Canaf Investments : NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN THAT an annual general meeting (the "Meeting") of the shareholders of Canaf Investments Inc (the "Company") will be held at 1100-1111 Melville Street Vancouver BC V6E 3V6 on Wednesday, May 12, 2022 at

• 10:00 am. (Vancouver time) for the following purposes:

• 1. to receive and consider the financial statements of the Company for the fiscal year ended October 31, 2021, together with the report of the auditors thereon;

• 2. to fix the number of directors of the Company at four (4) persons for the ensuing year;

• 3. to elect the directors for the ensuing year;

• 4. to appoint the auditors of the Company and to authorize the directors to fix the auditors' remuneration and the terms of their engagement;

• 5. to consider, and if thought fit, to pass an ordinary resolution to re-approve the Company's Incentive Stock Option Plan; and

• 6. to transact such further or other business as may properly come before the Meeting or any adjournment(s) thereof.

Accompanying this Notice are the Company's Management Information Circular, a Form of Proxy or Voting Instruction Form and a request card for use by Shareholders who wish to receive our financial statements. The accompanying Management Information Circular provides information relating to the matters to be addressed at the meeting and is incorporated into this Notice. Shareholders of record as at the close of business on April 7, 2022 (the "Record Date") will be entitled to receive notice of and vote at the Meeting.

Shareholders are entitled to vote at the Meeting either in person or by proxy. Those unable to attend are requested to read, complete, date, sign and return the enclosed Form of Proxy to Computershare Investor Services Inc., at 8th Floor, 100 University Avenue, Toronto, Canada M5J 2Y1 on or before 10:00 a.m. (Vancouver time) on May 10, 2022. If you do not complete and return the form in accordance with such instructions, you may lose your right to vote at the meeting.

If you are a non-registered Shareholder of Common Shares of the Company and an objecting beneficial owner and receive these materials through your broker or through another intermediary, please complete and return the materials in accordance with the instructions provided to you by your broker or such other intermediary. If you do not complete and return the materials in accordance with such instructions, you may lose your right to vote at the Meeting.

All Shareholders are encouraged to vote by submitting their completed form of proxy (or voting instruction form) prior to the Meeting by one of the means described in the management information circular accompanying this Notice. Shareholders are invited to listen to the Meeting via teleconference or via Video Webinar if they wish (details below).

DATED at Vancouver, British Columbia, this 7th day of April, 2022.

BY ORDER OF THE BOARD

Christopher Way

President and Chief Executive Officer