Ontario

Ministry of Public and
Business Service Delivery
Ministère des Services au public et
aux entreprises

Certificate of Continuance

Business Corporations Act

Certificat de maintien

Loi sur les sociétés par actions

LIPARI MINING LTD.

Corporation Name / Dénomination sociale

1001282185

Ontario Corporation Number / Numéro de société de l'Ontario

This is to certify that these articles are effective on
La présente vise à attester que ces statuts entreront en vigueur le

July 11, 2025 / 11 juillet 2025

V. Quintanilla W.
Director / Directeur
Business Corporations Act / Loi sur les sociétés par actions

The Certificate of Continuance is not complete without the Articles of Continuance

Certified a true copy of the record of the Ministry of Public and Business Service Delivery.
V. Quintanilla W.
Director/Registrar

Le certificat de maintien n'est pas complet s'il ne contient pas les statuts de maintien

Copie certifiée conforme du dossier du ministère des Services au public et aux entreprises.
V. Quintanilla W.
Directeur ou registrateur

BCA - Articles of Continuance - LIPARI MINING LTD. - OCN:1001282185 - July 11, 2025

Ontario

Ministry of Public and Business Service Delivery

Articles of Continuance

Business Corporations Act

Corporation Name
LIPARI MINING LTD.
Date of Incorporation/Amalgamation
July 29, 2013
Name of jurisdiction the corporation is leaving
Canada - Federal
The continuance was authorized by home jurisdiction on
June 25, 2025
The corporation is continued in Ontario under the name
LIPARI MINING LTD.
Registered Office Address
40 King Street West, Suite 2400, Toronto, Ontario, M5H3Y2, Canada
Number of Directors
Minimum/Maximum
Min 3 / Max 10

The endorsed Articles of Continuance are not complete without the Certificate of Continuance.
Certified a true copy of the record of the Ministry of Public and Business Service Delivery.

V. Quinlanilla W.

Director/Registrar, Ministry of Public and Business Service Delivery

BCA - Articles of Continuance - LIPARI MINING LTD. - OCN:1001282185 - July 11, 2025

The director(s) is/are:

Full Name
Address for Service

MAURICE AFTERGUT
40 King Street West, Suite 2400, Toronto, Ontario, M5H3Y2, Canada

Full Name
Address for Service

LUIZ BIZZI
40 King Street West, Suite 2400, Toronto, Ontario, M5H3Y2, Canada

Full Name
Address for Service

AUGUSTO PAULINO DE ALMEIDA NETO
40 King Street West, Suite 2400, Toronto, Ontario, M5H3Y2, Canada

Full Name
Address for Service

HERMANO DE VILLEMOR AMARAL
40 King Street West, Suite 2400, Toronto, Ontario, M5H3Y2, Canada

Full Name
Address for Service

BRUCE RAMSDEN
40 King Street West, Suite 2400, Toronto, Ontario, M5H3Y2, Canada

Full Name
Address for Service

STEPHEN WOODHEAD
40 King Street West, Suite 2400, Toronto, Ontario, M5H3Y2, Canada

Full Name
Address for Service

PAUL ZIMNISKY
40 King Street West, Suite 2400, Toronto, Ontario, M5H3Y2, Canada

Restrictions, if any, on business the corporation may carry on or on powers the corporation may exercise. If none, enter "None":

None.

The classes and any maximum number of shares that the corporation is authorized to issue:

The Corporation is authorized to issue an unlimited number of common shares and an unlimited number of preferred shares.

Rights, privileges, restrictions and conditions (if any) attaching to each class of shares and directors' authority with

The endorsed Articles of Continuance are not complete without the Certificate of Continuance.

Certified a true copy of the record of the Ministry of Public and Business Service Delivery.

