Juggernaut Exploration Ltd. — Proxy Solicitation & Information Statement 2024

Dec 10, 2024

JUGGERNAUT EXPLORATION LTD.

NOTICE OF 2024 ANNUAL GENERAL AND SPECIAL MEETING

The 2024 Annual General and Special Meeting (the "Meeting") of the Shareholders of Juggernaut Exploration Ltd. (the "Company" or "Juggernaut") will be held at 2110 – 650 West Georgia Street, Vancouver, British Columbia, at 11:00 a.m. (local Vancouver time) on January 7, 2025, for the following purposes:

1. to receive the audited financial statements of the Company for its financial year ended September 30, 2023, the Report of the Auditor on those statements, and the related Management Discussion & Analysis;
2. to appoint an auditor for the ensuing year and to authorize the directors of the Company to fix the auditor's remuneration;
3. to set the number of directors for the ensuing year at five (5);
4. to elect the directors of the Company for the ensuing year;
5. to approve amendments to the Company's Stock Option Plan; and
6. to transact such other business as may properly be brought before the Meeting or any adjournment(s) or postponement(s) thereof.

The accompanying management information circular (the "Circular") provides additional information relating to the matters to be dealt with at the Meeting and is supplemental to, and expressly made a part of, this notice.

The board of directors of the Company has fixed 4:00 p.m. (Vancouver time) on November 12, 2024 as the record date (the "Record Date") for determination of shareholders entitled to receive notice of and to vote at the Meeting and at any adjournment(s) or postponement(s) thereof. Each registered shareholder as of the Record Date is entitled to such notice and to vote at the Meeting in the circumstances set out in the Circular.

Registered shareholders who wish to ensure that their shares are voted at the Meeting are requested to complete, sign, date and return the enclosed form of proxy in accordance with the instructions set forth therein and in the Circular. A proxy will not be valid unless it is properly completed and received by Computershare Trust Company of Canada, at 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1 not fewer than 48 hours before the time fixed for the Meeting.

If you hold your Common Shares in a brokerage account, you are a non-registered shareholder ("Beneficial Shareholder"). Beneficial Shareholders who hold their Common Shares through a bank, broker or other financial intermediary should carefully follow the instructions found on the form of Proxy or VIF provided to them by their intermediary, in order to cast their vote.

DATED at Vancouver, British Columbia this 26th day of November, 2024.

BY ORDER OF THE BOARD

Daniel Stuart, President and Chief Executive Officer