Cavvy Energy Ltd. — Proxy Solicitation & Information Statement 2026

Apr 6, 2026

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NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

Please join Cavvy Energy Ltd. (the "Corporation" or "Cavvy") at its 2026 annual meeting (the "Meeting") of the holders of common shares ("Shareholders").

WHEN

Friday May 8, 2026, at 1:30 – 3:00 pm (Mountain Time)

WHERE

Macleod Room, Norton Rose Fulbright Canada LLP, Suite 3700, 400 3rd Avenue SW, Calgary, Alberta, T2P 4H2

YOUR VOTE MATTERS

If you held Cavvy common shares on March 24, 2026, you are entitled to receive notice of, attend and vote at the Meeting.

BUSINESS OF THE MEETING

1. Receiving the 2025 audited consolidated financial statements of the Corporation and the related auditor's report;
2. Fixing the number of directors of the Corporation to be elected at seven;
3. Electing the directors of the Corporation;
4. Appointing Ernst & Young LLP as auditors of the Corporation and authorizing the directors to fix their remuneration;
5. Conducting an advisory vote on the Corporation's approach to executive compensation; and
6. Transacting any other business that is properly brought before the Meeting or any adjournment or postponement thereof.

The accompanying Management Information Circular tells you about the items of business for consideration, including the full text of the resolutions to be approved by Shareholders, who may vote and how you can vote.

Registered Shareholders

If you are a Shareholder of record of common shares of the Corporation at the close of business on March 24, 2026, you are entitled to receive notice of, attend and vote at the Meeting. For more information on how to vote if you are a transferee of common shares acquired after March 24, 2026, please see the accompanying Management Information Circular.

Registered Shareholders (as defined in the accompanying Management Information Circular) may attend the Meeting in person or be represented by proxy. Registered Shareholders who are unable to attend the Meeting, or any adjournment or postponement thereof, in person are requested to complete and return the accompanying proxy form and mail it in the envelope provided. To be effective, the proxy form must be received by Odyssey Trust Company (a) by mail or by hand delivery at Odyssey Trust Company, Attention: Proxy Department, Trader's Banking Building, 1100-67 Yonge Street Toronto, Ontario M5E 1J8, (b) by internet at https://login.odysseytrust.com/pxlogin, or (c) by facsimile at (800) 517-4553, in each case by no later than 1:30 pm (Mountain Time) on May 6, 2026, or not less than 48 hours preceding any adjournment or postponement of the Meeting (excluding Saturdays, Sundays and holidays).

Non-Registered Shareholders

If you are a Non-Registered Shareholder (as defined in the accompanying Management Information Circular), complete and return the voting instruction form sent to you by your broker or intermediary in accordance with the instructions for voting described therein in advance of the deadline set forth in the voting instruction form. You may not be entitled to vote at the Meeting. Please read the "MEETING AND VOTING INFORMATION" section of the accompanying Management Information Circular for further information.

The Corporation has elected to use the notice-and-access regime under National Instrument 54-101 – Communication with Beneficial Owners of Securities of a Reporting Issuer and National Instrument 51-102 – Continuous Disclosure Obligations to deliver the Management Information Circular and associated materials to Shareholders of the Corporation. Using notice-and-

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access allows the Corporation to post electronic versions of these materials on the System for Electronic Data Analysis and Retrieval+ ("SEDAR+") at www.sedarplus.ca and on the Corporation's website at www.cavvyenergy.com, rather than mailing paper copies to Shareholders. The materials will also be available via our registrar and transfer agent, Odyssey Trust Company, at https://odysseytrust.com/client/cavvy-energy-ltd.

By order of the Board of Directors of Cavvy Energy Ltd.

Dated March 24, 2026, at Calgary, Alberta

(signed) "Darcy Reding"

Darcy Reding

President & Chief Executive Officer

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