CWC Energy Services Corp. — AGM Information 2021

May 20, 2021

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Notice of Annual Meeting of Shareholders

Dear Shareholder:

The Board of Directors (the " Board ") of CWC Energy Services Corp. (the " Corporation ") invites you to attend the annual meeting (the " Meeting ") of holders of common shares (the " Common Shares ") of the Corporation (the " Shareholders ") to be held in the Northcote & Angus Rooms (Bow Valley Square), located at Suite 300, 205 – 5[th] Avenue S.W., Calgary, Alberta, on June 16, 2021 at 9:00 a.m. (Calgary time) for the following purposes:

1. to present the audited financial statements for the fiscal year ended December 31, 2020, together with the auditors' report thereon;

2. to appoint auditors for the ensuing year and authorize the directors to fix their remuneration;

3. to set the number of directors to be elected at the Meeting at six members and to elect six (6) directors to hold office until the next annual meeting;

4. to re-approve the Corporation's option plan; and

5. to transact such other business as may properly come before the Meeting.

The Information Circular accompanying this Notice provides additional information relating to the matters to be dealt with at the Meeting and is incorporated into and forms part of this Notice. If you are unable to attend the Meeting in person, please complete, date and sign the enclosed form of proxy and return it, in the envelope provided to Computershare Trust Company of Canada, 8[th] Floor, 100 University Avenue, Toronto, Ontario, M5J 2Y1, so that it is received no later than 9:00 a.m. (Calgary time) on Monday, June 14, 2021 or by 9:00 a.m. (Calgary time) on the second business day prior to the date of the Meeting or any adjournment thereof.

Shareholders are cautioned that the use of the mail to transmit proxies is at each shareholder's risk.

The Board has fixed the record date for the Meeting at the close of business on May 12, 2021 (the " Record Date "). Shareholders of record as at the Record Date are entitled to receive notice of the Meeting and to vote those Common Shares included in the list of shareholders entitled to vote at the Meeting prepared as at the Record Date, unless any such shareholder transfers Common Shares after the Record Date and the transferee of those Common Shares, having produced properly endorsed certificates

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evidencing such Common Shares or having otherwise established that it owns such Common Shares, demands, not later than 10 days before the Meeting, that the transferee's name be included in the list of Shareholders entitled to vote at the Meeting, in which case such transferee shall be entitled to vote such Common Shares at the Meeting.

The Corporation is very much aware of the public health concerns and requirements respecting the ongoing COVID-19 pandemic. The Corporation asks that, in considering whether to attend the Meeting in person, shareholders follow the instructions of the Public Health Agency of Canada (www.canada.ca/en/public-health.html), the Alberta Health Services (www.albertahealthservices.ca) guidelines, and the Alberta Government restrictions on public gatherings (https://www.alberta.ca/restrictions-on-gatherings.aspx). Given these public health guidelines - in particular the crucial importance of "social distancing" – the Corporation encourages shareholders NOT to attend the Meeting in person, particularly if they are experiencing any of the described COVID-19 symptoms of fever, cough or difficulty breathing. Subject to the Corporation's by-laws, attendance in person at the Meeting will be restricted to essential personnel and registered shareholders and proxyholders entitled to attend and vote at the Meeting; no external guests will be allowed to attend. As such, the Corporation has organized a conference call (details below) whereby shareholders can listen to the Meeting. This is not a virtual meeting and as such shareholders cannot vote or ask questions as part of the conference call. As shareholder participation at the Meeting is important, we encourage all shareholders to vote their Common Shares in advance of the Meeting by completing the accompanying form of proxy and return it in accordance with the instructions above or by internet voting on Computershare Trust Company of Canada's website, www.investorvote.com (detailed instructions are included with your proxy materials).

The instrument appointing a proxy must be in writing and must be executed by the shareholder or the shareholder's attorney authorized in writing or, if the shareholder is a corporation, under its corporate seal or by an officer or attorney thereof duly authorized.

The person named in the enclosed form of proxy is a director and/or officer of the Corporation. Each shareholder has the right to appoint a proxyholder other than such person named in the form of proxy, who need not be a shareholder, to attend and to act for such shareholder and on such shareholder's behalf at the Meeting. To exercise such right, the name of the nominee of management should be crossed out and the name of the shareholder's appointee should be legibly printed in the blank space provided.

Shareholders are cautioned that the use of mail to transmit proxies is at such shareholder's risk. In the event of a strike, lockout or other work stoppage involving postal employees, the form of proxy should be returned by fax to 1-866-249-7775 if inside North America and 1-416-263-9524 if outside North America (Attention: Proxy Department), by telephone by calling 1-866-732-8683 or by internet voting on Computershare Trust Company of Canada's website, www.investorvote.com.

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Please note that, given the circumstances, there will not be a corporate presentation by management following the formal portion of the Meeting. A current corporate presentation can be found on the Corporation’s website at www.cwcenergyservices.com.

Shareholders may use the following information to listen to the Meeting via conference call.

Telephone number: 1-855-959-9009

Access Code: 143 056 7495

Calgary, Alberta May 12, 2021

By Order of the Board of Directors (signed) " Duncan Au " Duncan Au President and Chief Executive Officer