Source Energy Services Ltd. — AGM Information 2021

Mar 31, 2021

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NOTICE-AND-ACCESS NOTIFICATION FOR ANNUAL GENERAL MEETING OF SHAREHOLDERS

TO: REGISTERED AND BENEFICIAL HOLDERS OF SOURCE ENERGY SERVICES LTD.

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Friday, May 7, 2021

9:00 a.m. (MST)

https://web.lumiagm.com/210563632 password: source2021

NOTICE-AND-ACCESS

You are receiving this notice as Source Energy Services Ltd. (the “Company” or “Source”) is using the “notice-and-access” provisions under National Instrument 54-101 – Communication with Beneficial Owners of Securities of a Reporting Issuer (the “Notice-and-Access Provisions”) to send meeting materials for its 2021 Annual General Meeting of Shareholders (the “Meeting”) to Source’s holders of Common Shares (the “Shares”) who hold such Shares in the name of a broker or an agent (“Beneficial Holders”) and to shareholders who hold their Shares in their own name (“Registered Holders”) (Beneficial Holders and Registered Holders collectively, the “Holders”). The Notice-and-Access Provisions are a set of rules developed by the Canadian Securities Administrators that reduce the volume of materials that must be physically mailed to shareholders by allowing an issuer to post its information circular in respect of a meeting of its shareholders and related materials online. Notice-and-access is more environmentally friendly as it will help reduce paper use and our carbon footprint and it should also reduce our printing and mailing costs.

Instead of receiving printed copies of the notice of the Meeting, the Management Information Circular (the “Circular”), the audited consolidated financial statements of the Company for the year ended December 31, 2020 and management’s discussion and analysis thereon (“Financial Information”) (the Circular and Financial Information collectively, the “Meeting Materials”), our Holders are receiving this notification containing information on how to access the Meeting Materials electronically. Together with this notification, Holders continue to receive a proxy or voting instruction form, as applicable, enabling them to vote at the Meeting. We also provide paper copies of the Meeting Materials to Beneficial Holders who have standing instructions to receive, or for whom Source has otherwise received a request to provide paper copies of materials.

As is set forth in the “ Business of the Meeting ” section on page 2 of the Circular dated March 18, 2021 that has been prepared for the Meeting, and the proxy or voting instruction form which accompanies this Notice-and-Access Notification, the business of the Meeting is as follows:

of the Meeting is as follows:	of the Meeting is as follows:
Business of the Meeting		Refer to Circular
1.	Receive and consider the financial statements of the Company for the year ended December 31, 2020 and the
	auditor’s report thereon;
2.	Fix the number of directors of the Company to be elected at the Meeting at seven (7);	Page 11
3.	Elect the directors of the Company for the ensuing year;	Pages 11-27
4.	Appoint the auditor of the Company for the ensuing year and authorize the Board to fix the remuneration of the	Page 28
	auditor;
5.	Consider and, if thought advisable, pass an ordinary resolution approving the Company’s RSU and PSU Long	Pages 29-31
	Term Incentive Plan, as more particularly described in the Management Information Circular of the Company
	dated March 18, 2021;
6.	Consider and, if thought advisable, pass an ordinary resolution approving the Company’s Stock Option Plan,	Pages 32-34
	as more particularly described in the Management Information Circular of the Company dated March 18, 2021;
	and
7.	Transact such other business as may properly be brought before the Meeting or any adjournment or
	postponement thereof as ordinary business.

Holders are reminded to review the Circular carefully before voting as the Circular has been prepared to help you make an informed decision.

The Circular together with related materials have been posted and are available for review at www.sourceenergyservices.com/investors/#notice-and-access and also on the Company’s SEDAR profile at www.sedar.com .

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SOURCE ENERGY SERVICES 2021 NOTICE-AND-ACCESS NOTIFICATION

Beginning March 31, 2021, Holders may request a paper copy of the Circular for up to one year, at no charge. Requests for information about notice-and-access or for Meeting Materials may be made as follows:

Telephone: 1-888-256-4758 (toll-free in Canada and the United States) Email: investorrelations@sourceenergyservices.com

Holders should submit their request by 5:00 p.m. (Calgary time) on April 15, 2021, in order to allow reasonable time to receive and review the Circular in advance of the Meeting and to vote their Shares.

YOU CANNOT VOTE BY RETURNING THIS NOTICE. To vote your Shares, you must use one of the following voting methods, which are also outlined in your enclosed proxy or voting instruction form. Reference is also made to the discussion in the Circular under “ VOTING INFORMATION: Voting Procedures ” for further information on voting.

Registered Holders Internet: You will need your 15-digit control number, which can be found on your proxy form: www.investorvote.com Telephone: You will need your 15-digit control number, which can be found on your proxy form. 1-866-732-8683 (toll-free in Canada and the United States) Facsimile: Complete, sign and date your proxy form and submit via facsimile to: 416-263-9524 or (long distance charges may apply) 1-866-249-7775 (toll-free in Canada and the United States). Mail: Complete, sign and date your proxy form, and return it in the envelope provided or one addressed to: Computershare Trust Company of Canada, Proxy Department 135 West Beaver Creek P.O. Box 300 Richmond Hill ON L4B 4R5 Hand Delivery: Complete, sign and date your proxy form and deliver it to: Computershare Trust Company of Canada 8th Floor, 100 University Avenue Toronto ON M5J 2Y1

Beneficial Holders Internet: You will need your 16-digit control number, which can be found on your proxy form. www.proxyvote.com Telephone: You will need your 16-digit control number, which can be found on your proxy form. English : 1-800-474-7493 French : 1-800-474-7501 Mail: Complete, sign and date your proxy form, and return it in the envelope provided or one addressed to: Data Processing Centre PO Box 3700 STN Industrial Park Markham ON L3R 0H9

DATED at Calgary, Alberta, this 18th day of March 2021.

BY ORDER OF THE BOARD OF DIRECTORS

/s/ “ Bradley Thomson ”

Bradley J. Thomson President and Chief Executive Officer

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SOURCE ENERGY SERVICES 2021 NOTICE-AND-ACCESS NOTIFICATION

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