Mr. Mark Jarvis reports

SHOAL POINT ENERGY - AGM VOTING RESULT

The following matters were put to vote at the annual general meeting of Shoal Point Energy Ltd. held on Dec. 19, 2023.

The report on the voting results is as follows.

1. Number of directors

By vote of proxy and in person (for: 10,991,193 shares; against: 22,060), the number of directors was set at four.

2. Election of directors

By vote of proxy and in person, the persons in the attached table were elected as directors of the issuer until their term of office expires.

3. Appointment and remuneration of auditor

By vote of proxy (for: 10,997,253 shares; withheld: 16,000 shares), Crowe MacKay LLP was appointed as auditor of the issuer for the ensuing year and the directors are authorized to set the remuneration.

4. Stock option plan

By vote of proxy (for: 10,328,084 shares; against: 159,183 shares), the stock option plan of the company was approved for the ensuing year.