Vinland Lithium — M&A Activity 2025

May 28, 2025

NOTICE OF CHANGE IN CORPORATE STRUCTURE

Pursuant to Section 4.9 of National Instrument
51-102 Continuous Disclosure Obligations

1. Names of the Parties to the Transaction

Benton Resources Inc. (“Benton”), Sokoman Minerals Corp. (“Sokoman”), and Vinland Lithium Inc. (“Vinland” or the “Company”)

1. Description of the Transaction

On November 18, 2024 Vinland, Benton and Sokoman entered into a Plan of Arrangement (the “Arrangement”) under Division 5 of Part 9 of the Business Corporations Act (British Columbia) pursuant to which Benton and Sokoman would each spin out 2,025,126 of their Vinland common shares (“Vinland Shares”) to qualifying Benton and Sokoman shareholders. Benton and Sokoman each sought and obtained approval from their shareholders at their Annual Meetings held March 21, 2025. On March 26, 2025 the Supreme Court of British Columbia approved the Arrangement.

Following Benton and Sokoman obtaining shareholder and court approval of the Arrangement, the Company completed its listing application (the “Listing Application”) with the TSX Venture Exchange (the “TSXV”) and commenced trading on the TSXV May 23, 2025.

Further information with respect to the Arrangement is contained in the Company’s listing application dated May 20, 2025, a copy of which is available on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.

1. Effective Date of the Transaction

The effective date of the Listing Application was May 20, 2025, with the Company commencing to trade on the TSXV May 23, 2025.

1. Name of Each Party, if any, that Ceased to be a Reporting Issuer after the Transaction and of each Continuing Entity.

Not Applicable

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1. Date of the Reporting Issuer's First Financial Year-End Subsequent to the Transaction

The Company's first financial year-end subsequent to the Arrangement will be December 31, 2025.

1. The periods, including Comparative Periods, if any, of the Interim and Annual Financial Statements required to be Fled for the Reporting Issuer's First Financial Year after the Transaction.

The Company is required to file the following financial statements during the first financial year after the Transaction:

(a) interim financial statements of the Company for the three months ended March 31, 2025;
(b) interim financial statements of the Company for the six months ended June 30, 2025;
(c) interim financial statements of the Company for the nine months ended September 30, 2025;
(d) annual financial statements of the Company for the 12 months ended December 31, 2025.

1. Documents Filed Under NI 51-102 that describe the Transaction

The following documents describe the Transaction and are available under the Company's issuer profile on SEDAR+ (www.sedarplus.ca):

• Plan of Arrangement dated November 18, 2024
• Listing Application dated May 20, 2025

DATED this 27th day of May, 2025