TSX: FAR

A GLOBAL LEADER IN MINERAL DRILLING SERVICES

TSX: FAR

TABLE OF CONTENTS – Slide #

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3. Forward Looking Statements 4. Key Takeaways – Points 1 to 4 5. Foraco Market Profile (as of March 3, 2015) 6. Tracking Stock Performance (as of March 3, 2015) 7. Key Takeaway - Point 1 - Global Mineral & Water Driller 8. Strong & Experienced Management Team 9. Global Reach 10. Skilled People Based Business 11. Versatile and Modern Drill Fleet 12. Delivering Drilling Solutions (Stages of the Mine Life Cycle) 13. Competitive Landscape (Global Mineral Rig Counts) 14. Consistent Strategy (Focus on Leveraging our Position) 15. Key Takeaway - Point 2 – Diversified by Commodity & Geography 16. Diversified Commodity Exposure (Revenue by Commodity Full Year 2014) 17. Expanding Geographic Coverage (Revenue by Region Full Year 2014) 18. Leveraging Strong Customer Relationships (Revenue by Customer Full Year 2014) 19. Key Takeaway - Point 3 – Financial Data 20. Selected Financials (Income Statement Actuals 2014, 2013, 2012) 21. Selected Financials (Balance Sheet 2014, 2013, 2012) 22. A Target Acquisition Strategy (2007 – Current) 23. Key Takeaway - Point 4 – Adapting to a Changing Market 24. Mineral Drilling Services Macro Environment 25. Adapting to a Changing Market 26. Compelling Investment Proposition 27. Contact Information 28. Analyst Coverage

TSX: FAR

Certain statements herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include, but are not limited to, statements or information with respect to: the business and development of the Company; the Company’s future business and strategies; and requirements for additional capital and future financing. Forward-looking statements or information also includes information contained in pro forma financial statements. Often, but not always, forward-looking statements or information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate” or “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, we have made numerous assumptions including among other things, the assumptions made in connection with the preparation of the pro forma financial statements. Although our management believes that the assumptions made and the expectations represented by such statement or information are reasonable, there can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Readers should also refer to the Company’s Annual Information Form for the year ended December 31, 2013 and the Company’s most recent Management Discussion and Analysis and the risk factors discussed in such documents for additional information on risks and uncertainties relating to forward-looking statements and information. Although we have attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to reissue or update any forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information contained in this presentation are qualified by this cautionary statement.

FORWARD LOOKING STATEMENTS

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TSX: FAR

KEY TAKEAWAYS

4

1. Global Mineral & Water Driller

2. Diversified by Commodity & Geography

3. Financial Data

4. Adapting to a Changing Market

TSX: FAR

Stock Symbol: TSX: FAR Shares Issued and Outstanding: 90.0 million Share Price (as of March 3, 2015): C$0.50 Market Capitalization: C$44.97 million 2013 Dividend: 2012 Dividend:

Nil C$0.055 per share

Major Shareholder: JPC-DS1

42.0% basic

FORACO MARKET PROFILE

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1 Shares of JPC-DS are held by Financière Marville SARL, Financière Berlaimont SARL, Financière Tornaco SARL

TSX: FAR

TRACKING STOCK PERFORMANCE

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As of March 3, 2015

1 Year 5 Years

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KEY TAKEWAY – Point 1

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Global Mineral &

Water Driller

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TSX: FAR

Daniel Simoncini Chairman and Co-CEO

• Director & CEO since incorporation • Over 30 years of industry experience • Based in Singapore

STRONG & EXPERIENCED MANAGEMENT TEAM

• Director & Executive Officer since incorporation • Over 35 years of management experience • Based in London

Jean-Pierre Charmensat Co-CEO and CFO

Timothy Bremner SVP North America

Ibrahim Baderi

VP Africa

Thierry Merle VP Europe & Middle East

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Santiago Marin SVP Latin America

Philippe Violle

SVP Engineering

Andrey Popov VP CIS

Peter Jacobs SVP Asia Pacific

Olivier Demesy

VP Brazil

Fabien Sevestre Deputy CFO

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GLOBAL REACH

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24 countries

Canada United States Brazil Mexico Argentina Chile Peru England France Germany Turkey Russia Burkina Faso Chad Republic of Congo Ivory Coast Ghana Guinea Mali Niger Kazakhstan Australia New Caledonia Singapore

TSX: FAR

SKILLED PEOPLE BASED BUSINESS

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• 1,600+ experienced employees located around the globe

TSX: FAR

62 Rotary 212 Diamond 28 Combination

302 Drill Rigs

VERSATILE AND MODERN DRILL FLEET

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Global Drill Rig Fleet

TSX: FAR

Geotechnical

Exploration

Metallurgical Sampling

Water

Dril

ling

Activ

ity

DELIVERING DRILLING SOLUTIONS At Every Stage of the Mine Life Cycle

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COMPETITIVE LANDSCAPE

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• Highly fragmented market with a small group of globally active companies.

• Foraco has grown to become the 3rd largest global driller with approximately 5% share of the world’s mineral drilling fleet.

