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Form of Proxy

SHAMARAN PETROLEUM CORP

Notes

No. Proposition For Against Abstain
1

TO SET THE NUMBER OF DIRECTORS AT FIVE (5)

2

ELECTION OF DIRECTOR: CHRIS BRUIJNZEELS

3

ELECTION OF DIRECTOR: GARRETT SODEN

4

ELECTION OF DIRECTOR: MICHAEL EBSARY

5

ELECTION OF DIRECTOR: KEITH HILL

6

ELECTION OF DIRECTOR: WILLIAM LUNDIN

7

APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS AUDITORS OF THE CORPORATION FOR THE ENSUING YEAR AND AUTHORIZING THE DIRECTORS TO FIX THEIR REMUNERATION

8

TO PASS AN ORDINARY RESOLUTION PROVIDING THE REQUIRED ANNUAL APPROVAL OF THE CORPORATIONS INCENTIVE STOCK OPTION PLAN, AS MORE PARTICULARLY DESCRIBED IN THE ACCOMPANYING MANAGEMENT INFORMATION CIRCULAR

9

TO PASS AN ORDINARY RESOLUTION PROVIDING THE REQUIRED APPROVAL TO THE AMENDMENTS OF THE CORPORATIONS DEFERRED SHARE UNIT PLAN, AS MORE PARTICULARLY DESCRIBED IN THE ACCOMPANYING MANAGEMENT INFORMATION CIRCULAR