including the expected sources of funding; anticipated timing of completion and onstream dates for the Glacier Gas Plant Phase 1 and
Phase 2 project; expected carbon capture and reduced emissions, cost of energy input and operating costs, reduction in fuel costs and process costs, and internal rates of return from the Glacier Gas Plant Phase 1 and Phase 2 project; and that a new proprietary novel carbon
capture solvent will provide a large cyclic capacity, high stability and lower operational issues. Entropy’s actual decisions, activities, results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and
accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that Entropy will derive from them.

With respect to the forward-looking statements contained in this presentation, Entropy has made a number of material assumptions regarding, but not limited to: conditions in general economic and financial markets; effects of regulation by governmental agencies; receipt of
partner, regulatory and community approvals; current and future carbon prices and royalty regimes; future exchange rates; future operating costs; availability of skilled labor; availability of equipment; timing and amount of net capital expenditures; the impact of increasing
competition; the price of and market for carbon credits and offsets; that Entropy will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; that Entropy’s conduct and
results of operations will be consistent with its expectations; that Entropy will have the ability to develop projects in the manner currently contemplated; current or, where applicable, assumed industry conditions, laws and regulations will continue in effect or as anticipated;
the impact of improving technologies; the performance of the new proprietary novel carbon capture solvent; that Entropy will continue to have a right of access to an existing sequestration facility for the Glacier Gas Plant project; and that the estimates of Entropy’s cost
structure and the assumptions related thereto are accurate in all material respects.

Management has included the summary of assumptions and risks related to forward-looking information in order to provide shareholders with a more complete perspective on Entropy’s future operations and such information may not be appropriate for other purposes.
Entropy’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits that Entropy will derive therefrom. Readers are cautioned that the foregoing lists of factors are not exhaustive. The Corporation and management believe that the statements have been prepared on a reasonable basis,
reflecting management’s best estimates and judgments. However, because this information is highly subjective and subject to numerous risks including the risks discussed above, it should not be relied on as necessarily indicative of future results. These forward-looking
statements are made as of the date of this presentation and Entropy disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable
securities laws.

These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Entropy’s control, including, but not limited to: conditions in general economic and financial markets; effects of regulation by governmental agencies; current and
future carbon prices and royalty regimes; future exchange rates; future operating costs and internal rates of return; availability of skilled labor; availability of equipment; timing and amount of net capital expenditures; the impact of increasing competition; the price of and
market for carbon credits and offsets; that Entropy will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; that Entropy’s conduct and results of operations will be
consistent with its expectations; that Entropy will have the ability to develop and deploy the projects in the manner currently contemplated; current or, where applicable, proposed assumed industry conditions, laws and regulations will continue in effect or as anticipated; the
estimates of Entropy’s cost structure and the assumptions related thereto are accurate in all material respects; Entropy’s ability to obtain patents for its technology; the performance of the new proprietary novel carbon capture solvent; and the anticipated amount of carbon
dioxide captured, stored and offset is consistent with expectations.

All dollars and currency references in this material are in Canadian dollars, unless otherwise indicated.

Forward Looking Information and Statements

The information in this presentation contains certain forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws relating to Entropy’s (the “Corporation”) plans and other aspects
of its anticipated future operations, management focus, strategies, financial, operating and production results and business opportunities. These statements relate to future events or our future intentions or performance. All statements other than statements of historical fact
may be forward-looking statements. The statements have been prepared by management to provide an outlook of the Corporation’s activities and results and may not be appropriate for other purposes. Forward-looking statements are often, but not always, identified by the
use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “guidance”, “demonstrate”, “expect”, “may”, “can”, “will”, “project”, “predict”, “potential”, “target”, “objectives”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions
and include statements relating to, among other things, Entropy’s position, strategy and development and deployment plans and the benefits to be derived therefrom; the Corporation’s expectations generally and with respect to Entropy’s project development and future plans;
the opportunities provided by the deployment of CCS technology; anticipated timing of deployment of the CCS technology; that projects developed by Entropy will be profitable; the anticipated benefits from the Glacier Gas Plant Phase 1 and Phase 2 project, including the
effect of the CCS and WHR technology on emissions; anticipated capital investment for the Glacier Gas Plant Phase 1 and Phase 2 project, including the expected sources of funding; anticipated timing of completion and onstream dates for the Glacier Gas Plant Phase 1 and
Phase 2 project; expected carbon capture and reduced emissions, cost of energy input and operating costs, reduction in fuel costs and process costs, and internal rates of return from the Glacier Gas Plant Phase 1 and Phase 2 project; and that a new proprietary novel carbon
capture solvent will provide a large cyclic capacity, high stability and lower operational issues. Entropy’s actual decisions, activities, results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and
accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that Entropy will derive from them.

With respect to the forward-looking statements contained in this presentation, Entropy has made a number of material assumptions regarding, but not limited to: conditions in general economic and financial markets; effects of regulation by governmental agencies; receipt of
partner, regulatory and community approvals; current and future carbon prices and royalty regimes; future exchange rates; future operating costs; availability of skilled labor; availability of equipment; timing and amount of net capital expenditures; the impact of increasing
competition; the price of and market for carbon credits and offsets; that Entropy will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; that Entropy’s conduct and
results of operations will be consistent with its expectations; that Entropy will have the ability to develop projects in the manner currently contemplated; current or, where applicable, assumed industry conditions, laws and regulations will continue in effect or as anticipated;
the impact of improving technologies; the performance of the new proprietary novel carbon capture solvent; that Entropy will continue to have a right of access to an existing sequestration facility for the Glacier Gas Plant project; and that the estimates of Entropy’s cost
structure and the assumptions related thereto are accurate in all material respects.

Management has included the summary of assumptions and risks related to forward-looking information in order to provide shareholders with a more complete perspective on Entropy’s future operations and such information may not be appropriate for other purposes.
Entropy’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits that Entropy will derive therefrom. Readers are cautioned that the foregoing lists of factors are not exhaustive. The Corporation and management believe that the statements have been prepared on a reasonable basis,
reflecting management’s best estimates and judgments. However, because this information is highly subjective and subject to numerous risks including the risks discussed above, it should not be relied on as necessarily indicative of future results. These forward-looking
statements are made as of the date of this presentation and Entropy disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable
securities laws.

These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Entropy’s control, including, but not limited to: conditions in general economic and financial markets; effects of regulation by governmental agencies; current and
future carbon prices and royalty regimes; future exchange rates; future operating costs and internal rates of return; availability of skilled labor; availability of equipment; timing and amount of net capital expenditures; the impact of increasing competition; the price of and
market for carbon credits and offsets; that Entropy will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; that Entropy’s conduct and results of operations will be
consistent with its expectations; that Entropy will have the ability to develop and deploy the projects in the manner currently contemplated; current or, where applicable, proposed assumed industry conditions, laws and regulations will continue in effect or as anticipated; the
estimates of Entropy’s cost structure and the assumptions related thereto are accurate in all material respects; Entropy’s ability to obtain patents for its technology; the performance of the new proprietary novel carbon capture solvent; and the anticipated amount of carbon
dioxide captured, stored and offset is consistent with expectations.