Lithium Royalty Corp. — Proxy Solicitation & Information Statement 2026

Jan 27, 2026

LITHIUM ROYALTY CORP.

CERTIFICATE PURSUANT TO SECTION 2.20 OF
NATIONAL INSTRUMENT 54-101 –
COMMUNICATION WITH BENEFICIAL OWNERS OF
SECURITIES OF A REPORTING ISSUER

Reference is made to the special meeting (the "Meeting") of shareholders of Lithium Royalty Corp. (the "Company") to be held on February 26, 2026. I, Philip Panet, the COO & VP Legal of the Company, hereby certify, for and on behalf of the Company, and not in my personal capacity, that:

(a) arrangements have been made to have the proxy-related materials for the Meeting sent in compliance with the applicable timing requirements in section 2.12 of National Instrument 54-101 – Communication with Beneficial Owners of Securities of a Reporting Issuer ("NI 54-101");

(b) arrangements have been made to carry out all of the requirements of NI 54-101 in addition to those described in paragraph (a) above; and

(c) the Company is relying on section 2.20 of NI 54-101 to abridge the time periods prescribed in subsections 2.2(1) and 2.5(1) of NI 54-101 in connection with the Meeting.

The term "proxy-related materials" as used in this Certificate shall have the meaning given to it in NI 54-101.

DATED as of the 27th day of January, 2026.

By: "Philip Panet"
Name: Philip Panet
Title: COO & VP Legal