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ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT 2 COM CONSULTING INC BOX 576 AB T1S 1A7 $ 5,323 1034269 LTD O/A F5 SERVICES P.O. BOX 169 AB T0B 1V0 525 1069416 ALBERTA LTD 210, 14 BURNT VALLEY AVE. RED DEER AB T4P 0M5 2,811 603918 LTD. O/A ZEE MEDICAL P.O. BOX 4087 SK S7K 4E3 248 611206 SASKATCHEWAN LTD BOX 100 ONION LAKE SK S0M 2E0 2,200 A & BEA'S COFFEE SERVICE BOX 385 ST. WALBURG SK S0M 2T0 885 ABACUS DATAGRAPHICS LTD. 4728 78A STREET CLOSE RED DEER AB T3P 2J2 5,532 ABSA 9410 - 20TH AVENUE NW AB T6N 0A4 3,811 ACCELERATED HOTSHOTS & PICKER SERVICE BOX 548 SK S0M 1H0 1,199 ADAMSON, TIMOTHY D. R.R. 1 CZAR AB T0B 0Z0 2,300 AGAT LABORATORIES LTD. 2905 - 12TH STREET NE AB T2E 7J2 3,341 AIRBORNE ENERGY SOLUTIONS INC. HANGER # 1, AIRPORT WHITECOURT AB T7S 1P1 2,814 ALBERTA DEPARTMENT OF ENERGY 9945 - 108TH STREET EDMONTON AB T5K 2G6 4,600 ALBERTA ENERGY REGULATOR 1000, 250 - 5 STREET SW CALGARY AB T2P 0R4 33,871 ALBERTA MUNICIPAL AFFAIRS ) P.O. BOX 820 HANNA AB T0J 1P0 1,120 ALBERTA ONE-CALL CORPORATION 104, 4242 - 7 STREET SE CALGARY AB T2G 2Y8 139 ALBERTA TONER CARTRIDGE RECYCLERS 108 1915 - 27 AVENUE NE CALGARY AB T2E 7E4 103 ALLAN SAWIN 9111 39TH AVE. EDMONTON AB T6E 5Y2 46,267 ALMBERG, AYDON BOX 231 CZAR AB T0B 0Z0 775 ALPHABOW ENERGY LTD. 1800, 222 - 3RD AVENUE SW CALGARY AB T2P 0B4 13,166 AL'S TRUCK SERVICE LTD. P.O. BOX 820 MACKLIN SK S0L 2C0 14,154 ANGELTVEDT, COLE BOX 1617 PROVOST AB T0B 3S0 4,550 ANHEDRAL HOLDINGS LTD. P.O.BOX 15063 ASPEN WOODS PO CALGARY AB T3H 0N8 204 APEX DISTRIBUTION INC. 550, 407 - 2ND STREET SW CALGARY AB T2P 2Y3 9,271 ARC RESOURCES LTD. 1200, 308 - 4 AVENUE SW CALGARY AB T2P 0H7 2,920 AREA II ENVIRONMENTAL RESPONSE UNIT BOX 2429 SK S0L1S0 473 ARROWWOOD OIL & GAS LTD. 31213 ELBOW RIVER DRIVE CALGARY AB T3Z 2T9 145 ARTINDALE, JAMES & 402-837 - 2ND AVENUE S.W. CALGARY AB T2P 0E6 2,300 AUSTIN CATTLE CORP. BOX 539 PROVOST AB T0B 3S0 5,985 AUSTIN, DONALD R. BOX 539 PROVOST AB T0B 3S0 13,260 AYERS, BERNADETTE & AYERS, RAYMOND BOX 746 AB T9M 1P2 900 B.W. HUNTER MANAGEMENT LTD 4008 - 60 AVENUE EFT AB T9V 2R9 1,428 BAIER, JOHN JOSEPH & PO BOX 46 AB T0C 0E0 2,500 BAKER HUGHES, A GE COMPANY P.O. BOX 9609 STATION M CALGARY AB T2P 0E9 10,855 BARIT OILFIELD SERVICES LTD. BOX 464 PROVOST AB T0B 3S0 1,733 ELECTRIC LTD 1330 10A STREET WAINWRIGHT AB T9W 1K5 613 BAYHURST GAS LIMITED C/O SASK. ENERGY INC. #900 - 1777 VICTORIA AVENUEREGINA SK S4P 4K5 1,265

* Amounts as reflected by Bow River Energy Ltd. 1/11 BOW RIVER ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT BAYTEX ENERGY LTD. SUITE 2800, 520 - 3RD AVENUE SW CALGARY AB T2P 0R3 955 BELL P.O. BOX 3650 STATION DON MILLS TORONTO ON M3C 3X9 162 BERRY FARMS P.O. BOX 639 PROVOST AB T0B 3S0 10,300 BEVERLY E. BERRY AND LYNDA P. BERRY P.O. BOX 639 PROVOST AB T0B 3S0 9,090 BIDELL GAS COMPRESSION LTD 6900 - 112 AVENUE SE CALGARY AB T2C 4Z1 23,651 BIG OIL SERVICES INC BOX 1402 PROVOST AB T0B 3S0 4,095 BLACK BULL OPERATIONAL SERVICES LTD P.O. BOX 1664 PROVOST AB T0B 3S0 6,035 BLACK CREEK CATTLE CO. LTD. BOX 40 AB T0B 3A0 924 BLACKHAWK ENTERPRIESE PROVOST BOX 747 PROVOST AB T0B 3B0 2,520 BLADE AUTOMATION P.O. BOX 11027 LLOYDMINSTER AB T9V 3B4 15,224 BOERRICHTER, KENT JOHN & BOX 1985 UNITY SK S0K 4L0 2,100 BONAVISTA ENERGY CORPORATION 1500, 525 - 8 AVENUE SW CALGARY AB T2P 1G1 4,405 BOOMERANG ENERGY MARKETING 5100, 150 - 6TH AVE. S.W CALGARY AB T2P 3Y7 3,150 