KORE Mining Ltd. — Audit Report / Information 2021

Jun 11, 2021

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June 11, 2021

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

We refer to the short form prospectus of KORE Mining Ltd. (the company) dated June 11, 2021 relating to the sale and issue of units of the company.

We consent to being named in and to the use, through incorporation by reference in the above-mentioned short form prospectus, of our report dated April 29, 2021 to the shareholders of the company on the following consolidated financial statements:

• consolidated statements of financial position as at December 31, 2020 and 2019;

• consolidated statements of loss and comprehensive loss for the years then ended;

• consolidated statements of cash flows for the years then ended;

• consolidated statements of changes in equity for the years then ended; and

• the notes to the consolidated financial statements, which include significant accounting policies and other explanation information.

We consent to being named in and to the use, through incorporation by reference in the above-mentioned short form prospectus, of our report dated April 28, 2020 to the shareholders of the company on the following consolidated financial statements:

• consolidated statements of financial position as at December 31, 2019 and 2018;

• consolidated statements of loss and comprehensive loss for the years then ended;

• consolidated statements of cash flows for the years then ended;

• consolidated statements of changes in equity for the years then ended; and

• the notes to the consolidated financial statements, which include significant accounting policies and other explanation information.

We consent to being named in and to the use, through incorporation by reference in the above-mentioned short form prospectus, of our report dated December 18, 2020 to the directors of KORE Mining Ltd. on the following carve-out financial statements of the Spin-off Exploration Assets of KORE Mining Ltd.:

• carve-out statement of financial position as at December 31, 2019 and 2018;

• carve-out statements of loss and comprehensive loss for the years then ended;

• carve-out statements of cash flows for the years then ended;

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PricewaterhouseCoopers LLP

PricewaterhouseCoopers Place, 250 Howe Street, Suite 1400, Vancouver, British Columbia, Canada V6C 3S7 T: +1 604 806 7000, F: +1 604 806 7806, www.pwc.com/ca

“PwC” refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership.

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• carve-out statements of changes in net parent investment for the years then ended; and

• the notes to the carve-out financial statements, which include significant accounting policies and other explanatory information.

We consent to being named in and to the use, through incorporation by reference in the above-mentioned short form prospectus, of our report dated December 18, 2020 to the directors of Karus Gold Corp. on the following financial statements of Karus Gold Corp.:

• statement of financial position as at November 30, 2020;

• statement of cash flows for the period from incorporation on November 20, 2020 to November 30, 2020;

• the statement of changes in shareholder’s equity for the period from incorporation on November 20,

• ● 2020 to November 30, 2020; and

• the notes to the financial statements, which include significant accounting policies and other explanation information.

We report that we have read the short form prospectus and all information specifically 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 on which we have reported or that are within our knowledge as a result of our audit 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 Canada Handbook – Assurance.

(Signed) “PricewaterhouseCoopers LLP”

Chartered Professional Accountants

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