UNX Energy Corp. holds exploration rights to over 51,000 km2 of land in Namibia that is highly prospective for oil and gas discoveries. The company's key block, 2713A, contains a large potential trap that could hold over 2 billion barrels of oil based on an independent assessment. Successful wells near UNX's blocks indicate the presence of source rock and reservoirs in the area. With a planned 3D seismic survey and pursuit of farm-out partners, UNX aims to de-risk its prospects and potentially drill an exploratory well in 2011. The company is led by an experienced management team with significant international oil and gas expertise.

1. Corporate Presentation
November 2010

2. 2
Forward Looking Statements
This presentation contains forward looking statements and factual information that are current as of the
date the presentation was originally delivered. UNX Energy Corp. disclaims any intention or obligation
to update or revise any forward looking statements, whether as a result of new information, future
events or otherwise. Forward looking statements include, but are not limited to, statements with respect
to the timing and amount of estimated future exploration, success of exploration activities,
expenditures, permitting, and requirements for additional capital and access to data. Forward looking
statements involve known and unknown risks, uncertainties, and other factors which 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 statements. Such
factors include, among others, risks related to actual results of current exploration activities; changes in
project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or
dispose of properties; future prices of oil and gas; accidents, labor disputes and other risks of the oil
and gas industry; ability to obtain financing; and delays in obtaining governmental approvals of
financing.

3. • UNX is exploring the South Atlantic Margin
Basins offshore Namibia
• UNX has interests in over 51,000 gross km2 of
highly prospective exploration rights
Brazil and Namibia are on opposite
margins of the South Atlantic
• Common geological history and similar
petroleum system
• Four recent giant discoveries reported in
deeper horizons within the Santos Basin,
Brazil
• Tupi (oil and natural gas)
• Carioca (oil and natural gas)
• Jupiter (natural gas and condensate)
• Abare Oeste (oil and natural gas)
• Combined, the above discoveries represent
the world’s largest find since the 1970’s
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Namibia – The Next Oil Frontier

4. • Stable democracy: gained
independence from South Africa in
1990
• Area slightly smaller than the
province of British Columbia, Canada
and 1.5 times the area of France
• Population: 2.1 million people,
median age 21, 37% urban
• Capital city is Windhoek
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Country Details – Namibia
• BBB Country Risk Profile
(Source: The Economist, 2010)
• Main Industries: tourism, mining,
fishing and ranching
• Inflation rate, roughly 8% (2009 est.)
• GDP US$13.6 billion (2008)
• Existing multinationals in country:
Petrobras, Anglo-American, Areva,
DeBeers, RioTinto, Paladin, Tullow,
Gazprom, BHP Billiton, and PetroSA
• Offshore petroleum fiscal regime:
35% federal tax and flat 5% royalty

5. Offshore Leases – Namibia and South Africa
Namibia
Arcadia Petroleum
Chariot/Enigma
Chariot/Petrobras
Labrea
Namcor
UNX Energy
South Africa
BHP-Billiton
Forest
PetroSA
Shell
Namibia
South
Africa
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6. 6
90% WI Blocks: 2713A&B, 2815, 2816 & 2915
• Total area - 26,988 km2 (6,666,036 acres)
• UNX Operated - 90% working interest
• Large features mapped on Blocks 2713A
• NI 51-101 Prospective Resource - Block
2713A
• 2.39 Billion BOE unrisked,
• 567 Million BOE risked
Robust risked economics, supported by
sizeable resources, high probabilities of
success
• Adjacent to blocks currently being
explored by majors
• 2D seismic data purchased, 3D seismic
survey planned, looking to secure farm-out
partners
100 km

7. 7
40% WI Blocks: 2813A, 2814B & 2914A
2813A 2814B
2914A
• Total area - 15,382 km2 (3,799,354 acres)
• UNX - 40% working interest – partners are:
• HRT Oil & Gas (operator) – 40%
• Acarus Investments (Proprietary) Ltd. –
20% carried interest
Blocks are key to UNX’s regional land
position and strategic partnerships
• Partnership with HRT O&G provides:
• Access to the world’s leading geoscientists
on the South Atlantic Margin
• Accelerated data gathering, interpretation
and mapping
• Reduced net risk capital exposure
• Proven techniques to optimize the quality of
the data
• Comprehensive technical interpretation
• Adds data room flow from southern
hemisphere’s majors