V. Quintanilla W.

Director/Registrar, Ministry of Public and Business Service Delivery

BCA - Articles of Continuance - LIPARI MINING LTD. - OCN:1001282185 - July 11, 2025

respect to any class of shares which may be issued in series. If there is only one class of shares, enter "Not Applicable":

1. COMMON SHARES

1.1 Payment of Dividends

The holders of the common shares shall be entitled to receive dividends if, as and when declared by the board of directors of the Corporation out of the assets of the Corporation properly applicable to the payment of dividends in such amounts and payable in such manner as the board of directors may from time to time determine. Subject to the rights of the holders of any other class of shares of the Corporation entitled to receive dividends in priority to or concurrently with the holders of the common shares, the board of directors may in its sole discretion declare dividends on the common shares to the exclusion of any other class of shares of the Corporation.

1.2 Participation upon Liquidation, Dissolution, Winding-Up

In the event of the liquidation, dissolution or winding up of the Corporation or other distribution of assets of the Corporation among its shareholders for the purpose of winding up its affairs, the holders of the common shares shall, subject to the rights of the holders of any other class of shares of the Corporation entitled to receive assets of the Corporation upon such a distribution in priority to or concurrently with the holders of the common shares, be entitled to participate in the distribution. Such distribution shall be made in equal amounts per share on all the common shares at the time outstanding without preference or distinction.

1.3 Voting Rights

The holders of the common shares shall be entitled to receive notice of and to attend all annual and special meetings of the shareholders of the Corporation and to 1 vote in respect of each common share held at all such meetings.

2. PREFERRED SHARES

2.1 Issuance in Series

The preferred shares may, at any time and from time to time, be issued in one or more series, each series to consist of that number of shares as may, before the issue thereof, be fixed by the directors of the Corporation.

The Corporation's directors may, before issuance of one or more series, fix the number of shares of each series, determine their designation and determine the rights, privileges, restrictions and conditions attaching to the preferred shares of each series.

No share of any series shall be issued before the deliverance by the Director, Ministry of Public and Business Service Delivery, appointed under the Business Corporations Act (Ontario), of a certificate of amendment in respect of the articles of amendment providing for the creation of that series of preferred shares.

2.2 Modification to Rights

The following actions require the approval of at least 2/3 of the votes cast by the holders of preferred shares represented at a special meeting called for that purpose (in addition to satisfying any other legal requirement): (i) creating shares with the same or greater priority as preferred shares and (ii) modifying any provision applicable to preferred shares or to shares of another class with the same or greater priority as preferred shares.

The endorsed Articles of Continuance are not complete without the Certificate of Continuance.

Certified a true copy of the record of the Ministry of Public and Business Service Delivery.

V. Quinlanilla W.

Director/Registrar, Ministry of Public and Business Service Delivery

BCA - Articles of Continuance - LIPARI MINING LTD. - OCN:1001282185 - July 11, 2025

The issue, transfer or ownership of shares is/is not restricted and the restrictions (if any) are as follows. If none, enter "None":

None.

Other provisions

None.

The corporation is to be continued under the Business Corporations Act to the same extent as if it had been incorporated under this Act.
The corporation has complied with subsection 180(3) of the Business Corporations Act.

The articles have been properly executed by the required person(s).

The endorsed Articles of Continuance are not complete without the Certificate of Continuance.

Certified a true copy of the record of the Ministry of Public and Business Service Delivery.

V. Quinlanilla W.

Director/Registrar, Ministry of Public and Business Service Delivery
Page 4 of 6

BCA - Articles of Continuance - LIPARI MINING LTD. - OCN:1001282185 - July 11, 2025

Supporting Document - Constating Document from Governing Jurisdiction

The endorsed Articles of Continuance are not complete without the Certificate of Continuance.

Certified a true copy of the record of the Ministry of Public and Business Service Delivery.

V. Quinlanilla W.

Director/Registrar, Ministry of Public and Business Service Delivery

Page 5 of 6

BCA - Articles of Continuance - LIPARI MINING LTD. - OCN:1001282185 - July 11, 2025

Supporting Information - Nuans Report Information

Nuans Report Reference # 122524632
Nuans Report Date April 30, 2025

The endorsed Articles of Continuance are not complete without the Certificate of Continuance.

