Discovery Silver Corp. — AGM Information 2021

May 26, 2021

NOTICE OF ANNUAL GENERAL MEETING

DISCOVERY SILVER CORP.

NOTICE IS HEREBY GIVEN that the Annual General Meeting of all of the shareholders of Discovery Silver Corp. (the “ Company ”) will be held virtually by live audio webcast on Friday, June 25, 2021 at 11:00 a.m. ( EDT ) (the “ Meeting ”), for the following purposes:

1. To receive the audited annual financial statements of the Company for the year ended December 31, 2020, together with the auditor’s report thereon.

2. To appoint PricewaterhouseCoopers, Chartered Accountants as auditor of the Company for the ensuing year and to authorize the directors of the Company to fix their remuneration.

3. To set the number of directors of the Company at seven.

4. To elect the directors of the Company for the ensuing year.

5. To re-approve the Stock Option Plan of the Company.

6. To re-approve the Restricted Share Unit Plan and the Deferred Share Unit Plan of the Company.

7. To transact such further and other business as may properly come before the meeting or any adjournment thereof.

To attend the live audio webcast online, shareholders should access the following website at or - immediately prior to the start time of the Meeting: https://virtual meetings.tsxtrust.com/1111 (password: discovery2021).

A list of persons proposed to be nominated for election as directors are set out in the management information circular accompanying this Notice.

Shareholders who are unable to attend the Meeting are requested to complete, date, and sign the form of proxy accompanying this Notice. If you are a registered shareholder and are unable to be present at the Meeting in person, in order for your proxy to be valid and your votes to be counted, you must date, execute and return the accompanying form of proxy to TSX Trust Company, at Suite 301 - 100 Adelaide Street West, Toronto, ON, M5H 4H1 by not later than 11:00 a.m. (EDT) on Wednesday, June 23, 2021, or, if the Meeting is adjourned, not later than 48 hours (excluding Saturdays, Sundays, and holidays) before the time for holding the adjourned meeting. A Proxy can also be submitted by fax to TSX Trust at +1-416361-0470 or by online voting at www.voteproxyonline.com.

If you are a non-registered shareholder and receive these materials through your broker or another intermediary, please complete and return the materials in accordance with the instructions provided to you by your broker or other intermediary. If you are a non-registered shareholder and do not complete and return the materials in accordance with such instructions, you may lose the right to vote at the Meeting.

The board of directors of the Company has set record May 11, 2021, the record date for determining the shareholders entitled to receive notice of and to attend and vote at the Meeting.

Dated as of May 11, 2021.

ON BEHALF OF THE BOARD OF DIRECTORS

Taj Singh President and Chief Executive Officer

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