Magma Silver Corp. — Proxy Solicitation & Information Statement 2026

Apr 24, 2026

MAGMA SILVER CORP.
TSAV: MGMA

MAGMA SILVER CORP.

(previously African Energy Metals Inc.)

April 24, 2026

VIA SEDAR+

TO: All Canadian Securities Regulatory Authorities

Dear Sir or Madam:

Re: Magma Silver Corp. – Notice of Annual General & Special Meeting

As required by Section 2.2 of National Instrument 54-101, please be advised of the following:

Meeting Type:	Annual General & Special Meeting
Meeting Date:	June 25, 2026
Meeting Location:	Vancouver, BC
Record Date for Notice:	May 21, 2026
Record Date for Voting:	May 21, 2026
Beneficial Ownership Determination Date:	May 21, 2026
Class of Securities Entitled to Receive Notice:	Common Shares
Class of Securities Entitled to Vote:	Common Shares
Business Type:	Special
OBO Distribution Type:	Issuer will not pay for OBOs
Sending proxy materials directly to NOBOS:	No

Notice & Access (NAA) Requirements:

• NAA for Beneficial Holders: No
• Beneficial Holders Stratification Criteria: No
• NAA for Registered Holders: No
• Registered Holders Stratification Criteria: No

Voting Security Details:

Common Shares: CUSIP: 558922100

Yours truly,

MAGMA SILVER CORP.

/s/ “Jason Baker”

Jason Baker, CFO & Corporate Secretary

6^{\text{th}} Floor – 905 W Pender Street, Vancouver, BC V6C 1L6