Cycle Energy Corp.

Investor Brief

March 2023

Forward Looking Statements

Certain statements and other information included in this presentation, constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws (such statements are often accompanied by words such as "anticipate", “forecast”, "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). All statements in this document, other than those relating to historical information or current conditions, are forward-looking statements, including, but not limited to: Cycle Energy’s business strategies, plans, prospects and opportunities; expectations regarding our growth and capital allocation intentions and strategies; capital spending expectations for 2022; expectations regarding our environmental, social and governance (ESG) performance, expectations regarding performance of our operating segments in 2022 and beyond, including market conditions for 2022 and beyond, and the anticipated supply and demand for our products and services, expected market and industry conditions with respect to oil and gas prices; and acquisitions and divestitures including the synergies expected in connection therewith. These forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such forward-looking statements. As such, undue reliance should not be placed on these forward-looking statements. All of the forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions referred to below and elsewhere in this document. Although we believe that these assumptions are reasonable, having regard to our experience and our perception of historical trends, this list is not exhaustive of the factors that may affect any of the forward-looking statements and the reader should not place an undue reliance on these assumptions and such forward-looking statements. Current conditions, economic and otherwise, render assumptions, although reasonable when made, subject to greater uncertainty. The additional key assumptions that have been made include, among other things, assumptions with respect to our ability to successfully complete, integrate and realize the anticipated benefits of future acquisitions and divestitures, and that we will be able to implement our standards, controls, procedures and policies in respect of any acquired businesses to realize the expected synergies; that future business, regulatory and industry conditions will be within the parameters expected by Cycle Energy, including with respect to prices, margins, demand, supply, product availability, supplier agreements, availability and cost of labor and interest, exchange and effective tax rates; assumptions with respect to global economic conditions and the accuracy of our market outlook expectations for 2022 and in the future; our expectations regarding the impacts, direct and indirect, of the COVID-19 pandemic on our business, customers, business partners, employees, supply chain, other stakeholders and the overall economy; the adequacy of our cash generated from operations and our ability to access our credit facilities or capital markets for additional sources of financing; and our ability to identify suitable candidates for acquisitions and divestitures and negotiate acceptable terms. Events or circumstances that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: general global economic, market and business conditions; failure to complete announced and future acquisitions or divestitures at all or on the expected terms and within the expected timeline; the supply and demand and price levels for our products; governmental and regulatory requirements and actions by governmental authorities, including changes in government, changes in environmental, tax and other laws or regulations and the interpretation thereof; political risks; the occurrence of a major environmental or safety incident; and any significant impairment of the carrying amount of certain assets. This presentation contains certain information which constitutes "financial outlook" and "future-oriented financial information" under applicable Canadian securities the purpose of which is to assist readers in understanding our expected and targeted financial results, and this information may not be appropriate for other purposes. The forward-looking statements in this presentation are made as of the date hereof and Cycle Energy disclaims any intention or obligation to update or revise any forward-looking statements in this document as a result of new information or future events, except as may be required under applicable US federal securities laws or applicable Canadian securities legislation.

Corporate Background

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• Cycle Energy Corp is a unique energy provider that operates three vertically integrated business units. We have created a vertically integrated company where each business unit creates value and adds support to the other.

Our E&P company that is a licensed operator in the USA, specifically Texas, Oklahoma, and Kansas. Our E&P arm is focused on acquiring neglected and distressed properties with upside potential.

Provides baseline and predictable cash flow stream from third party abandonment and environmental reclamation services and provides ongoing support to our E&P division with well services.

Our Flagship technology is our mobile GTL (gas to liquid) system currently in pilot plant stage. This technology uses internal production of gas and adds value by turning it into valuable chemicals and C5+ hydrocarbons as a 3-4x multiple.

Cycle Oil and Gas

Cycle Energy Services

Cycle Energy Technologies

Mission

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Cycle Energy is committed to:

• Sustainability
• Responsible Carbon Management
• Life Cycle Stewardship
• Environmentally Responsibility
• Regulatory Compliance
• Community

Carbon Cycle

Sustainability

Life Cycle

Cycle Organization Chart

Cycle Energy Corp.

