PrairieSky Royalty Ltd. — Proxy Solicitation & Information Statement 2025

Mar 12, 2025

NOTICE OF
ANNUAL GENERAL MEETING
OF SHAREHOLDERS

To be held on Monday, April 14, 2025

The annual general meeting (the “Meeting”) of the shareholders of PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) will be held in the Forester’s Lounge at the Calgary Petroleum Club, 319 Fifth Avenue S.W., Calgary, Alberta T2P 0L5 on Monday, April 14, 2025 at 3:00 p.m. (MDT) to:

• Receive and consider the audited consolidated financial statements of the Company for the year ended December 31, 2024, together with the report of the auditors;
• Elect seven (7) directors of the Company;
• Appoint the auditors and authorize the directors to fix their remuneration as such;
• Advisory vote on our approach to executive compensation; and
• Transact such other business as may properly be brought before the Meeting or any adjournment thereof.

The specific details of the matters proposed to be put before the Meeting are set forth in the information circular and proxy statement accompanying this notice.

Registered shareholders who are unable to attend the Meeting in person are requested to complete, date and sign the enclosed form of proxy and return it to:

TSX Trust Company
Attention: Proxy Department
100 Adelaide Street West, Suite 301
Toronto, Ontario M5H 4H1

or deliver it by fax to 1-416-595-9593 at least 48 hours, excluding Saturdays, Sundays and holidays, before the time of the Meeting or any adjournment or postponement thereof.

Registered shareholders may also vote via the internet at www.voteproxyonline.com.

Votes by internet must be received by 3:00 p.m. (MDT) on Thursday, April 10, 2025 or at least 48 hours prior to the time of any adjournment or postponement of the Meeting, excluding Saturdays, Sundays and holidays. See the information circular and proxy statement for further instructions on internet voting. If a shareholder receives more than one form of proxy because such shareholder owns common shares of the Company (“Common Shares”) registered in different names or addresses, each proxy form should be completed and returned.

Only shareholders of record at the close of business on February 28, 2025 will be entitled to vote at the Meeting, unless a shareholder has transferred any Common Shares subsequent to that date and the transferee shareholder, not later than 10 days before the Meeting, establishes ownership of such Common Shares and demands that the transferee’s name be included on the list of shareholders entitled to vote at the Meeting.

DATED at Calgary, Alberta this 28th day of February, 2025.

By order of the Board of Directors of PrairieSky Royalty Ltd.

/s/ "Andrew Phillips"

Andrew Phillips / President & Chief Executive Officer