HOW WAS TRU DEVELOPED?

HOW WAS TRU DEVELOPED?

Rival has spent millions developing the TRU process since 2005, working with an additive used in the mid-1980s to reduce the viscosity of heavy crude oil. We achieved excellent results on Lloydminster heavy oil and have since successfully processed Athabasca bitumen. The key to the process is non-coking cracking of the whole bitumen as a first step without external hydrogen addition. No other system achieves non-coking cracking of bitumen. Our synthetic crude has an API and sulphur content that is similar to dilbit, but has a much higher gas oil content and greatly reduced nickel and vanadium, lower TAN, and ultra-low coke (toluene insolubles). We believe it will sell at a premium to dilbit (our calculation is a 5% premium but it may be more). All of the laboratory work has been performed by the Alberta Research Council and is available if a Non-Disclosure Agreement is signed.

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RIVAL TECHNOLOGIES INC.

3773 Howard Hughes Blvd, Suite 500 S, Las Vegas NV 89169-6014

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+1 (702) 751-8846

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info@rvti.com

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