Cycle Hydrocarbon Technologies

Cycle Oil & Gas Inc.

Cycle Energy Services

American International Holdings Corp.

US Public Company

OTCQB:AMIH

Business Strategy

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Acquire mature, proven, producing assets that are currently neglected or distressed

Focus on Fort Worth Basin – North Texas and Oklahoma

Extract value by leveraging Cycle Energy’s Service expertise

Use cash flow to fund further R&D of proprietary mobile Gas to Liquids technology

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Leadership

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Michael McLaren MSc. MBA – Chief Executive Officer (CEO)

Mike has been in the Energy industry for more than 30 years. His past experience includes a number of Military and Energy projects. Mr. McLaren has been the developer and Patent holder of the Cycle Energy since it’s inception. Mr. McLaren has a Master’s Degree in Science and a Master’s Degree in Business from the University of British Columbia. Mr. McLaren wrote, together with Dr. Olev Trass, several publications on Selective Oil Agglomeration for Ecological Benefits, Coal Water Oil Fuel (CWF), and the preparation of various fuels for clean coal energy. He currently serves as CEO & Founding Shareholder of Cycle Energy Ltd. He also has extensive experience in operating E&P companies, Field service and negotiating M&A opportunities.

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Jim Pendergast BA, MBA Chief Financial Officer (CFO)

Senior executive with over 25 years of corporate finance and business leadership experience. Mr. Pendergast has a proven track record in corporate restructuring, arranging debt facilities and completing equity financing. He previously led major business development initiatives that substantially changed the organizations he was with, including transformative acquisitions, major greenfield investments and strategic partnerships. He brings to Cycle Energy an extensive background in Treasury, Strategic Planning and Investor Relations in large publicly-traded organizations. He also has Board of Director experience and a depth of expertise on Corporate Governance matters. His background includes senior financial roles in NYSE and TSX traded companies.

Leadership

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William Duncan, Director - Business Development.

Bill has over 25 years of experience in international business development, gaining the reputation as the “Go-To-Guy” in problem solving, for the execution of challenging projects and in serving as the primary liaison for investors, partners and clients. His expertise is in recognizing value in business opportunities and in bringing the right investors to these projects. His background in deal making includes the oil & gas industry, mining operations, waste disposal businesses, renewable energy projects, agricultural processing facilities and oil field equipment supply. He has lived and worked all over the world, including Africa, the Middle East and South America.

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Gary Giles G&F Oil – Board Member.

Gary started in the oil business in 1982 with his father and former partner Dave Ferguson by creating G&F Oil (“Giles & Ferguson”) during the boom in oil pricing. He became the sole owner of G&F Oil in 1984 after acquiring Ferguson’s half of the company. Gary transitioned to E&P in the late 80s when many other companies went under due to a fall in oil pricing and drilled his first 2 wells in 1987. Since then, Gary has been consistently drilling new wells while operating around 125 wells in the Fort Worth Basin. He helped many other startup companies drill and complete wells across the Fort Worth Basin. In 2014 Gary began drilling Marble Falls formation wells. During that time, he successfully drilled and completed 52 of 52 wells without seeing a dry hole. Gary has drilled over 100+ wells across the Fort Worth Basin over his career with a 95+% success rate.

Leadership

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Josh Miller OAG Consulting inc. - Operations Texas.

Josh has over 12 years of experience in oil & gas production, construction, maintenance and environmental controls, having built a successful consulting career working with multiple large E&P companies between the Bakken and Permian Basins. His background includes extensive experience in facility construction, facility maintenance, emission and regulatory implementation. Josh has a long history of field management & leadership experience and has been instrumental in getting Cycles operations started in the U.S.