Certified a true copy of the record of the Ministry of Public and Business Service Delivery.

V. Quinlanilla W.

Director/Registrar, Ministry of Public and Business Service Delivery
Page 6 of 6

Innovation, Science and Economic Development Canada
Corporations Canada
Innovation, Sciences et Développement économique Canada
Corporations Canada

Corporations Canada
C. D. Howe Building
235 Queen St
Ottawa ON K1A 0H5
Corporations Canada
Édifice C.D.Howe
235 rue Queen
Ottawa ON K1A 0H5

Canada Business Corporations Act

Loi canadienne sur les sociétés par actions

I HEREBY CERTIFY THAT THE ATTACHED IS A TRUE COPY OF THE DOCUMENT MAINTAINED IN THE RECORDS OF THE DIRECTOR.

JE CERTIFIE, PAR LES PRESENTES, QUE LE DOCUMENT CI-JOINT EST UNE COPIE EXACTE D'UN DOCUMENT CONTENU DANS LES LIVRES TENUS PAR LE DIRECTEUR.

Hantz Prosper
Director General / Directeur général

Date: 2025-06-26

Canada
Telephone / Téléphone
1-866-333-5556
Email / Courriel
[email protected]
Website / Site Web
https://corporationscanada.ic.gc.ca

Industry Canada
Industrie Canada

Certificate of Amalgamation

Canada Business Corporations Act

Certificat de fusion

Loi canadienne sur les sociétés par actions

GOLDEN SHARE MINING CORPORATION

CORPORATION MINIÈRE GOLDEN SHARE

Corporate name / Dénomination sociale

855073-5

Corporation number / Numéro de société

I HEREBY CERTIFY that the above-named corporation resulted from an amalgamation, under section 185 of the Canada Business Corporations Act, of the corporations set out in the attached articles of amalgamation.

JE CERTIFIE que la société susmentionnée est issue d'une fusion, en vertu de l'article 185 de la Loi canadienne sur les sociétés par actions, des sociétés dont les dénominations apparaissent dans les statuts de fusion ci-joints.

Marcie Girouard
Director / Directeur

2013-07-29

Date of Amalgamation (YYYY-MM-DD)
Date de fusion (AAAA-MM-JJ)

Canada

Industry Canada
Canada Business Corporations Act (CBCA)
Industrie Canada
Loi canadienne sur les sociétés par actions (LCSA)
FORM 9 ARTICLES OF AMALGAMATION (SECTION 185)
FORMULAIRE 9 STATUTS DE FUSION (ARTICLE 185)

Form 9

1 - Name of the Amalgamated Corporation
GOLDEN SHARE MINING CORPORATION
CORPORATION MINIÈRE GOLDEN SHARE

2 - The province or territory in Canada where the registered office is to be situated (do not indicate the full address)
Ontario

3 - The disease and any maximum number of shares that the corporation is authorized to issue
See attached Schedule 1 which is incorporated in this form.

Dénomination sociale de la société issue de la fusion

La province ou le territoire au Canada où sera situé le siège social (n'indiquez pas l'adresse complète)

Catégories et tout nombre maximal d'actions que la société est autorisée à émettre

4 - Restrictions, if any, on share transfers
N/A

Restrictions sur le transfert des actions, s'il y a lieu

5 - Minimum and maximum number of directors (for a fixed number of directors, please indicate the same number in both boxes)
Minimum: ☐ 3
Maximum: ☐ 10

Nombre minimal et maximal d'administrateurs (pour un nombre fixe, veuillez indiquer le même nombre dans les deux cases)
Minimal: ☐
Maximal: ☐

6 - Restrictions, if any, on business the corporation may carry on
N/A

Limites imposées à l'activité commerciale de la société, s'il y a lieu

7 - Other provisions, if any
See attached Schedule 2 which is incorporated in this form.

