First Atlantic Nickel Corp. — AGM Information 2021

Jan 27, 2021

ARCPACIFIC RESOURCES CORP. 810 - 789 West Pender Street

Vancouver, BC V6C 1H2

NOTICE OF ANNUAL GENERAL & SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON THURSDAY, FEBRUARY 18, 2021

NOTICE IS HEREBY GIVEN that an annual general & special meeting (the “ Meeting ”) of the holders of common shares (collectively, the “ Shareholders ” or individually, a “ Shareholder ”) of ArcPacific Resources Corp. (the “ Company ”) will be held at the Company’s management office at Suite 810, 789 West Pender Street, Vancouver, British Columbia, V6C 1H2 on Thursday, February 18, 2021 at the hour of 10:00 a.m. Pacific Standard Time, for the following purposes:

1. to receive the audited financial statements of the Company for the financial years ended on January 31, 2020, together with the report of the auditor thereon;

2. to set the number of directors at five (5);

3. to elect the directors of the Company to hold office until the next annual meeting of Shareholders;

4. to appoint Manning Elliott LLP, Chartered Accountant, as auditor of the Company for the ensuing year and to authorize the directors of the Company to fix its remuneration;

5. to consider and, if thought appropriate, pass, with or without variation, a resolution approving the Company’s rolling stock option plan, as more fully described in the accompanying management information circular dated January 14, 2021 (the “ Circular ”); and

6. to transact such other business as may properly be brought before the Meeting or any adjournment or adjournments thereof.

Accompanying this Notice of Annual General & Special Meeting of Shareholders is the Circular and a form of Proxy or Voting Instruction Form and a Financial Statement Request Form.

A Shareholder wishing to be represented by proxy at the Meeting or any adjournment thereof must deposit his, her or its duly executed form of proxy with the Company’s transfer agent and registrar, Computershare Investor Services Inc. (the “Transfer Agent”) (i) by mail using the enclosed return envelope or (ii) by hand delivery to Computershare, 8th Floor, 100 University Avenue, Toronto, Ontario, M5J 2Y1. Alternatively, you may vote by telephone at 1-866-732-VOTE (8683) (toll free within North America) or 1-312-588-4290 (outside North America), by facsimile to 1-866-249-7775 or 1-416-263-9524 (if outside North America), or by internet using the 15 digit control number located at the bottom of the form of proxy at www.investorvote.com. All instructions are listed in the enclosed form of proxy. Proxies or voting instructions must be received in each case no later than 10:00 a.m. (Pacific Standard Time) on Tuesday, February 16, 2021 or deliver it to the chairman of the Meeting on the day of the Meeting or any adjournment thereof prior to the time of voting.

Shareholders who are unable to be present personally at the Meeting are urged to sign, date and return the enclosed form of proxy in the envelope provided for that purpose. If you plan to be present personally at the Meeting, you are requested to bring the enclosed form of proxy for identification. The record date for the determination of those Shareholders entitled to receive the Notice of Annual General Meeting of Shareholders and to vote at the Meeting, is the close of business on January 14, 2021.

• 2 -

In view of the current and rapidly evolving COVID-19 outbreak, the Company asks that, in considering whether to attend the Meeting in person, shareholders follow the instructions of the Public Health Agency of Canada (https://www.canada.ca/en/public-health/services/diseases/2019-novel-coronavirus-infection.html). The Company encourages Shareholders not to attend the Meeting in person if experiencing any of the described COVID-19 symptoms of fever, cough or difficulty breathing. The Company may take additional precautionary measures in relation to the Meeting in response to further developments in the COVID-19 outbreak. As always, the Company encourages shareholders to vote prior to the Meeting. Shareholders are encouraged to vote on the matters before the Meeting by proxy and to join the Meeting by teleconference. To access the Meeting by teleconference, dial toll free at 1-800-319-7310, Participation Code: 39668, followed by the # sign.

Dated at Vancouver, British Columbia, this 14[th] day of January, 2021.

BY ORDER OF THE BOARD OF DIRECTORS

“Adrian Smith” Adrian Smith Director & Chief Executive Officer