Gelum Resources Ltd. — AGM Information 2021

Jun 23, 2021

GELUM CAPITAL LTD.

Suite 2710 – 200 Granville Street

Vancouver, BC, Canada, V6C 1S4

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING

NOTICE IS GIVEN that the Annual General and Special Meeting of Shareholders (the “ Meeting ”) of Gelum Capital Ltd. (the “ Company ”) will be held at the Company’s office located at Suite 2710 – 200 Granville Street, Vancouver, British Columbia, V6C 1S4, on Friday July 30, 2021 at 9:00 a.m. (Vancouver time) for the following purposes:

1. To receive the audited consolidated financial statements of the Company for the financial year ended April 30, 2020 and the auditor’s reports thereon;

2. To fix the number of directors for the ensuing year at three;

3. To elect directors of the Company for the ensuing year;

4. To appoint, Davidson & Company LLP, Chartered Professional Accountants, as the Company’s auditor for the ensuing financial year and to authorize the directors to set the auditor’s remuneration;

5. To approve the Company’s 10% rolling stock option plan, as more particularly set out in the accompanying information circular; and

6. To transact such other business as may properly come before the Meeting or any adjournment thereof,

all as more particularly set out in the attached Management Information Circular. The form of proxy accompanies this Notice. The audited financial statements, auditors’ report and management’s discussion and analysis have been delivered to those shareholders who indicated to the Company that they wished to receive copies of same.

The Directors have fixed the close of business on June 15, 2021 as the record date for determination of shareholders entitled to notice of and the right to vote at the Meeting either in person or by proxy. A shareholder who is unable to attend the Meeting in person and who wishes to ensure that their shares will be voted at the Meeting, is requested to complete, date and execute the enclosed form of Proxy and deliver it to the Company’s transfer agent: Computershare Investor Services Inc., Proxy Dept., 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1, FACSIMILE (within North America) 1-866-249-7775 (outside North America) (416) 263-9524, by fax, hand or by mail in accordance with the instructions set out in the form of Proxy and Management Information Circular.

BY ORDER OF THE BOARD OF DIRECTORS

“Robert C. Kopple” Director

June 15, 2021