Arrow Exploration Corp. — Proxy Solicitation & Information Statement 2025

Aug 19, 2025

ARROW EXPLORATION

Notice of Meeting

Important Notice Regarding the Availability of Materials for ARROW EXPLORATION CORP., ANNUAL AND SPECIAL MEETING to be held both virtually via live audiocast (the "Audiocast") and at the offices of Gowling WLG (Canada) LLP located at Suite 1600, 421 7th Avenue SW, Calgary Alberta, T2P 4K9 at 10:00 a.m. (Calgary time) on September 24, 2025.

Arrow Exploration Corp. (the "Corporation") will be holding an annual general and special meeting (the "Meeting") of shareholders on September 24, 2025 at 10:00 a.m. (Calgary time). The Meeting shall be held both virtually via live audiocast (the "Audiocast") and at the offices of Gowling WLG (Canada) LLP located at Suite 1600, 421 7th Avenue SW, Calgary Alberta, T2P 4K9.

The meeting will take place both virtually and in person. You will be able to participate online using your smartphone, tablet or computer. You will be able to participate via a live audiocast of the meeting, ask the board questions and submit your votes in real time. You may also provide voting instructions before the meeting by completing the Form of Proxy or voting information form that has been provided to you.

If you wish to attend the Meeting via the live audiocast, you must be connected to the internet at all times in order to vote when ballot commences. If you are unable to attend the Meeting either in person or via the live audiocast, we encourage you to submit a proxy or voting instructions within the time frames indicated so that your vote is counted at the Meeting.

To Participate Online

Make sure the browser on your device is compatible. You will need the latest version of Chrome, Safari, Edge, or Firefox. Internet Explorer is not supported.

Using your smartphone, tablet or computer, go to the following address: https://meetnow.global/M9NNRAS

You will require the following information to login:

• Registered Shareholders will require the control number listed on your form of proxy.
• Appointed proxyholders will require an Invite Code provided by the transfer agent.

Caution

Internal network security protocols including firewalls and VPN connections may block access to the virtual meeting platform for your meeting.

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If you are experiencing any difficulty connecting or watching the meeting, ensure your VPN setting is disabled or use a computer on a network not restricted to security settings of your organization.

We recommend that you log in to the live audiocast at least 15 minutes before the time of the Meeting. Should you experience difficulties logging in to the virtual platform, please call 888-724-2416 (local) or +1 781-575-2748 (International). These lines will be closely monitored during the Meeting to provide any assistance required.

You are receiving this notice to advise that the Corporation has decided to use notice and access to deliver materials to shareholders in connection with Meeting. As such, the Corporation is providing you with electronic access via the internet to its management information circular (the "Circular") dated August 12, 2025 and its financial statements for the years ended December 31, 2024, along with the related management's discussion and analysis (collectively, the "Materials").

The Materials have been posted and may be accessed at https://arrowexploration.ca/shareholder-meetings/ and on our profile on www.sedarplus.ca.

This communication presents only an overview of the more complete proxy materials that are available to you. We remind you to access and review the Materials and all of the important information contained in the information circular and other proxy materials before voting.

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Obtaining a Paper Copy of the Materials

If you would like to receive a paper copy of the Materials by mail, you must request one. There is no charge to you for requesting a copy.

Please call the Corporation toll free at 1-833-759-2068 within North America to request a paper copy of the Materials for the Meeting.

To ensure you receive the material in advance of the voting deadline and meeting date, we estimate that your request must be received by us no later than, 10 business days before the Meeting to ensure timely receipt. If you do request the Materials, please note that another Voting Instruction Form/Proxy will not be sent; please retain your current one for voting purposes.

The Corporation will only provide paper copies of the Materials to shareholders who have standing instructions to receive, or for whom the Corporation has otherwise received a request to provide, paper copies of materials.

If you have any questions about our use of notice and access, please contact Computershare Investor Services Inc., toll-free in North America at 1-800-564-6253 or by email at service@computershare.com.

Securityholder Meeting Notice

PLEASE NOTE – YOU CANNOT VOTE BY RETURNING THIS NOTICE. To vote your securities you must vote online at www.investorvote.com or by mailing the enclosed Voting Instruction form/Proxy for receipt not later than 10:00 a.m. (Calgary time) on September 22, 2025 or not later than 48 hours (excluding Saturdays, Sundays and holidays) prior to or any adjournment(s) of the Meeting.

The resolutions to be voted on at the Meeting, as further described in the "Annual and Special Meeting Business" section of the Circular are listed below:

1. to fix the number of directors to be elected at the Meeting at five (5);
2. to elect directors of the Corporation to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed;
3. to appoint Ernst & Young LLP, as independent auditors of the Corporation for the ensuing year, at a remuneration to be fixed by the board of directors;
4. to re-approve the Corporation's rolling 10% stock option plan;