Pelangio Exploration Inc. — Proxy Solicitation & Information Statement 2025

May 27, 2025

NOTICE OF ANNUAL GENERAL & SPECIAL

MEETING OF SHAREHOLDERS OF

PELANGIO EXPLORATION INC.

TAKE NOTICE that an annual general meeting & special (the "Meeting") of the shareholders ("Shareholders") of PELANGIO EXPLORATION INC. (the "Corporation") will be held on Wednesday, June 25, 2025 at 372 Bay Street, Suite 1800, Toronto, Ontario M5H 2W9 at 10:00 a.m. EDT (local time) for the following purposes:

1. to receive financial statements of the Corporation for the year ended December 31, 2024, together with the Auditors Report thereon;
2. to elect directors for the ensuing year;
3. to re-appoint auditors for the ensuing year, and to authorize the directors to fix the remuneration of the auditors;
4. to re-approve the Stock Option Plan of the Corporation, as more particularly described in the accompanying Management Information Circular; and
5. to transact such other business as may properly be brought before the Meeting or any adjournment thereof.

Accompanying this Notice of Meeting are: (1) the Management Information Circular, which provides additional information relating to the matters to be dealt with at the Meeting; (2) a form of proxy or voting instruction form; (3) a return envelope for use by Shareholders to send in their proxy; and (4) a request card for use by Shareholders who wish to receive the Corporation's interim and annual financial statements and related management's discussion and analysis.

Shareholders of record at the close of business on May 9, 2025 will be entitled to receive notice of, and to vote at, the Meeting or any adjournment(s) thereof.

If you are a registered Shareholder of Common Shares and are unable to attend the Meeting in person, please complete, sign, date and return the enclosed form of proxy. A proxy will not be valid unless it is deposited at the offices of AGM Connect™ ("AGM Connect" or "AGMC"), 1800-372 Bay Street, Toronto, ON M5H 2W9, or submitted electronically through: https://portal.agmconnect.com/pxlogin no later than 48 hours prior to the Meeting (10:00 a.m. EDT, Monday June 23, 2025).

If you are a non-registered Shareholder of Common Shares and a non-objecting beneficial owner and receive a voting instruction form (VIF), please complete and return the form in accordance with the instruction. If you do not complete and return the VIF in accordance with such instructions, you may lose your right to vote at the meeting.

If you are a non-registered Shareholder of Common Shares and an objecting beneficial owner and receive these materials through your broker or through another intermediary, please complete and return the materials in accordance with the instructions provided to you by your broker or such other intermediary. If you do not complete and return the materials in accordance with such instructions, you may lose your right to vote at the Meeting.

DATED at Toronto, Ontario as of May 9, 2025.

By Order of the Board

"Ingrid Hibbard"/S

Ingrid Hibbard
President and Chief Executive Officer

Phone: 905-336-3828
Web: www.pelangio.com