BOOMHOWER DISTRIBUTORS LTD P.O. BOX 1288 PROVOST AB T0B 3S0 596 BORETS-WEATHERFORD (CANADA) LTD 2305 - 8 STREET AB T9E 7Z3 16,486 BOTTING, KEN BOX 116 CADOGAN AB T0B 0T0 1,100 BOUNTY DEVELOPMENTS LTD. 1250, 340 - 12 AVENUE SW CALGARY AB T2R 1L5 43 BOZCO ENTERPRISES (2015) LTD. P.O. BOX 1470 PROVOST AB T0B 3S0 43,289 BRENNTAG CANADA INC. 43 JUTLAND RD. ETOBICOKE ON M8Z 2G6 9,049 BRIGHTLING EQUIPMENT LTD. 6101 - 56 STREET LLOYDMINSTER AB T9V 3T9 1,651 BROEMELING, NEIL & 9328 - 74TH AVENUE EDMONTON AB T6E 1E2 3,473 BUFFALO PARK GRAZING ASSOCIATION BOX 3093 WAINWRIGHT AB T9W 1T1 1,750 BUREAU VERITAS CANADA (2019) INC. C/O TH0069C PO BOX 4269, POSTAL STATION A TORONTO ON M5W 5V2 1,860 BUTLER, STEVE & NANCY P.O. BOX 148 LOON LAKE SK S0M 1L0 4,000 CANADIAN NATURAL RESOURCES 2500, 855 - 2 STREET SW CALGARY AB T2P 4J8 63 CANADIAN NATURAL RESOURCES LIMITED SUITE 2500, 855 - 2ND STREET S.W. CALGARY AB T2P 4J8 10,737 CANADIAN NATURAL RESOURCES PARTNERSHIP SUITE 2500, 855 - 2ND STREET S.W. CALGARY AB T2P 4J8 639 CANADIAN PACIFIC RAILWAY COMPANY 7550 OGDEN DALE ROAD SE CALGARY AB T2C 4X9 105 CANPAR HOLDINGS LTD. 1000, 517 - 10TH AVENUE SW CALGARY AB T2R 0A8 189 CASCADE PROCESS CONTROLS LTD P.O. BOX 2168 BROOKS AB T1R1C8 9,152 CAVE INSPECTION LTD. 7024 - 56 STREET LLOYDMINSTER AB T9V 3N6 912 CGG SERVICES (CANADA) INC SUITE 100, 3675 63RD AVENUE NE CALGARY AB T3J 5K1 94 CHARK HOLDINGS LTD. BOX 44 HAYTER AB T0B 1X0 184 CHARLTON RANCHES LTD. P.O. BOX 180 CZAR AB T0B 0Z0 2,400 CHEQ-IT SOLUTIONS INC. SUITE 410 816 7TH AVENUE SW CALGARY AB T2P 1A1 131 CHRIS PAGE & ASSOCIATES LTD. 14435 - 124TH AVENUE EDMONTON AB T5L 3B2 28,540 CHRISTIE LIBIN CONSULTING INC 27 WOODFORD COURT SW CALGARY AB T2W 5Y3 3,827

* Amounts as reflected by Bow River Energy Ltd. 2/11 BOW RIVER ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT CHRISTINE LUTTER & SANDRA MAH BOX 682 SK S0M 2K0 1,000 CLH ENERGY & IND SVC CRP C3191 P.O. BOX 9194, STATION M CALGARY AB T2P 5E1 12,062 COMMUNICATIONS COLD LAKE INC. 5605 - 55 STREET COLD LAKE AB T9M 1R6 92 COMPRESSCO CANADA, INC. C/O 310150 P.O. BOX 578, STATION M CALGARY AB T2P 2J2 6,614 CONA RESOURCES LTD 1900, 421 - 7 AVENUE SW CALGARY AB T2P 4K9 18,255 CONLY COMPRESSION 6007-20 STREET LLOYDMINSTER AB T9V 0A4 2,930 COPELAND, WANDA M. BOX 674 PROVOST AB T0B 3S0 3,400 COR-AN CONTRACTING LTD. BOX 332 PARADISE HILL SK S0M 2G0 11,158 CORRAN, JANICE L. 2490 SKY ROAD WALNUT CREEK CA 94597 240 CORVELLE CONSULTING SUITE 300 400 - 5 AVENUE SW CALGARY AB T2P 0L6 92 CRESCENT POINT ENERGY PARTNERSHIP 2800, 111 - 5TH AVENUE SW CALGARY AB T2P 3Y6 271 CRESCENT POINT RESOURCES LIMITED #2000, 585 - 8 AVE SW CALGARY AB T2P 1G1 9,215 CRESCENT POINT RESOURCES PARTNERSHIP 2000, 585 - 8 AVENUE SW CALGARY AB T2P 1G1 25,412 CROMARTY LAND & CATTLE CO. LTD. BOX 478 PROVOST AB T0B 3S0 7,705 D & C MELIN TRUCKING LTD P.O. BOX 65 CZAR AB T0B 0Z0 2,331 DAMBROWSKY, MARY GENERAL DELIVERY CZAR AB T0B 0Z0 1,000 DAMN GOOD WATER CO. BOX 712 #2 5316 - 43RD STREET PROVOST AB T0B 3S0 1,282 DATA SCAVENGER INC. SUITE 200 407 3RD ST SW CALGARY AB T2P 4Z2 8,951 DAVID E. EVANS & BOX 1060 REDWATER AB T0A 2W0 4,550 DEBORAH PROUD (COPEZ PROPERTIES) 130, 707 - 10TH AVE. SW CALGARY AB T2R 0B3 205,333 DEGENHARDT, KERRY & DEGENHARDT, NAOMI P.O. BOX 239 HUGHENDEN AB T0B 2E0 2,540 DEMUTH, DELVIN WALTER & DEMUTH, DENISE P.O. BOX 551 PIERCELAND SK S0M 2K0 1,625 DENMAX ENERGY SERVICES BOX 2881 WAINWRIGHT AB T9W 1S7 1,366 DISCOVERY