First Phosphate Corp. — Regulatory Filings 2021

Feb 6, 2021

FORM 13-501F2 CLASS 2 REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

I,[L] _[O] _[R] _[IL] _[E] _[E] _[K] _[O] _[Z] _[U] _[S] _[K] _[A] ________ , an officer of the reporting issuer noted below have examined this Form 13-501F2 (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) " Lorilee Kozuska "________________________ February 5, 2021 _________________________________Name: Date: Lorilee Kozuska Title: Chief Financial Officer

Reporting Issuer Name: FIRST POTASH CORP.

End date of previous financial year: February 29, 2020

Financial Statement Values:

(Use stated values from the audited financial statements of the reporting issuer as of the end of its previous financial year)

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----- Start of picture text ----- Retained earnings or deficit $ -10,336,664 (A)Contributed surplus $ 1,466,528.00 (B)Share capital or owners’ equity, options, warrants and preferredshares (whether such shares are classified as debt or equity forfinancial reporting purposes) $ 8,847,636.00 (C)Non-current borrowings (including the current portion) $ 0.00 (D)Finance leases (including the current portion) $ 0.00 (E)Non-controlling interest $ 0.00 (F)Items classified on the statement of financial position as non-current liabilities (and not otherwise listed above) $ 0.00 (G)Any other item forming part of equity and not set out specificallyabove $ 0.00 (H)----- End of picture text -----

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----- Start of picture text ----- Capitalization for the previous financial year(Add items (A) through (H)) $ -22,500.00Participation Fee$ 400.00Late Fee , if applicable $ 5,000.00Total Fee Payable $ 5,400.00(Participation Fee plus Late Fee)----- End of picture text -----