8. 8
2.7% Carried Interest Blocks: 1711A&B
• Total gross area 8,903 km2 (2,199,041
acres)
• UNX - 2.7% non operated carried interest
• Kunene #1 well drilled and case to 5,050
metres
UNX holds carried interest in
possible gas discovery
• PetroAlliance (Subsidiary of Schlumberger)
has identified a potential gas zone of
interest in the Kunene well.
• License extended on April 5, 2010 for an
additional 2 years
100 km

9. Maximizing the Probability of Success
The Probability of Success (POS) on a well is a function of the following variables:
Reservoir a proper porous rock with adequate permeability and
porosity to allow for the accumulation and production of
hydrocarbons
Trap the hydrocarbons are buoyant and have to be trapped within
a structural (anticline, fault block) or stratigraphic trap
Source Rock a mature source and timing sequence of migration is also
critical as the trap must predate the migration
Seal Integrity an impermeable sealing zone, often a shale sequence,
which must also predate hydrocarbon migration and retain
integrity over time
UNX also benefits from the depth of experience in the South Atlantic Margin from:
HRT /IPEX significant and successful experience in the South Atlantic
Margin using investigative techniques that have proven
additive to the POS
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10. Reservoir

11. RESERVOIR – Historical Exploration Results
Kudu 9A-1 (2814A) 167m Chevron 1973 Orange 4536 mbKB
Gas & Oil
shows
good
sandstone
good good
Kudu 9A-2
Kudu 2
(2814A) 168m Swakor 1987 Orange 4505 mbKB
Gas & Oil
shows
poor
sandstone
good
stratigraphic
poor
Kudu 9A-3
Kudu 3
(2814A) 166m Swakor 1988 Orange 4522 mbKB
Gas & Oil
shows
good
sandstone
good good
Kudu - 4 2814A 176 m (MSL) Shell 1996 Orange 4719 mbKB
Gas & Oil
shows
good
sandstone
good good
2814/11-4
Kudu - 5
2814A 162.9m (MSL) Shell 1998 Orange 4898 mbKB
Gas & Oil
shows
good
sandstone
good good
2814/11-5
Kudu - 6
2814A 171m (MSL) Shell 2002 Orange
4725
Mahbdf
Gas & Oil
shows
good
sandstone
good
stratigraphic
poor
2814/7-2
Kudu - 7
2814A 179 m (MSL) Shell 2002 Orange 5275 mbKB
Gas & Oil
shows
good
sandstone
good
stratigraphic
poor
Kudu - 8
Kudu
Production
179 m Tullow 2007 Orange 4725m
Gas & Oil
shows
good
sandstone
good
stratigraphic
poor
1911/15-1 1911 489 m (MSL) Norsk Hydro 1994 Walvis 4586 mbKB
Oil shows in
core 4
good
carbonate
fair poor
1911/10-1 1911 631m (MSL) Norsk Hydro 1996 Walvis 4185 mbKB Oil shows
good
sandstone
fair poor
* 2012/13-1 2012 650m (MSL) Sasol 1995 Walvis 3712 mbKB Oil shows
good
sandstone
good poor
* 2213/16-1 2213 240m (MSL) Ranger Oil 1995 Walvis 2627 mbKB Oil shows
good
sandstone
poor poor
2313/?5-1
Shark 1
2313 ?? Shell 1998 Luderitz 2588 mbKB Oil shows
good
sandstone
poor poor
2513/8-1 2513 243m Norsk Hydro 1998 Luderitz 2423 mbKB
Oil shows in
core 1
good
sandstone
poor poor
2815/15-1 2815 177m (MSL) Chevron 1996 Orange 4751 mbKB
Gas & Oil
shows
tight
sandstone
fair
stratigraphic
poor
Field & Lab 2010
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12. The Gas-Condensate Petroleum
System from Kudu Field
Kudu
Existing wells all drilled on
shelf, where there is no trap
New wells need to target syn-rift
where proven source exists
below Barremian shale seal.
Turonian
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13. Seal & Trap

14. 14
TRAP & SEAL – Block 2713A,
Aptian/Barremian
• Aptian Structure Map
• Large potential area of closure
• Structure sealed by Barremian
(salt equivalent) shales

