Annual Meeting of Shareholders

NOTICE IS HEREBY GIVEN that an annual meeting of the shareholders (the “Meeting”) of Buchans Resources Limited (“Buchans” or the “Company”) will be held on Tuesday, June 24, 2025 at 1:00 P.M. (Toronto time) at the registered office of the Company, 181 University Avenue, Suite 1413, Toronto, Ontario, M5H 3M7, for the following purposes:

1. 1. Receive the audited consolidated financial statements of the Company for the year ended December 31, 2024, and the report of the auditor thereon;
   2. Elect the directors for the ensuing year;
   3. Appoint McGovern Hurley LLP, Chartered Professional Accountants, as auditor for the ensuing year and authorize the directors to fix its remuneration;
   4. Transact such further and other business as may properly be brought before the Meeting or any adjournment or postponement thereof.

The specific details of the matters proposed to be put before the Meeting are set forth in the “Particulars of Matters to be Acted Upon at the Meeting” in the Circular.

We are using “Notice and Access” to provide you with electronic access to our Circular, other meeting materials, and our audited consolidated financial statements for the year ended December 31, 2024 and the report of the auditor thereon together with the associated management’s discussion and analysis (the “Proxy-Related Materials”). Notice and Access is an environmentally friendly and cost-effective way to distribute and provide the Proxy-Related Materials to shareholders.

ACCESS TO PROXY-RELATED MATERIALS

The Proxy-Related Materials can be viewed online under the Company’s SEDAR+ profile at www.sedarplus.ca or on the Company’s website at www.BuchansResources.com.

Beneficial shareholders may request paper copies of the meeting materials be sent to them by postal delivery at no cost. Requests should be received at least 7 business days in advance of the proxy deposit date and time, set out in the accompanying form of proxy, in order to receive the meeting materials in advance of such date and the meeting date.

Requests can be made by email to info@BuchansLimited.com or by telephone to +1 (647) 728-4106. Requests for meeting materials may also be made at any time up to one year from the date the Circular was filed on SEDAR+.

VOTING
Registered shareholders are asked to return their Form of Proxy by email to info@BuchansLimited.com to be received by 1:00 PM (Toronto time) on Friday, June 20, 2025, the proxy deposit date noted on the Form of Proxy.

VIA EMAIL:
info@BuchansLimited.com.

VIA MAIL:
Buchans Resources Limited, 181 University Avenue, Suite 1413, Toronto, Ontario M5H 3M7.

Beneficial shareholders are asked to return their voting instruction forms in accordance with the deadline and instructions noted on the voting instruction form provided to you by your intermediary. Shareholders with questions about notice and access can call +1 (647) 728-4106 or send an email to. info@BuchansLimited.com.

PROXY-RELATED MATERIALS

The Proxy-Related Materials, including the Circular, are available below:

Notice of Annual Meeting of Shareholders

Management’s Information Circular

Notice & Access Notification

Form of Proxy

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