Cycle Oil & Gas (Texas)

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• Cycle Oil and Gas is focused on acquiring & optimizing underdeveloped oil & gas assets and employs in-house developed & licensed technologies to increase production, optimize performance & reduce costs of conventional oil and gas fields
• Current production is 25 bpd. In July 2022, Cycle acquired Triple “S” Gas & Ray Loveless Enterprises in Wichita & Wilbarger counties.
• Cycle has an extensive catalog of workover candidates with over 125 shallow vertical wells producing from the Gunsite & Cisco sand formations
• Cycles wells range from 300’ to 2000’ deep allowing for quick & inexpensive workovers.
• Cycle holds deeper rights on multiple leases and have hired a seasoned geologist in the area to help identify drilling targets such as the K.M.A, Ellenburger and Lower Gunsite.
• Having access to our own field and environmental equipment as well as enhancement and optimization technologies, gives us a strong advantage over traditional oil and gas players who have to hire field or abandonment services at a substantial premiums to the basic cost model.
• Given the company’s low operations cost, Cycle O&G is also able to take on distressed assets that larger companies may feel are “not worth the work”.

Cycle Energy Services

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• Cycle Energy Services supports Cycle Energy Oil and Gas business plan through providing services that would otherwise be to costly and not financially viable for a turn around project.�
• Cycle Energy Services owns and operates a fleet of wireline and service rigs as well as Pressure trucks and Hydrovac Units. The focus of Cycle Energy Services is primarily end of life abandonment and reclamation of non-producing assets.�
• Cycle Energy Services performs TCP, completions, Gamma and Cement Bond logging, the core business is and has been abandonment services over the last few years. Our fleet of 2 wireline mast units as well as our newest additions 2 combo service rigs are ideal for abandonment work, both routine and non-routine abandonments.

Service Equipment

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• 2 Combo Tri/A Service/Wireline Rigs
• Pressure/Hydrovac Truck
• Assorted support vehicles

2023 Outlook for Texas Ops

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• Cycle has over 40 low cost shallow workovers planned through the use of monthly cash flow. Production is anticipated to increase to over 75 BPD. Cycle owns on average a 77%NRI on existing properties.
• Cycle plans to drill a minimum of 5 shallow wells on its Hodges lease which it holds a 87.5% NRI. New drill IP rates expected between 40-50 BPD per well.
• Cycle is currently consulting with a local Geologist to create a drilling program for 2023.
• U.S. Ops expected 2023 revenue is $2,750,000; expected 2023 operating income is $1,900,000 U.S.
• U.S. Ops expected 2022 revenue is $125,000; expected 2022 operating income is $20,000 U.S.

Acquisition Highlights

Expand properties around Electra, Texas

• Expand TRRC(Texas Railroad Commission) bond to $250,000 for unlimited licenses.
• Identified several underdeveloped candidates ranging from 100-500,000 in purchase price
• Cycle intends to acquire 1-2 undeveloped candidate per year within the following Texas counties subject to available capital.
• Wichita
• Wilbarger
• Baylor
• Young
• Archer
• Throckmorton
• Stephens

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Caron Cycle

Life Cycle

ESG and Economic Benefits

Economic Benefits

• Cycle is an equal opportunity employer and guarantees a living wage to all employees and contractors.
• What is a living wage: A living wage is defined as the minimum income necessary for a worker to meet their basic needs.
• Cycles local first approach guarantees our local communities are benefiting from Cycles operations in the area.
• Typically Cycles target acquisition areas are in local economically impacted communities as larger producers have “moved on” for bigger opportunities. Cycle’s operations reenergize the local economy not only by bringing production back online but injecting capital into the area for supplies, contractors and local employment and ultimately tax dollars.

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What is ESG

• Environmental, social, and corporate governance, also known as environmental, social, governance, is a framework designed to be embedded into an organization's strategy that considers the needs and ways in which to generate value for all organizational stakeholders.
• Cycle has a long history in Canada working to empower indigenous communities as well as economically impacted communities.
• Cycles commitment to local economic sustainability and environmental stewardship is at the core of the company's mission.

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Cycle Energy Technologies.

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• Gas to condensate (Mobile GTL system)
• Heavy oil enhancement unit
• Plasma pulse well stimulation technology
• IOT Shallow well management system
• Well re-entry system extended drill for lower zones within 4.5 inch casing

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Contact Information

Cycle Energy Corp.

205 S Bailey Street

Electra, Texas 76360

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Michael McLaren, CEO Email: mikem@cyclenrgy.com Phone: 940-205-1257