VALLEY RESOURCES LTD. 71 DISCOVERY VALLEY COVE SW CALGARY AB T3H 5H3 434 DURIEZ RANCHING LTD. BOX 1, SITE 1 SASKATCHEWAN SK S0M 0W0 450 EASTVIEW FARMS LTD BOX 26 CADOGAN AB T0B 0T0 4,000 EBERHARTER, DONNA P.O. BOX 113 SK S0M 1A0 200 EBERHARTER, FRED BOX 7405 EDSON AB T7E 1V6 2,625 ECHO SAND RANCHING LTD. BOX 179 ACME AB T0M 0A0 13,475 ELL, ALLAN & ELL, E. LAVERN BOX 1731, STATION MAIN COLD LAKE AB T9M 1P4 3,500 EMERSON ELECTRIC CANADA LTD. 200, 110 QUARRY PARK BLVD. SE CALGARY AB T2C 3G3 2,018 ENERGY ELECTRIC LTD. P.O. BOX 6010 AB T9N 2G7 3,933 ENERGYLINK HOLDINGS, LLC SUITE 1100, 639 - 5 AVENUE SW CALGARY AB T2P 0M9 741 ENMAX COMMERCIAL SERVICES INC 141 - 50 AVENUE SE CALGARY AB T2G4S7 1,271,921 ENVERUS BUSINESS AUTOMATION SUITE 130, 115 QUARRY PARK RD CALGARY AB T2C 5G9 18,585 EOG CANADA OIL & GAS INC. C/O C05251C P.O. BOX 45 STN M CALGARY AB T2P 2G9 3,482 EPCOR P.O. BOX 500 EDMONTON AB T5J 3YB 311,500

* Amounts as reflected by Bow River Energy Ltd. 3/11 BOW RIVER ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT ERESMAN 2013 FAMILY TRUST 1701, 1234 - 5TH AVE. NW CALGARY AB T2N 0R1 698,404 ESTRUXTURE DATA CENTERS 7001 RUE ST-JACQUES MONTREAL QC H4B 3A2 1,387 FEDYK, ALVIN & WANDA BOX 353 PIERCELAND SK S0M 2K0 2,150 FINNING INTERNATIONAL INC 16*901 - 109 AVENUE EDMONTON AB T2P 4P6 408 FISH'S TRAILER RENTALS BOX 691 PROVOST AB T0B 3S0 1,200 FORT PITT FARMS INC. BOX 745 LLOYDMINSTER SK S9V 1C1 172 FRASER, KENNETH BOX 964 PROVOST AB T0B 3S0 3,100 FREEHOLD ROYALTIES PARTNERSHIP 400, 144 - 4 AVENUE SW CALGARY AB T2P 3N4 369 FROLAND, ALLAN L. & BOX 6 METISKOW AB T0B 3A0 475 FROLAND, VERNON D. BOX 15 METISKOW AB T0B 3A0 555 G.D. EXTERMINATION LTD. BOX 1304 UNITY SK S0K 4L0 4,240 GALILEO EXPLORATION LTD. SUITE 407, 325 HOWE STREET VANCOUVER BC V6C 1Z7 6,087 GALLAGHER ENERGY RISK SERVICES C/O LOCKBOX C9575C/U P.O. BOX 9575, STATION MCALGARY AB T2P 5L8 163,239 GANSER, JAMES M. & BOX 142 PROVOST AB T0B 3S0 2,950 GARTNER AG INC BOX 86 MACKLIN SK S0L 2C0 12,000 GARTNER, TERRANCE A. BOX 86 MACKLIN SK S0L 2C0 4,400 GARY NISSEN 350, 4723 - 1ST STREET SW CALGARY AB T2G 4Y8 256,667 GEO LOGIC SYSTEMS SUTIE 1500, 401 - 9TH AVENUE SW CALGARY AB T2P 3C5 49,860 GEOFFROY, ANDREA 114 - 23 STREET COLD LAKE AB T9M 1E7 500 GLENEAGLE PETROLEUM INC. 303 - 1220 BLACKFOOT DRIVE REGINA SK S4S 2T6 1,509 GLJ PETROLEUM CONSULTANTS 4100, 400 - 3RD AVENUE SW CALGARY AB T2P 4H2 44,957 GLOBAL FUSION COATING INC. 1710 - 18 STREET WAINWRIGHT AB T9W 1L2 708 G-MAX FARMS LTD P.O. BOX 156 UNITY SK S0K 4L0 6,150 GOPHER BYTE COMPUTERS BOX 878 MACKLIN SK S0L 2C0 102 GOPHERNET HIGH SPEED BOX 878 MACKLIN SK S0L 2C0 452 GOULD RANCHING LTD. PO BOX 69 CONSORT AB T0C 1B0 2,500 GOVERNMENT OF ALBERTA 9915 - 108 STREET EDMONTON AB T5K 2C9 3,106 GOVERNMENT OF ALBERTA 2ND FLOOR 9945 - 108TH STREET EDMONTON AB T5K 2G6 9,072 GUENTHNER, KENNETH E. BOX 333 CONSORT AB T0C 1B0 6,210 GVM TRUCKING LTD. PO BOX 31 ELK POINT AB T0A 1A0 74,657 HAASE, GREGORY 3611 E CUMBERLAND RD REGINA SK S4V 3C4 750 HAASE, MELVYN 14 - 51034 TOWNSHIP ROAD 712 CO. OF GRANDE PRAIRIEAB NO.1 T8X 4A2 750 HARLAND, KENNETH B. & MICHELLE A. BOX 98 SK S0M 0W0 3,000 HARLECH EXPLORATION LTD 177 MOUNTAIN RIVER ESTATES CALGARY AB T3Z 3J3 660 HARVEST OPERATIONS CORP. 1500, 700 - 2ND STREET SW CALGARY AB T2P 2W1 684 HAYWARD, RANDY & HAYWARD, RITA P.O. BOX 571 PIERCELAND SK S0M 2K0 250 HENRY COHEN 135 STRATHALLAN BLVD. TORONTO ON M5N 1S9 205,333

