Arête is the operator of a gas gathering system and is in the process of buying oil and gas properties in the Rocky Mountain Region of the United States. The Company is pursuing projects that have significant upside potential and can produce significant revenue. As the projects are developed, Arête, or entities created by Arête, will have ownership interests in the revenue streams, which can be securitized and collateralized either equity or private debt holders. Enabling the company to continue to grow, fulfill its ongoing financing requirements, and create value for its shareholders.

1. OTCQB / OTCBB : ARET
8/30/2011
Overview
Arête Industries, Inc. (“Arête” or “the Company”) is in the
process of buying oil and gas properties in the Rocky Mountain
Region of the United States and is the operator of a gas
gathering pipeline. The Company is pursuing projects that
have significant upside potential and can produce significant
revenue.
Arête Industries, Inc. is a Colorado corporation and is listed
on the OTCQB market under the ticker symbol ARET. The
Company has been publicly traded since 1987, and has
over 8,000 shareholders. The Company is headquartered in
Westminster, Colorado. Investment Highlights
• Arête Industries, Inc. is an oil and gas play focused
Strategy on properties located in Wyoming, Colorado,
Kansas, and Montana with significant existing
production and upside potential.
Arête’s primary focus is on the Powder River Basin. Although
• The Company’s primary focus is on the Powder
the Company is currently concentrating this rich basin, it is River Basin, one of the richest petroleum provinces
not limited to any single geographic area because it wants to in the Rocky Mountains. More than 2.7 billion
remain flexible and intends to strategically pursue acquisition barrels of recoverable oil and over 2.3 TCF gas
opportunities in other geographic regions as they present have been discovered in about 700 fields since
themselves. The Company intends to focus its exploration the discovery of the giant Salt Creek field in 1908.
activities in large new or developing plays that provide it with
the opportunity to acquire undeveloped acreage positions for • One of the Company’s other targeted geographic
future drilling operations. Arête’s drilling program will attempt regions is the Denver-Julesburg (DJ) Basin, a rich
to take advantage of the 660,062 barrels proven oil reserves deposit of oil and natural gas located in northeast
under its control. Although its current drilling schedule does not Colorado and extending into Wyoming and
target drilling for natural gas, the Company has 12,832,822 McF Nebraska.
of proven natural gas reserves under its control, with another • Based on the Company’s current drilling schedule,
3,600,974 McF of probable and 6,720,041 McF of possible we expect revenue growth of 98% on a 3-year
natural gas reserves. As such, depending on access to capital CAGR from 2011 through 2014.
and the price of natural gas, it has a vast amount of untapped • Arête Industries has a tight capital structure with
natural gas under its control without acquiring any additional only 7.7 million shares outstanding as of August
acreage from which to increase production. 15, 2011.
The Company intends to drill and complete approximately 12 • Arête management intends to move the Company
to a listed exchange in the near future, which will
additional wells during 2011 with a cost of $1.9 million with
increase liquidity and institutional buying interest
annualized production of 95,040 BOE.
in the stock.
During 2012, the Company expects to drill ten School Creeks • The Company is lead by Donald Prosser, a finance
wells with a cost of $5.15 million with annualized production of professional with a successful track record of
334,800 BOE. business development and Charles B. Davis, an
industry veteran with over 25 years of experience
Beyond 2013, the drilling schedule is less clear. The future in the oil and gas industry.
beyond 2012 depends on access to capital and the ability to
identify attractive drilling opportunities.

2. Recent Events Quick Facts & Key Ratios
In late August 2011, Arete paid $3.7 million in connection with 12-Month Trading Price High $6.15
its previously announced acquisition of certain oil and gas
generating assets. In addition, the Company sold a portion of 12-Month Trading Price Low $2.50
its recently acquired assets in which it had a profits interest for Closing Price 8-30-2011 $3.40
a profit of $2,655,221 or $0.35 per share. This enabled Arete
to make a payment of approximately $1.2 million on the next Shares Outstanding 8-15-2011 7,701,848
installment due September 15, 2011. Market Capitalization $26,186,283
Enterprise Value $26,520,045
Investment Summary Last Quarter Revenue $16,000
TTM Revenue $114,000
In summary, the Company is participating in several exciting oil Current Assets (Most Recent 10Q or 10K) $481,279
and gas plays with vast reserves lead by an industry veteran
Current Liabilities (Most Recent 10Q or 10K) $1,171,574
with over 25 years of experience. The Company’s wells are
strategically positioned to take advantage of the significant Current Ratio (Most Recent 10Q or 10K) .41x
in-place oil and gas reserves. Among Arête Industries’ other
Total Assets (Most Recent 10Q or 10K) $1,236,905
investment positives are its tight capital structure with only 7.7
million shares outstanding. In addition, Arête management Total Liabilities (Most Recent 10Q or 10K) $1,171,574
intends to move the Company to a listed exchange in the near
Shareholder Equity (Most Recent 10Q or 10K) $65,331
future, which will increase liquidity and institutional buying
interest in the stock.
Arête Industries Acreage Map - 30,654 Acres
Montana - 200 Acres
Wyoming - 27,334 Acres
Toole County - 200 Acres
Campbell County - 11,300 Acres
Weston County - 1,303 Acres
Converse County - 10,119 Acres Colorado - 2,000 Acres
Niobrara County - 1,897 Acres
Arapahoe County - 1,375 Acres
Albany County - 963 Acres
Yuma County - 125 Acres
Sweetwater County - 1,752 Acres
Cheyenne County - 125 Acres
Baca County - 375
Kansas - 1,120 Acres
Norton County - 320 Acres
Stanton County - 800 Acres
LEGEND
Basins
Shale Gas Plays
Powder River Basin
Additional Information
Arête Industries, Inc.
7260 Osceola Street
Spacing Westminster, Colorado 80030
State Basin County Field Acres Units
Wyoming Powder River Converse 10,119 640 (303) 427-8688
Wyoming Powder River Weston 1,303 640 www.areteindustries.com
Wyoming Powder River Campbell Buff Field 2,000 320
Wyoming Powder River Niobrara 1,897 320 The WSR Group
Wyoming Powder River Campbell 9,300 640
Wyoming Laramie Albany Rex Lake 963 320 3557 SW Corporate Parkway
Wyoming Washakie Sweetwater Wamsutter 1,752 320 Palm City, FL 34990
Colorado D-J Arapahoe Dragon 1,375 320
Colorado D-J Cheyenne Arapahoe 125 320 (772) 219-7525
Colorado D-J Yuma Wildhorse 125 320 Gerald Kieft / Sean Marconi
Colorado Hugoton Embayment Baca Greenwood/Walsh 375 320
Kansas Salina Basin Norton 320 320 IR@theWSRgroup.com
Kansas Hugoton Embayment Stanton Big Bow West 800 320
Montanta Sweetgrass Arch Toole Police Coulee 200 320
TOTAL 30,654
Important Note: This profile may contain forward-looking statements, particularly as related to pro forma financial statements, earnings estimates and business expectations, within the meaning of Section 27A
of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” For-
ward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to
differ materially from those presently anticipated. These forward-looking statements are only made as of the date of their release and Arete Industries does not undertake any obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.