INVESTOR PRESENTATIONFEBRUARY 2016

A Neodymium magnet is the most widely used and strongest type of permanent, rare-earth magnet commercially available

Revolutionizing Pump Technology

TSXV: DVG

This Corporate Presentation contains certain forward-looking statements and forward-looking information (collectively referred toherein as “forward-looking statements”) within the meaning of applicable securities laws. All statements other than statements ofpresent or historical fact are forward-looking statements. Forward-looking information is often, but not always, identified by the useof words such as “could”, “should”, “can”, “anticipate”, “expect”, “believe”, “will”, “may”, “projected”, “sustain”, “continues”,“strategy”, “potential”, “projects”, “grow”, “take advantage”, “estimate”, “well positioned” or similar words suggesting futureoutcomes. In particular, this Corporate Presentation contains forward-looking statements relating to future opportunities, businessstrategies and competitive advantages. The forward-looking statements regarding the Company are based on certain keyexpectations and assumptions of the Company concerning anticipated financial performance, business prospects, strategies, thesufficiency of budgeted capital expenditures in carrying out planned activities, the availability and cost of labour and services andthe ability to obtain financing on acceptable terms, all of which are subject to change based on market conditions and potentialtiming delays. Although management of the Company consider these assumptions to be reasonable based on information currentlyavailable to them, they may prove to be incorrect.

By their very nature, forward-looking statements involve inherent risks and uncertainties (both general and specific) and risks thatforward-looking statements will not be achieved. Undue reliance should not be placed on forward-looking statements, as a numberof important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations andanticipations, estimates and intentions expressed in the forward-looking statements, including among other things: inability tomeet current and future obligations; inability to implement the Company’s business strategy effectively in Canada, Mexico and theUnited States; inability of the Company to continue meet the listing requirements of the TSX Venture Exchange; general economicand market factors, including business competition, changes in government regulations; access to capital markets; interest andcurrency exchange rates; technological developments; general political and social uncertainties; lack of insurance; delay or failure toreceive board or regulatory approvals; changes in legislation; timing and availability of external financing on acceptable terms; andlack of qualified, skilled labour or loss of key individuals.

Readers are cautioned that the foregoing list is not exhaustive.

The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. Theforward-looking statements included in this Corporate Presentation are made as of the date of this Corporate Presentation and theCompany does not undertake and is not obligated to publicly update such forward-looking statements to reflect new information,subsequent events or otherwise unless so required by applicable securities laws.

High-growth, publicly-traded technology firm (TSXV: DVG)

Advancing innovative Artificial Lift systems for the oil & gas industry:

– Revolutionary Electromagnetic Submersible Pump

– Alternative to traditional pump jack

– Powered by a permanent magnet motor(1)

– Offers lower costs, reduced maintenance and minimal environmental footprint

– Pump installed in client oil well in SE Saskatchewan Jan, 2016

– Commercialization anticipated in 2016, initially in Western Canada

Existing cash flow positive business unit in Gillette, WY

– Conventional electric submersible pumps (ESP):

– Increasing market share

– Improved gross margins year-over-year(2)

Near-term catalysts as the next generation Electromagnetic Pump nears commercialization

(1) Referred to as a Linear Motor in the permanent magnet motor industry.(2) Footnotes included in Appendix as endnotes

Mission: “Changing the way clients produce energy”

Market cap as at Mar 4 ‘16

*Gillette, WY - Powder River Basin gas wells; based on internal estimates

9 Years in business

25 Employees

0 Safety incidents YTDESP Supplier*1#

Insider Owned5.6%

TSXV: DVG $0.19 - $0.54 $28.4MM 94.8MM52 week range Shares outstanding

The Pump

• Near commercialization with no immediate competition

• Lower capital cost and operating cost when compared with pump jacks

The Market

• Nearly 20,000 Oil wells (Bakken, Shaunavon, Cardium, Viking, Niobrara, etc.) where pump jacks areused to produce oil have been identified as candidates

• In Canada alone, 90% of all new wells are drilled for oil and 88% of all new wells are drilledhorizontally

• 750,000 pump jacks already in use in North America

The Opportunity

• Exposure to a high growth company with pivotal operational catalysts on the horizon

• Agreement in place with large oil company and first commercial version of the Pump installedJanuary, 2016

• Ongoing discussions with other clients to install additional Electromagnetic Pumps

Increases in directional drilling, and horizontal wells in particular, have created new challenges:

• Bends in the well create points of contact between the rod string and the production tubing;

• Rod string suffers excessive wear as it cycles up and down 3 million times per year, leading toeventual failure of the rods and occasionally the production tubing;

• Limited advancements in pumping technology are creating rising costs to produce oil.

Critical points of contact in oil wells that

result in excessive wear and eventual failure of rod

strings.

