Canasil Resources Inc. — AGM Information 2021

Aug 31, 2021

CANASIL RESOURCES INC. #1760 - 750 WEST PENDER STREET VANCOUVER, B.C. V6C 2T8

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that an annual general meeting (the “ Meeting ”) of the shareholders of Canasil Resources Inc. (the “ Company ”) will be held by telephone conference call on September 28, 2021 at 10:30 a.m. (Vancouver time). Shareholders will not be able to attend the Meeting in person.

The Meeting will be held for the following purposes:

1. to receive and consider the financial statements of the Company for the year ended December 31, 2020, together with the auditor’s report thereon;

2. to fix the number of directors at four;

3. to elect directors for the ensuing year;

4. to appoint Davidson & Company LLP, Chartered Professional Accountants, as auditor of the Company for the ensuing year and authorize the directors to determine the remuneration to be paid to the auditor;

5. to confirm the Company’s stock option plan, as required annually by the policies of the TSX Venture Exchange; and

6. to transact such other business as may properly be put before the Meeting.

Important

As this is a virtual only Meeting, Shareholders are encouraged to complete, date and sign the enclosed form of proxy and return it to Computershare Investor Services Inc. at 100 University Avenue, 8[th] Floor, Toronto, Ontario, M5J 2Y1, Attention: Proxy Department, by 10:30 a.m. (Vancouver, British Columbia time) on September 24, 2021 (or before 48 hours, excluding Saturdays, Sundays and holidays before any adjournment of the Meeting at which the proxy is to be used). Only shareholders of record at the close of business on August 24, 2021 will be entitled to vote at the Meeting. Shareholders will not be able to vote through the conference call. Voting will be conducted exclusively by proxy.

In accordance with the advice of public health officials with respect to COVID-19, and in compliance with the Company’s Articles, the Meeting will be held exclusively by telephone conference call.

Details of Telephone Conference

Toll-free dial in number: 1 (888) 433-2192 (North America) Dial in number: 1 (778) 945-1044 (International) Participant code: 0332086

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Shareholders will have an equal opportunity to participate at the Meeting regardless of their geographic location. Participants should dial in 5-10 minutes prior to the scheduled start time and ask to join the call.

An information circular and a form of proxy accompany this notice.

DATED at Vancouver, British Columbia, the 24[th] day of August, 2021.

ON BEHALF OF THE BOARD

“Bahman Yamini”

Bahman Yamini President and Chief Executive Officer