Conquest Resources Limited — Audit Report / Information 2021

Jan 26, 2022

chartered professional accountant licensed public accountant

Oakville, Ontario, Canada

simone & company

January 19, 2022

Ontario Securities Commission P.O. Box 55 Suite 1903, 20 Queen Street West Toronto, Ontario M5H 3S8

Alberta Securities Commission Suite 400 300 - 5th Avenue S.W. Calgary, Alberta T2P 3C4

British Columbia Securities Commission P.O. Box 10142, Pacific Centre 701 West Georgia Street Vancouver, British Columbia V7Y 1L2

TSX Venture Exchange P.O. Box 450 130 King Street West Toronto, Ontario M5X 1J2

Dear Sirs/Mesdames:

re: Conquest Resources Limited (the "Corporation") - Notice of Change of Auditor

Please be advised that, in connection with National Instrument 51-102, a copy of the Notice of Change of Auditor (the "Notice") dated January 6, 2022 in respect of the above captioned change of auditor was delivered to us. We reviewed the Notice and, based upon our knowledge at this time, we hereby notify the Commissions that:

1. We have no basis to agree our disagree with the statement that McGovern Hurley LLP, Chartered Professional Accountants, (the "Predecessor Auditor") resigned on its own initiative as auditor of the Corporation.

2. We agree with the statement that the Predecessor Auditor has neither expressed a modified opinion in its reports for the most recently completed fiscal year of the Corporation, nor for the period from the most recently completed period for which the Predecessor Auditor issued an audit report in respect of the Corporation and the date of this Notice.

3. We agree with the statement that the resignation of the Predecessor Auditor and the appointment of simone & company, Chartered Professional Accountant, (the "Successor Auditor") as auditor of the Corporation were considered by the Audit Committee and approved by the Board of Directors of the Corporation.

4. With respect to the opinion of the Board of Directors of the Corporation stating that no "reportable event" as defined by NI 51-102 has occurred in connection with the audits of the two most recently completed fiscal years of the Corporation nor any period from the most recently completed period for which the Predecessor Auditor issued an audit report in respect of the Corporation and the date of this Notice, we state the following:

   • We have no basis to agree or disagree with the statement that there has been neither a disagreement nor unresolved issue between the Predecessor Auditor and the Corporation; and

   • We agree with the statement there has been no consultation between the Successor Auditor and the Corporation.

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