15. Source
Rock

16. Mello (2000)
BRAZIL
AFRICA
Proterozoic/Paleozoic
Paleozoic
Proterozoic/Paleozoic
Paleozoic
Namibia
• All wells drilled offshore
Namibia had oil shows,
(confirmed by biomarker
and diamondoid studies)
• This analysis confirms
identical age and rock type
to Brazil
SOURCE ROCK – Correlation:
Brazil to Africa
Marine Deltaic Tertiary
Lacustrine Saline Oil Type
Lacustrine
Brackish/Saline Oil Type
Sedimentary Basins
Marine Anoxic Albian-
Cenomanian
Espírito Santo
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17. SOURCE ROCK – Oil Seeps, Satellite
Surveys in the Orange Basin
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18. What is Our Probability of Success?
Reservoir sediment deposition moves from onshore to offshore
(east to west), and sediment quality volume is high
suggesting reservoir characteristics in deeper water
should be very good. Confirmed in well data and
inferred in seismic
Trap clear from seismic and petroleum model that trap
preceded petroleum migration. Trap also evident on
seismic
Source Rock source rocks in the South Atlantic margin are prolific.
Two source rocks confirmed in Namibia. Oil slicks, oil
samples extracted from the nearby Kudu gas field,
and oil stains in all offshore wells confirm presence of
mature and active petroleum system
Seal Integrity shale sequence is very thick in the deeper water (in
excess of 200 metres) and does not appear breached
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19. Block 2713A – Prospective Resource
Summary
Description P90 (Low Est.) P50 (Best Est.) P10 (High Est.) Mean Est.
Unrisked Recoverable Oil (bbl - 1000’s) 1,444,765 2,104,579 3,065,903 2,197,245
Unrisked Recoverable Solution Gas (BCF) 370.0 911.3 2,244.5 1,167.0
Risked Recoverable Oil (bbl - 1000’s) 342,577 499,029 726,974 521,002
Risked Recoverable Solution Gas (BCF) 88.4 217.6 536.0 278.7
Gross Unrisked BOE
(BOE - 1000’s, Gas to BOE at 6:1)
1,506,435 2,256,456 3,439,986 2,391,742
Gross Risked BOE
(BOE - 1000’s, Gas to BOE at 6:1)
357,305 535,301 816,314 567,452
Note: the numbers in the table are the statistical aggregate calculations presented in the
report. The full report should be reviewed and is available at www.sedar.com
Source: DeGolyer & MacNaughton (NI 51-101 Compliant)
D&M Estimate:
23.7% POS
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20. Of the Four Basins in Offshore Namibia, the
Orange Basin is of Great Interest and Potential
• Namibia’s only discovery to-date (Kudu), confirms many of the
geologic conditions required for success
• Petrobras farm-in on Chariot, being immediately east of the UXN
2713A Block
• Other oil and gas companies are active in the Orange Basin (Shell,
Tullow, Forest, Gazprom, Petrobras, BHP Billiton, and PetroSA).
• Kudu commercialization initiatives brings options to UNX (and
potential promoting partners) if gas is discovered
• On the shallow water margin, makes a gas discovery much more economic
• Proximity to Orange River is mitigating to POS risk, especially in
categories of seal and reservoir
• Reasonable well control and technical data as the majority of
wells drilled offshore Namibia are located in the Orange Basin
offsetting UNX land holdings
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21. UNX Strategy
Near-Term:
• Set-up data room for 2713A, 3D seismic acquisition
• Actively pursue farm out partners for both seismic acquisition and the drilling
of a well
• Implement further work programs, detailing the mapped features and adding
to prospect inventory
•Acquire 3D seismic during the first half of 2011
Mid-Term:
• Balance the Company’s risk profile
• Look for undercapitalized development/exploitation assets
• Continue to look for additional opportunities to add to prospect portfolio
Long-Term:
• Develop a company that delivers high level of economic growth through
prudent capital allocation resulting in superior economic returns
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22. Catalysts
• HRT IPO
• Globally respected company will be marketing the substantial oil potential of Namibia
• Data room process for 2713A (prior to YE 2010)
• Petrobras presence at 2714A (immediately east of 2713A)
• Potential well in 2011
• Independent resource reports on other blocks, including an update on 2713A
• Award of farmout of 2713A in 2011
• 3D seismic programs to be acquired on 2713A and PEL 2815 in 2011
• Further corporate hiring of strategic technical people
• Finalization by Tollow Oil of commercialization plans for the Kudu gas project
• Additional massive oil discoveries in the South Atlantic Margin offshore Africa and
South America
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23. Senior Management Team
Gabriel Ollivier, Director, President and CEO
• Former Managing Partner and Institutional Salesman at Paradigm Capital Inc., and former Partner and Institutional Equity Salesman at
Cormark Securities Inc.
• Over 10 years of senior management experience in the oil and gas industry with Canadian Hunter Exploration Ltd, Crestar Energy Inc. and
Murphy Oil Company Ltd.
Maria Elliott, Vice-President, Finance, & CFO
• Over 17 years of finance and financial reporting expertise specific to oil and gas
• Set up reporting systems, banking arrangements, internal controls, etc., in many international jurisdictions for activities specific to oil and gas
