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FireFly Metals Ltd. Capital/Financing Update 2025

Dec 5, 2025

48548_rns_2025-12-05_af8cf470-c7b3-465f-87c9-5a81a7b8a734.pdf

Capital/Financing Update

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CERTIFICATE OF ELIGIBILITY UNDER NATIONAL INSTRUMENTS 44-101 – SHORT FORM PROSPECTUS

TO: Ontario Securities Commission

AND: Alberta Securities Commission
British Columbia Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan;
The Manitoba Securities Commission
Financial and Consumer Services Commission (New Brunswick)
Office of the Superintendent of Securities, Service Newfoundland and Labrador
Nova Scotia Securities Commission
Office of the Superintendent of Securities, Government of Prince Edward Island
Government of Newfoundland and Labrador, Financial Services Regulation Division

I, Darren Cooke, Chief Executive Officer of FireFly Metals Ltd (the “Issuer”), do hereby certify for and on behalf of the Issuer and not in my personal capacity that:

  1. I have made or have caused to be made such examinations or investigations as I believe necessary to enable me to make the statements set forth in this certificate;

  2. The Issuer is a reporting issuer under the Securities Act (British Columbia), the Securities Act (Alberta), the Securities Act (Saskatchewan), the Securities Act (Manitoba), the Securities Act (Ontario), the Securities Act (New Brunswick), the Securities Act (Nova Scotia), the Securities Act (Prince Edward Island), and the Securities Act (Newfoundland and Labrador);

  3. The Issuer is relying on the qualification criteria in Section 2.2 of National Instrument 44-101 – Short Form Prospectus Distributions (“NI 44-101”) to qualify to file a preliminary short form prospectus (the “Prospectus”);

  4. The Issuer has satisfied the qualification criteria in Section 2.2 of NI 44-101;

  5. All of the material incorporated by reference in the Prospectus and not previously filed is being filed with the Prospectus; and

  6. This certificate is made and delivered by the undersigned in accordance with the provisions of NI 44-101. Terms used with initial capitals which are not defined in this certificate are used with the meaning ascribed to such terms in NI 44-101.

[SIGNATURE PAGE FOLLOWS]


DATED December 5, 2025.

FIREFLY METALS LTD

By: (signed) “Darren Cooke”

Name: Darren Cooke

Title: Chief Executive Officer

Qualification Certificate