Western Exploration Inc. — Proxy Solicitation & Information Statement 2025

May 12, 2025

Western Exploration Inc.
Annual General and Special Meeting
2025

Declaration of Beneficial Ownership
(TO BE COMPLETED ONLY IF YOU CHECKED THE "YES" BOX IN ITEM 5(b) ON YOUR PROXY OR VOTING INFORMATION FORM, AS APPLICABLE)

For the purpose of administering the Voting Reduction at the Meeting, the undersigned certifies that it owns the following number of Variable Voting Shares for the account or benefit of a person that is a U.S. Shareholder:

NUMBER OWNED FOR U.S. SHAREHOLDER(S)

NUMBER OWNED FOR NON-U.S. SHAREHOLDER(S)

IF YOU HOLD VARIABLE VOTING SHARES FOR THE ACCOUNT OR BENEFIT OF ANY OTHER PERSON THAT IS A U.S. SHAREHOLDER AND DO NOT COMPLETE, SIGN AND MAIL (USING THE RETURN ENVELOPE PROVIDED TO YOU) THIS DECLARATION OF BENEFICIAL OWNERSHIP FOR U.S. SHAREHOLDERS, OR IF IT IS DETERMINED BY THE DIRECTORS OF THE CORPORATION, IN THEIR ABSOLUTE DISCRETION, THAT YOU INCORRECTLY COMPLETED THIS DECLARATION (THROUGH INADVERTENCE OR OTHERWISE), IT WILL BE DEEMED THAT ALL VARIABLE VOTING SHARES HELD BY YOU ARE HELD FOR THE ACCOUNT OR BENEFIT OF A PERSON THAT IS A U.S. SHAREHOLDER.

SEE "VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF – VARIABLE VOTING SHARE STRUCTURE" ON PAGE 4 OF THE CIRCULAR FOR MORE INFORMATION ABOUT THE U.S. SHAREHOLDER DEFINITION.

Please Print Name

Signature of registered owner(s) Date (MM/DD/YYYY)