FireFly Metals Ltd. — Major Shareholding Notification 2021

Jun 29, 2021

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Auteco Minerals Ltd.

ACN/ARSN 110 336 733

1. Details of substantial holder (1) Name First Mining Gold Corp. ACN/ARSN (if applicable) N/A

The holder became a substantial holder on

7 / / June 21

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary Fully Paid	125,000,000	125,000,000	7.49% undiluted

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

llows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
First Mining Gold Corp.	See Annexure "A" attached.	125,000,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and numberof securities
First Mining Gold Corp.	First Mining Gold Corp.	First Mining Gold Corp.	125,000,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)	Consideration (9)	Class and numberof securities
		Cash	Non-cash
First Mining Gold Corp.	June 7, 2021	See Annexu	re "A" attached.	Ordinary Fully Paid:125,000,000

603 page 2/2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

==> picture [455 x 134] intentionally omitted <==

----- Start of picture text ----- Name and ACN/ARSN (if applicable) Nature of associationN/A N/A7. AddressesThe addresses of persons named in this form are as follows:Name AddressFirst Mining Gold Corp. Suite 2070 - 1188 West Georgia Street, Vancouver, British Columbia V6E 4A2 Canada----- End of picture text -----

Signature

print name Samir Patel capacity General Counsel & Corporate Secretary sign here "Samir Patel" date 29 / June / 21

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

  • See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".

• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

ANNEXURE “A”

THIS IS ANNEXURE “A” REFERRED TO IN FORM 603 – NOTICE OF INITIAL SUBSTANTIAL HOLDER

COMPANY NAME: AUTECO MINERALS LTD.

ACN/ARSN: 110 336 733

THIS ANNEXURE “A” IS IN RESPECT OF “3. DETAILS OF RELEVANT INTERESTS” AND “5. CONSIDERATION” IN FORM 603

ON MARCH 12, 2020, FIRST MINING GOLD CORP. ENTERED INTO AN EARN-IN AGREEMENT WITH AUTECO MINERALS LTD. PURSUANT TO WHICH AUTECO MINERALS LTD., THROUGH ITS WHOLLY-OWNED SUBSIDIARY, MAY EARN UP TO AN 80% INTEREST IN PC GOLD INC., A WHOLLY-OWNED SUBSIDIARY OF FIRST MINING GOLD CORP. THAT OWNS THE PICKLE CROW GOLD PROJECT IN ONTARIO, CANADA.

UNDER THE TERMS OF THE EARN-IN AGREEMENT, FIRST MINING GOLD CORP. RECEIVED 25,000,000 ORDINARY SHARES OF AUTECO MINERALS LTD. UPON EXECUTION OF THE AGREEMENT. FOLLOWING THE COMPLETION BY AUTECO MINERALS LTD. OF THE STAGE 1 EARN-IN REQUIREMENTS IN THE EARN-IN AGREEMENT, WHICH RESULTED IN AUTECO MINERALS LTD. ACQUIRING, THROUGH ITS WHOLLY-OWNED SUBSIDIARY, A 51% INTEREST IN PC GOLD INC., 100,000,000 ORDINARY SHARES OF AUTECO MINERALS LTD. WERE ISSUED TO FIRST MINING GOLD CORP. ON JUNE 7, 2021 IN ACCORDANCE WITH THE TERMS OF THE EARN-IN AGREEMENT. AS A RESULT OF THIS SHARE ISSUANCE, FIRST MINING GOLD CORP. BECAME A SUBSTANTIAL HOLDER OF AUTECO MINERALS LTD.