Storm Resources Ltd. — Proxy Solicitation & Information Statement 2020

Apr 8, 2020

STORM RESOURCES LTD.

PROXY

This form of proxy is solicited by management (“Management”) and will be used at the Annual General Meeting of the holders of common shares (“Common Shares”) of Storm Resources Ltd. (the “Corporation”) to be held solely by means of remote communication via webcast at https://zoom.us/j/446730461 and teleconference at 1-855-703-8985 (Canada Toll Free), 1-888-475-4499 (U.S. Toll Free) or 1-877-853-5257 (U.S. Toll Free), Meeting ID 446730461, on Wednesday, May 13, 2020 at 3:30 p.m. (Calgary time) and any and all adjournments and postponements thereof (the “Meeting”).

The undersigned holder of Common Shares, hereby appoints Brian Lavergne, the President and Chief Executive Officer of the Corporation, of Calgary, Alberta, or failing him, Michael J. Hearn, the Chief Financial Officer of the Corporation, of Calgary, Alberta, or instead of either of them,___________________________ of __________________________ as proxyholder, with power of substitution, to attend and vote for and act on behalf of the undersigned at the Meeting, and at any poll(s) which may take place in consequence thereof, with the same powers that the undersigned would have if the undersigned were present at the Meeting, and without limiting the foregoing, the said proxy is hereby instructed to vote at the said Meeting as follows:

1. Fixing the number of directors for the ensuing year at nine.

   • ) FOR ) AGAINST

2. The election of directors of the Corporation for the ensuing year of the nominees proposed by Management in the management information circular of the Corporation dated March 31, 2020 (the “ Circular ”):

i) Stuart G. Clark ) FOR ) WITHHOLD FROM VOTING ii) Brian Lavergne ) FOR ) WITHHOLD FROM VOTING iii) Matthew J. Brister ) FOR ) WITHHOLD FROM VOTING iv) John A. Brussa ) FOR ) WITHHOLD FROM VOTING v) Mark A. Butler ) FOR ) WITHHOLD FROM VOTING vi) Sheila A. Leggett ) FOR ) WITHHOLD FROM VOTING vii) Gregory G. Turnbull, QC ) FOR ) WITHHOLD FROM VOTING viii) P. Grant Wierzba ) FOR ) WITHHOLD FROM VOTING ix) James K. Wilson ) FOR ) WITHHOLD FROM VOTING The appointment of Ernst & Young LLP, Chartered Professional ) FOR Accountants, as auditor of the Corporation and the granting of the ) WITHHOLD FROM VOTING authority to the directors to fix their remuneration. Acceptance of the Corporation’s approach to executive compensation, ) FOR as described in the Circular. ) AGAINST

1. The appointment of Ernst & Young LLP, Chartered Professional Accountants, as auditor of the Corporation and the granting of the authority to the directors to fix their remuneration.

2. Acceptance of the Corporation’s approach to executive compensation, as described in the Circular.

3. At the discretion of the said proxy, to vote upon any amendment or variation of the above matters or any other matter which may properly come before the Meeting or any adjournment or adjournments thereof.

• 2 -

The undersigned hereby revokes any proxies previously given for the Meeting referred to herein.

Dated this _______ day of _______________, 2020.

Name of Shareholder (Please Print)

Signature of Shareholder

Number of Common Shares being voted

Notes:

(1) Unless otherwise indicated, the persons named above, if appointed as proxyholder, will vote ‘FOR’ each of the above matters. If any amendments or variations to matters identified in the notice of meeting are proposed at the Meeting, or if any other business properly comes before the Meeting, discretionary authority is hereby conferred with respect thereto.

(2) Each registered shareholder or an intermediary holding shares on behalf of a registered shareholder has the right to appoint a person, who need not be a shareholder of the Corporation, to attend and to act for him or her and on his or her behalf at the Meeting, other than the persons designated above. To exercise such rights, the names of the persons designated by Management to act should be crossed out and the name of the shareholder’s or intermediary’s nominee should be legibly printed in the blank space provided.

(3) This proxy must be dated and must be executed by the shareholder or his or her attorney authorized in writing or, if the shareholder is a body corporate, under its corporate seal or by an officer or attorney thereof duly authorized. A notarized copy of such authorization should accompany this proxy. Persons signing as executors, administrators, trustees, etc. should so indicate. If the proxy is not dated, it shall be deemed to bear the date on which it was mailed to the shareholder by the Corporation.

(4) To be effective, this proxy must be deposited at the office of the Corporation’s agent, Alliance Trust Company, 1010, 407 – 2[nd] Street S.W., Calgary, Alberta, T2P 2Y3, prior to end of business on the second last business day preceding the day of the Meeting or otherwise deposited with the Chairman of the Meeting via email at inquiries@alliancetrust.ca on the day of the Meeting prior to the commencement of the Meeting.

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