Corcel Exploration Inc. — Audit Report / Information 2026

Feb 5, 2026

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NOTICE OF CHANGE OF AUDITOR

Pursuant to Section 4.11 of National Instrument 51-102 Continuous Disclosure Obligations

To: British Columbia Securities Commission

Alberta Securities Commission Ontario Securities Commission

And to: Clearhouse Chartered Professional Accountants LLP

WDM Chartered Professional Accountants

In accordance with National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102"), Corcel Exploration Inc. (the "Company") hereby gives notice and confirms that:

• 1. Clearhouse Chartered Professional Accountants LLP, ("Clearhouse") has resigned as auditor of the Company effective February 2, 2026, at the request of the Company.
• 1. The Company has appointed WDM Chartered Professional Accountants ("WDM") as successor auditor, to hold office commencing February 2, 2026 until the close of the next annual general meeting of the Company.
• 1. The Audit Committee of the Company's Board of Directors has considered the resignation of Clearhouse as auditor and recommended the appointment of WDM as the Company's successor auditor.
• 1. The resignation of Clearhouse as the Company's auditor and the appointment of WDM as the Company's successor auditor were approved by the Board of Directors of the Company.
• 1. Clearhouse has not expressed any modified opinion in its audit reports related to the annual financial statements of the Company for the two fiscal years preceding the date of this Notice nor any similar reservation on interim financial information for any subsequent periods preceding the date of this Notice.
• 1. In the opinion of the Company, there were no "reportable events" (as defined in NI 51-102) in connection with the audits of the two most recently completed fiscal years or any subsequent periods preceding the date of this Notice.
• 1. The contents of this Notice of Change of Auditor have been considered by the Audit Committee and reviewed and approved by the Board of Directors of the Company.

DATED as of the 2nd day of February 2026.

CORCEL EXPLORATION INC.

/s/ "Jon Ward"

JON WARD, Director and CEO