BlockchainK2 Corp — Audit Report / Information 2018

Sep 16, 2021

FORM 52-110F2 DISCLOSURE BY VENTURE ISSUERS INDIGENOUS ROOTS CORP.

(the "Corporation")

1. The Audit Committee's Charter

The Corporation as not adopted an Audit Committee Charter.

2.

Composition of the Audit Committee

The functions of the Audit Committee are performed by the following:

Name and Office, if any	Independent	Financially Literate
Michael Matvieshen_President/CE_0	No	Yes

Each member is "financially literate" within the meaning of applicable Canadian securities laws based on each member's education and/or business experience.

3. Relevant Education and Experience

Each member has relevant business experience and/or education which allow them to understand the accounting principles used by the Corporation to prepare its financial statements and to adequately perform the other functions attributed to the Audit Committee.

Michael Matvieshen

Mr. Matvieshen has been a successful entrepreneur and senior executive in the technology development business for the past 30 years. He has an excellent background in renewable energy development founding companies that have brought to market over 60 solar projects worldwi de. He has been involved in land development and commercial construction as an owner and investor building and developing over $60 million in real estate projects.

4. Audit Committee Oversight

At no time since the commencement of the Corporation's most recently completed financial year was a recommendation of the Audit Committee to nominate or compensate an external auditor not adopted by the Board.

5.

Reliance on Certain Exemptions

At no time since the commencement of the Corporation's most recently completed financial year has the Corporation relied on the exemption in Section 2.4 of NI 52-110 (De-Minimis Non-Audit Services), or an exemption from 52-110, in whole or in part, granted under Part 8 of NI 52-110 (Exemptions).

6. Pre-Approval Policies and Procedures

The Audit Committee has not adopted specific policies and procedures for the engagement of noaudit services.

7. External Auditor Service Fees (By Category)

The aggregate fees billed by the Corporation's external auditors in each of the last two financial years for audit and non-audit related services are as follows:

		Audit-Related
Financial Year	Audit Fees<l1	Fees	Tax Fees<2l	All Other Fees<3l
2018	6,000	Nil	Nil	Nil
2017	10,000	Nil	Nil	Nil

Notes:

• (I) Audit fees were for professional services rendered for the audit of the Corporation's annual financial statements and are stated in US dollars. Tax fees include tax compliance, tax advice and tax planning professional fees

(2) Fees disclosed in the table above under the item "All Other Fee" relate to products and services other than the audit fees, audit related fees and tax fees.

8. Exemption

As a Venture Issuer within the meaning of NI 52-110, the Corporation is relying upon the exemption provided by Section 6.1 of NI 52-110, which exempts venture issuers from the requirements of Part 3, Composition of Audit Committee and Part 5, Reporting Obligations of NI 52110.