1. CABO
Drilling
CORPORATE PRESENTATION

2. CABO
Drilling
2
FORWARD LOOKING STATEMENTS
Certain information set forth in this presentation contains forward-looking
statements. By their nature, forward-looking statements are subject to numerous
risks and uncertainties. All statements within, other than statements of historical
fact, are to be considered forward-looking. Such forward-looking information and
statements are based on current expectations, estimates and projections about
global and regional economic conditions as well as industries that are major
markets for Cabo Drilling Corp. The Company does not guarantee that any of the
forward looking statements will materialize and accordingly the reader is cautioned
not to place reliance on these forward-looking statements.

3. CABO
Drilling
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Serving the International Mining & Mineral Exploration Communities
FOCUSED ON DELIVERING THE BEST VALUE FOR ALL OF OUR CLIENTS IN
NORTH AMERICA, CENTRALAMERICAAND EUROPE
Cabo Division
Cabo Field Operation

4. CABO
Drilling
 John A. Versfelt, Chairman, President, Chief Executive Officer & Director
Mr. Versfelt has over 31 years experience providing leadership, management consulting, chief financial office, administration
and paralegal/regulatory services to private and public companies. Serving in a variety of roles as a Managing Director, Chief
Executive Officer and Chief Financial Officer for the Company over the last 21 years, he has been responsible for strategic
planning, corporate development and finance, administration and accounting, and legal and regulatory compliance.
 Terry Aimone, BSc. P.Eng., General Manager, Europe Operations & Director
Mr. Aimone started his career as a mining consulting engineer followed by 17 years in the U.S. banking sector, working in
mine project financing. He has extensive experience in the mineral drilling industry as the current General Manager, Europe
Operations, the former General Manager, Mexico Operations and past managing director of Heath & Sherwood Drilling. He
brings a strong mix of technical, financial and management expertise to the Company.
 Peter Freeman, Director
Mr. Freeman has extensive experience in public markets, finance and compliance. His experience includes six years as
Director of Markets and Compliance at the OFEX Market (now PLUS). In 2005, he joined Loeb Aron & Co as a director and
head of compliance and advisory services for their London, England, based, mining corporate finance house. Mr. Freeman
has been a director of two public companies admitted to the AIM market (OFEX Holdings plc and Capital Lease Aviation
plc).
 Tom Oliver, Director
After a 25 year career in real estate development, primarily in the Vancouver, BC area, Mr. Oliver served as Business
Administrator for a national church organization for 5 years. He is currently the CEO of a number of private corporations
and, in addition, acts as a consultant in financial administration and management.
 Robert W. Schellenberg, CPA, Director
Mr. Schellenberg is a Certified Public Accountant, Vice President and owner of Schellenberg & Evers, P.C. in Grand Rapids,
Michigan. He has extensive experience in valuations, employee benefit plans, financial planning, individual and corporate
taxation and litigation support, business planning, performance measures, mergers, acquisitions and arbitration.
4
Board of Directors

5. CABO
Drilling
5
History
 Acquired five drilling services companies in 2004 and 2005
 Revenue bottomed in 2010 at $28.99 million and reached a record of $58.95
million in 2012
 2011 revenues increased 50% from 2010 to $43.42 million
 2012 revenues increased 36% from 2011 and exceeded 2008’s record revenue of
$58.65 million
 104 Drill Rigs
 500+ Employees
 C$24.0 Million Shareholders’ Equity
28.79
38.45
58.65
41.16
28.99
43.42
58.95
2006 2007 2008 2009 2010 2011 2012

6. CABO
Drilling
6
Corporate Overview
Key Highlights as at May 31, 2013
Insider Holdings
Share Price: $0.05
52 Week High/Low: $0.115 - $0.04
Shares Outstanding: 78,968,175
Fully Diluted: 85,473,175
Market Cap: $3,948,409
As at March 31, 2013
Working Capital: $13,840,527
Assets: $39,333,546
Liabilities: $14,996,843
Source: Stockwatch
June 1, 2012 – May 31, 2013
President & CEO 5.97%
Directors & Management 4.21%

7. CABO
Drilling
Global Presence & Diversified Commodity Exposure
69%
29%
2%
*As a percentage of FY’12 Revenue
Canada & US
Latin America
Europe
 Kirkland Lake Gold Inc.
 Anglo American Exploration (Canada) Ltd.
 Osisko Mining Corporation
 Century Iron Ore Mining Corp.
 New Gold Inc.
60%
15%
11%
14%
Gold Copper
Iron Other Base Metals
 Minera Panama SA (First Quantum)
 Cliffs Natural Resources Inc.
 Goldcorp Inc.
 Red Eagle Mining Corporation
 Capstone Mining Corp.
Cabo’s clients include:

