Topaz Energy Corp. — Proxy Solicitation & Information Statement 2022

May 17, 2022

Notice of our 2022 Annual Meeting

You are invited to our 2022 annual meeting of shareholders:

When June 16, 2022 9:00 a.m. (Calgary time)

Where Calgary Petroleum Club McMurray Room 319 5[th] Avenue SW Calgary, Alberta

We will cover the following items of business:

1. Receive our 2021 consolidated financial statements and the auditors’ report;

2. Elect the directors;

3. Appoint the auditors;

4. Vote on our approach to executive compensation; and

5. Other business.

Your vote and participation is important

If you are a shareholder of record of Topaz common shares at the close of business on May 2, 2022, you are entitled to receive notice of, participate in, and vote at this meeting.

We encourage you to vote your common shares and participate in the meeting.

Questions

The board of directors has approved the contents of the attached management information circular and has authorized us to send it to you. Please take some time to read the attached management information circular. It contains important information about the meeting and explains who can vote and how to vote.

By order of the board,

Sincerely,

Signed “Marty Staples”

Marty Staples President & Chief Executive Officer Topaz Energy Corp.

Calgary, Alberta May 2, 2022

2022 MANAGEMENT INFORMATION CIRCULAR