Jubilee Gold Exploration Ltd. — AGM Information 2020

Dec 7, 2020

JUBILEE GOLD EXPLORATION LTD.

NOTICE OF THE ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE is hereby given that the annual general and special meeting of the shareholders of JUBILEE GOLD EXPLORATION LTD. (the "Corporation") will be held on December 11, 2020, at the hour of 10:00 a.m. in the morning, Toronto time, for the following purposes:

1. to receive the audited financial statements of the Corporation for the financial year ended December 31, 2019 and the report of the auditors on such financial statements;

2. to set the number of directors at five;

3. to elect directors for the ensuing year;

4. to appoint auditors and authorize the directors to fix the auditors' remuneration;

5. to approve the resolution for the Consolidation of Common Shares as set out in the Management Information Circular; and

6. to transact all such other business as may properly come before the meeting and any and all adjournments thereof.

A copy of a Management Information Circular and a Form of Proxy accompany this notice and form

a part hereof .

The directors have fixed that time which is 48 hours, excluding Saturdays, Sundays and holidays, prior to the hour of the meeting or an adjournment thereof as the time before which proxies to be used at the meeting must be deposited with the Corporation or an agent thereof. A failure to so deposit the proxy will result in its in validation.

Non-registered beneficial shareholders must follow the voting instructions provided by their broker, securities dealer, bank, trust company or similar entity in order to vote their Class A Common Shares.

DATED at Toronto, Ontario this 12[th] day of November, 2020.

BY ORDER OF THE BOARD OF DIRECTORS

"Jejfrey J Becker"

Jeffrey J. Becker: President and CEO