• There remains abundant room for consolidation and future growth. There is a growing number of contractors going under administration or liquidation.

Source: CLSA Reports and Company Reports

950

708

302 234 220 214

120 91 85 69 50 26 0

200

400

600

800

1000

1200B

oart

Long

year

Maj

orD

rillin

g

Fora

co

Ener

gold

Layn

eC

hris

tens

en

Orb

it G

aran

t

Geo

tec

Boy

les

Cap

ital

Dril

ling

Aus

drill

Swic

kM

inin

g

Cab

o

Geo

drill

Global Mineral Rig Counts

TSX: FAR

Focus on Leveraging our Position

CONSISTENT STRATEGY

1

2

4

3

Growth in the Americas

Solidify our preferred driller status with Majors

Continue to capitalize on African opportunities

Expand Asia, Far East and CIS presence

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KEY TAKEAWAY – Point 2

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Diversified by

Commodity & Geography

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DIVERSIFIED COMMODITY EXPOSURE

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Revenue By Commodity Full Year 2014

Gold 31%

Copper 14%

Iron 14%

Nickel 11%

Water 12%

Uranium 1%

Coal 12%

OIl & Gas 3% Base Metals 2%

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EXPANDING GEOGRAPHIC COVERAGE

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Revenue By Region Full Year 2014

• A global leader in the mineral drilling industry.

• Presence in all major mining markets.

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LEVERAGING STRONG CUSTOMER RELATIONSHIPS

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Revenue By Customer Full Year 2014

86%

14%

Majors & Multinational Institutions Juniors

Main Customers

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KEY TAKEAWAYS – Point 3

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Financial Data

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SELECTED FINANCIALS

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1 Includes amortization and depreciation expenses ² Net Cash generated from operations less Capex Source: Company Reports.

TSX: FAR

SELECTED FINANCIALS

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Source: Company Reports.

TSX: FAR

56%

43%36%

73%76%

2007 2008 2009 2010 Current

Russia Australia Lat Am Brazil North America North America

January ‘07: Connors Drilling

September ‘08: North West

Sequoia

April ‘09: Mosslake

Drilling Services

April ‘10: Adviser Drilling

Geography Added

3 Rigs

Acquired

April ‘12: Servitec

April ‘10: Eastern Drilling

Company

8 5 50 90 19

A TARGETED ACQUISITION STRATEGY TO REACH A GLOBAL SCALE

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Acquisition History

% of Worldwide Mineral Drilling Market Foraco Operations Touch

November ‘12:

John Nitschke Drilling

15

Australia

Rigs end of the year

303

2007

108

2008 2009 2010 2011 2012

115 119 192 80

TSX: FAR

KEY TAKEAWAY – Point 4

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Adapting to a

Changing Market

TSX: FAR

MINERAL DRILLING SERVICES MACRO ENVIRONMENT

1Source: MEG and CIBC Research estimate

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Worldwide Mineral Exploration Spending1 • Metals pricing is the key driver to mineral drilling. Prices entered a bear market in the second half of 2012 and have continued to deteriorate since then.

• Majors have reviewed their cost structures and significantly decreased their CAPEX, including exploration.

• Market sentiment towards mining in general, and juniors in particular, is still negative; few explorers can raise capital on the market today.

• Drilling market is in the low part of the cycle, and everybody hopes it will bottom-up later in 2015 or in 2016 as producers ultimately need to replace depleting reserves through exploration activity.

FAR Activity by Mine Stage 2014: More exposed to Production

Exploration Feasibility Stage Life of Mine Extension Water

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ADAPTING TO A CHANGING MARKET

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SG&A Costs Reduced by 33% YoY

Continuous CAPEX & Working Capital Scrutiny - FORACO is Free Cash Flow Positive

Reduced Total Headcount from 4,400 (2012 peak) to 1,600 today

Macro Environment

Pressures

Actions towards a leaner, more efficient Organization ready for the next phase of Growth

Decrease in Activity

Downward Pricing

Pressure

Reduced Visibility

Rigs Moved to more Active Regions

Reduced Supplier Costs and Optimize Performance

TSX: FAR

• World’s 3rd Largest Global Mineral Driller.

• Reliable and innovative, with a safety and customer first culture.

• Solid management team, with a world-class customer base who, on average, rated FAR services at 82.4/100 in a 2014 customer survey.

• Increased Financial Resilience: - 2014 Free Cash Flow Positive - Net Debt down 20% YoY - Successfully negotiated a 2 year debt holiday with its banks.

• Well positioned for next phase of growth.

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COMPELLING INVESTMENT PROPOSITION

TSX: FAR

www.foraco.com

FOR MORE INFORMATION PLEASE CONTACT

TSX: FAR

Brenda Patterson-Mack

ir@foraco.com T: + 1.877.795.6363 | M: + 1.705.825.0169

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TSX: FAR

ANALYST COVERAGE

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Broker Analyst Contact

CIBC World Markets Kevin Chiew 1.416.594.7457

Cormark Securities Maggie MacDougall 1.416.943.6733

Mackie Research Capital Ryan Hanley 1.416.860.8837