Canadian Metals Inc. — Proxy Solicitation & Information Statement 2025

Dec 18, 2025

CANADIAN METALS

CANADIAN METALS INC.

2700 – 1000 Sherbrooke Street West

Montreal, Quebec H3A 3G4

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN THAT an annual general and special meeting (the “Meeting”) of holders (the “Shareholders”) of common shares (“Common Shares”) of Canadian Metals Inc. (the “Company”) will be held on January 22, 2026 at 10:00 a.m. (Montréal time) at McMillan LLP’s office located at 1000 Sherbrooke W., Suite 2700, Montréal, Québec, with the teleconference access as set forth below. To ensure a smooth process, the Company is asking registered participants to log in or to arrive by 9:55 a.m. (Montréal time) on January 22, 2026.

• Meeting Link: Rejoignez la réunion maintenant
• Canada Toll: +1 647-749-9154
• Canada Toll Free: (888) 603-7710
• Meeting number: 280 803 005 992 39
• Secret code: vV9Me3Qk

The Meeting will be held for the following purposes:

1. to receive the audited annual financial statements of the Company for the year ended July 31, 2025, together with the report of the auditor thereon, and the related management’s discussion and analysis;
2. to set the number of directors of the Company at five (5);
3. to elect the Board of Directors of the Company for the ensuing year;
4. to appoint MNP LLP, Chartered Professional Accountants as auditors of the Company for the ensuing year and to authorize the directors to fix the auditors’ remuneration;
5. to consider, and if thought fit, approve an ordinary resolution to ratify, confirm and approve the Company’s 10% rolling Stock Option Plan, as more particularly described in the accompanying information circular;
6. to consider, and if deemed advisable, to approve the special resolution to the accompanying joint information circular, approving the continuance of the Company under the Canada Business Corporations Act and the adoption of a new CBCA compliant by-law;
7. to consider and, if deemed advisable, to adopt a special resolution approving the name change of the Company to “Silver Acadia Inc.” or such other name as the directors, in their discretion, may deem advisable; and
8. to transact such further or other business as may properly come before the Meeting or any adjournment or adjournments thereof.

Accompanying this notice of annual general and special meeting (the “Notice of Meeting”) is an information circular dated December 17, 2025 (the “Information Circular”), a form of proxy or voting instruction form and a reply card for use by Shareholders who wish to receive the Company’s interim and/or annual financial statements. The accompanying Information Circular provides information relating to the matters to be addressed at the Meeting and is incorporated into this Notice of Meeting.

Each Common Share entitled to be voted at the Meeting will entitle the holder thereof to one vote at the Meeting in respect of each item of business. If you are unable to attend the Meeting, you may complete and return the enclosed form of proxy following the instructions therein.

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DATED at Montréal, Québec, this 17th day of December, 2025.

BY ORDER OF THE BOARD OF DIRECTORS

“Michel Gagnon”

Michel Gagnon, Director

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