Autres dispositions, s'il y a lieu

8 - The amalgamation has been approved pursuant to that section or subsection of the Act which is indicated as follows:
☑ 183
☐ 184(1)
☐ 184(2)

Le fusion a été approuvée en accord avec l'article ou le paragraphe de la Loi Indiqué ci-après

9 - Déclaration: I hereby certify that I am a director or an officer of the corporation.
Déclaration: J'atteste que je suis un administrateur ou un dirigeant de la société.

| Name of the amalgamating corporations
Dénomination social des sociétés fusionnantes | Corporation No.
N° de la société | Signature |
| --- | --- | --- |
| GOLDEN SHARE MINING CORPORATION | 4,4,3,9,3,5,-0 | |
| SILVORE FOX MINERALS CORP. | 855071-9 | |
| | | |
| | | |
| | | |
| | | |

Note:
Misrepresentation constitutes an offence and, on summary conviction, a person is liable to a fine not exceeding $5,000 or to imprisonment for a term not exceeding six months or both (subsection 250(1) of the CBCA).

Note:
Faire une fausse déclaration constitue une infraction et son auteur, sur déclaration de culpabilité par procédure sommaire, est passible d'une amende maximale de 6 000 $ ou d'un emprisonnement maximal de six mois, ou de ces deux peines (paragraphe 250(1) de la LCSA).

8550735
E-MAIL
2013-07-25
15:39
Canada

4108582.1

SCHEDULE 1

Share Capital

The corporation’s authorized capital consists of an unlimited number of common shares and preferred shares, which have attached the following rights, privileges, restrictions and conditions.

1 COMMON SHARES

Each common share has attached the following rights, privileges, restrictions and conditions:

1.1 Dividends

Each common share entitles its holder to receive all dividends, from any remaining profits or surplus available for dividends, when declared by the directors at their discretion.

1.2 Return of Capital

If the corporation is dissolved, liquidated or wound-up, voluntarily or involuntarily, each holder of common shares is entitled to receive all of the corporation’s remaining property.

1.3 Voting Rights

Each common share grants its holder one vote at, and the right to attend, any meeting of shareholders.

2 PREFERRED SHARES

Each preferred share has attached the following rights, privileges, restrictions and conditions:

2.1 Issuance in series

The corporation’s directors may, before issuance of one or more series, fix the number of shares of each series, determine their designation and determine the rights, privileges, restrictions and conditions attaching to the preferred shares of each series.

No share of any series shall be issued before the deliverance by the Director, Corporations Directorate, appointed under the Canada Business Corporations Act, of a certificate of amendment in respect of the articles of amendment providing for the creation of that series of preferred shares.

-2-

2.2 Modification to Rights

4108582.1

SCHEDULE 2

Other Provisions

The corporation’s directors may appoint one or more additional directors, who shall hold office for a term expiring not later than the close of the next annual meeting of shareholders. The total number of directors so appointed may not exceed one third of the number of directors elected at the previous annual meeting of shareholders.

4108572.1

SCHEDULE 2

Other Provisions

Innovation, Science and Economic Development Canada
Corporations Canada
Innovation, Sciences et Développement économique Canada
Corporations Canada

Corporations Canada
C. D. Howe Building
235 Queen St
Ottawa ON K1A 0H5
Corporations Canada
Édifice C.D.Howe
235 rue Queen
Ottawa ON K1A 0H5

Canada Business Corporations Act

Loi canadienne sur les sociétés par actions

I HEREBY CERTIFY THAT THE ATTACHED IS A TRUE COPY OF THE DOCUMENT MAINTAINED IN THE RECORDS OF THE DIRECTOR.

JE CERTIFIE, PAR LES PRESENTES, QUE LE DOCUMENT CI-JOINT EST UNE COPIE EXACTE D'UN DOCUMENT CONTENU DANS LES LIVRES TENUS PAR LE DIRECTEUR.