The Linear Pump:

No immediate competition for this technology

Reciprocating pump is a modified industry standard rod-pump

Powered by permanent magnet motor - magnets lose only 1% of magnetism over 10 year period

No external moving parts; everything moves internally in the Pump housing

2nd Generation Pump improved with 25% more power & 50% less friction than prototypes

Ideal for light oil, shallow horizontal wells - can be set inside the horizontal section in a well

The Linear Pump effectively:

Eliminates surface lifting equipment (pump jack)

Smaller footprint means reduced construction costs, lower environmental impact, and lower impact on farming and ranching.

Eliminates sucker rods

Worn and broken sucker rods can cost clients up to $153,000(2) annually to maintain, including the oil not being produced during failures.

Eliminates leaking wellheads

Wellheads typically leak oil at the ‘stuffing box’ (the seal around the sucker rod). This is a chronic environmental issue with pump jack operations.

(2) Footnotes included in Appendix as endnotes

• Low cost manufacturing, attractive margins, and ability to quickly scale-up

• Simple installation in the field & limited maintenance required for producers

• Compelling in oil price downturn - lower cost installation and maintenance compared

to pump jacks

• Divergent’s management team has hands-on experience building companies and

generating value for owners; supported by strong and committed board

7,500candidate wells identified

in Saskatchewan

9,500candidate wells identified

in North Dakota

Viking, Cardium, Slave Point Bakken, Viking,

Shaunavon, Spearfish

UintaBasin

Niobrara, Powder River Basin

Poza Rica

Initial Target Markets in North America

*Source: Internal Estimates of ESP Products & Services for dewatering Powder River Basin gas wells

2013 2014 2015

Mar

ket

Shar

e

Divergent Competitor 1 Competitor 2 Competitor 3

Divergent’s Wyoming Electric Submersible Pump (ESP) operation is…

Cash flow positive for the past 11 consecutive quarters

Improved gross margins year-over-year despite market conditions(1)

Exceeding expected activity levels during the current industry slowdown

Largest Provider* of ESP’s for gas producers in the Powder River Basin

Increasing market share each quarter

(1) Footnotes included in Appendix as endnotes

Results of Linear Pump performance

Continue operations in Wyoming and potential introduction of the Linear Pump in Powder River Basin

Continued business development to operators in other oil fields

Agreements with additional new operators to test and install the Linear Pump

Expansion of Linear Pump inventory based on increased client demand

Clear line of sight to profitability

Pump Results

Pump Orders Increase

Pump Lands in SKStaging Yard

Pump Installed

Commercialization & Ramp Up

2015

2016 & Beyond

DebentureResolution

Pump Testing by Additional Clients

Client Base Expansion

PUMP

MARKET

OPPORTUNITY

• Approaching commercialization

• Cost-effective & efficient

• Low environmental footprint

• All horizontal oil plays will need artificial lift

• Sizeable & growing target market (7,500wells in SK & 9,500 in ND)

• Application in other basins & plays globally

• Significant near-term catalysts

• First commercial version of Linear Pumpinstalled Jan 2016

• Agreement with large oil company + discussions ongoing with others

Divergent Energy Services Corp.Corporate Office

1170, 800 – 6th Ave SWCalgary Alberta T2P 3G3

T: 403.543.0060F: 403.543.0069

www.divergentenergyservices.com

Changing the way clients produce energy

TSXV: DVG

APPENDICES

1. The Linear Pump uses a modified industry standard reciprocating pump currently used with pump jacks, known as a rod pump.The pump is driven by an electromagnetic motor that uses permanent magnets to create thrust to move the shaft of the motor ina reciprocating, or linear, motion. Permanent magnets maintain their strength almost indefinitely, losing approximately 1% oftheir strength every 10 years.

2. Gross Margins improved to 30% from 23% in the nine months ended in 2015 and 2014 respectively.

3. Annual Rod Pump Cost Assumptions:• Rod Strings $20 per meter;• 10% of string replaced after a failure event;• Service Rig $12,000 per day, 2 days per failure event;• 5 days lost production per rod failure;• rod string failure rate of 4 failures annually.• Oil price of $45/bbl and production rate of 50 bbl/day;

Current Technology Drawbacks Linear Pump Benefits

Surface lifting equipment (Pump Jack) has a high capital cost and requires a large footprint

The submersible pump has a lower capital cost, reduces construction costs due to no surface lifting equipment

Rod strings in deviated and horizontal wells cause excessive wear due to rubbing against the tubing

No external moving parts means that the Linear Pump can be placed in deviated and horizontal wells as easily as vertical wells

Rods strings wear from the 3,000,000 annual up/down cycles, which can cost up to $168,000(3)

annually to maintain, including the oil not being produced during failures

No rod string, no external moving parts. Everything moves internally in the Pump housing

Mechanical inefficiencies and variable power draw can lead to high electricity costs

Permanent magnet motors run on low Amps with no mechanical gears to reduce efficiency

Leaking wellheads around the rod (from the “stuffing box”) is common

Seal not an issue - no moving parts exit the wellhead

* The Pumpjack was invented in 1925 by Walter Trout, an employee of Lufkin Foundry and Machine

Electro-Magnetic Submersible Pump (The Pump)Permanent magnet motor technology.