8. CABO
Drilling
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Metals Price Overview
 The macro environment has
positively impacted prices of
precious metals in the past
few years:
 Financial instability in EU
 Easy monetary and fiscal
policy globally
 Inflation uncertainty will
have an impact on gold
prices
 Base metal prices closely
correlated to industrial
production
 Strong industrial production
figures and forecasts suggest
strong base metals price
performance in 2014
Source: SME, Capital IQ, Federal Reserve, IMF
52%
22%
11%
5% 10%
Gold Copper Iron Ore Nickel Others
 Global inventories for key
base metal are expected to
decline in 2013
 Global production for key
commodities are expected to
increase in 2013
World Exploration Budgets by Commodity - 2011
Three-Year Avg. Trailing Gold Price
$406
$487
$582
$725
$848
$1,024
$1,258
$1,442
$1,634 $1,677 $1,700
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
2005 2006 2007 2008 2009 2010 2011 2012 2013E 2014E 2015E
US$/oz

9. CABO
Drilling
Market Environment
 Global mining exploration
market was worth $22 BB in
2012
 38% Y/Y increase over
2011
 Well above 2008 peak
levels
 McKinsey forecasts a 5.6%
compounded annual growth rate
(“CAGR”) in spending from
2013 to 2017, from $16 BB to
$21 BB
 High commodity prices
attracted significant risk capital
for mining exploration and
development activities in 2012,
which was reduced significantly
in 2013; however, 2014 could
be a turnaround year like 2005
$3
$4
$6
$9
$12
$15
$9
$12
$16
$22
$16
$19
$17
$18
$21
$0
$5
$10
$15
$20
$25
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013e 2014e 2015e 2016e 2017e
US$Billion
Worldwide Exploration Budget 2003 – 2017E
4.9
15.5
25.6
16.4
44.7
33.4
31.3
28.3
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
$50
2005 2006 2007 2008 2009 2010 2011 2012
TransactionValue(US$BB)
0.6
1.1
1.3
0.8
1.3
1.9
1.5
1.1
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
1.8
2005 2006 2007 2008 2009 2010 2011 2012
NumberofEquityIssues(000's)
Source: SME, Capital IQ

10. CABO
Drilling
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Drill Fleet
104 Total Drill Rigs
27 Conventional Surface
15 Deep Hole Surface
18 Helicopter Support
5 Man Portable
6 Reverse Circulation
27 Underground
6 Geotechnical
9%
15%
2%
76%
Reverse Circulation
Underground
Geotechnical
Surface
FYE’12 Revenue Mix
Drill Rig Age*
30.5%
4.2%
21.1%
17.9%
16.8%
9.5%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
< 10 10 < x < 15 15 < x < 20 20 < x < 25 25 < x < 30 > 30
*Does not take into account 70% of drills that have been rebuilt

11. CABO
Drilling
11
Operations
(CDN $000s except earnings per share) FY2009 FY2010 FY2011 FY2012
EBITDA per Share (Basic)* $ 0.08 $ 0.03 $ 0.04 $ 0.09
Earnings (Loss) per Share (Basic) $ (0.02) $ (0.03) $ (0.01) $ 0.02
Cash from Operations** $ 2,060 $ 1,057 $ 1,402 $ 3,722
Gross Margin % Adjusted*** 26.7 25.3 22.3 22.7
*Net Earnings before interest, tax, amortization, stock based compensation and other items (EBITDA)
**Before changes in non-cash working capital items
*** Gross margin adjusted to exclude amortization (Gross margin to date for fiscal 2013 (excluding amortization) is 25.8%)
FY2008 FY2009 FY2010 FY2011 FY2012 FY2013
(Est)*
58.65
C$ millions
41.16
Revenue
28.99
43.42
58.95
43.50*

12. CABO
Drilling
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Cash Management Focus
 Capital expenditures are controlled
 Stable working capital
 Continuing to implement field cost control systems
 Secure new credit facilities for growth
FY2008 FY2009 FY2010 FY2011 FY2012
7.28
4.59 5.74
8.24
12.72
C$ millions
Working Capital

13. CABO
Drilling
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Strong Balance Sheet
(CDN $000s) March 31, 2013
Cash & cash equivalents $ 340
Current assets $ 23,399
Non-current assets $ 15,595
Total assets $ 39,334
Current liabilities (including current portion of long-term debt) $ 9,898
Long-term debt $ 4,695
Future income tax $ 404
Equity $ 24,337
Total equity and liabilities $ 39,334

14. CABO
Drilling
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2013 Quarterly Results
(CDN $000s except earnings per share)
1st QTR 2013
Ended
Sep 30, 2012
2nd QTR 2013
Ended
Dec 31, 2012
3rd QTR 2013
Ended
March 31, 2013
Revenue $ 13,843 $ 9,161 $ 10,616
EBITDA as a % of gross revenue 13.2% 6.8% 10.1%
EBITDA per Share (Basic)* $ 0.02 $ 0.01 $ 0.01
Earnings after Taxes $ 560 $ (435) $ 20
Earnings per Share (Basic) $ 0.01 $ (0.01) $ 0.00
Cash from Operations** $ 1,354 $ 331 $ 458
Gross Margin %*** 26.0% 25.8% 25.7%
*Net Earnings before interest, tax, amortization, stock based compensation and other items (EBITDA)
**Before changes in non-cash working capital items
***Gross margin adjusted to exclude amortization expense March 31, 2013:
 Working Capital of $13.84 million
 Assets of $39.33 million
 Shareholders Equity $24.34 million

