Pulse Oil Corp. provided the following operational update, including information on new well drilling results from the Company's Queenstown property as well as a re-activation /EOR implementation update from Pulse's Bigoray property. Queenstown: As reported Dec. 18th, 2018 and Jan. 2nd, 2019, Pulse recently completed the drilling and fracture stimulation of the Company's first two new wells. The wells targeted newly defined 3-D seismic lithic sandstone channels, which are the highest quality reservoirs within the Mannville Channel play of Southern Alberta. The two wells drilled 1200m and 1276m of horizontal lithic channel play and were fracked with 15 and 18 stages, respectively. All fracks were placed successfully and flowback of frack fluid and hydrocarbons were initiated immediately using a service rig. Once enough frack fluid had either been pumped or flowed naturally from the two wells (approximately 15% of total frack fluid pumped), and oil cuts had climbed steadily to approximately 25-35%, the decision was made to shut the wells in and begin permanent facility and pipeline construction immediately to prepare the wells for fulltime production. Bigoray: As reported Nov. 28th, 2018, Pulse's contracted technical consultants have completed Phase Two of the Bigoray Enhanced Oil Recovery (EOR) Modelling Project and have now simulated various solvent injection scenarios as part of the final Phase (Phase III) of the project due for completion shortly. The detailed Phase II work by Pulse's independent EOR contractor, as well as Pulse's internal qualified reserve evaluators, has led to an increase of 43.9% of the previously disclosed best estimate for discovered petroleum initially in-place prepared by Sproule Associates Limited, an independent qualified reserves evaluator, with an effective date of December 6, 2017. Included in this increase are newly identified reservoir areas surrounding the two Nisku pools which were likely unaffected by the primary waterflood production scheme.