Reciprocating pump (similar to rod pumps).Ideally suited for deviated and horizontal oil wells.

An alternative to conventional pump jack installations.

Electric Submersible Pump (ESP)Conventional pump technology.

Rotating pump with multiple impellers.Pumps moderate to high volumes of fluids.

24 m3/d (150 bbl/d) to 24,600 m3/d (150,000 bbl/d).

Electric Submersible Progressing Cavity PumpAlso called screw or Moineau pumps.

Heavy oil, high sand production, gassy wells.Now deployed as a submersible pump system.

Eliminates surface motors and costly rod string wear.

Nine Months Ended September 30

2015 2014 % Change

Revenue $3,799 $4,773 (20%)

Gross Profit $1,315 $1,510 (13%)

Net Earnings (Loss) ($4,430) ($3,569) (24%)

Earnings (Loss) per share- Basic and Diluted ($0.04) ($0.04)

Three Months Ended September 30

2015 2014 % Change

Revenue $1,192 $1,698 (30%)

Gross Profit $321 $428 (25%)

Net Earnings (Loss) ($882) ($1,438) (39%)

Earnings (Loss) per share- Basic and Diluted ($0.01) ($0.01)

Comparative Results: All amounts in USD thousands, except per share amounts and as noted.

As at September 30, 2015

Cash and Cash Equivalents $287

Property, Equipment and Trademark $751

Debentures (in CAD, due December 31, 2015) $5,750

As at March 4, 2016

Shares 94,848,820

Warrants 7,725,000

Options 6,800,000

Fully Diluted 109,373,820

Market Cap. ($CAD) $28.4 million

All amounts in USD thousands, except per share amounts and as noted.

Ken Berg – President & CEOPrevious - Sanjel, Amoco Petroleum, Dome Petroleum

Scott Hamilton, CA – CFO & Corporate SecretaryPrevious - Solana Resources, Crossfire Energy Services, Inc., Brahma Compression Ltd.

Management Team Board of Directors

Management team brings decades of experience in the energy services arena

Background of the team ideal to move product to commercialization and capture ongoing market share from existing and outdated pump jack technology

Alignment with shareholders and strong corporate governance

Scott Berry – ChairmanPast Executive Director of Empowering Minds

Kenneth BaganDirector of Trican Well Services, past Director of PSAC, Member ICD

John GrisdalePast President of CanAir Nitrogen; Past President of US Division, Calfrac

Martin HallDirector of Karnalyte; Past Sr VP Finance & CFO of Tesco Corporation

Robert RieckenVP Drilling, Completions, Construction, and Supply Chain, Repsol

Ken BergPresident & CEO, Divergent

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2013 20152014

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Aug 2014:Q2 results + 5

DVG Pumps

ready to ship to

Canada. New BD

Manager hired

Dec 2014: Extends maturity

of outstanding

debentures to

Dec 31, 2015

Aug 2015:Q2 Results reported;

WY activity levels &

market share beat

estimates

Dec 2013:$5MM Debenture Issue

Announced

June 2015Ops update +

SK operations

facility identified

Dec 2013:Revocation of Cease Trade Order &

resumption of trading after

management’s concerns resolved

Mar 2014:Final tranche of Debenture

($597k); total gross proceeds of

$5.75MM

Jun 2014:Shareholders approve name

change to Divergent (previously

Canadian Oilfield Solutions Corp)

Dec 2014:Signed 3 year extension to exclusive

rights to Linear Motor technology with

manufacturer

Feb 2015:Signed 5 year service

agreement for Linear Pump

with large oil company; 1st

candidate well identified

Mar 2015:DVG Pump test

commences

New management requests a Cease Trade Order to address disclosure concerns in previously released financial statements.

2016

Jan 2016: DVG Pump

installed in client oil

well in SE SK

Nov 2015: DVG Pump lands

in SK for client

installation

Dec 2015: Debentures extended to

Dec 2017, and amended

to allow interest

payments in shares

Feb 2016: DVG Announces

$550k Private

Placement

Divergent Energy Services Corp.Corporate Office

1170, 800 – 6th Ave SWCalgary Alberta T2P 3G3

T: 403.543.0060F: 403.543.0069

www.divergentenergyservices.comTSX-V: DVG

Changing the way clients produce energy