Tenaz Energy Corp. — Proxy Solicitation & Information Statement 2021

Sep 16, 2021

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Altura Energy Inc.

Form of Proxy – Special Meeting to be held on October 7, 2021

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Stock Exchange Tower 1230, 300 5[th] Ave SW Calgary, AB T2P 3C4

Appointment of Proxyholder

I/We being the undersigned holder(s) of Altura Energy Inc. ( the "Corporation") hereby appoint John McAleer , Chairman of the Corporation, or failing this person, David OR Burghardt , President and Chief Executive Officer of the Corporation

print the name of the person you are appointing if this person is someone other than the Management Nominees listed herein:

as my/our proxyholder with full power of substitution and to attend, act, and to vote for and on behalf of the holder in accordance with the following direction (or if no directions have been given, as the proxyholder sees fit) and all other matters that may properly come before the Special Meeting of Altura Energy Inc. to be held at the Corporation's offices at 2500, 605 - 5[th] Avenue S.W., Calgary, Alberta, on Thursday, October 7, 2021 at 2:30 pm , (Mountain Time) or at any adjournment(s) or postponement(s) thereof.

1. Change of Management. To consider and, if thought fit, pass, with or without variation, the ordinary resolution, as more particularly set forth in For Against the accompanying management information circular (the “Circular”), approving the “Change of Management” as such term is defined in the TSX Venture Exchange Corporate Finance Manual.

2. Share Consolidation. To consider and, if thought fit, pass, with or without variation, the special resolution, as more particularly set forth in the For Against Circular, authorizing the amendment of the Corporation’s articles to consolidate the issued and outstanding Common Shares on such a basis as the board of directors of the Corporation (the “Board”) may determine, provided that the consolidation shall not be greater than on a 10 to 1 basis. For Against

3. Amendment of Articles. To consider and, if thought fit, pass, with or without variation, the special resolution, as more particularly set forth in the Circular, authorizing the amendment of the Corporation’s articles to change the name of the Corporation to “Tenaz Energy Corp.” or such other name as the Board may determine.

Authorized Signature(s) – This section must be completed for your instructions to be executed.

I/we authorize you to act in accordance with my/our instructions set out above. I/We hereby revoke any proxy previously given with respect to the Meeting. If no voting instructions are indicated above, this Proxy will be voted as recommended by Management.

Signature(s): Date / /

MM / DD / YY

This form of proxy is solicited by and on behalf of Management.

Proxies must be received by 2:30 pm, (Mountain Time), on October 5, 2021

Notes to Proxy

1. Each holder has the right to appoint a person, who need not be a holder, to attend and represent him or her at the Special Meeting. If you wish to appoint a person other than the persons whose names are printed herein, please insert the name of your chosen proxyholder in the space provided on the reverse.

2. If the securities are registered in the name of more than one holder (for example, joint ownership, trustees, executors, etc.) then all of the registered owners must sign this proxy in the space provided on the reverse. If you are voting on behalf of a corporation or another individual, you may be required to provide documentation evidencing your power to sign this proxy with signing capacity stated.

3. This proxy should be signed in the exact manner as the name appears on the proxy.

4. If this proxy is not dated, it will be deemed to bear the date on which it is mailed by Management to the holder.

5. The securities represented by this proxy will be voted as directed by the holder; however, if such a direction is not made in respect of any matter, this proxy will be voted as recommended by Management.

6. The securities represented by this proxy will be voted or withheld from voting, in accordance with the instructions of the holder, on any ballot that may be called for and, if the holder has specified a choice with respect to any matter to be acted on, the securities will be voted accordingly.

7. This proxy confers discretionary authority in respect of amendments to matters identified in the Notice of Meeting or other matters that may properly come before the meeting.

8. This proxy should be read in conjunction with the accompanying documentation provided by Management.

INSTEAD OF MAILING THIS PROXY, YOU MAY SUBMIT YOUR PROXY USING SECURE ONLINE VOTING AVAILABLE ANYTIME:

To Vote Your Proxy Online please visit:

https://login.odysseytrust.com/pxlogin and click on

. You will require the CONTROL NUMBER printed with your address to the right. If you vote by Internet, do not mail this proxy.

Shareholder Address and Control Number Here

To request the receipt of future documents via email and/or to sign up for Securityholder Online services, you may contact Odyssey Trust Company at www.odysseycontact.com

Voting by mail may be the only method for securities held in the name of a corporation or securities being voted on behalf of another individual. A return envelope has been enclosed for voting by mail.