Rua Gold Inc. — AGM Information 2021

May 4, 2021

KARAM MINERALS INC.

ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that an annual general and special meeting (the “ Meeting ”) of the shareholders of Karam Minerals Inc. (the “ Company ”) will be held at 3:00 p.m. PDT on Thursday, May 27, 2021, at 789 West Pender Street, Vancouver, British Columbia, V6C 1H2 for the following purposes:

1. to receive the audited financial statements of the Company for the fiscal years ended June 30, 2020 and 2019, together with the auditors’ reports thereon;

2. to set the number of directors at four (4);

3. to elect directors for the ensuing year;

4. to appoint Smythe LLP as the auditors for the Company for the ensuing year and to authorize the directors to fix their remuneration;

5. to pass an ordinary resolution to approve the Company’s stock option plan; and

6. to 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 (the “ Circular ”), which is attached to this Notice of Meeting. Shareholders may be asked to consider other items of business that may be properly brought before the meeting.

Accompanying the Notice of Meeting is a proxy or voting instruction form (“ VIF ”), as applicable, enabling you to vote at the Meeting. Please review the Circular prior to voting.

Dated at Vancouver, British Columbia, this 23rd day of April, 2021.

ON BEHALF OF THE BOARD OF DIRECTORS

“Kelvin Lee” Kelvin Lee CFO and Director