exploration, development, and production
• Former Chief Internal Auditor, and Controller of Sherritt International, a major producing company in Cuba
Brad Holub, Chief Operating Officer
• More than 15 years experience in the energy sector as a professional engineer
• Most recently held a senior management position with Sherritt International, managing all aspects of operations including production, facilities,
drilling, supply chain, IT and field work
• Has developed and driven numerous key strategic initiatives as well as operational optimization and efficiency projects
Curtis Evert, Vice President Exploration and New Ventures
• 25 years of experience as a professional geologist in the energy sector
• Extensive experience in international oil and gas exploration and development, and an in-depth understanding of offshore drilling and field
development
• Previous management roles with Marathon Canada, Sherritt International Corporation, and most recently managed several large offshore
deepwater discoveries made by Husky Energy Corporation in the South China Sea
Mark Monaghan, Director & Executive Director, Business Development
• Over 17 years of institutional equities and public company experience
• Experience in corporate finance, corporate development, merchant banking, executive management and board appointments
• Most recently was President of Quest Securities, with previous senior roles at TD Securities, Deacon Capital, CT Securities, and has also been
a strategic advisor to several publicly listed companies
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24. Non-Executive Directors
Duane Parnham, Chairman
• Founder of Forsys Metals Corp – Namibia-based resource company
• Extensive experience working in Namibia
• Strong relationships and expertise earned over a 24-year career in the areas of: government relations, capital markets
and corporate management
Michael Black, Director
• Partner at Fasken Martineau DuMoulin LLP
• Extensive legal experience in the energy sector, ranging from negotiation and drafting of international joint operating
and joint venture agreements, negotiation and execution of resource-based transactions, and other legal and
commercial matters specific to international jurisdictions
• In the past five years has led over 50 merger and acquisition deals
Mark Frewin, Director
• Partner at McCarthy Tetrault
• Extensive legal and commercial expertise and a particularly strong background in dealing with international law
• Experience in Africa, with specific knowledge of the legal environment in Namibia
Knowledge Katti, Director & CEO of Kunene Energy (Pty) Ltd
• Over 10 years of experience in national and international exploration and government activities
• Strong resource to the company in terms of deal flow and strategic partnerships
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25. Non-Executive Directors
Donald Sharpe, Director
• Over 25 years experience as a professional geophysicist
• Started and developed his career at Suncor Energy prior to managing and serving as director of a
number of successful start-up companies including Gemini Energy Inc. and Velvet Exploration Inc.
Keith Turnbull, CA, Director
• Retired from KPMG as part of the accounting firm’s 12-member executive management team
• 38 year career in public practice including involvement in emerging international energy companies
• Wide range of experience including financial reporting, taxation planning, corporate governance, internal controls,
auditing, public disclosure and other assignments specific to oil and gas companies
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26. Summary
• Exploring for sizeable oil targets, appealing to majors looking for new projects
• Extensive land holdings – 51,273 gross km2 (net 30,683) of exploration and carried
interests
• Mirror image to offshore Brazil (world’s biggest crude oil discoveries in past 30
years)
• Angola (Namibia’s neighbour to the north) is Africa’s largest oil producer with
offshore reserves totalling in excess of 9 billion barrels
• Probabilities of success - higher than normal
• Certifiable potential resource for Block 2713A
• Strategic partnership with HRT Oil & Gas
• Near-term intentions for data room process on Block 2713A
• Strong management team and Board of Directors
• Block 1711 – potential hydrocarbon system identified with 2.7% carried interest
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27. Corporate Data
Symbol North America - TSXV: UNX
Europe - Frankfurt:3U2A
USA - OTC Pinksheets: UPWRF
Share Price $3.97 (October 28, 2010)
Shares Issued & Outstanding 111,105,032
Fully Diluted 118,280,032
Cash on Hand $54 Million
Head Office Calgary, Alberta
Transfer Agent Computershare Trust of Canada
Legal Counsel McCarthy Tetrault, Calgary, AB
Auditor KPMG, Calgary, AB
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28. Contacts
Heidi Christensen Brown, Investor Relations
Telephone: (403) 218 2833
Email: hchristensenbrown@equicomgroup.com
David Feick, Investor Relations
Telephone: (403) 218 2839
Email: dfeick@equicomgroup.com
Maria Elliott, Vice President, Finance and CFO
Telephone: (403) 984-6430
Email: maria.elliott@unxenergy.com
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