Management for Xtreme Drilling Corp., based this Management’s Discussion and Analysis
(“MD&A”) on operating and financial results for the three and six months ended June 30, 2017, and provides
comparative information for the three and six months ended June 30, 2016. Management recommends reading this
discussion and analysis in conjunction with the Company’s audited consolidated financial statements as of and for
the year ended December 31, 2016, and related notes (the “Audited Financial Statements”).

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