Precipitate Gold Corp. — Proxy Solicitation & Information Statement 2026

Jan 13, 2026

CANADABIS CAPITAL INC.

255C Clearview Dr,
Red Deer County, Alberta
T4E 3B6

FORM OF PROXY FOR ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

This proxy is solicited by the management of CANADABIS CAPITAL INC. (the "Corporation") for use at the annual and special meeting (the "Meeting") of the holders of common shares ("Common Shares") of the Corporation (the "Shareholders") to be held at 11:00 a.m. (MST) on Thursday, the 12th day of February, 2026, at 255C Clearview Dr., Red Deer County, Alberta, T4E 3B6.

The undersigned Shareholder hereby appoints TRAVIS MCINTYRE President and Director of the Corporation, or failing him, BARBARA O'NEILL, Secretary of the Corporation, or instead of either of them, _____ and _______, as proxyholder and alternate proxyholder of the undersigned, with full power of substitution, to attend and act and vote for and on behalf of the undersigned at the Meeting and at any adjournment(s) thereof and on every ballot that may take place in connection therewith. Without limiting the general power conferred, the undersigned hereby directs the said proxyholder and alternate proxyholder to vote the shares represented by this proxy in the manner as indicated below:

1. TO VOTE FOR ☐ or AGAINST ☐ an ordinary resolution fixing the number of directors to be elected at the Meeting at four (4);
2. To vote as follows with respect to the election of Directors:

Travis McIntyre TO VOTE FOR ☐ or WITHHOLD FROM VOTING FOR ☐
Nicole Bacsalmasi TO VOTE FOR ☐ or WITHHOLD FROM VOTING FOR ☐
Alex Michaud TO VOTE FOR ☐ or WITHHOLD FROM VOTING FOR ☐
Shane Chana TO VOTE FOR ☐ or WITHHOLD FROM VOTING FOR ☐

1. TO VOTE FOR ☐ or WITHHOLD FROM VOTING FOR ☐ an ordinary resolution appointing BDO Canada LLP, Chartered Accountants, as auditors of the Corporation for the ensuing year and authorizing the directors of the Corporation to fix the auditors' remuneration;
2. TO VOTE FOR ☐ or AGAINST ☐ an ordinary resolution approving, with or without variation, the Corporation's Stock Option Plan, as described in the accompanying Management Information Circular;
3. TO VOTE FOR ☐ or AGAINST ☐ a special resolution granting the board of Directors of the Corporation the power to, without further shareholder approval, approve changing the name of the Corporation to "Stigma Cannabis Inc." or such other name as the Board of Directors may determine and as further described in the Circular;
4. TO VOTE FOR ☐ or AGAINST ☐ a special resolution granting the board of Directors of the Corporation the power to, without further shareholder approval, approve and effect a resolution consolidating the Common Shares on a basis of up to five (5) pre-consolidation Common Shares for one (1) post-consolidation Common Share as further described in the Circular; and

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1. With respect to any permitted amendment or variation of the above matters or the transaction of such other business as may properly come before the Meeting as the proxyholder or alternate proxyholder, in his sole discretion, may see fit.

WHERE THE SHAREHOLDER HAS SPECIFIED A CHOICE WITH RESPECT TO THE ABOVE MATTERS, THE COMMON SHARES REPRESENTED BY THIS PROXY WILL BE VOTED AS DIRECTED ABOVE OR, IF NO DIRECTION IS GIVEN OR CHOICE SPECIFIED, THE COMMON SHARES REPRESENTED BY THIS PROXY WILL BE VOTED IN FAVOUR OF THE PROPOSED RESOLUTIONS.

THE UNDERSIGNED HEREBY REVOKES ANY PROXIES HERETOFORE GIVEN.

In addition to any other manner permitted by law, a Shareholder who has given a proxy may revoke it as to any matter on which a vote has not already been cast pursuant to the authority conferred by it by completing another proxy bearing a later date or by signing in person, or by attorney authorized in writing, a written revocation and depositing same with the Corporation's Secretary at Suite 1620, 734 – 7th Avenue SW, Calgary, Alberta, T2P 3P8 at any time up to and including the close of business on the business day immediately preceding the day of the Meeting or with the Chairman of the Meeting immediately prior to the commencement of the Meeting or any adjournment(s) thereof.

Each Shareholder has the right to appoint a person or persons, who need not be a Shareholder, other than the persons designated above, to attend as proxyholder or as alternate proxyholder and to act for him and on his behalf at the Meeting. To exercise such right, the name of the Shareholder's nominee(s) should be legibly printed in the blank spaces provided or another proxy in proper form should be completed.

DATED this ___ day of ____, 20___.

(Signature of Shareholder)

(Name of Shareholder - please print)

Notes:

1. If the appointing shareholder is a corporation, its corporate seal must be affixed or it must be signed by an officer or attorney thereof duly authorized.
2. This proxy must be dated and the signature hereon should be exactly the same as the name in which the shares are registered. If the proxy is not dated in the above space, it is deemed to bear the date on which it is mailed or delivered to the person making the solicitation.
3. Persons signing as executors, administrators, trustees, etc., should so indicate and give their full title as such.
4. This proxy will not be valid and not be acted upon or voted unless it is completed as outlined herein and delivered to the attention of the Corporation's Secretary at Suite 1620, 734 – 7th Avenue SW, Calgary, Alberta, T2P 3P8, at least 48 hours (excluding Saturdays, Sundays and holidays) before the day of the Meeting, or any adjournment(s) thereof.
5. Completion and delivery of this proxy will not preclude the Shareholder from attending and voting at the Meeting if you so wish. In such event, the instrument appointing a proxy shall be deemed to be revoked.

YOUR NAME AND ADDRESS AS LISTED ON THE ENVELOPE ARE SHOWN AS REGISTERED - PLEASE NOTIFY THE CORPORATION OF ANY CHANGE IN YOUR ADDRESS.