LakeExtract.

| Submersible Extraction Unit

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To enable solidified bitumen to be extracted tram the bottom of lakes, in liquid form, we have designed and applied for patent coverage on our totally submersible extraction system. The heater & drive unit can be totally submerged in the bitumen which heats the semi solid bitumen until it is sufficiently liquified to be pumped out. This enables the bitumen to be packed for distribution at the lake side alleviating the need to truck bitumen excavated in cold form, to a melting unit.

| The Guanoco Lake, Venezuela

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The massive Guanaoco lake project in Venezuela, known as the black treasure of South America, is estimated to contain 75 million tons of Bitumen with a value of approx. $22.5 Billion. Eastern Petroleum is in negotiations to utilize our newly developed extraction and packing technologies to recover the bitumen, pack and market the recovered material in an environmentally friendly manner. This project is urgent as the ever increasing lake, fed naturally from under ground, is coming very close to the river supplying fresh water to the local communities. Please refer to investment opportunities.