Black Diamond Group Limited — Capital/Financing Update 2025

Jul 1, 2025

TO: Alberta Securities Commission
British Columbia Securities Commission
Financial and Consumer Affairs Authority – Securities Division (Saskatchewan)
Manitoba Securities Commission
Ontario Securities Commission
Financial and Consumer Services Commission (New Brunswick)
Nova Scotia Securities Commission
PEI Office of the Superintendent of Securities
Securities NL, Financial Services Regulation Division, Department of Government Services (Newfoundland and Labrador)

Re: Black Diamond Group Limited (the “Company”) Preliminary Short Form Prospectus (the “Preliminary Prospectus”) Qualification Certificate dated June 30, 2025

I, Toby LaBrie, the Executive Vice President and Chief Financial Officer of the Company, hereby advise that the Company is relying on the qualification criteria set forth in section 2.2 of National Instrument 44-101, Short Form Prospectus Distributions (“NI 44-101”) in order to be qualified to file a prospectus in the form of a short form prospectus and certify that:

(a) all of those qualification criteria have been satisfied; and
(b) all of the material incorporated by reference in the Preliminary Prospectus and not previously filed is being filed with the Preliminary Prospectus.

This certificate is given pursuant to the requirement set out in paragraph 4.1(a)(ii) of NI 44-101.

Dated the 30th day of June, 2025.

BLACK DIAMOND GROUP LIMITED

Per: signed “Toby LaBrie”
Toby LaBrie
Executive Vice President and Chief Financial Officer