KORE Mining Ltd. — Proxy Solicitation & Information Statement 2020

Dec 23, 2020

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KORE MINING LTD.

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8th Floor, 100 University Avenue Toronto, Ontario M5J 2Y1 www.computershare.com

Security Class

Holder Account Number

Form of Proxy - Special Meeting to be held on January 20, 2021

This Form of Proxy is solicited by and on behalf of Management.

Notes to proxy

1. Every holder has the right to appoint some other person or company of their choice, who need not be a holder, to attend and act on their behalf at the meeting or any adjournment or postponement thereof. If you wish to appoint a person or company other than the persons whose names are printed herein, please insert the name of your chosen proxyholder in the space provided (see reverse).

1. If the securities are registered in the name of more than one owner (for example, joint ownership, trustees, executors, etc.), then all those registered should sign this proxy. If you are voting on behalf of a corporation or another individual you must sign this proxy with signing capacity stated, and you may be required to provide documentation evidencing your power to sign this proxy.

2. This proxy should be signed in the exact manner as the name(s) appear(s) on the proxy.

3. If this proxy is not dated, it will be deemed to bear the date on which it is mailed by Management to the holder.

5. The securities represented by this proxy will be voted as directed by the holder, however, if such a direction is not made in respect of any matter, this proxy will be voted as recommended by Management.

1. The securities represented by this proxy will be voted in favour or withheld from voting or voted against each of the matters described herein, as applicable, in accordance with the instructions of the holder, on any ballot that may be called for and, if the holder has specified a choice with respect to any matter to be acted on, the securities will be voted accordingly.

2. This proxy confers discretionary authority in respect of amendments or variations to matters identified in the Notice of Meeting or other matters that may properly come before the meeting or any adjournment or postponement thereof.

3. This proxy should be read in conjunction with the accompanying documentation provided by Management.

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Proxies submitted must be received by 10:00 am (Pacific Time) on January 18, 2021.

VOTE USING THE TELEPHONE OR INTERNET 24 HOURS A DAY 7 DAYS A WEEK!

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To Vote Using the Telephone

• Call the number listed BELOW from a touch tone telephone.

• 1-866-732-VOTE (8683) Toll Free

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To Vote Using the Internet

• Go to the following web site:

• www.investorvote.com

• Smartphone? Scan the QR code to vote now.

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To Virtually Attend the Meeting

• You can attend the meeting virtually by visiting the URL provided on the back of this proxy.

If you vote by telephone or the Internet, DO NOT mail back this proxy.

Voting by mail may be the only method for securities held in the name of a corporation or securities being voted on behalf of another individual. Voting by mail or by Internet are the only methods by which a holder may appoint a person as proxyholder other than the Management nominees named on the reverse of this proxy. Instead of mailing this proxy, you may choose one of the two voting methods outlined above to vote this proxy.

To vote by telephone or the Internet, you will need to provide your CONTROL NUMBER listed below.

CONTROL NUMBER

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Appointment of Proxyholder

I/We being holder(s) of KORE Mining Ltd. hereby appoint(s): Print the name of the person you are James Hynes, or failing him, Scott Trebilcock, or failing him, OR appointing if this person is someone Jessica Van Den Akker other than the Chairman of the Meeting.

Note: If completing the appointment box above and your appointee intends on attending online YOU MUST go to http://www.computershare.com/KoreMining and provide Computershare with the name and email address of the person you are appointing. Computershare will use this information ONLY to provide the appointee with a user name to gain entry to the online meeting.

as my/our proxyholder with full power of substitution and to attend, act and to vote for and on behalf of the shareholder in accordance with the following direction (or if no directions have been given, as the proxyholder sees fit) and all other matters that may properly come before the Special Meeting of shareholders of KORE Mining Ltd. to be held virtually at http://web.lumiagm.com/204510194, on Wednesday, January 20, 2021 at 10:00 am (Pacific Time) and at any adjournment or postponement thereof.

VOTING RECOMMENDATIONS ARE INDICATED BY HIGHLIGHTED TEXT OVER THE BOXES.

	For	Against
1. Arrangement Resolution
To approve an arrangement under Part 9, Division 5 of the_Business Corporations Act_(British Columbia) involving KORE Mining Ltd. (the “Company”) and Karus Gold			Fold
Corp., the full text of which is set out in Schedule “A” to the management information circular of the Company.
	For	Against
2. Karus Gold Corp. Stock Option Plan
Subject to the approval of the arrangement resolution, to approve the stock option plan of Karus Gold Corp., the full text of which is set out in Schedule “B” to the
management information circular of the Company.
	For	Against
3. Karus Gold Corp. Omnibus Share Compensation Plan
Subject to the approval of the arrangement resolution, to approve the omnibus share compensation plan of Karus Gold Corp., the full text of which is set out in
Schedule “C” to the management information circular of the Company.
	For	Against

4. Karus Gold Corp. Advanced Notice Policy

Subject to the approval of the arrangement resolution, to approve the advance notice policy of Karus Gold Corp., the full text of which is set out in Schedule “D” to the management information circular of the Company.

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Authorized Signature(s) – This section must be completed for your	Signature(s)	Signature(s)	Date
instructions to be executed.
I/We authorize you to act in accordance with my/our instructions set out above. I/We hereby revoke any proxy previously given with respect to the Meeting.If no voting instructions are indicated above, this Proxy will be voted as recommended by Management.			MM /DD /YY

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