Disclaimer

This website contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of Claren Energy Corp. (the “Company”). Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking information involves known and unknown risks and uncertainties that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward- looking information. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current exploration and drilling activities; actual results of reclamation activities; changes in labour costs or other exploration costs; conclusions of economic evaluations; changes in project parameters as plans continue to be re ned; future prices of hydrocarbons; accidents, labour disputes and other risks of the oil and gas exploration industry; delays in obtaining governmental approvals or financing or in the completion of wells or integration with hydrocarbon collection infrastructure; and other acts of God or unfavourable operating conditions and losses; political instability, insurrection or war.

Forward looking information is based on a number of material factors and assumptions, including the determination of reserves or resources, if any; the results of exploration and drilling activities, the availability and final receipt of required approval, licenses and permits; that suficient working capital is available to complete proposed exploration and drilling activities; that contracted parties provide goods and/or services on the agreed time frames; the equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred and that no unusual technical problems occur. While the Company considers these assumptions may be reasonable based on information currently available to it, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties discussed above.

The Company intends to discuss in its quarterly and annual reports referred to as the Company’s management’s discussion and analysis documents, any events and circumstances that occurred during the period to which such document relates that are reasonably likely to cause actual events or circumstances to differ materially from those disclosed in this website. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information.