* Amounts as reflected by Bow River Energy Ltd. 4/11 BOW RIVER ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT HERITAGE ROYALTY RESOURCE CORP. 710, 215 - 2 STREET SW CALGARY AB T2P 1M4 32,332 HILL + KNOWLTON STRATEGIES 160 BLOOR STREET EAST SUITE 800 TORONTO ON M4W 3P7 5,874 HIMMELSBACH, ROY & JOSELYN ) BOX 314 GOODSOIL SK S0M 1A0 500 HOP INVESTMENTS LTD. 1440, 333 - 11TH AVE. SW CALGARY AB T2R 1L9 37,014 HUSKY OIL OPERATIONS LIMITED 707 - 8th AVE. SW CALGARY AB T2P 1H5 947,941 HUTTERIAN BRETHREN CHURCH OF BOX 270 EDGERTON AB T0B 1K0 20,238 IMELDA CAMACHO P.O. BOX 412 PROVOST AB T0B 3S0 160 IMPERIAL OIL RESOURCES LIMITED PO 2480 STATION M CALGARY AB T2P 3M9 257 IMPORT TOOL CORP . LTD 5533 - 48 STREET EDMONTON AB T6B 3R1 11,349 INNOVATION, SCIENCE AND ECONOMIC SPECIRUM FINANCE CENTRE POSTAL STATION D. BOXOTTAWA 2330 ON K1P 6K1 5,433 JAG OILFIELD SERVICES LTD. BOX 69 COMPEER AB T0C 1A0 17,556 JAMES BUCKEE EBBLESTONE HOUSE, HOMMINGTON SALISBURY EN SP5 4NG 37,014 JAMIESON, DON 5159 NANCY GREENE WAY NORTH VANCOUVER BC V7R 4N2 1,325 JAMIESON, LORAINE 5159 NANCY GREENE WAY NORTH VANCOUVER BC V7R 4N2 1,325 JAWS CONTRACTING LTD 721- 10 STREET WAINWRIGHT AB T9W 1P3 5,089 JICKLING, DAVID BOX 94 CADOGAN AB T0B 0T0 4,888 JIM PATTISON LEASE 1235 - 73 AVENUE SE CALGARY AB T2H 2X1 25,241 JOHNSTONE LUMBER COMPANY LIMITED BOX 268 PROVOST AB T0B 3S0 28,296 JSK CONSULTING LTD BAY E3 5560 - 45 STREET RED DEER AB T4N 1L1 2,487 KANE, RICHARD SCOTT P.O. BOX 270, STN MAIN COLD LAKE AB T9M 1P1 3,500 KARVE ENERGY INC 1700, 205-5TH AVENUE S.W. CALGARY AB T2P 2V7 8,586 KELRO PUMP & MECHANICAL LTD. P.O. BOX 10989 LLOYDMINSTER AB T9V 3B3 12,052 KENILWORTH COMBUSTION CORP BOX 3694 VERMILION AB T9X 2B7 111 KESENHEIMER, LARRY AND MURIELLE KESENHEIMER BOX 84 PIERCELAND SK S0M 2K0 2,400 KEYERA CORP SUITE 200, SUN LIFE PLAZA WEST TOWER 144-4TH CALGARYAVE SW AB T2P 3N4 5,513 KIM COHOS 130, 707 - 10TH AVE. SW CALGARY AB T2R 0B3 205,333 KINGS ENERGY GROUP BOX 11159 LLOYDMINSTER AB T9V 3B5 37,692 KING'S ENERGY SERVICES LTD 277 BURNT PARK DRIVE RED DEER AB T4S 2L4 6,965 KNOX, LEONARD L & TRUDY L BOX 496 PROVOST AB T0B 3S0 3,000 KREICK, WARREN JAMES & KREICK, MAUREEN 1314 SHEPHERD CRES SASKATOON SK S7W 0B6 3,100 KUBOTA CANADA INC. 5900 14TH AVENUE MARKHAM ON L3S 4K4 571 LANTZ, MICHAEL ALBERT BOX 1545 UNITY SK S0K 4L0 6,750 LARSON'S HARDWARE LIMITED P.O. BOX 30 PROVOST AB T0B 3S0 83 LAURSEN, DALE & LAURSEN LINDA BOX 356 PIERCELAND SK S0M 2K0 2,400 LEXTERRALAND 200, 1324 - 11TH AVENUE SW CALGARY AB T3C 0M6 16,131 LINDA L. GIMBY 14325 W. VIA TERCERO SUN CITY WEST AZ 85375 325 LINDSAY, RONALD E. 5318 - 58 STREET CLOSE CAMROSE AB T4V 4M9 4,500

* Amounts as reflected by Bow River Energy Ltd. 5/11 BOW RIVER ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT LINGE, TILLIE BOX 936 UNITY SK S0K 4L0 4,300 LLOYDMINSTER ANSWERING SERVICE (FOUR ST) #10-989 MCGILL PLACE KAMLOOPS BC V2C 6N9 2,655 LOCKE ASSET MANAGEMENT LTD. 30131 ROCKY BUTTE RANCH ROAD CALGARY AB T3R 1K4 1,403 LONG RUN EXPLORATION LTD EAU CLAIRE TOWER 600, 600 3RD AVENUE SW CALGARY AB T2P 0G5 181 LOOMIS EXPRESS ATTENTION: CASH RECEIPT 200 WESTCREEK BLVD BRAMPTON ON L6T 5T7 361 LUDWIG, SHARON BOX 355 LOON LAKE SK S0M 1L0 300 M & J OILFIELD SERVICES CO. LTD. BOX 523 PROVOST AB T0B 3S0 9,531 MABLE HAASE 5328 SANDHILLS DRIVE KELOWNA BC V1X 7Y7 750 MACKLIN AUTO CENTRE (1994) BOX 179 MACKLIN SK S0L 2C0 335 MACKLIN CAR WASH PO BOX 837 MACKLIN SK S0L 2C0 40 MADILL - THE OFFICE