Fredonia Mining Inc. — Audit Report / Information 2022

Nov 20, 2023

FREDONIA MINING INC.

NOTICE OF CHANGE OF AUDITORS

• TO: Alberta Securities Commission British Columbia Securities Commission

• Ontario Securities Commission

AND TO: MNP LLP

McGovern Hurley LLP

Fredonia Mining Inc. (the “ Corporation ”), gives the following notice in accordance with Section 4.11 of National Instrument 51-102 – Continuous Disclosure Obligations (“ NI 51-102 ”):

1. At the request of the Corporation, MNP LLP (the “ Former Auditor ”) has resigned as auditor of the Corporation effective November 15, 2023 (the “ Effective Date ”) to facilitate the appointment of McGovern Hurley LLP (the “ Successor Auditor ”).

2. The Audit Committee and the Board of Directors of the Corporation have considered and approved the Former Auditor’s resignation and have appointed the Successor Auditor as the successor auditors of the Corporation as of the Effective Date to hold office until approval at the next annual meeting of shareholders of the Corporation.

3. The auditor’s reports of the Former Auditor, on the financial statements of the Corporation for the fiscal years ended September 30, 2022 and September 30, 2021, respectively, and for any subsequent period ending prior to the date of resignation did not express a modified opinion.

4. In the opinion of the Corporation, no “reportable event” as defined in NI 51-102 has occurred.

5. The contents of this Notice and letters written by the Former Auditor and the Successor Auditor addressed to the applicable Canadian securities regulatory authorities pursuant to Sections 4.11(5) and 4.11(6) of NI 51-102 have been reviewed by the Audit Committee and the Board of Directors.

Dated November 15, 2023

FREDONIA MINING INC.

Per: (signed) “Omar Salas” Name: Omar Salas Title: Chief Financial Officer

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