PetroTal Corp. — Proxy Solicitation & Information Statement 2026

May 19, 2026

PetroTal

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS AND MANAGEMENT INFORMATION CIRCULAR

PETROTAL CORP.

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON June 23, 2026

NOTICE IS HEREBY GIVEN that an annual general and special meeting (the "Meeting") of the holders (the "Shareholders") of common shares ("Common Shares") in the capital of PetroTal Corp. (the "Corporation") will be held at the offices of Stikeman Elliott LLP, Suite 4200, 888 3rd St SW, Calgary, Alberta T2P 5C5, on June 23, 2026 at 10:00 a.m. (Calgary time), for the following purposes:

1. to receive the financial statements for the fiscal year ended December 31, 2025, together with the report of the auditors thereon;
2. to fix the number of directors to be elected at eight (8);
3. to elect directors for the ensuing year;
4. to reappoint the auditors of the Corporation to hold office until the next annual meeting of the Shareholders and authorize the directors to fix their remuneration;
5. to approve the issuance of all unallocated share units ("Share Units") under the performance and restricted share unit plan of the Corporation;
6. to consider and, if thought appropriate, pass a special resolution authorizing the directors to consolidate the Common Shares on the basis of a ratio of between five (5) and ten (10) pre-consolidation Common Shares for each one (1) post-consolidation Common Share, as described in the Information Circular; and
7. to transact such other business as may properly be brought before the Meeting or any adjournment(s) thereof.

Only Shareholders of record at the close of business on May 8, 2026 (the "Record Date") are entitled to notice of and to attend the Meeting or any adjournment or adjournments thereof and to vote thereat, unless, after the Record Date, a holder of record transfers his or her Common Shares and the transferee, upon producing properly endorsed share certificates or otherwise establishing that he or she owns such Common Shares, requests, not later than ten (10) days before the Meeting, that the transferee's name be included in the list of Shareholders entitled to vote such Common Shares, in which case such transferee shall be entitled to vote such Common Shares, as the case may be, at the Meeting.

Registered Shareholders not planning or unable to attend the Meeting are requested to read the Information Circular and the form of proxy which accompanies this notice and to complete, date and sign the enclosed form of proxy and return it to the Corporation's agent, Computershare Trust Company of Canada, Attention: Proxy Department, 135 West Beaver Creek, PO BOX 300, Richmond Hill, ON L4B 4R5, in the enclosed envelope provided for that purpose. Alternatively, Shareholders may complete their proxy online at www.investorvote.com by following the instructions provided on the form of proxy. In order to be valid, proxies must be received by 10:00 a.m. (Calgary time) on or prior to the second last business day preceding the day of the Meeting or any adjournment thereof or deposited with the Chair of the Meeting by email at cmcallister@petrotal-corp.com on the day of the Meeting prior to the commencement of the Meeting.

As a Shareholder of the Corporation, it is very important that you read the Information Circular and other Meeting materials carefully. They contain important information with respect to voting your Common Shares. PetroTal encourages Shareholders to submit their form of proxy and return it as soon as possible in accordance with the instructions outlined in the accompanying Information Circular. Shareholders who do not hold their Common Shares in their own name are strongly encouraged to complete the voting instruction forms received from their broker as soon as possible and to follow the instructions set out in the

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PetroTal

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS AND MANAGEMENT INFORMATION CIRCULAR

accompanying Information Circular.

Shareholders with questions about accessing or participating in the Meeting or requiring assistance with the voting process, please contact our registrar and transfer agent Computershare Trust Company of Canada at 1-800-564-6253.

The Information Circular relating to the business to be conducted at the Meeting accompanies this Notice.

May 12, 2026

BY ORDER OF THE BOARD OF DIRECTORS

Manuel Pablo Zúñiga-Pflücker
President and Chief Executive Officer

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