Tamaska Oil and Gas : Notice of Annual General Meeting

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ASX Release

24 December 2021

ANNUAL GENERAL MEETING

Tamaska Oil & Gas Limited (ASX: TMK) (Company) advises that its Annual General Meeting (Meeting) will be held in person at 102 Forrest Street, Cottesloe Western Australia on Monday, 31 January 2022 at 10.00am (WST).

The Australian Securities and Investments Commission (ASIC) has adopted a temporary 'no-action' position in relation to the convening and holding of shareholder meetings. The position follows on from the Corporations (Coronavirus Economic Response) Determination (No.3) 2020 which expired on 21 March 2021. ASIC's 'no action' policy addresses, amongst other things, companies providing shareholders with details of an online location where the contents of a notice of meeting can be viewed and downloaded.

Accordingly the Company is not sending hard copies of the Meeting materials to shareholders, unless specifically requested following the date of this letter.

Instead, Shareholders can view and download the Notice of Annual General Meeting and accompanying Explanatory Statement on the Company's website at www.tamaska.com.auor from the ASX website at www.asx.com.au.

Due to COVID-19 transmission risks, the Company encourages all Shareholders to vote by proxy, rather than attending the Meeting in person. The Company will adhere to all social distancing measures prescribed by government authorities at the Meeting, and Shareholders attending the Meeting will need to ensure they comply with the protocols. We are concerned for the safety and health of Shareholders, staff and advisers, so we will put in place certain measures including social distancing requirements.

As a precaution in relation to COVID-19, each Resolution will be decided by poll, based on proxy votes and by votes from Shareholders in attendance at the Meeting. Shareholders are strongly encouraged to vote by lodging the proxy form attached to this letter, in accordance with the instructions set out on that form, by no later than 10:00am (WST) on 29 January 2022.

This announcement has been approved by the Board of Tamaska.

For and on behalf of the board.

For further information, please contact:

This announcement was authorised for release by:

Brett Lawrence	Brett Lawrence
Managing Director	Managing Director
Tel: [phone]
Email: [e-mail]

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Tamaska Oil and Gas Limited

ACN 127 735 442

NOTICE OF ANNUAL GENERAL MEETING

The annual general meeting of the Company will be held at 102 Forrest Street, Cottesloe, Western Australia on Monday, 31 January 2022 at 10:00am (WST).

This Notice of Meeting should be read in its entirety. If Shareholders are in doubt as to

how they should vote, they should seek advice from their accountant, solicitor or

other professional adviser prior to voting.

Should you wish to discuss any matter please do not hesitate to contact

the Company Secretary on [phone].

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For personal use only

Tamaska Oil and Gas Limited

ACN 127 735 442

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the annual general meeting of Shareholders of Tamaska Oil and Gas Limited (Company) will be held at 102 Forrest Street, Cottesloe, Western Australia on Monday, 31 January 2022 at 10:00 am (WST) (Meeting).

The Explanatory Statement to this Notice provides additional information on matters to be considered at the Meeting. The Explanatory Statement and the Proxy Form form part of this Notice.

The Directors have determined pursuant to regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Meeting are those who are registered as Shareholders on Saturday, 29 January 2022 at 10.00 am (WST).

Terms and abbreviations used in this Notice and Explanatory Statement are defined in Section 7.

AGENDA

Annual Report

To table and consider the Annual Report of the Company and its controlled entities for the year ended 30 June 2021, which includes the Financial Report, the Directors' Report and the Auditor's Report.

1. Resolution 1 - Adoption of Remuneration Report

To consider, and if thought fit, to pass with or without amendment, the following resolution as a non-binding resolution:

"That, for the purposes of section 250R of the Corporations Act and for all other purposes, the Remuneration Report be adopted by the Shareholders on the terms and conditions in the Explanatory Statement."

Voting Exclusion

In accordance with section 250R of the Corporations Act, a vote on this Resolution must not be cast (in any capacity) by, or on behalf of:

1. a member of the Key Management Personnel whose remuneration details are included in the Remuneration Report; or
2. a Closely Related Party of such member.

However, a person described above may cast a vote on this Resolution if the vote is not cast on behalf of a person described in subparagraphs (a) or (b) above and either:

1. the person does so as a proxy appointed in writing that specifies how the proxy is to vote on this Resolution; or

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1. the person is the Chair voting an undirected proxy which expressly authorises the Chair to exercise the proxy even if this Resolution is connected directly or indirectly with the remuneration of a member of the Key Management Personnel.

2. Resolution 2 - Approval of 10% Capital Raising Facility

To consider, and if thought fit, to pass with or without amendment, the following resolution as a special resolution:

"That the Company have the additional capacity to issue Equity Securities provided for in Listing Rule 7.1A."

3. Resolution 3 - Re-election of Mr Logan Robertson as a Director

To consider, and if thought fit, to pass with or without amendment, the following resolution as an ordinary resolution:

"That Mr Logan Robertson, who retires in accordance with Rule 7.3 of the Constitution, and being eligible and offering himself for re-election, is re-elected as a Director."

Dated 24 December 2021

BY ORDER OF THE BOARD

Sylvia Moss

Company Secretary

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Tamaska Oil and Gas Limited

ACN 127 735 442

EXPLANATORY STATEMENT

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Introduction

This Explanatory Statement has been prepared for the information of Shareholders in connection with the business to be conducted at the Meeting to be held at 102 Forrest Street, Cottesloe, Western Australia on Monday, 31 January 2022 at 10:00 am (WST).

This Explanatory Statement should be read in conjunction with, and forms part of, the accompanying Notice. The purpose of this Explanatory Statement is to provide information to Shareholders in deciding whether or not to pass the Resolutions set out in the Notice.

A Proxy Form is located at the end of the Explanatory Statement.

Action to be taken by Shareholders

Shareholders should read the Notice and this Explanatory Statement carefully before deciding how to vote on the Resolutions.

Proxies

A Proxy Form is attached to the Notice. This is to be used by Shareholders if they wish to appoint a representative (a 'proxy') to vote in their place. All Shareholders are invited and encouraged to attend the Meeting or, if they are unable to attend in person, sign and return the Proxy Form to the Company in accordance with the instructions thereon. Lodgment of a Proxy Form will not preclude a Shareholder from attending and voting at the Meeting in person.

Please note that:

1. a member of the Company entitled to attend and vote at the Meeting is entitled to appoint a proxy;
2. a proxy need not be a member of the Company; and
3. a member of the Company entitled to cast two or more votes may appoint two proxies and may specify the proportion or number of votes each proxy is appointed to exercise, but where the proportion or number is not specified, each proxy may exercise half of the votes.

The enclosed Proxy Form provides further details on appointing proxies and lodging Proxy Forms.

Voting Prohibition by Proxy Holders

In accordance with section 250BD of the Corporations Act, a person appointed as a proxy must not vote on the basis of that appointment on Resolution 1 if:

1. the person is either:
2. 1. a member of the Key Management Personnel of the Company; or
   2. a Closely Related Party of such a member, and

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