Topaz Energy Corp. — Proxy Solicitation & Information Statement 2021

May 21, 2021

==> picture [224 x 48] intentionally omitted <==

Notice of Availability of Proxy Materials for Topaz Energy Corp. Annual Meeting

Meeting Date and Time: Wednesday, June 23, 2021, 10:00 a.m. (Calgary time) Location: virtual only meeting via live audio webcast online at:

https://web.lumiagm.com/265325039

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://topazenergy.ca/investors/

OR

www.sedar.com

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 may be made by contacting:

Toll Free Within North America: 1 (888) 290-1175

Direct from outside of North America: +1 (587) 885-0960

Notice of Meeting

The resolutions to be voted on at the meeting, described in detail in the Management Information Circular referred to in this Notice (the " Circular "), are as follows:

1. Receive our 2020 financial statements and the auditors’ report;

2. Elect the directors;

3. Approve our performance share unit plan;

4. Approve our deferred share unit plan;

5. Appoint the auditors;

6. Vote on our approach to executive compensation; and

7. Other business.

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 10:00 a.m. (Calgary time) on Monday, June 21, 2021.

Stratification

The Company is providing paper copies of the Circular only to those registered shareholders and 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.