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[email protected]. ARRANGEMENT INVOLVING PLATEAU ENERGY METALS INC. and AMERICAN LITHIUM CORP. NOTICE AND MANAGEMENT INFORMATION CIRCULAR FOR THE SPECIAL MEETING OF SECURITYHOLDERS OF PLATEAU ENERGY METALS INC. TO BE HELD ON MAY 3, 2021 The Board of Directors unanimously recommends that Securityholders vote FOR the Arrangement Resolution TAKE ACTION AND VOTE TODAY March 31, 2021 Letter to Securityholders March 31, 2021 Dear Securityholders: The Board of Directors (the “Board”) of Plateau Energy Metals Inc. (the “Company” or “Plateau”) invites you to attend the special meeting (the “Meeting”) of the holders (the “Shareholders”) of common shares of the Company (the “Plateau Shares”) and the holders of stock options of the Company (the “Optionholders”, and collectively with the Shareholders, the “Securityholders”) to be held virtually on May 3, 2021 at 10:00 a.m. (Toronto time) at https://6ix.com/event/plateau-energy-metals-special- shareholder-meeting/. At the Meeting, Securityholders will be asked to consider and, if deemed acceptable, pass a special resolution (the “Arrangement Resolution”) approving an arrangement (the “Arrangement”) with American Lithium Corp. (the “Purchaser”