Shellron Capital Ltd — AGM Information 2023

Sep 1, 2023

SHELLRON CAPITAL LTD. 1090 Hamilton Street Vancouver, B.C. V6B 2R9

Tel: (604) 634-0970 Fax: (604) 634-0971

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

Notice is hereby given that an annual general meeting (the “Meeting” ) of the holders of common shares (the “ Shareholders ”) of Shellron Capital Ltd. (the “Company” ) will be held at 1090 Hamilton Street, Vancouver, B.C., V6B 2R9 on September 29, 2023 at 11:00 a.m. (Vancouver time), for the following purposes:

1. to receive and consider the financial statements of the Company for the year ended April 30, 2023 and the report of the auditors thereon;

2. to set the size of the board of directors;

3. to elect the directors of the Company for the ensuing year or until completion of the Company’s proposed qualifying transaction;

4. to appoint Saturna Group Chartered Professional Accountants LLP, as the auditors of the Company for the ensuing year and to authorize the directors to fix their remuneration;

5. to consider, and if deemed appropriate pass a resolution, ratifying and approving the renewal of the stock option plan of the Company, as more fully described in the management information circular accompanying this notice of Meeting; and

6. to transact such other business as may properly come before the Meeting or any adjournments or postponements thereof.

The nature of the business to be transacted at the Meeting is described in further detail in the accompanying management information circular (the “ Circular ”).

The record date for the determination of Shareholders entitled to receive notice of, and to vote at, the Meeting or any adjournments or postponements thereof is August 25, 2023 (the “ Record Date ”). Shareholders whose names have been entered in the register of shareholders at the close of business on the Record Date will be entitled to receive notice of, and to vote, at the Meeting or any adjournments or postponements thereof.

Voting

A Shareholder may attend the Meeting in person or may be represented by proxy. Shareholders who are unable to attend the Meeting or any adjournments or postponements thereof in person are requested to complete, date, sign and return the accompanying form of proxy for use at the Meeting or any adjournments or postponements thereof. To be effective, the enclosed form of proxy must be mailed or faxed so as to reach or be deposited with Computershare Investor Services Inc., Proxy Department, 100 University Avenue, P.O. Box 4572, Toronto, Ontario, M5J 2Y1, not later than forty-eight (48) hours, excluding Saturdays, Sundays and holidays, prior to the time of the Meeting, unless the chairman of the Meeting elects to exercise his discretion to accept proxies received subsequently. (excluding Saturdays, Sundays and statutory holidays in the City of Toronto, Ontario) prior to the time set

Information on how non-registered (or beneficial) Shareholders may cast their vote is also described in greater detail in the Circular.

DATED this 30th day of August, 2023.

BY ORDER OF THE BOARD OF DIRECTORS

“ Robert Giustra ”

Robert Giustra Director