15. CABO
Drilling
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Objectives and Achievements
 Expand effective capacity per drill
 Establish and maintain long term relationships with our clients
 Build and maintain a highly cost effective organization
 Retain skilled workers and enforce high safety standards
 Increase community training programs and expand community
relationships
 Enforce higher environmental standards
2012 Achievements
 Increased overall revenue by 36%
 Increased international revenues by 93%
 60% of drills turning on gold projects
 Strengthened the Company’s client base with
long-term and multi-drill contracts
 Reorganized debt & improved balance sheet

16. CABO
Drilling
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Prepared for Future Growth
 Cabo Drilling is in a position to move forward despite the stressed global
financial and economic environment
 High capital expenditures in fiscal 2006-2008 and 2011 have positioned Cabo to
respond to market changes in 2014
 Offering a variety of drilling services – including deep hole, conventional
surface, helicopter support and underground drilling. Cabo is equipped to
provide drilling services to its customers in each of its global areas, regardless of
location, terrain, geology, depth to target or environmental considerations
 Cabo can “migrate” to meet market demands and needs and has the ability and
expertise to shift equipment and personnel to match changing market conditions

17. CABO
Drilling
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The Cabo Advantage
Raving Fans
 Raving Fans is an initiative to deliver consistent high-quality services based
on customers’ needs
 Cabo is committed to building relationships with its customers – discovering
how we can meet and exceed our customers’ requirements for each drill
project
Human Resources
 Employee Relations Strategies
 Retention Strategies
 Training! Training! Training!
 Tapping the International Talent Pool
 Health and Safety Plans
 Fitness for Work Program
Retaining qualified staff enables Cabo to provide the results
its customers demand and deserve

18. CABO
Drilling
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Key Differentiators: Safety and Community Support
Safety First Culture
 Cabo is committed to keeping safety front and
center through education, engineering and
enforcement of best practices
 Cabo provides all employees with extensive
safety training prior to starting any job and
follows up with weekly safety meetings
 Cabo’s comprehensive approach towards safety
and health on the job has resulted in a continued
improvement in its safety performance
Cabo - Communities
 Cabo has entered into alliance agreements with a
number of Canadian aboriginal bands, which
provides Cabo with significant competitive
advantages in winning contracts with clients
such as Goldcorp, First Quantum (Inmet), and
Galway
 Cabo is committed to a culture of sensitivity and
responsibility to the aboriginal communities in
which it operates
 Cabo facilitates aboriginal community
participation in its drilling programs, including:
 Hire local workers and provide training and
skills development opportunities
 Allocate available jobs throughout the
community and provide mentoring
 Provide assistance to clients in regard to local
customs and values
 Utilize local services and suppliers
0.00
5.00
10.00
15.00
20.00
25.00
2012201120102009200820072006200520042003
Freq(Per200,000man-hours)
Total Medical Aid Frequency Lost Time Injury Frequency
Injury Frequency

19. CABO
Drilling
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Near-term Growth Opportunities
 Expansion into Europe began in 2007 in Spain
and continued into Albania in 2008
 Cabo is currently in negotiations with potential
clients in Portugal, Greece, Bulgaria, and Serbia
 Additional drill capacity may be required in
these regions in 2014
 Cabo is in early discussions to acquire an
explosives and blasting services business
 Blasting services are highly complementary to
drilling services and would allow Cabo to
diversify into road/bridge construction,
commercial demolition and general contracting
to smooth out the impact of economic cycles
 Cabo is in discussions to acquire several small
drilling services companies in the USA, Ontario
and certain Africa nations
 With the downturn in the mineral drilling
services sector, several accretive opportunities
are available to create significant value
 Cabo is evaluating opportunities to provide
contract repair and maintenance services to the
mining industry
European Expansion
Acquisition of Drilling Operations
Acquisition of Blasting Services Company
Repair & Maintenance Services

20. CABO
Drilling
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Mission Statement
 To be the first choice for mineral exploration, mining & geotechnical
customers by offering the best value in the drilling services industry
 To partner with our clients and the community, fostering a culture of
sensitivity and responsibility to the communities and environment in
which we work.
 To be the first choice among employees by offering the most stable,
safe and rewarding workplace in the drilling services industry
 To be the first choice for investors by
consistently generating superior value and
providing excellent corporate governance to
shareholders and stakeholders

21. CABO
Drilling
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Relative Size of Contract Drillers
Tier 1
Boart Longyear 1,200
Layne Christensen 750
Major Drilling 700
Tier 2
Foraco 308
Ausdrill / Bandrill 275
Energold Drilling 244
Orbit Garant 219
Cabo Drilling Corp. 104

22. CABO
Drilling
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Summary
 Expanding global market presence
 Focused on long-term growth in the mineral
drilling services sector through exposure to
mid-tier and major mining and exploration
companies
 Revolutionary approach to customer service
 Improved operational efficiencies
 Increased capacity per drill

23. CABO
Drilling
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PROFESSIONALS TO THE CORE