Petrolympic Ltd. — Proxy Solicitation & Information Statement 2025

Nov 24, 2025

marrelli
Trust Company Limited

Petrolympic Ltd. (the "Company")

Form of Proxy ("Proxy")

Record Date: November 6, 2025
Control Number:
Meeting Date: December 11, 2025
Proxy Deadline: December 9, 2025
Shares to Vote:

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The Company is holding its Annual and Special Meeting of shareholders (the "Meeting") on December 11, 2025 at 1:00 p.m., located at 82 Richmond Street East, Toronto, Ontario, M5C 1P1.

Please vote your shares prior to the Proxy Deadline listed above using one of the following options:

1. Online at www.voteproxy.ca and by registering using your control number provided above;
2. By fax by sending your voting instructions to 416-360-7812; or
3. By email by emailing info@marrellitrust.ca; or
4. By returning the completed proxy form via lettermail to Marrelli Trust Company Limited, c/o DSA Corporate Services Limited Partnership. 82 Richmond Street East, 2nd Fl., Toronto, Ontario M5C 1P1

Appointment of Proxy:

The undersigned hereby appoints Mendel Ekstein Chief Executive Officer and President of the Company, whom failing, Carmelo Marrelli, Chief Financial Officer of the Company (the "Management Nominees"), or instead of any of them, the following appointee:

Please Print Name of Appointed Proxy

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. If you wish to attend the Meeting and vote your shares thereat, please print your name in the box provided above.

Resolutions to be approved at the Meeting:

Please see following page for voting instructions

1. Number of Directors
   To set the number of Directors at five (5).

2. Election of Directors
   (a) Mendel Ekstein
   (b) Andreas Jacob
   (c) Alain Fleury
   (d) Miles Pittman
   (e) Rodger Creamer

3. Appointment of Auditor
   To appoint PKF Antares Professional Corporation, Chartered Professional Accountants as auditor of the Company to hold office until the close of the next annual meeting of the Shareholders, and to authorize the directors to fix the auditors' remuneration.

4. Ratification of 10% Rolling Stock Option Plan
   Ratification of the Stock Option Plan as outlined in the Management Information Circular.

For	Against
☐	☐
For	Withhold
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☐	☐
For	Against
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☐	☐

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This Proxy MUST BE SIGNED. This signed Proxy revokes and supersedes all previously dated and signed proxies.

Signature of Registered Holder

Please Print Name

Date (mm/dd/yyyy)

Proxy Voting Rules and Guidelines

1. THIS PROXY IS SOLICITED BY MANAGEMENT OF THE CORPORATION.
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 shares, 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 previous page. 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. Each securityholder 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 securityholder of the Corporation.
5. To be valid, this Proxy must be signed and dated. If the Proxy is not dated, it is deemed to bear the date of its mailing to the securityholders of the Corporation.
6. To be a valid Proxy, this form must be filed using one of the voting instructions provided on Page 1 of this proxy and must be received by Marrelli Trust Company Limited before the Filing Deadline for Proxies, noted on page 1 of this Proxy, or in the case of any adjournment or postponement of the Meeting, not less than 48 business hours before the time of the adjourned or postponed meeting. Late proxies may be accepted or rejected by the Chairman of the Meeting in his or her discretion, and the Chairman is under no obligation to accept or reject any particular late proxy.
7. If the securityholder is a corporation, this Proxy must be executed by an officer or attorney thereof duly authorized, and the securityholder may be required to provide documentation evidencing the signatory's power to sign the Proxy.
8. For further information on the proper execution of the proxies, please visit www.stac.ca. Please refer to the Proxy Protocol.

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