Hantz Prosper
Director General / Directeur général

Date: 2025-06-26

Canada
Telephone / Téléphone
1-866-333-5556
Email / Courriel
[email protected]
Website / Site Web
https://corporationscanada.ic.gc.ca

Industry Canada
Industrie Canada

Certificate of Amendment

Canada Business Corporations Act

Certificat de modification

Loi canadienne sur les sociétés par actions

GOLDEN SHARE MINING CORPORATION
CORPORATION MINIÈRE GOLDEN SHARE

Corporate name / Dénomination sociale
855073-5

Corporation number / Numéro de société

I HEREBY CERTIFY that the articles of the above-named corporation are amended under section 178 of the Canada Business Corporations Act as set out in the attached articles of amendment.

JE CERTIFIE que les statuts de la société susmentionnée sont modifiés aux termes de l'article 178 de la Loi canadienne sur les sociétés par actions, tel qu'il est indiqué dans les clauses modificatrices ci-jointes.

Virginie Ethier
Director / Directeur
2015-08-06
Date of Amendment (YYYY-MM-DD)
Date de modification (AAAA-MM-JJ)

Canada

Industry Canada Industrie Canada

Form 4 Articles of Amendment Canada Business Corporations Act (CBCA) (s. 27 or 177)

Formulaire 4 Clauses modificatrices Loi canadienne sur les sociétés par actions (LCSA) (art. 27 ou 177)

1 Corporate name
Dénomination sociale
GOLDEN SHARE MINING CORPORATION
CORPORATION MINIÈRE GOLDEN SHARE

2 Corporation number
Numéro de la société
855073-5

3 The articles are amended as follows
Les statuts sont modifiés de la façon suivante

See attached schedule / Voir l'annexe ci-jointe

4 Declaration: I certify that I am a director or an officer of the corporation.
Déclaration : J’atteste que je suis un administrateur ou un dirigeant de la société.

Original signed by / Original signé par
HELEN GAO
HELEN GAO
905-968-1199

Misrepresentation constitutes an offence and, on summary conviction, a person is liable to a fine not exceeding $5000 or to imprisonment for a term not exceeding six months or both (subsection 250 (1) of the CBCA).

Faire une fausse déclaration constitue une infraction et son auteur, sur déclaration de culpabilité par procédure sommaire, est passible d’une amende maximale de 5 000 $ et d’un emprisonnement maximal de six mois, ou l’une de ces peines (paragraphe 250(1) de la LCSA).

You are providing information required by the CBCA. Note that both the CBCA and the Privacy Act allow this information to be disclosed to the public. It will be stored in personal information bank number IC/PPU-049.

Vous fournissez des renseignements exigés par la LCSA. Il est à noter que la LCSA et la Loi sur les renseignements personnels permettent que de tels renseignements soient divulgués au public. Ils seront stockés dans la banque de renseignements personnels numéro IC/PPU-049.

Canada

IC 3069 (2008/04)

Schedule / Annexe

Amendment Schedules / Annexes - Modification

The articles of the corporation are amended by the consolidation of the issued and outstanding common shares on the basis of a 3:1 ratio (3 current common shares for 1 new common share), each fraction of a share being rounded down to the lower number.

Innovation, Science and Economic Development Canada
Corporations Canada
Innovation, Sciences et Développement économique Canada
Corporations Canada

Corporations Canada
C. D. Howe Building
235 Queen St
Ottawa ON K1A 0H5
Corporations Canada
Édifice C.D.Howe
235 rue Queen
Ottawa ON K1A 0H5

Canada Business Corporations Act

Loi canadienne sur les sociétés par actions

I HEREBY CERTIFY THAT THE ATTACHED IS A TRUE COPY OF THE DOCUMENT MAINTAINED IN THE RECORDS OF THE DIRECTOR.

JE CERTIFIE, PAR LES PRESENTES, QUE LE DOCUMENT CI-JOINT EST UNE COPIE EXACTE D'UN DOCUMENT CONTENU DANS LES LIVRES TENUS PAR LE DIRECTEUR.