COMPANY PO BOX 57086 SUNRIDGE RPO CALGARY AB T1Y 6R4 83 MATRIX SOLUTIONS INC 600, 214 - 11 AVENUE SW CALGARY AB T2R 0K1 6,670 MAULL, HILSON BOX 58 METISKOW AB T0B 3A0 3,864 MCELHINNEY, VIVIAN F. 1077 PARKER DRIVE AB T8A 1C7 9,670 MCRAE, WESLEY DEAN & EILEEN BOX 159 PIERCELAND SK S0M 2K0 2,200 MENZIES FARMS LTD. BOX 667 PROVOST AB T0B 3S0 12,390 MICROSOFT CORPORATION ONE MICROSFOT WAY REDMOND WASHINGTON WA 98052 529 MID-WEST AUTO SUPPLY (PROVOST) 4015 - 57 AVE BOX 127 PROVOST AB T0B 3S0 549 MIDWEST SURVEYS 2827 SUNRIDGE BLVD NE CALGARY AB T1Y 6G1 184 MIKE'S OILFIELD SERVICES LTD. 6210 50TH AVENUE LLOYDMINSTER AB T9V 2C9 1,199 MILLER, BARTON D. 2019 SOUTH ALTON COURT DENVER CO 80231 1,440 MINISTER OF FINANCE SASKATCHEWAN MINISTRY OF THE ECONOMY 1000,REGINA 2103 - 11 AVENUE SK S4P 3Z8 201,063 MINISTER OF FINANCE-SASK MIN ENVIROMENT BOX 1064 REGINA SK S4P 3B2 1,765,071 MINISTRY OF AGRICULTURE, LANDS BRANCH B5 - 3085 ALBERT STREET REGINA SK S4S 0B1 688,582 MISTIK MANAGEMENT LTD. P.O. BOX 9060 MEADOW LAKE SK S9X 1V7 58,748 MOJEK RESOURCES INC. 950, 736 6TH AVENUE SW CALGARY AB T2P 3T7 165 MOORE RANCH LTD. BOX 159 LOON LAKE SK S0M 1L0 2,350 MOTLEY, JAY & MOTLEY, JULIE P.O. BOX 186 CZAR AB T0B 0Z0 2,200 MPS AUTOTECH PO BOX 1230 COLD LAKE AB T9M 1P3 2,083 MRC CANADA ULC #B3999 255 5TH AVENUE SW STN 2620 CALGARY AB T2P 3G6 2,800 MTM ENERGY SERVICES INC BOX 1739 PROVOST AB T0B 3S0 25,435 MUNICIPAL DISTRICT OF PROVOST NO. 52 P.O. BOX 300 PROVOST AB T0B 3S0 932,826 MUNICIPAL DISTRICT OF WAINWRIGHT NO. 61 717 - 14TH AVENUE WAINWRIGHT AB T9W 1B3 296,547 MURRAY, MARY BOX 466 PROVOST AB T0B 3S0 3,100 MYTERRA VENTURES INC. 6206 - 44 STREET LLOYDMINSTER AB T9V 1V9 4,102 NETHERLANDS INVESTMENT COMPANY 602 304 8 AVENUE SW CALGARY AB T2P 1C2 6,350 NEUFELD RESOURCES INC. BOX 11 EVESHAM SK S0L 1B0 5,590

* Amounts as reflected by Bow River Energy Ltd. 6/11 BOW RIVER ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT NICKERSON ROBERTS HOLINSKI & MERCER 100, 7712 - 104 STREET EDMONTON AB T6E 4C5 3,079 NIGHTHAWK OILFIELD SERVICES LTD. P.O. BOX 307 MACKLIN SK S0L 2C0 6,427 NORALTA TECHNOLOGIES INC 100, 808-4TH AVEUNE SW CALGARY AB T2P 3E8 765 NORTHERN MATERIALS ENGINEERING LTD. 5128 - 75 STREET NW EDMONTON AB T6E 6W2 6,101 NORTHERN MUNICIPAL SERVICES BOX 113 SK S0J 1L0 185,581 NOVLAN BROS. SALES BOX 89 PARADISE HILL SK S0M 2G0 2,071 NUTCRACKER HOLDINGS LTD. 1250, 340 - 12 AVENUE SW CALGARY AB T2R 1L5 43 OBSIDIAN ENERGY LTD SUITE 200, PENN WEST PLAZA 207 - 9 AVENUE SWCALGARY AB T2P 1K3 11,295 OBSIDIAN ENERGY PARTNERSHIP 200, 207 - 9TH AVENUE SW CALGARY AB T2P 1K3 40,468 O'CALLAGHAN, MAURICE E. BOX 212 PROVOST AB T0B 3S0 3,730 OIL & GAS INDEX 405 - 14 AVE NE CALGARY AB T2E 1E6 1,260 OLSON FARMS (PROVOST) LTD. BOX 1147 PROVOST AB T0B 3S0 5,080 ON LINE LOCATORS BOX 478 SEDGEWICK AB T0B 4C0 879 OSY RENTALS LTD. BOX 5 MAJOR SK S0L 2H0 5,198 P2 ENERGY SOLUTIONS ALBERTA ULC LOCKBOX #C06006C PO BOX 60 STATION M CALGARY AB T2P 2G9 38,318 PAHLKE, WILLIAM EDWIN JAMES, PAHLKE, JEN P.O. BOX 219 PIERCELAND SK S0M 2K0 2,000 PARE, DONALD L P.O. BOX 40 CHAUVIN AB T0B 0V0 3,100 PATON, GRACE MAE BOX 148 PIERCELAND SK S0M 2K0 4,700 PAULETTE GEIS 149 SCHOONER LANDING NW CALGARY AB T3L 1X5 102,667 PAULGAARD, CAROL A. BOX 222 PROVOST AB T0B 3S0 3,400 PAULGAARD, DARYL BOX 864 PROVOST AB T0B 3S0 2,776 PAULGAARD, MARCELLA BOX 864 PROVOST AB T0B 3S0 2,850 PEARL WAGNER -CHEQUING ACCOUNT BOX 669 5004-50 STREET PROVOST AB T0B 3S0 