SILVER SPRUCE RESOURCES INC. — Proxy Solicitation & Information Statement 2026

Apr 2, 2026

Silver Spruce Resources Inc.
(the "Corporation")

Annual and Special Meeting
April 28, 2026 at 2:00pm (Atlantic Daylight Time)
Suite 1300, 1969 Upper Water Street,
Halifax, NS B3J 2V1
(the "Meeting")

VOTING METHOD
INTERNET	Go to https://www.meeting-vote.com and enter the 13 digit control numbers above
FACSIMILE	416-607-7964
MAIL or HAND DELIVERY	TSX Trust Company
BY MAIL: Proxy Department, P.O. Box 721, Agincourt, ON M1S 0A1
BY HAND: 301 - 100 Adelaide Street West, Toronto, Ontario, M5H 4H1
Investor Central
TSX Trust Company offers at no cost to holders, the convenience of secure 24-hour access to all data relating to their account including summary of holdings, transaction history, and links to valuable holder forms and Frequently Asked Questions.
To register, please visit: https://www.tsxtrust.com/icreg and complete the registration form.
For assistance, please contact TSX TRUST INVESTOR SERVICES.
Mail: 301 - 100 Adelaide Street West Toronto, ON, M5H 4H1
Tel: 1-800-387-0825 or 416-682-3860
Email: shareholderinquiries@tmx.com

Proxy Voting – Guidelines and Conditions

1. THIS PROXY IS SOLICITED BY OR ON BEHALF OF THE 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 indicated on the reverse to vote on your behalf, they must also vote in accordance with your instructions or, if no instructions are given, in accordance with the 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. This proxy confers discretionary authority on the person named to vote in their discretion with respect to amendments or variations to the matters identified in the Notice of the Meeting accompanying the proxy or such other matters which may properly come before the meeting or any adjournment or postponement thereof.
5. The securityholder has a right to appoint a person or company to represent the securityholder at the meeting other than the person or company designated in the form of proxy. Such right may be exercised by inserting, on the reverse of this form, in the space labeled "Please print appointee name", the name of the person to be appointed, who need not be a securityholder of the Corporation.
6. To be valid, this proxy must be signed. Please date the proxy. If the proxy is not dated, it is deemed to bear the date of its mailing to the securityholders of the Corporation.
7. To be valid, this proxy must be filed using one of the Voting Methods and must be received by TSX Trust Company before the Filing Deadline for Proxy, 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. Late proxies may be accepted or rejected by the Chair of the meeting in their discretion, and the Chair is under no obligation to accept or reject any particular late proxy.
8. If the holder is a corporation, the proxy must be executed by an officer or attorney thereof duly authorized, and the holder may be required to provide documentation evidencing the signatory's power to sign the proxy.
9. Guidelines for proper execution of the proxy are available at www.stac.ca. Please refer to the Proxy Protocol.

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TMX

TSX TRUST

FORM OF PROXY ("PROXY")

Silver Spruce Resources Inc.
(the "Corporation")

Annual and Special Meeting
April 28, 2026 at 2:00pm (Atlantic Daylight Time)
Suite 1300, 1969 Upper Water Street,
Halifax, NS B3J 2V1

SECURITY CLASS: Common Shares
RECORD DATE: March 19, 2026
FILING DEADLINE FOR PROXY: April 24, 2026 at 2:00pm (Atlantic Daylight Time)

APPOINTEES

The undersigned hereby appoints Kevin O'Connor, whom failing Paul K. Smith (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, to the same extent and with the same power as if the undersigned were personally present at the said meeting or such adjournment(s) or postponement(s) thereof in accordance with voting instructions, if any, provided below.

• SEE VOTING GUIDELINES ON REVERSE -

RESOLUTIONS - VOTING RECOMMENDATIONS ARE INDICATED BY HIGHLIGHTED TEXT ABOVE THE BOXES

1. Election of Directors	FOR	AGAINST
a) Michael Kinley	☐	☐
b) Kevin O'Connor	☐	☐
c) Kevin Thieneman	☐	☐
d) Paul K. Smith	☐	☐
2. Appointment of Auditor	FOR	WITHHOLD
Appointment of Charlton & Company as Auditor of the Corporation for the ensuing year and authorizing the Directors to fix their remuneration.	☐	☐
3. Approval of the Second Amended and Restated Stock Option Plan	FOR	AGAINST
To approve the second amended and restated Stock Option Plan of the Company.	☐	☐

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)