SOL Strategies Inc.

Board Composition

The Board currently consists of six (6) directors. As described in greater detail above under “Particulars of Matters to be Acted Upon – Election of Directors”, seven (7) directors will be proposed for election at the Meeting: Michael Hubbard, Luis Berruga, Jon Matonis, Rubsun Ho, Jose Calderon, Dennis Logan and Laszlo Borsai.

Of the foregoing individuals, Michael Hubbard, the Company’s Interim Chief Executive Officer, and Jon Matonis, the Company’s Chief Economist, are deemed not to be “independent” directors as defined in NI 58-101. The remaining candidates, including Luis Berruga, the current Chairman of the Board, would all be independent directors under NI 58-101. Where determined beneficial to do so, the independent directors of the Board will hold “in camera” sessions during Board meetings at which the non-independent directors are not present.

Since the beginning of the Company’s most recently completed financial year, all of the individuals proposed for election to the Board at the Meeting attended all meetings of the Board.

None of the individuals proposed for election at the Meeting are also directors of other reporting issuers (or the equivalent in other jurisdictions).