33,430 PEE-KAY RESOURCES DEVELOPMENT CORP. C/O JOSEPH BIGHEAD BAND P.O. BOX 309 PIERCELAND SK S0M 2K0 18,323 PELOTON COMPUTER ENTERPRISES LTD 450,1000-7TH AVENUE SW CALGARY AB T2P 5L5 10,841 PENO, DAVID J. & PENO, MYRNA M. P.O. BOX 307 PIERCELAND SK S0M 2K0 2,500 PICKARD, COLIN BOX 1661 PROVOST AB T0B 3S0 4,550 PICKARD, YVONNE BOX 57 HAYTER AB T0B 1X0 2,000 PILOT PROPANE INC PO BOX 2908 WAINWRIGHT AB T9W 1S8 11,829 POLLOCK, WILLIAM D & POLLOCK, KATHLEEN P BOX 156 PIERCELAND SK S0M 2K0 2,500 PRAIRIE BIRCH ROYALTIES LTD. 3250, 255 - 5 AVENUE SW CALGARY AB T2P 3G6 170 PRAIRIE PROVIDENT RESOURCES CANADA LTD. 1100, 640 - 5 AVENUE SW CALGARY AB T2P 3G4 67,739 PRAIRIE STORM CONTROLS INC. BOX 671 CONSORT AB T0C 1B0 4,545 PRAIRIE THUNDER RESOURCES LTD 2610, 421 - 7TH AVENUE SW CALGARY AB T2P 4K9 634 PRAIRIE TRAILS DISPOSAL LTD BOX 69 METISKOW AB T0B 3A0 1,581 PRAIRIESKY ROYALTY LTD. SUITE 1700 350 - 7TH AVENUE SW CALGARY AB T2P 3N9 6,136 PRO LINE LOCATORS LTD. 5108 - 27 STREET LLOYDMINSTER AB T9V 2K9 2,260

* Amounts as reflected by Bow River Energy Ltd. 7/11 BOW RIVER ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT PROCON SYSTEMS (2013) INC. 6025 - 99 STREET EDMONTON AB T6E 3P1 5,075 PROSPECTOR OILFIELD SERVICES LTD. P.O. BOX 85 PROVOST AB T0B 3S0 6,740 PROSPER PETROLEUM LTD. 1810, 500 - 4TH AVENUE SW CALGARY AB T2P 2V6 206 PROSSER, GARRY B BOX 337 LOON LAKE SK S0M 1L0 750 PURECHEM SERVICES (CANADIAN ENERGY SER.) SUITE 1400 700 - 4TH AVENUE SW CALGARY AB T2P 3J4 70,379 PUROLATOR INC. P.O. BOX 4800 STN MAIN CONCORD ON L4K 0K1 337 QUEST GEOMATICS INC. 202, 602 - 11TH AVENUE SW CALGARY AB T2R 1J8 13,674 QUIK PICK WASTE DISPOSAL P.O. BOX 710 LLOYDMINSTER AB S9V 0Y7 424 QUORUM E1 MOSAIC SOFTWARE CORPORTATION C/O C09667C P.O. BOX 9667 STN M CALGARY AB T2P 0E9 4,331 R.D. SCURFIELD & ASSOCIATES INC. PO BOX 1200 BANFF AB T1L 1B2 740,291 R.L. ELECTRIC MOTOR REWINDING 1995 LTD. 6506 - 50 AVENUE LLOYDMINSTER AB T9V 2W8 17,238 R.M OF BOX 129 PIERCELAND SK S0M 2K0 344,276 R.M OF BRITANNIA NO. 502 BOX 661 LLOYDMINSTER SK S9V 0Y7 29 R.M. GRASS LAKE NO. 381 BOX 40547 SK S0L 2A0 76,963 R.M. OF EYE HILL NO. 382 BOX 39 MACKLIN SK S0L 2C0 244,034 R.M. OF FRENCHMAN BUTTE NO. 501 BOX 180 PARADISE HILL SK S0M 2G0 170,736 R.M. OF LOON LAKE NO. 561 BOX 40 LOON LAKE SK S0M 1L0 101,108 RANDALL ERESMAN 1701, 1234 - 5TH AVE. NW CALGARY AB T2N 0R1 1,574,870 RECEIVER GENERAL TECHNOLOGY CENTRE 875 HERON RD OTTAWA ON K1A 1B1 610 RECEIVER GENERAL FOR CANADA SUITE 100, 9911 CHIILA BLVD TSUU T'INA AB T3T 0E1 31,066 RECEIVER GENERAL FOR CANADA SUITE 100, 9911 CHIILA BLVD TSUU T'INA AB T3T 0E1 60,149 RECEIVER GENERAL FOR CANADA SUITE 100, 9911 CHIILA BLVD TSUU T'INA AB T3T 0E1 171,362 RECEIVER GENERAL FOR CANADA CANADA REVENUE AGENCY 875 HERON ROAD OTTAWA ON K1A 1B1 3,347 RECEIVER GENERAL FOR CANADA (AANDC) 110, 3601 - 5 AVENUE EAST PRINCE ALBERT SK S6W 0A2 2,350 RECEIVER GENERAL FOR CANADA (GST) CANADA REVENUE AGENCY 875 HERON ROAD OTTAWA ON K1A 1B1 31,172 RED PHEASANT TLE HOLDING CO. INC. BOX 70 CANDO SK S0K 0V0 5,413 REINBOLD ELECTRIC LTD BOX 633 MACKLIN SK S0L 2C0 7,826 REINHART RANCHING LTD C/O BRIAN REINHART BOX 58 CHAUVIN AB T0B 0V0 3,100 REPSOL CANADA ENERGY PARTNERSHIP PO BOX 2509 STATION M CALGARY AB T2P 0E2 31,307 RESERVE ROYALTY GP LTD. SUITE 1800, 505 - 3 STREET SW CALGARY AB T2P 3E6 121 RICK DELEFF PO BOX 483 CONSORT AB T0C 1B0 74,027 RICK SIM TRUCKING INC P.O. BOX 91 ST. WALBURG SK S0M 2T0 1,775 RIFE RESOURCES LTD. 1000,517 - 10TH AVENUE SW CALGARY AB T2R 0A8 22 RIFLE SHOT OIL CORP. SUITE 900, 555 - 4TH AVENUE SW CALGARY AB T2P 3E7 448 RIVERHILL ENTERPRISES LTD. P.O. BOX 600 AB T0B 2X0 1,237 ROADPOST CANADA P.O. BOX 46274 POSTAL STATION A TORONTO ON M5W 4K9 187 ROGERS RIVER RANCH LTD. 2309 - 59B AVENUE CLOSE LLOYDMINSTER AB T9V 3J3 3,300

