AsiaBaseMetals Inc. — AGM Information 2021

Sep 1, 2021

ASIABASEMETALS INC.

6153 Glendalough Place Vancouver, BC V6N 1S5 Tel: (604) 765-2030

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the annual general meeting (the " Meeting ") of the shareholders of AsiaBaseMetals Inc. (the " Company ") will be held at 10[th] Floor - 595 Howe Street, Vancouver, British Columbia, V6C 2T5, on Wednesday, September 29, 2021, at 10:00 a.m. (Pacific Time), for the following purposes:

1. To receive and consider the audited financial statements of the Company for the year ended September 30, 2020 together with the auditor's report thereon;

2. To fix the number of directors for the ensuing year at four (4);

3. To elect directors for the ensuing year;

4. To appoint Manning Elliott LLP, Chartered Accountants, as the Company’s auditors for the ensuing fiscal year at a remuneration to be fixed by the directors;

5. To consider and, if thought fit, to pass, with or without variation, an ordinary resolution to approve the Company’s 10% rolling stock option plan; and

6. To transact such further or other business as may properly come before the Meeting and any adjournment(s) thereof.

The specific details of the foregoing matters to be put before the Meeting are set forth in the information circular (the " Circular ") accompanying this notice. The audited consolidated financial statements and related MD&A for the Company for the financial year ended September 30, 2020 have already been mailed to those shareholders who have previously requested to receive them. Otherwise, they are available upon request to the Company or they can be found on SEDAR at www.sedar.com.

The Board of Directors of the Company has by resolution fixed the close of business on Wednesday, August 25, 2021 as the record date, being the date for the determination of the registered holders of common shares of the Company entitled to notice of and to vote at the Meeting and any adjournment(s) thereof.

This notice is accompanied by the Circular, a form of proxy and a supplemental mailing list return card.

Due to constantly evolving circumstances surrounding the coronavirus pandemic, shareholders are encouraged to complete proxies where possible or appropriate before considering attending the Meeting in person. If the Company decides to make any change, such as to the date or location, or to hold the Meeting solely by remote communication, the Company will announce the change in advance and post details, including instructions on how shareholders can participate, on SEDAR. At this time, the Company does not plan to provide a fully virtual or remote meeting due to cost, administrative and technical requirements. However, to listen to the Meeting, you can dial in by telephone conference call, although dialing in shall not constitute attendance and does not entitle you to vote. The conference call in numbers are as follows:

Conference Dial-In (Toll Free): 1-877-385-4099 Conference ID: 7612355

• 2 -

Proxies to be used at the Meeting must be deposited with the Company, c/o the Company's transfer agent, Computershare Investor Services Inc., Proxy Department, 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1 no later than 10:00 a.m. (Vancouver time) on Monday, September 27, 2021, or no later than 48 hours (excluding Saturdays, Sundays and statutory holidays) prior to the date on which the Meeting or any adjournment(s) thereof is held. See also the form of proxy for instructions as to the use of telephone and internet voting.

Non-registered shareholders who receive these materials through their broker or other intermediary are requested to follow the instructions for voting provided by their broker or intermediary, which may include the completion and delivery of a voting instruction form.

DATED at Vancouver, British Columbia this 25[th] day of August, 2021.

BY ORDER OF THE BOARD

_" " ___________ Raj Inder Chowdhry ___________ Raj Inder Chowdhry Director, Chief Executive Officer and President