Questerre Information Circular for Meetings of Common Shareholders and Preferred Shareholders

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF HOLDERS OF COMMON SHARES

NOTICE IS HEREBY GIVEN THAT an Annual General and Special Meeting (the “Common Shareholder Meeting”) of the holders (“Common Shareholders”) of Class “A” common shares (“Common Shares”) of Questerre Energy Corporation (the “Corporation”); will be held in the Suite 1650, 801 Sixth Avenue SW, Calgary, Alberta, on June 23, 2026, at 9:00 A.M. (Calgary time) for the following purposes: 1. to receive the audited financial statements of the Corporation for the year ended December 31, 2025 and the report of the auditors thereon; 2. to fix the number of directors to be elected at the Common Shareholder Meeting at five; 3. to elect the directors of the Corporation for the ensuing year; 4. to appoint Ernst & Young LLP, Chartered Professional Accountants, as the auditors of the Corporation for the ensuing year and to authorize the board of directors to fix their remuneration; 5. to consider and, if thought fit, pass an ordinary resolution approving the unallocated options under the stock option plan of the Corporation as set forth in the accompanying Management Information Circular; 6. to consider and, if thought fit, pass a special resolution authorizing amendments to the Corporation’s articles to consolidate the preferred shares, series 2 of the Corporation (the “Series 2 Preferred Shares”) on the basis of one (1) post-consolidation Series 2 Preferred Share for every 100 pre-consolidation Series 2 Preferred Shares, as set forth in the accompanying Management Information Circular; and 7. to transact such other business as may properly come before the Common Shareholder Meeting or any adjournment or adjournments thereof. The details of all matters proposed to be put before Common Shareholders at the Common Shareholder Meeting are set forth in the Management Information Circular accompanying this Notice of Meeting. At the Common Shareholder Meeting, Common Shareholders will be asked to approve each of the foregoing items. Only Common Shareholders of record as of May 19, 2026, the record date, are entitled to receive notice of the Common Shareholder Meeting.

NOTICE OF SPECIAL MEETING OF HOLDERS OF SERIES 2 PREFERRED SHARES

NOTICE IS HEREBY GIVEN THAT: a Special Meeting (the “Preferred Shareholder Meeting”) of the holders (“Preferred Shareholders”) of preferred shares, series 2 (“Series 2 Preferred Shares”) of the Corporation, will be held in the Suite 1650, 801 Sixth Avenue SW, Calgary, Alberta, on June 23, 2026, at 9:30 A.M. (Calgary time) for the following purposes: 1. to elect the members of the Oversight Committee of the Corporation for the ensuing year; and 2. to consider and, if thought fit, pass a special resolution authorizing amendments to the Corporation’s articles to consolidate the Series 2 Preferred Shares on the basis of one (1) post-consolidation Series 2 Preferred Share for every 100 pre-consolidation Series 2 Preferred Shares, as set forth in the accompanying Management Information Circular; and 3. to transact such other business as may properly come before the Preferred Shareholder Meeting or any adjournment or adjournments thereof. The details of all matters proposed to be put before Preferred Shareholders at the Preferred Shareholder are set forth in the Management Information Circular accompanying this Notice of Meeting. At the Preferred Shareholder Meeting, Preferred Shareholder will be asked to approve each of the foregoing items. Only Preferred Shareholders of record as of May 19, 2026, the record date, are entitled to receive notice of the Preferred Shareholder Meeting. DATED at Calgary, Alberta, this 22nd day of May 2026.