Hantz Prosper
Director General / Directeur général

Date: 2025-06-26

Canada
Telephone / Téléphone
1-866-333-5556
Email / Courriel
[email protected]
Website / Site Web
https://corporationscanada.ic.gc.ca

Innovation, Science and Economic Development Canada
Corporation Canada
Innovation, Sciences et Développement économique Canada
Corporations Canada

Certificate of Amendment

Canada Business Corporations Act

Certificat de modification

Loi canadienne sur les sociétés par actions

Golden Share Resources Corporation
Corporate name / Dénomination sociale
855073-5
Corporation number / Numéro de société

I HEREBY CERTIFY that the articles of the above-named corporation are amended under section 178 of the Canada Business Corporations Act as set out in the attached articles of amendment.

Virginie Ethier
Director / Directeur
2017-06-22
Date of amendment (YYYY-MM-DD)
Date de modification (AAAA-MM-JJ)

Canada

Innovation, Science and Economic Development Canada
Innovations, Sciences et Développement économique Canada
Corporations Canada

Form 4

Articles of Amendment
Canada Business Corporations Act (CBCA) (s. 27 or 177)

Formulaire 4

Clauses modificatrices
Loi canadienne sur les sociétés par actions (LCSA) (art. 27 ou 177)

Corporate name
Dénomination sociale
GOLDEN SHARE MINING CORPORATION
CORPORATION MINIÈRE GOLDEN SHARE
Corporation number
Numéro de la société
855073-5
The articles are amended as follows
Les statuts sont modifiés de la façon suivante

The corporation changes its name to:
La dénomination sociale est modifiée pour :
Golden Share Resources Corporation

Declaration: I certify that I am a director or an officer of the corporation.
Déclaration : J’atteste que je suis un administrateur ou un dirigeant de la société.

Original signed by / Original signé par
Nick Zeng
Nick Zeng
9059681199

Canada
IC 3069 (2008/04)

Innovation, Science and Economic Development Canada
Corporations Canada
Innovation, Sciences et Développement économique Canada
Corporations Canada

Corporations Canada
C. D. Howe Building
235 Queen St
Ottawa ON K1A 0H5
Corporations Canada
Édifice C.D.Howe
235 rue Queen
Ottawa ON K1A 0H5

Canada Business Corporations Act

Loi canadienne sur les sociétés par actions

I HEREBY CERTIFY THAT THE ATTACHED IS A TRUE COPY OF THE DOCUMENT MAINTAINED IN THE RECORDS OF THE DIRECTOR.

JE CERTIFIE, PAR LES PRESENTES, QUE LE DOCUMENT CI-JOINT EST UNE COPIE EXACTE D'UN DOCUMENT CONTENU DANS LES LIVRES TENUS PAR LE DIRECTEUR.

Hantz Prosper
Director General / Directeur général

Date: 2025-06-26

Canada
Telephone / Téléphone
1-866-333-5556
Email / Courriel
[email protected]
Website / Site Web
https://corporationscanada.ic.gc.ca

Innovation, Science and Economic Development Canada
Corporation Canada
Innovation, Sciences et Développement économique Canada
Corporations Canada

Certificate of Amendment

Canada Business Corporations Act

Certificat de modification

Loi canadienne sur les sociétés par actions

LIPARI MINING LTD.
Corporate name / Dénomination sociale
855073-5
Corporation number / Numéro de société

I HEREBY CERTIFY that the articles of the above-named corporation are amended under section 178 of the Canada Business Corporations Act as set out in the attached articles of amendment.

