Generation Mining Limited — Regulatory Filings 2023

Nov 16, 2023

November 16, 2023

British Columbia Securities Commission Alberta Securities Commission Financial and Consumer Affairs Authority of Saskatchewan, Securities Division The Manitoba Securities Commission Ontario Securities Commission Financial and Consumer Services Commission, New Brunswick Nova Scotia Securities Commission Superintendent of Securities, Prince Edward Island Superintendent of Securities, Newfoundland & Labrador

Dear Sirs/Mesdames:

Re: Generation Mining Limited (the “Company”)

We refer to the short form prospectus of the Company dated November 16, 2023 (the “Prospectus”) relating to an offering of units and flow-through units of the Company, filed under the securities legislation, regulations, rules and policies of each of the provinces of Canada except Québec.

We consent to being named and to the incorporation by reference, in the above-mentioned Prospectus, of our independent auditor’s report dated March 31, 2023 to the shareholders of the Company on the following financial statements:

• Consolidated statements of financial position as at December 31, 2022 and December 31, 2021;

• • Consolidated statements of loss and comprehensive loss, changes in shareholders’ equity (deficit), and cash flows for the years ended December 31, 2022 and December 31, 2021, and notes to the consolidated financial statements, including a summary of significant accounting policies.

We report that we have read the Prospectus and all documents incorporated by reference therein and have no reason to believe that there are any misrepresentations in the information contained therein that are derived from the financial statements upon which we have reported or that are within our knowledge as a result of our audits of such financial statements. We have complied with Canadian generally accepted standards for an auditor's consent to the use of a report of the auditor included in an offering document, which does not constitute an audit or review of the prospectus as these terms are described in the CPA Handbook – Assurance.

==> picture [172 x 39] intentionally omitted <==

Chartered Professional Accountants Licensed Public Accountants Toronto, Ontario