1. CABO DRILLING CORP.
CORPORATE PRESENTATION

2. 2
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.
Feb 27, 2013

3. 3
Focused on Delivering the BestValue for all our Clients in:
North America, Central America and Europe

4. 4
Board of Directors
John A. Versfelt, Chairman, President, Chief Executive Officer & Director
Mr. Versfelt has over 30 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 over the last 25 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).
Roy Graydon, Director
Mr. Graydon has extensive experience as both a public company and private company CEO and CFO, and with corporate
governance, investing in public and private equity markets, and mergers and acquisitions. Mr. Graydon, who lives near
Toronto, Ontario, was formerly President, CEO and director of Aeroquest International Limited and in the past has also served
on the boards of Canadian public companies Patheon Inc., Call-Net Enterprises Inc., Cybersurf Corp., and International
Comfort Products Corporation.
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.

5. 100+ Drill Rigs
 500+ Employees
 C$24.0 Million Shareholders’ Equity
CABO DRILLING CORP.
 Acquired five drilling services companies in 2004 and 2005
 Revenue bottomed in 2010 at $28.99 million after reaching a record
$58.65 million in 2008
 2011 revenues increased 50% from 2010 to $43.42 million
 2012 revenues increased 36% from 2011 and exceeded 2008’s record
revenue of $58.65 million
5
28.79
38.45
58.65
41.16
28.99
43.42
58.95
2006 2007 2008 2009 2010 2011 2012
Revenue
C$ millions

6. 6
Symbol: CBE - TSX-V
DHL - FWB
Price: $0.075
Week High / Low $0.18 - $0.06
Market Cap: $5,922,613
Shares Outstanding: 78,968,175
Fully Diluted: 92,348,250
Insider Holdings:
President & CEO 5.43%
Directors & Senior Management 4.21%
February 28, 2012 – February 28, 2013

7. 7
Cabo’s clients include:
 Kirkland Lake Gold Inc.
 Galway Resources Ltd.
 Queenston Mining Inc.
 Century Iron Ore Mining Corp.
 Teck Resources Limited
 Minera Panama SA (Inmet Mining)
 Cliffs Natural Resources Inc.
 Goldcorp Inc.
 Labrador Iron Mines Limited
 Aux Colombia Limitada
CANADA
USA
PANAMA COLOMBIA
ALBANIA
TURKEY

8. 8
INDUSTRY FUNDAMENTALS
 Base & precious metals have experienced record pricing growth over the past 4 years
 Exploration budgets have risen significantly over the last two years. We anticipate that
2013 will stay on course
Source: MEG

9. 9
GLOBAL MINING INDUSTRY IS FACING A MAJOR
SUPPLY/DEMAND IMBALANCE FOR PRECIOUS & BASE METALS
 In the longer-term the fundamental drivers of the
exploration and mining business remain positive,
with worldwide supply for most metals expected
to tighten and higher demand coming from the
emergence of the BRIC countries over the last 10
years
 The pressure is high for more advanced
exploration programs to be developed as fast as
possible to take advantage of the higher
commodity prices, driven by depleting reserves,
lower global inventories and improving demand
 Cabo Drilling has all of its fleet located in Canada,
United States, Europe and Latin America where
over 50% of worldwide exploration activity is
taking place, therefore Cabo is well positioned for
growth in worldwide demand for drilling services

10. 10
Drills:
27 Conventional Surface
15 Deep Hole Surface
18 Helicopter Support
3 Man Portable
6 Reverse Circulation
27 Underground
6 Geotechnical
Surface
76%
Underground
15% Geotechnical
2%
Revenue
Reverse Circulation
9%
Canada &
United
States
69%
Other
Foreign
Countries
31%
Fiscal Year 2012
Revenue
Fiscal Year 2011Fiscal Year 2012

11. 11
(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
FY2008 FY2009 FY2010 FY2011 FY2012
58.65
RevenueC$ millions
41.16
28.99
43.42
58.95

12. 12
 Capital expenditures are controlled
 Stable working capital
 Continuing to implement field cost control systems
 Secure further new credit facilities for growth
FY2008 FY2009 FY2010 FY2011 FY2012
7.28
4.59 5.74
8.14
12.72
C$ millions
Working Capital

13. 13
(CDN $000s) Dec 31, 2012
Cash & cash equivalents $ 1,476
Current assets $ 22,150
Non-current assets $ 15,187
Total assets $ 38,813
Current liabilities (including current portion of long-term debt) $ 10,055
Long-term debt $ 4,537
Future income tax $ 363
Equity $ 23,858
Total equity and liabilities $ 38,813

14. 14
(CDN $000s except earnings per share) 1st QTR 2013
Ended
Sep 30, 2012
2nd QTR 2013
Ended
Dec 31, 2012
Revenue $ 13,843 $ 9,161
EBITDA as a % of gross revenue 13.2% 6.8%
EBITDA per Share (Basic)* $ 0.02 $ 0.01
Earnings after Taxes $ 560 $ (435)
Earnings per Share (Basic) $ 0.01 $ (0.01)
Cash from Operations** $ 1,354 $ 331
Gross Margin %*** 26.0% 25.8%
Dec 31, 2012:
 Working Capital of $13.57 million
 Assets of $38.81 million
 Shareholders Equity $23.86 million
*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

15. 15
 Expand effective capacity per drill and increase drill utilization
 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
Achievements 2012
 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. 16
 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 for the projected growth of the mining markets in 2013
 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 its
global areas, regardless of location, terrain, geology, depth to target or
environmental considerations
 Cabo can easily “migrate” to meet market demands and needs and has
the ability and expertise to shift equipment and personnel to match
changing market conditions

17. 17
“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. 18
“Safety”
 Cabo is committed to protect human health, employee safety and the
natural environment and to be looked upon as a responsible contractor
and good neighbour
 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
0.00
5.00
10.00
15.00
20.00
25.00
2012201120102009200820072006200520042003
Freq(Per200,000man-hours)
Injury Frequency
Total Medical Aid Frequency Lost Time Injury Frequency Linear (Total Medical Aid Frequency)

19. 19
 Cabo is committed to a culture of sensitivity and responsibility
to the communities in which we work
 Cabo’s goal is to partner with our clients and the community,
and to participate within the community and encourage the
community to participate with the Company in our drilling
programs, whereby we will:
 Hire local helpers and provide training and skills
development opportunities
 Allocate available jobs throughout the community and
provide mentoring
 Provide sensitivity training to
foreigners in regard to local
customs and values
 Utilize local services and suppliers
 Donate to local relief efforts and
support disaster planning

20. 20
 To be the first choice for mineral exploration, mining &
geotechnical customers by offering the best value in the
drilling services industry
 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. 21
Relative Size of Contract Drillers

22. 22
 Expanding global market presence
 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. 23
TSX-V: CBE