REGULUS RESOURCES INC. — Proxy Solicitation & Information Statement 2025

Feb 19, 2025

REGULUS

REGULUS RESOURCES INC.

(the "Corporation")

FORM OF PROXY

Annual General Meeting to be held on March 21, 2025 at 11:30 a.m. (MDT)
Dentons Canada LLP, 15th Floor, Bankers Court, 850 – 2nd Street S.W., Calgary, Alberta
(the "Meeting")

Proxies must be received by 11:30 a.m. (MDT) on March 19, 2025

VOTING METHOD
INTERNET	Go to https://css.olympiatrust.com/pxlogin and enter the 12-digit control number shown on reverse.
EMAIL	proxy@olympiatrust.com
FACSIMILE	(403) 668-8307
MAIL	Olympia Trust Company
PO Box 128, STN M
Calgary, AB T2P 2H6
Attn: Proxy Dept.

The undersigned hereby appoints Mark Wayne, Chief Financial Officer of the Corporation, or failing him, Jack Schroder, Corporate Counsel of the Corporation (the "Management Nominees"), or instead of any of them, the following Appointee

Please print appointee name

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, in accordance with voting instructions, if any, provided below.

- SEE VOTING GUIDELINES ON REVERSE -

RESOLUTIONS – MANAGEMENT VOTING RECOMMENDATIONS ARE INDICATED BY HIGHLIGHTED TEXT

1. Number of Directors
   To set the number of directors to be elected at the Meeting at seven (7).

FOR		AGAINST
☐	☐	☐

1. Election of Directors

FOR		WITHHOLD
a) John E. Black	☐	☐
b) Fernando Pickmann	☐	☐
c) Mark Wayne	☐	☐
d) Michael McClelland	☐	☐
e) John M. Leask	☐	☐
f) Anna Tudela	☐	☐
g) Adam Burley	☐	☐

1. Appointment of Auditors
   To appoint Davidson & Company LLP as Auditors of the Corporation for the ensuing year and authorize the directors to fix their remuneration as such.

FOR		WITHHOLD
☐	☐	☐

1. Option Plan Approval
   To consider, and if deemed advisable, approve and confirm, with or without variation, an ordinary resolution, ratifying and confirming the Corporation's rolling share option plan, as more particularly described in the Information Circular.

FOR		AGAINST
☐	☐	☐

This Proxy revokes and supersedes all earlier dated proxies and MUST BE SIGNED

PLEASE PRINT NAME

Signature of registered owner(s) Date (MM/DD/YYYY)

Request for Financial Statements – In accordance with securities regulations, security holders may elect to receive Annual Financial Statements, Interim Financial Statements and MD&As. Instead of receiving the financial statements by mail, you may choose to view these documents on SEDAR+ at www.sedarplus.ca or under the "Investors – Financial Statements" section of the Corporation's website at www.regulusresources.ca. I am currently a security holder of the Corporation and as such request the following:

Interim Financial Statements with MD&A – Check the box to the right if you would like to RECEIVE Interim Financial Statements and accompanying Management's Discussion & Analysis by mail.	Annual Financial Statements with MD&A – Check the box to the right if you would like to RECEIVE the Annual Financial Statements and accompanying Management's Discussion and Analysis by mail.

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OLYMPIA TRUST COMPANY

Proxy Voting – Guidelines and Conditions

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 securities, 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 reverse. 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 security holder 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 security holder of the Corporation.
5. The Proxy confers discretionary authority in respect of amendments or variations to matters identified in the Notice of Meeting or other matters that properly come before the meeting or any adjournment or postponement thereof.
6. To be valid, this Proxy should be signed in the exact manner as the name appears on the Proxy. If the Proxy is not dated, it is deemed to bear the date of its mailing to the security holders of the Corporation.
7. To be valid, this Proxy must be filed using one of the Voting Methods and must be received by Olympia Trust Company before the date noted on the reverse, or in the case of any adjournment or postponement of the Meeting not less than 48 hours (Saturdays, Sundays and holidays excepted) before the time of the adjourned or postponed meeting.
8. Guidelines for proper execution of the Proxy are available at www.stac.ca. Please refer to the Proxy Protocol.

Voting Methods

| INTERNET | Go to https://css.olympiatrust.com/pxlogin and enter the 12-digit control number shown above.
To vote using your smartphone, please scan this QR code below: |
| --- | --- |
| EMAIL | proxy@olympiatrust.com |
| FACSIMILE | (403) 668-8307 |
| MAIL | Olympia Trust Company
PO Box 128, STN M
Calgary, AB T2P 2H6 |