PENINSULA ENERGY LIMITED — Proxy Solicitation & Information Statement 2026

May 28, 2026

PENINSULA ENERGY LIMITED

29 May 2026

Dear Shareholder

PENINSULA ENERGY LIMITED – UPCOMING EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

Peninsula Energy Limited (Company) will hold an Extraordinary General Meeting of shareholders at BDO, Jarrah Room, Level 9, Mia Yellagonga Tower 2, 5 Spring Street, PERTH WA 6000 at 10.00am (WST) on Thursday, 2 July 2026 (Meeting).

In accordance with the Corporations Act 2001 (Cth), the Company is not sending hard copies of the Notice of Meeting and accompanying Explanatory Memorandum to Shareholders (NOM) unless a shareholder has requested a hard copy. The NOM can be viewed and downloaded from the following website link:

http://www.pel.net.au/announcements/

To vote by proxy, please complete and sign the proxy form enclosed with this letter as soon as possible and either deliver the proxy form by post, by facsimile or by email in accordance with the instructions on the proxy form. You may also submit your proxy form online in accordance with instructions on the proxy form.

Your proxy must be lodged no later than 10:00am (AWST) on Tuesday, 30 June 2026.

If the above arrangements with respect to the Meeting change, shareholders will be updated via the ASX Market Announcements Platform and also via the Company's website at http://www.pel.net.au/.

The NOM should be read in its entirety. If a shareholder is in doubt as to how to vote, that shareholder should seek advice from an accountant, solicitor or other professional advisor prior to voting.

Yours faithfully

Jonathan Whyte
Company Secretary

• ENDS -

For further information, please contact:

George Bauk
Or
Read Corporate

Managing Director / CEO
Peninsula Energy
+61 8 9380 9920
Info@pel.net.au

Nicholas Read
T: +61 8 9388 1474 | M: +61 419 929 046
E: nicholas@readcorporate.com.au

www.pel.net.au