Hantz Prosper
Director / Directeur
2025-02-03
Date of amendment (YYYY-MM-DD)
Date de modification (AAAA-MM-JJ)

Canada

Innovation, Science and Economic Development Canada
Innovations, Sciences et Développement économique Canada
Corporations Canada

Form 4

Articles of Amendment
Canada Business Corporations Act (CBCA) (s. 27 or 177)

Formulaire 4

Clauses modificatrices
Loi canadienne sur les sociétés par actions (LCSA) (art. 27 ou 177)

Corporate name
Dénomination sociale
Golden Share Resources Corporation
Corporation number
Numéro de la société
855073-5
The articles are amended as follows
Les statuts sont modifiés de la façon suivante

The corporation changes its name to:
La dénomination sociale est modifiée pour :
LIPARI MINING LTD.

The corporation makes other changes as follows:
La société apporte d'autres changements aux statuts comme suit :
See attached schedule / Voir l'annexe ci-jointe

Declaration: I certify that I am a director or an officer of the corporation.
Déclaration : J'atteste que je suis un administrateur ou un dirigeant de la société.

Original signed by / Original signé par
Wes Roberts
Wes Roberts
416-864-9700

Faire une fausse déclaration constitue une infraction et son auteur, sur déclaration de culpabilité par procédure sommaire, est passible d'une amende maximale de 5 000 $ et d'un emprisonnement maximal de six mois, ou l'une de ces peines (paragraphs 250(1) de la LCSA).

Canada
IC 3069 (2008/04)

Schedule / Annexe

Amendment Schedules / Annexes - Modification

The articles of the corporation are amended by the consolidation of the issued and outstanding common shares on the basis of a 10:1 ratio (10 current common shares for 1 new common share), each fraction of a share being rounded down to the lower number.

Innovation, Science and Economic Development Canada
Corporations Canada
Innovation, Sciences et Développement économique Canada
Corporations Canada

Corporations Canada
C. D. Howe Building
235 Queen St
Ottawa ON K1A 0H5
Corporations Canada
Édifice C.D.Howe
235 rue Queen
Ottawa ON K1A 0H5

Canada Business Corporations Act

Loi canadienne sur les sociétés par actions

I HEREBY CERTIFY THAT THE ATTACHED IS A TRUE COPY OF THE DOCUMENT MAINTAINED IN THE RECORDS OF THE DIRECTOR.

JE CERTIFIE, PAR LES PRESENTES, QUE LE DOCUMENT CI-JOINT EST UNE COPIE EXACTE D'UN DOCUMENT CONTENU DANS LES LIVRES TENUS PAR LE DIRECTEUR.

Hantz Prosper
Director General / Directeur général

Date: 2025-06-26

Canada
Telephone / Téléphone
1-866-333-5556
Email / Courriel
[email protected]
Website / Site Web
https://corporationscanada.ic.gc.ca

Innovation, Science and Economic Development Canada
Corporation Canada
Innovation, Sciences et Développement économique Canada
Corporations Canada

Certificate of Arrangement

Canada Business Corporations Act

Certified d'arrangement

Loi canadienne sur les sociétés par actions

Golden Share Resources Corporation
855073-5

Corporate name(s) of CBCA applicants / Dénomination(s) sociale(s) de la ou des sociétés LCSA requérantes

Corporation number(s) / Numéro(s) de la ou des sociétés

I HEREBY CERTIFY that the arrangement set out in the attached articles of arrangement has been effected under section 192 of the Canada Business Corporations Act.

JE CERTIFIE que l'arrangement mentionné dans les clauses d'arrangement annexées a pris effet en vertu de l'article 192 de la Loi canadienne sur les sociétés par actions.

