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Proteum’s Technology O ers Commercial                    Strategic Partnerships in Play:
            Scale Production and Meets Carbon Tax
            Credit Thresholds                                        •  Joint development of pilot plant with
                                                                       international O&G trading and clean
            •  Renewable  Clean Hydrogen Base Unit:                    energy company (in specification)
              - 19 TPD to 100 TPD H2                                 •  Joint Development Agreement with
              -  Low cost/Low CI H2                                    large mid- stream operator (in                                                                                                                                   ®
            •  Clean Non-Renewable Hydrogen Base Unit:                  negotiation)
              - 15 TPD to 250 TPD
              - Up to ~5,900 MMBtu of methane/unit per day           •  Binding MOU for hydrogen production
              - Lower carbon intensity than SMR and many               and o take in Texas                                                                Clean Hydrogen  |  Low Emissions Fuel  |  Carbon Sequestration
                “green” hydrogen production technologies             •  LOI for production of renewable clean

            •  Can be scaled to qualify for 45Q carbon credits         hydrogen with CSS in California
              (100,000 MT/year of CO2) to generate $4.1MM
              -$5.4MM in annual CO2 tax credits or more







            Capex
           •  Base unit total installed cost capex $23.7MM
             (depending upon configuration)
           •  Lower capex  per kg H2 than SMR                                                                                                   Clean Hydrogen



            Strategic Investment Opportunities
           •  Project financing: ~ $30MM-$100MM project                                                                                                   with SnMR                                             TM
             financing or special purpose vehicle,
             depending upon project
           •  Equity: Strategic investment potential












                                                                                            ®



                                          Clean Hydrogen  |  Low Emissions Fuel  |  Carbon Sequestration


                                                        Contact:

                          Larry Tree - President / CEO                Terry Kennon – EVP / CTO
                        larry.tree@proteumenergy.com              terry.kennon@proteumenergy.com
                                 602-999-8207                                602-370-2495



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