Topaz Energy Corp. — Proxy Solicitation & Information Statement 2024

Apr 2, 2024

Notice of our 2024 Annual Meeting

You are invited to our 2024 annual meeting of shareholders:

When May 2, 2024 9:00 a.m. (Calgary time)

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

We will cover the following items of business:

1. Receive our 2023 consolidated financial statements and the auditors’ report;

2. Elect the directors;

3. Appoint the auditors;

4. Vote on our approach to executive compensation;

5. Approve the unallocated performance share units under our performance share unit plan;

6. Approve the unallocated deferred share units under our deferred share unit plan; and

7. Other business.

Your vote and participation are important

If you are a shareholder of record of Topaz common shares at the close of business on March 18, 2024, 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.

Unanimous board recommendations

The board of directors unanimously recommends that you vote for all of the Topaz director nominees and the other business matters at 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 March 18, 2024

2024 MANAGEMENT INFORMATION CIRCULAR