Evolve Royalties Ltd — Regulatory Filings 2021

Feb 19, 2021

Note: [01 Mar 2017] – The following is a consolidation of 13-501F1. It incorporates amendments to this document that came into effect on March 1, 2017. This consolidation is provided for your convenience and should not be relied on as authoritative.

FORM 13-501F1 CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

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I, ____ Marina Katsimitsoulias , an officer of the reporting issuer noted below have examined this
Form 13-501F1 (the Form ) being submitted hereunder to the Alberta Securities Commission and
certify that to my knowledge, having exercised reasonable diligence, the information provided in
the Form is complete and accurate.
"SIGNED" ____ ____ February 19, 2021
Name: Date: Marina Katsimitsoulias
Title: Chief Financial Officer
Reporting Issuer Name: Voyageur Mineral Explorers Corp. (for
End date of previous financial year: November 30, 2020
Type of Reporting Issuer: [ ] Class 1 reporting [ ] Class 3B reporting
issuer issuer
Highest Trading Marketplace: CSE
Market value of listed or quoted equity securities:
Equity Symbol VOY
1st Specified Trading Period (dd/mm/yy) __ to _____ 01/12/2019 29/02/2020
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading $ ____ 0.3000
marketplace (i)
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Number of securities in the class o security outstanding at the end of t the specified trading period	Number of securities in the class o security outstanding at the end of t the specified trading period	r series of such he last trading day of ______ (ii) 23,186,632	r series of such he last trading day of ______ (ii) 23,186,632	r series of such he last trading day of ______ (ii) 23,186,632	r series of such he last trading day of ______ (ii) 23,186,632
	Number of securities in the class o security outstanding at the end of t the specified trading period	r series of such he last trading day of ___ (ii)	___ 23,186,632
	Market value of class or series 2nd Specified Trading Period(d Closing price of the security in the last trading day of the specified tra	(i) x (ii) $ _ (A) d/mm/yy) ___ t class or series on the ding period in which 01/03/2020	___ o ___ 31/05/2020 6,955,989.6	__ ___ 000
	such security was listed or quoted marketplace Number of securities in the class o security outstanding at the end of t the specified trading period Market value of class or series	on the highest trading $ _ (iii) r series of such he last trading day of __ (iv) (iii) x (iv) $ _ (B)	___ _ ____ 7,883,454.8 23,186, 0.3	632 400
				__ 800
	3rd Specified Trading Period(dd Closing price of the security in the last trading day of the specified tra such security was listed or quoted marketplace Number of securities in the class o	/mm/yy) ___ t class or series on the ding period in which on the highest trading $ _ (v) r series of such 01/06/2020	o __ ____ 0.4 31/08/2020	___ __ 650
security outstanding at the end of t the specified trading period Market value of class or series	security outstanding at the end of t the specified trading period Market value of class or series	he last trading day of __ (vi) (v) x (vi) $ _ (C)	__ _____ 12,680,565. 27,270,0	345 33

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4th Specified Trading Period (dd/mm/yy) __ to __ 01/09/2020 30/11/2020
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading $ ___ 0.3000
marketplace (vii)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of ___ 27,270,033
the specified trading period (viii)
(vii) x (viii) $ ___ 8,181,009.9000
Market value of class or series (D)
5th Specified Trading Period (dd/mm/yy) __ to __
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading $ ___
marketplace (ix)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of ___
the specified trading period (x)
(ix) x (x) $ ___
Market value of class or series (E)
Average Market Value of Class or Series (Calculate
the simple average of the market value of the class or
series of security for each applicable specified trading $ ____ 8,925,254.9312
period (i.e. A through E above)) ( 1 )
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(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

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Fair value of outstanding debt securities:
(Provide details of how value was determined) $ ___
( 2 )
Capitalization for the previous financial year (1) + (2) $ ___ 8,925,254.9312
Participation Fee $ ___ 400.0000
Late Fee , if applicable $ ___
Total Fee Payable $ ____ 400.0000
(Participation Fee plus Late Fee)
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