Intrepid Metals Corp. — AGM Information 2024

Nov 19, 2024

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Suite 2400, 1055 West Georgia Street Vancouver, British Columbia, V6E 3P3 Tel: (604) 681-8030

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NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the Annual General and Special Meeting (the “ Meeting ”) of the Shareholders of Intrepid Metals Corp. (the “ Company ”) will be held at 25[th] Floor, 700 West Georgia Street, Vancouver, B.C., V7Y 1B3, on Thursday, December 19, 2024, at 11:00 a.m. (Pacific Time) for the following purposes:

1. To receive and consider the audited consolidated financial statements of the Company for the year ended December 31, 2023 and the report of the auditors thereon.

2. To set the number of directors of the Company at eight.

3. To elect Mark Morabito, Jay Sujir, Mark Lotz, Kenneth Engquist, Brian Shin, Leonard Karr, Matthew Lennox-King and Richard Lock, as directors of the Company on the basis set forth in the accompanying information circular of the Company dated October 30, 2024 (the “ Information Circular ”).

4. To appoint DMCL LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and to authorize the directors to fix the auditor's remuneration.

5. To consider and, if thought fit, pass with or without variation, an ordinary resolution approving and ratifying the Company’s Amended Stock Option Plan, as more particularly described in the Information Circular.

6. To consider and, if thought fit, pass with or without variation, an ordinary resolution approving and ratifying the Company’s Amended Restricted Share Unit Plan, as more particularly described in the Information Circular.

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

NOTICE-AND-ACCESS

Notice is also hereby given that the Company has decided to use the notice-and-access method of delivery of materials for the Meeting. The notice-and-access method allows for the Company to deliver Meeting materials via the internet in accordance with the applicable rules set forth in National Instrument 54-101 Communications with Beneficial Owners of Securities of a Reporting Issuer. Under the notice-and-access system, Shareholders still receive a proxy or voting instruction form (as applicable) enabling them to vote at the Meeting. However, instead of a paper copy of the Information Circular, the audited financial statements of the Company as at and for the fiscal year ended December 31, 2023 and related management’s discussion and analysis of financial condition, Shareholders receive notification with information on how they may access such Meeting materials electronically. The use of this alternative method of delivery is more environmentally friendly as it will help reduce paper use and will also reduce the cost of printing and mailing Meeting materials to Shareholders. Shareholders are reminded to view the Meeting materials prior to voting .

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Shareholders may access these materials under the Company’s profile on SEDAR+ at www.sedarplus.com or at https://docs.tsxtrust.com/2340.

Registered holders or beneficial owners may request paper copies of the Meeting materials be sent to them by postal delivery at no cost to them. Requests may be made up to one year from the date the Meeting materials are posted on the website referenced above. In order to receive a paper copy of the Meeting materials or if you have any questions concerning notice-and-access, please call toll free at 1-866-600-5869 or email tsxtis@tmx.com. Requests for paper materials should be received by December 10, 2024 in order to receive the Meeting materials in advance of the Meeting.

If you are a registered shareholder and are unable to attend the Meeting in person, please complete, date and sign the accompanying form of proxy and deposit it with the Company’s Registrar and Transfer Agent, TSX Trust Company, located at 301 – 100 Adelaide Street West, Toronto, ON, M5H 4H1, at least 48 hours (excluding Saturdays, Sundays and holidays) before the time of the Meeting.

If you are a non-registered shareholder and received this Notice of Meeting and accompanying materials through a broker, a financial institution, a participant, a trustee or administrator of a self-administered retirement savings plan, retirement income fund, education savings plan or other similar self-administered savings or investment plan registered under the Income Tax Act (Canada), or a nominee of any of the foregoing that holds your shares on your behalf (an “ Intermediary ”), please complete and return the materials in accordance with the instructions provided to you by your Intermediary.

The directors of the Company have fixed the close of business on October 30, 2024 as the record date, being the date for the determination of the registered holders entitled to notice and to vote at the Meeting and any adjournment(s) thereof.

DATED at Vancouver, British Columbia, this 30[th] day of October, 2024.

BY ORDER OF THE BOARD OF DIRECTORS

“Mark J. Morabito” Mark J. Morabito Chairman