North Peak Resources Ltd. — AGM Information 2021

Aug 20, 2021

NORTH PEAK RESOURCES LTD.

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

To the Shareholders of North Peak Resources Ltd.:

NOTICE IS HEREBY GIVEN that an annual general and special meeting (the " Meeting ") of the shareholders (the " Shareholders ") of North Peak Resources Ltd. (the " Company ") will be held at 9:00 a.m. (Calgary time) / 11:00 a.m. (Toronto time) on Tuesday, September 21, 2021 for the following purposes:

1. to receive the audited financial statements of the Company for the year ended December 31, 2020;

2. to consider and, if deemed advisable, to fix the number of directors of the Company for the ensuing year, or as otherwise authorized by the Shareholders, at six (6) members;

3. to elect the directors of the Company for the ensuing year;

4. to appoint auditors of the Company for the ensuing year and to authorize the directors of the Company to fix the auditors' remuneration;

5. to consider, and if thought advisable, to approve, with or without variation, an ordinary resolution, the full text of which is set forth in the accompanying Information Circular of the Company dated August 11, 2021 (the " Circular "), to approve the Company's stock option plan; and

6. to transact any other business which may properly come before the Meeting or any adjournment thereof.

Only Shareholders of record at the close of business on August 12, 2021 will be entitled to vote at the Meeting.

While the Meeting location will be Calgary, Alberta, due to the continuing uncertain public impact of the coronavirus outbreak (COVID-19) and in consideration of the health and safety of Shareholders and the broader community, this Meeting will be held online only in a virtual meeting format only, by way of a live webcast. Registered Shareholders and duly appointed proxyholders will be able to listen, participate and vote at the Meeting in real time during the Meeting’s live webcast, instead of attending the Meeting in person.

THE ONLY METHOD OF ATTENDING THE MEETING WILL BE BY JOINING ONLINE AT HTTPS://MEETNOW.GLOBAL/M4U4GJP. SEE “ ATTENDING AND VOTING AT THE VIRTUAL MEETING ”, “ SHAREHOLDERS ELIGIBLE TO VOTE AT THE MEETING ”, “ REGISTERED SHAREHOLDERS ” AND “ NON-REGISTERED OR BENEFICIAL SHAREHOLDERS ” IN THE CIRCULAR FOR DETAILED INSTRUCTIONS ON HOW TO ATTEND AND VOTE AT THE MEETING.

This Notice is accompanied by the Circular, either a form of proxy for registered Shareholders or a voting instruction form for beneficial Shareholders, and, for those registered Shareholders who so requested, a copy of the audited annual consolidated financial statements and management’s discussion and analysis of the Company for the year ended December 31, 2020. You should access and review all information contained in the Circular before voting.

Notice and Access

The Company is using the “notice and access” procedure adopted by the Canadian Securities Administrators for the deliver of the Circular and other applicable Meeting materials. Under the notice and access procedure, you are still entitled to receive a form of proxy (or voting instruction form) enabling you to vote at the Meeting. However, instead of paper copies of the Circular, you are receiving this Notice of Meeting which contains information about how to access the Circular electronically. Shareholders who have consented to electronic delivery of materials are receiving this Notice of Meeting in electronic format.

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Shareholders with questions about the notice and access procedure can call Computershare Investor Services Inc. (“ Computershare ”) toll free at 1-866-964-0492 or direct, from outside of North America at 1-514-982-8714, or by going to: www.computershare.com/noticeandaccess .

Websites Where the Circular is Posted

The Circular and other applicable Meeting materials can be viewed online on the Company’s website, www.northpeakresources.com , or under the Company’s SEDAR profile at www.sedar.com.

Non-Registered and Registered Shareholders

If you would like a paper copy of the Circular, you should first determine whether you are: (i) a non-registered Shareholder; or (ii) a registered Shareholder.

• You are a registered Shareholder if you hold a paper share certificate or a direct registration system (DRS) statement and your name appears directly on the share certificate(s) or DRS statement.

• You are a non-registered Shareholder (also known as a beneficial shareholder) if you own common shares of the Company (“ Common Shares ”) indirectly and your Common Shares are registered in the name of a bank, trust company, broker or other intermediary. For example, you are a non-registered Shareholder if your Common Shares are held in a brokerage account of any type.

How to Obtain Paper Copies of the Circular

All Shareholders may request that paper copies of the Circular and other applicable Meeting materials be mailed to them at no cost for up to one year from the date that the Circular was filed on SEDAR.

If you are a non-registered Shareholder, a request may be made by going to www.proxyvote.com and entering the control number located on your voting instruction form and following the instructions provided. Alternatively, you may submit a request by calling Broadridge Investor Communications Corporation at toll free at 1-877-907-7643 (within North America) or direct at 303-562-9305. A request must be received by September 10, 2021 if you would like to receive the Circular in advance of the voting deadline and Meeting date.

If you hold a paper share certificate or certificates and your name appears directly on the share certificate(s), and, if you would like to receive the Circular: (i) in advance of the voting deadline and Meeting date, then a request may be made by calling Computershare at 1-866-964-0492 or direct, from outside of North America at 1-514-982-8714; or (ii) after the Meeting date and within one year from the date the Circular was filed on SEDAR, then a request may be made by calling the Company at 1-403-589-2468. A request must be received by September 10, 2021 if you would like to receive the Circular in advance of the voting deadline and Meeting date.

DATED this 11[th] day of August, 2021.

BY ORDER OF THE BOARD OF DIRECTORS OF NORTH PEAK RESOURCES LTD.

(signed) " Brian Hinchcliffe "

Executive Chairman and Chief Executive Officer

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