Palamina Corp. — AGM Information 2021

May 26, 2021

PALAMINA CORP.

NOTICE OF THE ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN THAT the annual and special meeting (the " Meeting ") of the shareholders of Palamina Corp. (" Palamina " or the " Corporation ") which, due to concerns regarding the novel coronavirus outbreak (COVID-19) and to assist in protecting the health and well-being of our shareholders, will be held in a virtual format via Zoom (as per the below instructions) to provide a consistent experience to all shareholders regardless of location on June 30, 2021 at 4:00 p.m. (local time) for the following purposes:

1. to receive the consolidated financial statements of the Corporation for the fiscal year ended December 31, 2020 together with the report of the auditors thereon;

2. to fix the number of directors of the Corporation within the minimum and maximum permitted by its Articles of Incorporation at five (5);

3. to elect the directors of the Corporation;

4. to appoint McGovern Hurley LLP, as the auditors of the Corporation and to authorize the directors to fix the auditors' remuneration;

5. to approve the Corporation's stock option plan; and

6. to transact such further and other business as may properly come before the Meeting or any adjournment thereof.

The accompanying Information Circular provides additional information relating to the matters to be dealt with at the Meeting and is deemed to form part of this Notice of Meeting. SHAREHOLDERS WHO ARE UNABLE TO ATTEND THE MEETING IN PERSON SHOULD COMPLETE , DATE AND SIGN THE ENCLOSED INSTRUMENT OF PROXY, AND RETURN IT IN THE ENVELOPE PROVIDED FOR THAT PURPOSE.

Proxies to be used at the Meeting must be deposited with Computershare Investor Services Inc., 8F, 100 University Ave Toronto, Ontario M5J 2Y1, before 4 p.m. (local time) on June 28, 2021.

SPECIAL MEASURES IN RESPONSE TO COVID-19 (CORONAVIRUS)

To mitigate risks related to the global COVID-19 public health emergency to the Corporation’s shareholders and other stakeholders and based on government recommendations to avoid large gatherings, the Meeting will be conducted in a virtual only format, which will be conducted via Zoom at https://zoom.us/j/97773121872?pwd=czRwaFNEdnpxUi9nNExRdkp3K1BjUT09, Meeting ID: 97773121872, Passcode: 663956. The web conference will allow shareholders to have an opportunity to participate at the Meeting regardless of their geographic location or particular circumstances they may be facing as a result of COVID-19. Shareholders will not be able to attend the Meeting physically in person and any person attending virtually shall be considered to be present in person. A summary of the information shareholders will need to attend the Meeting online is provided in the Information Circular.

ALL SHAREHOLDERS OF RECORD AS OF MAY 21, 2021 ARE ENTITLED TO VOTE THEIR SHARES OF THE CORPORATION AT THE MEETING, OR AT ANY ADJOURNMENT THEREOF, EITHER IN PERSON (VIRTUALLY) OR BY PROXY, HOWEVER, TO FACILITATE AN ORDERLY MEETING THE BOARD OF DIRECTORS IS REQUESTING THAT ALL SHAREHOLDERS VOTE THEIR SHARES BY PROXY BEFORE THE MEETING.

By Order of the Board

Andrew Thomson

President, Chief Executive Officer Toronto, Ontario May 21, 2021