Drummond Ventures Corp. — Audit Report / Information 2025

Apr 16, 2026

3 smythe

April 15, 2026

British Columbia Securities Commission
Alberta Securities Commission

Dear Sirs/ Mesdames:

Re: Toro Silver Corp. (the "Company")

We refer to the filing statement of Drummond Ventures Corp. dated April 15, 2026, relating to the qualifying transaction of Drummond Ventures Corp. and the Company (the "Filing Statement").

We consent to being named and to the use in the above-mentioned Filing Statement, of our report dated April 6, 2026 to the shareholders of the Company on the following financial statements:

• Consolidated statements of financial position as at June 30, 2025, June 30, 2024 and July 1, 2023;
• Consolidated statements of loss and comprehensive loss, changes in shareholders' deficiency and cash flows for the years ended June 30, 2025 and 2024; and
• Notes to the consolidated financial statements, including material accounting policy information.

We report that we have read the Filing Statement and all information therein and have no reason to believe that there are any misrepresentations in the information contained therein that are derived from these financial statements upon which we have reported or that are within our knowledge as a result of our audit of these financial statements. We have complied with the Canadian generally accepted standards for an auditor's consent to the use of a report of the auditor included in an offering document, which does not constitute an audit or review of the Filing Statement as these terms are described in the CPA Canada Handbook – Assurance.

Yours truly,

Smythe LLP

Smythe LLP
Chartered Professional Accountants

SMYTHE LLP | smythecpa.com

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