Moon River Moly Ltd. — Proxy Solicitation & Information Statement 2022

Feb 8, 2022

Moon River Capital Ltd.

(the “Company”)

FORM OF PROXY (“PROXY”)

Annual and Special Meeting Tuesday, March 1, 2022 at 10:00 a.m. (EST) Irwin Lowy LLP, Suite 401, 217 Queen Street West, Toronto, ON M5V 0R2 (the “Meeting”)

RECORD DATE: January 28, 2022 CONTROL NUMBER: SEQUENCE #: FILING DEADLINE FOR PROXY: Friday, February 25, 2022 at 10:00 a.m. (EST)

VOTING METHOD

FILING DEADLINE FOR PROXY: Friday, February 25, 2022 at 10:00 a.m. (EST)	FILING DEADLINE FOR PROXY: Friday, February 25, 2022 at 10:00 a.m. (EST)
**VOTING METHOD **
INTERNET	Go towww.voteproxyonline.comand enter the 12 digit control numberabove
FACSIMILE	416-595-9593
MAIL	TSX Trust Company 301 - 100 Adelaide Street West Toronto,Ontario,M5H 4H1

The undersigned hereby appoints Jamie Levy , whom failing Kerry Knoll , or failing both of them Ian McDonald (the “Management Nominees”), or instead of any of them, the following Appointee

Please print appointee name

as proxyholder on behalf of the undersigned with the power of substitution to attend, act and vote for and on behalf of the undersigned in respect of all matters that may properly come before the Meeting and at any adjournment(s) or postponement(s) thereof, to the same extent and with the same power as if the undersigned were personally present at the said Meeting or such adjournment(s) or postponement(s) thereof in accordance with voting instructions, if any, provided below.

- SEE VOTING GUIDELINES ON REVERSE -

- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -	- SEE VOTING GUIDELINES ON REVERSE -
	RESOLUTIONS – MANAGEMENT VOTING RECOMMENDATIONS ARE INDICATED BYHIGHLIGHTED TEXT ABOVE THE BOXES
			FOR WITHHOLD FOR WITHHOLD FOR AGAINST FOR AGAINST FOR AGAINST FOR AGAINST FOR AGAINST
	1. Election of Directors		FOR						WITHHOLD
		a) Jamie Levy
		b) KerryKnoll
		c) Ian McDonald
	2. Appointment of Auditor		FOR						WITHHOLD
	To appointWasserman Ramsay, Chartered Accountantsas auditor of the Company.
	3. Approval of Stock Option Plan		FOR						AGAINST
	To approve and confirm the stock option plan of the Company.
	4. Removal of Consequences Associated with the Company Not Completing a Qualifying Transaction Within 24 Months After Its Listing Date		FOR						AGAINST
	To consider, and if appropriate, to pass, with or without variation, an ordinary resolution of the majority of the disinterested shareholders of the
	Company to ratify, confirm and approve the removal of the consequences associated with the Company not completing a qualifying transaction within 24 months after its date of listing with the TSX Venture Exchange.
	5. Amendment of Escrow Agreement		FOR						AGAINST
	To consider, and if appropriate, to pass, with or without variation, an ordinary resolution of the majority of the disinterested shareholders of the
	Company to ratify, confirm and approve certain amendments to the Company’s escrow agreement.
	6. Permitting Payment of a Finder’s Fee to a Non-Arm’s Length Party to the Company		FOR						AGAINST
	To consider, and if deemed appropriate, to pass, with or without variation, an ordinary resolution of the majority of the disinterested shareholders of the
	Company to ratify, confirm and approve the payment of a finder’s fee to a non-arm’s length party to the Company.
	7. Enactment of New By-Laws		FOR						AGAINST
	To consider and, if deemed advisable, pass, with or without variation, a resolution confirming the repeal of all existing by-laws of the Company and
	ratifying and approving the enactment of a new by-law no. 1 of the Company.

This proxy revokes and supersedes all earlier dated proxies and MUST BE SIGNED

PLEASE PRINT NAME

Signature of registered owner(s) Date (MM/DD/YYYY)

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Proxy Voting – Guidelines and Conditions

1. THIS PROXY IS SOLICITED BY MANAGEMENT OF THE COMPANY.

2. THIS PROXY SHOULD BE READ IN CONJUNCTION WITH THE MEETING MATERIALS PRIOR TO VOTING.

3. If you appoint the Management Nominees to vote your securities, they will vote in accordance with your instructions or, if no instructions are given, in accordance with the Management Voting Recommendations highlighted for each Resolution on the reverse. If you appoint someone else to vote your securities, they will also vote in accordance with your instructions or, if no instructions are given, as they in their discretion choose.

4. This proxy confers discretionary authority on the person named to vote in his or her discretion with respect to amendments or variations to the matters identified in the Notice of the Meeting accompanying the proxy or such other matters which may properly come before the Meeting or any adjournment or postponement thereof.

5. Each security holder has the right to appoint a person other than the Management Nominees specified herein to represent them at the Meeting or any adjournment or postponement thereof. Such right may be exercised by inserting in the space labeled “ Please print appointee name ”, the name of the person to be appointed, who need not be a security holder of the Company.

Request for Financial Statements

In accordance with securities regulations, security holders may elect to receive Annual Financial Statements and MD&A. Instead of receiving the financial statements by mail, you may choose to view these documents on SEDAR at www.sedar.com. I am currently a security holder of the Company and as such request the following:  [Annual Financial Statements with MD&A ] If you are casting your vote online and wish to receive financial statements, please complete the online request for financial statements following your voting instructions. If the cut-off time has passed, please fax this side to 416-595-9593 Moon River Capital Ltd. 2022

1. To be valid, this proxy must be signed. Please date the proxy. If the proxy is not dated, it is deemed to bear the date of its mailing to the security holders of the Company.

2. To be valid, this proxy must be filed using one of the Voting Methods and must be received by TSX Trust Company before the Filing Deadline for Proxies , noted on the reverse or in the case of any adjournment or postponement of the Meeting not less than 48 hours (Saturdays, Sundays and holidays excepted) before the time of the adjourned or postponed meeting. Late proxies may be accepted or rejected by the Chairman of the Meeting in his discretion, and the Chairman is under no obligation to accept or reject any particular late proxy.

3. If the security holder is a corporation, the proxy must be executed by an officer or attorney thereof duly authorized, and the security holder may be required to provide documentation evidencing the signatory’s power to sign the proxy.

4. Guidelines for proper execution of the proxy are available at www.stac.ca. Please refer to the Proxy Protocol.

Investor inSite

TSX Trust Company offers at no cost to security holders, the convenience of secure 24-hour access to all data relating to their account including summary of holdings, transaction history, and links to valuable security holder forms and Frequently Asked Questions.

To register, please visit www.tsxtrust.com/investorinsite

Click on, “ Register ” and complete the registration form. Call us toll free at 1-866-600-5869 with any questions.

www.tsxtrust.com

VANCOUVER CALGARY TORONTO MONTRÉAL

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