Austin Resources Ltd. — AGM Information 2021

Mar 10, 2021

AUSTIN RESOURCES LTD. 82 Richmond Street East, 200 Toronto, Ontario Canada M5C 1P1

NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that an annual and special meeting (the “Meeting”) of the shareholders of Austin Resources Ltd. (the "Corporation") will be held at 82 Richmond Street East, Suite 200, Toronto, Ontario, M5C 1P1 on Monday, the 29[th] of March, 2021 at 10:00 a.m. (Toronto time) for the following purposes:

1. to receive and consider the audited financial statements of the Corporation as at and for the fiscal year ended December 31, 2019, together with the report of the auditors thereon;

2. to elect directors of the Corporation for the ensuing year and to fix the number of directors at threer;

3. to re-approve the Corporation’s stock option plan as more particularly described in the Circular;

4. to re-appoint UHY McGovern Hurley LLP as auditor of the Corporation and authorize the directors to fix their remuneration; and

5. to transact such further or other business as may properly come before the Meeting or any postponement(s) or adjournment(s) thereof.

This notice is accompanied by a form of proxy, the Circular, and the audited consolidated financial statements of the Corporation as at and for the fiscal year ended December 31, 2019. Shareholders who are unable to attend the Meeting in person are requested to complete, date, sign and return the enclosed form of proxy so that as large a representation as possible may be had at the Meeting.

The directors of the Corporation have fixed the close of business on February 22, 2021 as the record date, being the date for the determination of the registered holders entitled to notice and to vote at the Meeting and any adjournment(s) thereof.

The board of directors of the Corporation has by resolution fixed 10:00 a.m. (Toronto time) on March 25, 2021 or 48 hours (excluding Saturdays, Sundays and holidays) before any adjournment of the Meeting as the time by which proxies to be used or acted upon at the Meeting or any adjournment(s) thereof shall be deposited with the Corporation’s transfer agent, in accordance with the instructions set forth in the accompanying Circular and the form of proxy.

DUE TO THE COVID-19 PANDEMIC AND GIVEN THE RESTRICTIONS ON PUBLIC GATHERINGS AND IN THE BEST INTEREST OF THE HEALTH OF ALL PARTICIPANTS IN THE COMPANY’S MEETING, THE COMPANY RESPECTFULLY ASKS THAT ALL SHAREHOLDERS DO NOT ATTEND THE MEETING IN PERSON. THE COMPANY STRONGLY ENCOURAGES SHAREHOLDERS TO VOTE THEIR SHARES BY PROXY IN ADVANCE OF THE MEETING AS DESCRIBED IN THESE MATERIALS.

Shareholders and/or their appointees may participate in the Meeting by way of conference call however votes cannot be cast on the conference call. Please send an email by March 25, 2021, to jpeng@marrellisupport.ca to receive conference call details.

DATED at Toronto, Ontario as of the 22[nd] day of February, 2021.

BY ORDER OF THE BOARD

(Signed) “Dong Zheng” President and Chief Executive Officer