The information on this website was prepared exclusively for the shareholders of Eagle Energy Inc. (“Eagle”) to whom it is directly addressed in order to provide the views of Daniel Gundersen and Kingsway Financial Services Inc. (together, the “Concerned Shareholders”) regarding certain changes the Concerned Shareholders are requesting to the composition of the board of directors of Eagle, and other matters of concern to the Concerned Shareholders, as significant shareholders of Eagle. The information on this website is for discussion purposes only. The contents of this website may not be disclosed to any one or reproduced in any form or used for any other purpose without the prior written consent of the Concerned Shareholders.

The data, information and opinions contained on this website (collectively, the “Information”) is for general informational purposes only and is not tailored to specific investment objectives, the financial situation, suitability, or particular need of any specific person(s) who may receive the Information, and should not be taken as advice in considering the merits of any investment decision. The views expressed in the Information represent the views and opinions of the Concerned Shareholders, which opinions may change at any time and which are based on internal analyses of the Concerned Shareholders, as informed by publicly available information with respect to Eagle and available to the public on SEDAR at www.sedar.com. Unless expressly stated otherwise, any opinion expressed herein are opinions of the Concerned Shareholders held as of the date appearing in the Information. The Concerned Shareholders disclaim any obligation to update the Information contained herein, except as required by law. Unless otherwise indicated, financial information and data used herein have been derived or obtained from public disclosure and filings made by Eagle and from other third party reports.

Except for any historical information contained on this website, the matters addressed on this website contain forward looking statements that involve certain risks and uncertainties. Readers should be aware that actual results could differ materially from those contained in the forward looking statements. The Concerned Shareholders do not assume any obligation to update the forward looking statements contained in the Information except as required by law. The Concerned Shareholders have not sought or obtained consent from any third party for the use herein of previously published information. Any such information should not be viewed as indicating the support of such third party for the views expressed herein.

Although the Information contained on this website has been obtained from sources believed to be reliable, the Concerned Shareholders not guarantee the accuracy, completeness or fairness of such Information. The Concerned Shareholders have relied upon and assumed, without independent verification, the accuracy and completeness of all data and information available from public sources. No warranty is made that any of the Information contained on this website, whether derived or obtained from filings made with a regulator or from any third party, is accurate. The Concerned Shareholders shall not be responsible for and expressly disclaim any liability for any misinformation contained in any regulatory filing or third party report.

There is no assurance or guarantee with respect to the prices at which any securities of Eagle will trade, and such securities may not trade at prices that may be implied herein. The estimates, projections and potential impact of the proposals and plans set forth herein are based on assumptions that the Concerned Shareholders believe to be reasonable, but there can be no assurance or guarantee that actual results or performance of Eagle will not differ, and such differences may be material.