Akita Drilling Ltd. — Proxy Solicitation & Information Statement 2021

Mar 31, 2021

AKITA DRILLING LTD. PROXY Proxy Solicited by Management for the Annual Meeting of Shareowners May 11, 2021

The undersigned Class B Common shareowner of AKITA Drilling Ltd. appoints Karl A. Ruud or, failing him, Colin A. Dease or, instead of either of them, _________________________________

as proxyholder of the undersigned, with full power of substitution, to attend and act at the Annual

Meeting of Shareowners of the Corporation to be held on May 11, 2021, and at any adjournment of the Annual Meeting in the manner and to the extent authorized by this proxy and with the authority conferred by this proxy, and directs the proxyholder:

1. To vote upon the election each of those persons set forth in the Information Circular as directors of the Corporation

01 Loraine M. Charlton VOTE FOR or WITHHOLD VOTE 02 Douglas A. Dafoe VOTE FOR or WITHHOLD VOTE 03 Linda A. Southern-Heathcott VOTE FOR or WITHHOLD VOTE 04 Harish K. Mohan VOTE FOR or WITHHOLD VOTE 05 Dale R. Richardson VOTE FOR or WITHHOLD VOTE 06 Nancy C. Southern VOTE FOR or WITHHOLD VOTE 07 Henry G. Wilmot VOTE FOR or WITHHOLD VOTE 08 Charles W. Wilson VOTE FOR or WITHHOLD VOTE

1. To vote upon the appointment of PricewaterhouseCoopers LLP as auditors of the Corporation to hold office until the next annual meeting of shareowners

VOTE FOR or WITHHOLD VOTE

DATED__________________________, 2021

_______________________________ ___________________________________ Name of Shareowner (please print) Signature of Shareowner

Registered Shareowners and duly appointed proxyholders (including Beneficial Shareowners who have duly appointed themselves as proxyholders) will be able to attend, submit questions and vote at the Meeting online at http://web.lumiagm.com/170849302. Registered Shareowners and duly appointed proxyholders (including Beneficial Shareowners who have duly appointed themselves as proxyholders) may enter the Meeting by clicking “I have a control number” and entering a valid control number and the password “ akita2021 ” (case sensitive) before the start of the Meeting.

VOTE USING THE TELEPHONE, INTERNET OR FAX 24 HOURS A DAY 7 DAYS A WEEK

To Vote by Telephone To Vote Using the To Vote by Fax* 1-888-489-5760 Internet 1-866-781-3111 (in North America) www.astvotemyproxy.com 1-416-368-2502 (outside North America) *both sides

To vote by telephone or using the internet, you will need to provide your CONTROL NUMBER listed in this proxy. If you vote by telephone or using the internet , DO NOT mail or fax back this form of proxy.

If you are unable to attend the Annual Meeting in person, kindly complete and execute this form of proxy and return it in the envelope provided for that purpose. Proxies must be received by 5:00 p.m. EDT time on May 7, 2021

1. THIS PROXY IS SOLICITED BY THE MANAGEMENT OF THE CORPORATION AND IS TO BE USED AT THE ANNUAL MEETING OF SHAREOWNERS THE CORPORATION TO BE HELD ON THE 11[TH ] DAY OF MAY 2021 .

2. If a shareowner wishes to be represented at the Annual Meeting by a proxyholder, a form of proxy must be completed and executed by the shareowner or the shareowner’s attorney authorized in writing.

3. This form of proxy confers discretionary authority in respect of amendments to matters identified in the Notice of Annual Meeting of Shareowners and in respect of other matters that may properly come before the Annual Meeting.

4. A SHAREOWNER MAY APPOINT A PROXYHOLDER OTHER THAN ANY PERSON DESIGNATED IN THIS FORM OF PROXY TO ATTEND AND ACT ON THE SHAREOWNER’S BEHALF AT THE ANNUAL MEETING. This right may be exercised either by striking out the names of the persons designated in this form of proxy and inserting in the space provided the name of the person appointed or by completing and exercising another proper form of proxy.

5. Where no specific choice is specified, this proxy will be voted in favour of the specific matters referred to above.

6. If this proxy is not dated in the above space, it is deemed to bear the date on which it is mailed by management of the Corporation.

1. Shareowners appointing a proxyholder other than the management designees must also register that proxyholder by contacting AST Trust Company (Canada) by going to AST’s website at https://lp.astfinancial.com/control-number-request-en.html to complete and submit the electronic form or by calling 1-866-751-6315 (in North America) or 1-212-235-5754 (outside North America) no later than 5:00 p.m. EST on May 7, 2021, or, if the Meeting is adjourned or postponed, not less than 48 hours (excluding Saturdays, Sundays and holidays) before the time and date of the convened or reconvened meeting, as applicable, and provide AST Trust Company (Canada) with the required information for their proxyholder so that AST Trust Company (Canada) may provide the proxyholder with a control number via email. This control number will allow your proxyholder to log in and vote at the Meeting. Without a control number, your proxyholder will only be able to log in to the Meeting as a guest and will not be able to vote or submit questions at the Meeting.