Spartan Delta Corp. — Proxy Solicitation & Information Statement 2025

Apr 17, 2025

SPARTAN DELTA CORP.

Notice of Availability of Proxy Materials for Spartan Delta Corp. Annual General and Special Meeting

Meeting Date: May 23, 2025

Meeting Time: 2:00 p.m. (MT)

Location: Stikeman Elliott LLP
4200 Bankers Hall West,
888 – 3rd Street S.W.
Calgary, Alberta

Please be advised that the proxy materials for the above noted securityholder meeting are available for viewing and downloading online. This document provides an overview of these materials, but you are reminded to access and review the information circular and other proxy materials available online prior to voting. These materials are available at:

https://www.spartandeltacorp.com/agm-materials

OR

www.sedarplus.ca

Obtaining Paper Copies of the Proxy Materials

Securityholders may request to receive paper copies of the proxy materials related to the above referenced meeting by mail at no cost. Requests for paper copies must be received by May 13, 2025, in order to receive the paper copy in advance of the meeting. Shareholders may request to receive a paper copy of the Materials for up to one year from the date the Materials were filed on www.sedarplus.ca.

For more information regarding notice-and-access or to obtain a paper copy of the Materials you may contact our transfer agent, Odyssey Trust Company, via https://odysseytrust.com/ca-en/help/ or by phone at 1-888-290-1175 (toll-free within North America) or 1-587-885-0960 (direct from outside North America).

Notice of Meeting

The resolutions to be voted on at the meeting, described in detail in the management information circular dated April 11, 2025 (the "Information Circular") of Spartan Delta Corp. (the "Company"), are as follows:

• Financial Statements: Although no vote is required, shareholders will receive and consider the Company's financial statements as at and for the year ended December 31, 2024, together with the report of the auditors thereon.
• Fixing Number of Directors: Shareholders will be asked to fix the number of directors to be elected at the Meeting at six (6) members. Information regarding fixing the number of directors may be found in the "Fixing the Number of Directors" section of the Information Circular.

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• Election of Directors: Shareholders will be asked to elect six (6) directors for the ensuing year. Information respecting the election of directors may be found in the "Election of Directors" section of the Information Circular.

• Appointment of Auditors: Shareholders will be asked to appoint PricewaterhouseCoopers LLP as Company's auditors for the ensuing year, at such remuneration to be determined by the Board. Information respecting the appointment of PricewaterhouseCoopers LLP may be found in the "Appointment of Auditors" section of the Information Circular.

• Stock Option Plan Resolution: Shareholders will be asked to approve an ordinary resolution to approve the unallocated stock options under the Stock Option Plan. Information respecting this vote may be found in the "Approval of Unallocated Options under the Stock Option Plan" section of the Information Circular.

• Share Award Incentive Plan Resolution: Shareholders will be asked to approve an ordinary resolution to approve the unallocated Restricted Share Awards and Performance Share Awards issuable under the Share Award Incentive Plan. Information respecting this vote may be found in the "Approval of Unallocated Share Awards under the Share Award Incentive Plan" section of the Information Circular.

• Other Business: Shareholders may be asked to consider other items of business that may be properly brought before the Meeting. Information respecting the use of discretionary authority to vote on any such other business may be found in the "Other Matters Coming before the Meeting" section of the Information Circular.

Voting

To vote your securities, please refer to the instructions on the enclosed Proxy or Voting Instruction Form. Your Proxy or Voting Instruction Form must be received by May 21, 2025.

Stratification

The Company is providing paper copies of its Information Circular to all registered shareholders and those beneficial shareholders that have previously requested to receive paper materials.

Annual Financial Statements

The Company is providing paper copies or emailing electronic copies of its annual financial statements to registered shareholders and beneficial shareholders that have opted to receive annual financial statements and have indicated a preference for either delivery method.