Altai Resources Inc. — AGM Information 2020

Aug 4, 2020

ALTAI RESOURCES INC.

895 Don Mills Road, Two Morneau Shepell Centre, Suite 900, Toronto, Ontario, Canada M3C 1W3 Tel: (416) 383-1328 Fax: (416) 383-1686 Email: info@altairesources.com Website: http://www.altairesources.com

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

The annual general meeting of shareholders (the “Meeting”) of ALTAI RESOURCES INC. (the "Corporation") will be held on Friday, August 28, 2020 at the Victoria Vista Room, Toronto–Parkway Place, 251 Consumers Road, Suite 1200, Toronto, Ontario, Canada M2J 4R3 at the hour of 11:30 o'clock in the morning (Toronto time), for the following purposes:

1. To receive the audited consolidated financial statements and the report of the auditors for the financial year ended December 31, 2019;

2. To elect directors;

3. To appoint auditors and to authorize the directors to fix their remuneration;

4. To transact such other matters as may properly come before the Meeting or any adjournment thereof.

The management information circular and the form of proxy accompany this notice.

BY ORDER OF THE BOARD OF DIRECTORS

“ Maria Au” Maria Au Secretary-Treasurer July 24, 2020

NOTES:

1. Your vote is important regardless of the number of Altai Resources Inc. common shares you own. Shareholders who are unable to be present personally at the Meeting are requested to sign and return, in the envelope provided for that purpose, the accompanying form of proxy for use at the Meeting. The proxies to be used must be deposited at the offices of Computershare Investor Services Inc. (Attention: Proxy Department), 100 University Avenue, 8th Floor, Toronto, Ontario, Canada M5J 2Y1 no later than 48 hours (excluding Saturdays, Sundays and statutory holidays in the City of Toronto, Ontario) prior to the time set for the Meeting or any adjournment(s) thereof.

2. All beneficial shareholders who receive these materials through a broker or other intermediary should complete and return the materials in accordance with the instructions provided to them by such broker or intermediary.

3. Only shareholders of record at the close of business on the record date, July 23, 2020, will be entitled to receive notice of, and to attend, and to vote at the Meeting or any adjournment(s) thereof.

4. NOTE OF CAUTION CONCERNING COVID-19 OUTBREAK

   • The Corporation intends to hold the Meeting in person. However, due to the COVID-19 outbreak, to mitigate risk to the health and safety of our communities, shareholders and employees, the Corporation requests shareholders to consider voting their shares by proxy and not attend the meeting in person. Shareholders who wish to attend the Meeting in person should carefully consider and follow the instructions of the federal Public Health Agency of Canada, the Ontario Provincial Government and the City of Toronto. At the direction of the City of Toronto, effective July 7, 2020 it is required for persons to wear a mask in indoor public premises. No shareholder who is experiencing any symptoms of COVID-19, including fever, cough, cold or flu-like symptoms, or difficulty in breathing will be permitted to attend the Meeting in person.