This corporate presentation by Petrodorado Ltd provides an overview of the company's assets and operations. Petrodorado has a portfolio of exploration licenses across Colombia, Peru and Paraguay, focusing on proven hydrocarbon basins. The presentation highlights several key blocks that have multi-well drilling plans for 2011-2012, including the CPO-5 block in Colombia's Llanos Basin which has identified multiple prospects from 3D seismic. Petrodorado is well funded with an experienced management team to execute its exploration and appraisal plans while seeking additional upside through prospective discoveries.

1. Corporate PresentationSeptember 2011

2. Disclaimer: Forward Looking StatementsThis Presentation (the “Presentation”) includes forward looking statements relating to, among other things, (a) the future financial performance and objectives of Petrodorado Ltd. (the “Corporation”) and (b) plans and expectations for the operation of the Corporation. These forward-looking statements are typically, but not always, identified by terminology such as “may,” “will,” “should,” “expect,” “anticipates,” “plans,” “intends,” “believes,” “estimates,” “projects,” “predicts,” “seeks,” “potential,” “continue” or other similar terminology. Forward-looking statements are inherently unreliable, and prospective investors should not rely on them. The forward-looking statements are based on the Corporation’s current expectations, assumptions, estimates and projections about future events. Actual results are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in a forward-looking statement as a result of numerous risk factors. The Corporation has no obligation to update or otherwise revise any forward looking statements after the date of this Presentation or to reflect the occurrence of unanticipated events.Estimates of unrisked prospective resources pursuant to different sources including internal management evaluation. There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.Operational Plans are subject to obtaining local permits and other customary regulatory approvals.

3. Table of ContentsCorporate SummaryAssets SummaryLos Llanos: CPO 5Upper Magdalena : Talora & BuganvilesCaguan-Putumayo : TacachoPeru 135 & 138Paraguay PirityDifferentiating Factors & Summary

4. Corporate SummaryExperienced, highly skilled with quality prospective Assets in the Right PlaceDirect operating experience and exploration success in South America (>200 years)Focused on Colombia (6 Blocks), Paraguay (1 block) and Peru (2 blocks).47% average working interest, operator in two blocks in Colombia and one block in ParaguayLarge Inventory of Exploration Prospects and Leads (> 70)Capital StructureBasic shares: 483 millionWarrants (@35 cents, expire Dec’12): 181 million (callable if stock price>90cents for 20days) Options (@49cents, 73cents, 35 cents) : 30 millionFully diluted 694 million (Mgmt & Board 15%)Balance Sheet (in US$) @Sep 1st, 2011Cash on Hand $55 million 2011 Budget left $21 million G&A and overhead - left $ 1 million(Fully funded 2011 and 2012 capex)$33 millionAnd potentiallyWarrant Exercise Proceeds US$63Million** 100% warrants exercised*There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

5. Why Colombia, Peru and Paraguay?Proven hydrocarbon systems in multiple basins with established production and potential for world-class discoveriesLow government take and low cost oil (royalties and lifting costs)Colombia

6. Sliding scale royalties of 8% for under 5,000 boepd to 25% for over 600,000 boepd

7. Corporate tax rate of 33%

8. Drilling success rate of >50% in 2009

9. Paraguay

10. Sliding scale royalties of 10% to 14%

11. Corporate tax rate of 10%

12. Government commitment for first 28,000 bopd of production at the wellhead

13. Peru

14. Sliding scale royalties of 5% to 15%

15. Corporate tax rate of 30%Source: ANH (AgenciaNacional de Hidrocarburos)

16. Asset Summary and Operations PlanCompany Maker BlocksCompany Maker Blocks*There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resourcesOperational Plans are subject to obtaining local permits and other customary regulatory approvals..