* Amounts as reflected by Bow River Energy Ltd. 8/11 BOW RIVER ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT RON RESOURCES LTD #318, 1641 LONSDALE AVENUE NORTH VANCOUVER BC V7M 2J5 2,108 ROUNDED ENERGY SERVICES LTD. BOX 808 MACKLIN SK S0L 2C0 2,777 ROWORTH & CAMERON RANCH LTD. BOX 150 CZAR AB T0B 0Z0 151 RSL RESOURCES LTD. PO BOX 22213 BANKERS HALL CALGARY AB T2P 4J6 42 SANNACHAN, LOYAL J. & BOX 27 METISKOW AB T0B 3A0 2,100 SANSREGRET, JOE & BONNIE P.O. BOX 63 CONSORT AB T0C 1B0 800 SARGINSON, ROBERT H. L. R.R. #1 EDGERTON AB T0B 1K0 3,860 SASKATCHEWAN MINISTRY OF AGRICULTURE 1192 - 102 STREET NORTH SK S9A 1E9 5,377 SASKATCHEWAN MINISTRY OF FINANCE REVENUE DIVISION BOX 200 REGINA SK S4P 2Z6 136,657 SASKATCHEWAN MINISTRY OF THE ECONOMY 1000, 2103 - 11 AVENUE REGINA SK S4P 3Z8 92,625 SASKPOWER 2025 VICTORIA AVENUE REGINA SK S4P 0S1 16,198 SAWATZKY, BRIAN, SAWATZKY, LORETTA P.O. BOX 342 PIERCELAND SK S0M 2K0 4,450 SCAMMELL'S CONTRACTING LTD. BOX 1 CADOGAN AB T0B 0B0 3,460 SELECTEST INC 3708 - 39 STREET WHITECOURT AB T7S 0C3 12,038 SHARP, DAVID GORDEN BOX 422 MARSHAL SK S0M 1M0 1,700 SHAW BUSINESS SHAW BUSINESS A DIVISION OF SHAW TELECOM G.P.CALGARY AB T2E9A7 1,364 SHKOPICH ENVIRO LTD. BOX 1419 MEADOW LAKE SK S9X 1Z1 427 SHRED-IT INTERNATIONAL ULC P.O. BOX 15781, STATION A TORONTO ON M5W 1C1 131 SIERRA OILFIELD CONTRACTING (COLD LAKE) BOX 303 COLD LAKE AB T9M 1P1 10,438 SIGN SOLUTIONS 5212 - 55TH STREET BONNYVILLE AB T9N 2K7 570 SIGNALTA RESOURCES LIMITED 700, 840 - 6 AVENUE SW CALGARY AB T2P 3E5 691 SIM, CHARLES GERALD ELLIOTT BOX 158 FRENCHMAN BUTTE SK S0M 0W0 3,250 SKAHA PETROLEUM LTD 108, 2526 BATTLEFORD AVEUNE CALGARY AB T3E 7J5 2,761 SOUERS, RANDY - PERSONAL REPRESENTATIVE 11418 E. MONTE CIRCLE MESA AZ 85212 956 SOURCE ENVIRONMENTAL CORROSION CORP P.O. BOX 1052 LLOYDMINSTER SK S9V 1E9 31,456 STANG, JEFFREY & CORNELIA BOX 51 HAYTER AB T0B 1X0 2,300 STANG, RICHARD AND HELEN P.O. BOX 238 MACKLIN SK S0L 2C0 4,000 STEEL VIEW ENERGY & INDUSTRIAL SERVICES P.O. BOX 265 CHAUVIN AB T0B 0V0 14,481 STEELE, MARJORIE BOX 69 FRENCHMAN BUTTE SK S0M 0W0 5,400 SULLIVAN, IAN BOX 1402 PROVOST AB T0B 3S0 3,370 SULLIVAN, TAYLOR BOX 1402 PROVOST AB T0B 3S0 3,370 SULPHUR SPRINGS FARMS LTD. BOX 833 PROVOST AB T0B 3S0 8,100 SURGE ENERGY INC. 2100, 635 - 8 AVENUE SW CALGARY AB T2P 3M3 141,333 SYMES, DAVID JOHN 102A, 4408 - 32 STREET LLOYDMINSTER SK S9V 1S5 4,775 SYMINGTON, COLIN R.R. 1 CADOGAN AB T0B 0T0 2,700 SYMINGTON, ROY E. & R.R. #1 CADOGAN AB T0B 0T0 2,600 SYVERSON, BRYON G. BOX 1156 PROVOST AB T0B 3S0 2,950

* Amounts as reflected by Bow River Energy Ltd. 9/11 BOW RIVER ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT SYVERSON, RODNEY S. BOX 731 PROVOST AB T0B 3S0 2,950 T.L. HAWKEN & SON FARMS LTD. BOX 1019 PROVOST AB T0B 3S0 8,180 TALLINN CAPITAL ENERGY LTD 418, 100 - 4TH AVENUE SW CALGARY AB T2P 3N2 1,890 TAMARACK ACQUISITION CORP SUITE 600, 425 - 1ST STREET SW CALGARY AB T2P 3L8 9,456 TANTON, SHEILA LYNN BOX 738 SEDGEWICK AB T0B 4C0 3,100 TECHMATION ELECTRIC & CONTROL LTD 117 KINGSVIEW RD SE AIRDRIE AB T4A 0A8 6,292 TEINE ENERGY