ACT Energy Technologies Ltd. — AGM Information 2022

Apr 7, 2022

CATHEDRAL ENERGY SERVICES LTD. 6030 - 3rd Street S.E. Calgary, Alberta T2H 1K2

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the annual meeting (the "Meeting") of the holders (the "Shareholders") of common shares (the "Common Shares") of CATHEDRAL ENERGY SERVICES LTD. ("Cathedral") will be held at Cathedral's head office which is located at 6030 – 3rd Street S.E., Calgary, Alberta at 3:00 p.m. (Mountain Time) on Thursday, May 12, 2022, for the following purposes:

1. To receive the consolidated financial statements of Cathedral for the year ended December 31, 2021, together with the auditor's report thereon;
2. To fix the number of directors (collectively, the "Directors") of Cathedral to be elected at the Meeting at seven (7) and to elect the Directors of Cathedral to hold office until the next annual meeting of Shareholders;
3. To appoint auditors of Cathedral until the next annual meeting of Shareholders and to authorize the Directors to fix their remuneration; and
4. To transact such further and other business as may properly come before the Meeting or any adjournment thereof.

The management information circular of Cathedral dated April 6, 2022 (the "Information Circular") accompanying this Notice of Annual Meeting of Shareholders (this "Notice of Meeting") should be consulted for further details on matters to be acted upon.

This Notice of Meeting is accompanied by the Information Circular and a form of proxy (the "Form of Proxy"). The Information Circular is expressly made part of this Notice of Meeting. Capitalized words that are not otherwise defined in this Notice of Meeting shall have the meaning set out in the Information Circular.

DATED at Calgary, Alberta, this 6th day of April, 2022.

BY ORDER OF THE BOARD OF DIRECTORS OF CATHEDRAL ENERGY SERVICES LTD.

"Thomas Connors" Thomas Connors President, Chief Executive Officer and Director

IMPORTANT

No person who is experiencing any symptoms of COVID-19, including fever, cough or difficulty breathing, will be permitted to attend the Meeting in person. As the COVID-19 pandemic is a rapidly evolving situation, Cathedral will continue to monitor and abide by Provincial and Federal governmental orders in order to reduce the risk of spreading the virus at the Meeting, which may include imposing restrictions on attendance at the Meeting or adjourning, postponing or changing the format of the Meeting. Cathedral will provide updates to any arrangements in respect of the Meeting by way of news release. Shareholders are encouraged to monitor Cathedral's website at www.cathedralenergyservices.com or Cathedral's SEDAR profile at www.sedar.com, where copies of such news releases, if any, will be posted.

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Only holders of Common Shares of Cathedral of record at the close of business on April 5, 2022 are entitled to notice of the Meeting and only those holders of the Common Shares of Cathedral of record at the close of business on April 5, 2022, or who subsequently become Shareholders and comply with the provisions of the Business Corporations Act (Alberta), are entitled to vote at the Meeting.

If you are a registered Shareholder, please complete and submit the enclosed Form of Proxy or other appropriate form of proxy. Completed forms of proxy must be received by Computershare Trust Company of Canada, at 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1, Attention: Proxy Department or by fax at 1-866-249-7775 (within North America) or at 1-416-263-9524 (outside North America), not less than 48 hours, excluding Saturdays, Sundays and statutory holidays, preceding the Meeting or any adjournment or postponement thereof. You may also vote by phone at 1-866-732-8683 (toll free within North America) or 1-312-588-4290 (outside North America), or by internet voting at www.investorvote.com; provided that you do so not less than 48 hours, excluding Saturdays, Sundays and statutory holidays, preceding the Meeting or any adjournment or postponement thereof.

If you are not a registered Shareholder, please complete the voting instruction form from your intermediary/broker/agent and follow the instructions set out under "Advice to Beneficial Holders of Common Shares" in the Information Circular.