LTD 2300, 520 - 3RD AVENUE SW CALGARY AB T2P 0R3 45 TELUS PO BOX 8950 STN TERMINAL VANCOUVER BC V6B 3C3 675 TERVITA CORPORATION TERVITA CORPORATION C/O C3025 CALGARY AB T2P 3L4 28,567 THE GIMBY TRUST, ROGER N. GIMBY & LINDA 14325 W. VIA TERCERO SUN CITY WEST AZ 85375 1,013 THE TECHNICAL SAFETY AUTHORITY 2202 - 2ND AVENUE REGINA SK S4R 1K3 14,217 THUNDER OIL LTD P.O.BOX 600 SK S0M 2Y0 59,480 THUNDER OIL LTD. P.O. BOX 600 TURTLEFORD SK S0M 2Y0 25 TOMILIN RESOURCES LTD. BOX 47 GRONLID SK S0E 0W0 1,214 TOQUE INVESTMENTS LTD. 5256 BANNERMAN DRIVE N.W. CALGARY AB T2L 1W2 81 TORPE, GARY BOX 897 PROVOST AB T0B 3S0 3,600 TOUCHDOWN LAND CONSULTANTS LTD 4607 COUNTRY CLUB BOULEVARD IRMA AB T0B 2H0 5,873 TOUCHWOOD PETROLEUM LTD. 1319 - 18A ST. N.W. CALGARY AB T2N 2H6 4,333 TRENERRY, JOYCE BOX 533 PROVOST AB T0B 3S0 4,500 TRENERRY, WAYNE A BOX 917 PROVOST AB T0B 3S0 1,950 TRIMAC ENERGY SERVICES LTD BOX 3500 3215 - 12 STREET NE CALGARY AB T2E 7S9 12,859 TRIPLE C ENERGY LTD. BOX 1009 LLOYDMINSTER SK S9V 1E9 851 TRONIAK, HEATHER & TRONIAK, MELVIN BOX 201 PIERCELAND SK S0M 2K0 2,250 TS&M SUPPLY P.O. BOX 28 314 KENSINGTON AVE SK S4A 2A2 9,840 TWIN H CATTLE CO. LTD. BOX 188 C/O GERHARDT HIMMELSBACH GOODSOIL SK S0M 1A0 3,000 UNDER PRESSURE CANADA 721902 AB LTD PO BOX 371 CONSORT AB T0C 1B0 15,462 VENO LAND & CATTLE LTD. BOX 1596 HANNA AB T0J 1P0 5,600 VERMILION ENERGY INC. SUITE 3500 520 -3RD AVENUE SW CALGARY AB T2P 0R3 207 VERSATURE 5424 CANOTEK ROAD OTTAWA ON K1J 1E9 137 VORTEX PRODUCTION SERVICES LTD. P.O. BOX 1480 STETTLER AB T0C 2L0 47,520 VULCAN ELECTRICAL LTD 18225 - 107 AVENUE EDMONTON AB T5S 1K5 16,144 W.E. CHILTON CONSULTING LTD. 667 WILDERNESS DR SE CALGARY AB T2J 2Z5 920 WALTERS, BEATRICE BOX 41 METISKOW AB T0B 3A0 4,450 WASTE CONNECTIONS OF CANADA CORONATION BOX 848 CORONATION AB T0C 1C0 11,032 WE AN-SER COMMUNICATION GROUP PO BOX 32058 REGINA SK S4N 7L2 13,834 WEATHERFORD CANADA PARTNERSHIP 1200, 333 5TH AVE SW CALGARY AB T2P 3B6 2,445 WEST LAKE ENERGY CORP SUITE 700, 600 - 3RD AVE SW CALGARY AB T2P 0G5 12,124

* Amounts as reflected by Bow River Energy Ltd. 10/11 BOW RIVER ENERGY LTD. SCHEDULE OF CREDITORS AS AT JUNE 1, 2020 *(unaudited)

NAME ADDRESS AMOUNT WEST, CHARLES R. BOX 3 CADOGAN AB T0B 0T0 1,500 WESTBOUND RANCH LTD. R.R. #1 CADOGAN AB T0B 0T0 800 WESTERN CANADIAN SPILL SERVICES BOX 503 3545 - 32 AVENUE NE CALGARY AB T2E 7H7 10,044 WHEATLAND CONSULTING LTD 1004 - 5TH AVENUE NE CALGARY AB T2E 0L4 1,210 WHITE, KATHERINE R. BOX 336 PROVOST AB T0B 3S0 2,300 WHITE, PATRICK G. BOX 336 PROVOST AB T0B 3S0 1,500 WIECHNIK, JAMES R. & PATRICIA L. BOX 276 CONSORT AB T0C 1B0 250 WILD FAMILY FARM LTD. P.O. BOX 88 PIERCELAND SK S0M 2K0 2,500 WILLS LAND & CATTLE CO.LTD. P.O. BOX 125 HUGHENDEN AB T0B 2E0 16,115 WINTERHALT JAMES J & WINTERHALT RHELDA L BOX 181 UNITY SK S0L 4L0 2,635 WOLFE, CHRIS & WOLFE, JUDY 1911 BOWERS DRIVE SK S9A 3B9 1,300 WORKERS COMPENSATION BOARD - ALBERTA PO BOX 2323 EDMONTON AB T5J 3V3 3,024 WORKIN'ER OILFIELD SERVICES BOX 1411 PROVOST AB T0B 3S0 3,575 XEROX CANADA LTD. PO BOX 4539 STN A TORONTO ON M5W 4P5 851 XI TECHNOLOGIES INC. SUITE 1700 LIFE PLAZA CALGARY AB T2P 3P8 242 X-TERRA ENVIRONMENTAL SERVICES LTD 4201 - 66 AVENUE LLOYDMINSTER AB T9V 2Y7 5,789 Y COULEE LAND AND CATTLE CO. LTD. BOX 113 FRENCHMAN BUTTE SK S0M 0W0 3,100 ZUNTI, FRANCIS JAMES & ZUNTI, AARON BOX 1266 UNITY SK S0K 4L0 2,000 $ 14,826,465

* Amounts as reflected by Bow River Energy Ltd. 11/11