Raymond Edwards
Director / Directeur
2019-01-11
Date of Arrangement (YYYY-MM-DD)
Date de l'arrangement (AAAA-MM-JJ)

Canada

Innovation, Science and Economic Development Canada
Corporation Canada
Innovation, Sciences et Développement économique Canada
Corporations Canada

Canada Business Corporations Act (CBCA)

FORM 14.1

ARTICLES OF ARRANGEMENT

(Section 192)

1 - Name of the applicant corporation(s)	Corporation number
Golden Share Resources Corporation	855073-5

2 - Name of the corporation(s) the articles of which are amended, if applicable	Corporation number
Golden Share Resources Corporation	855073-5

3 - Name of the corporation(s) created by amalgamation, if applicable	Corporation number

4 - Name of the dissolved corporation(s), if applicable	Corporation number


5 - Name of the other bodies corporate involved, if applicable	Corporation number or jurisdiction
HARMONY ENERGY TECHNOLOGIES CORPORATION	DELAWARE

6 - In accordance with the order approving the arrangement, the plan of arrangement attached hereto, involving the above named body(ies) corporate, is hereby effected.
In accordance with the plan of arrangement,
☑ a. the articles of the corporation(s) indicated in item 2, are amended.
If the amendment includes a name change, indicate the change below:

☐ b. the following bodies corporate and/or corporations are amalgamated (for CBCA corporations include the corporation number):

☐ c. the corporation(s) indicated in item 4 is(are) liquidated and dissolved:
7 - I hereby certify that I am a director or an authorized officer of one of the applicant corporations.

Signature: handwritten signature
Print name: Fleming Huang | |
| Note: Misrepresentation constitutes an offence and, on summary conviction, a person is liable to a fine not exceeding $5,000 or to imprisonment for a term not exceeding six months or to both (subsection 250(1) of the CBCA). | |

ISED-ISDE 3189E (2016/11) Page 1 of 2
JAN 1 1 2019
Canada

PLAN OF ARRANGEMENT

PLAN OF ARRANGEMENT UNDER SECTION 192

OF THE

CANADA BUSINESS CORPORATIONS ACT

ARTICLE 1

INTERPRETATION

1.1 In this Plan of Arrangement (this “Plan of Arrangement”), the following terms have the following meanings:

(a) “Arrangement”, “herein”, “hereof”, “hereto”, “hereunder” and similar expressions mean and refer to the arrangement under Section 192 of the CBCA on the terms and subject to the conditions set out in this Plan of Arrangement, subject to any amendments or variations made in accordance with (i) Section 6.2 of the Arrangement Agreement, (ii) Article 6 of this Plan of Arrangement, or (iii) at the discretion of the Court in either the Interim Order or the Final Order with the prior written consent of Golden Share and Spinco, each acting reasonably;

(b) “Arrangement Agreement” means the arrangement agreement dated October 15, 2018 between Golden Share and Spinco with respect to the Arrangement, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof;

(c) “Arrangement Resolution” means the special resolution in respect of the Arrangement in substantially the form attached as Appendix A to the Information Circular to be voted upon by Golden Share Shareholders at the Meeting;

(d) “Articles of Arrangement” means the articles of arrangement in respect of the Arrangement required under the CBCA to be filed with the Director after the Final Order has been granted, to give effect to the Arrangement;

(e) “Business Day” means any day, excepting Saturdays, Sundays and statutory holidays observed in Toronto, Ontario;

(f) “CBCA” means the Canada Business Corporations Act, as now enacted and as amended and the regulations thereto;

(g) “Certificate” means the certificate or other proof of filing to be issued by the Director pursuant to the CBCA giving effect to the Arrangement;

(h) “Commercialization Agreement” means agreement 70973 dated January 25, 2018 between Battelle Memorial Institute Pacific Northwest Division and Golden Share;

(i) “Court” means the Ontario Superior Court of Justice;

(j) “Director” means the Director appointed pursuant to Section 260 of the CBCA;

(k) “Dissent Rights” means rights of dissent in respect of the Arrangement as described in Article 5 hereof, as modified by the Interim Order and the Final Order;

(l) “Dissenting Shareholder” means a registered holder of Golden Share Shares who has duly and validly exercised its the Dissent Rights in respect of its Golden Share Shares and has not withdrawn or been deemed to have withdrawn such exercise of its Dissent Rights;

(m) “Effective Date” means the date agreed to by Golden Share and Spinco in writing as the effective date of the Arrangement after all of the conditions precedent to the completion of the Arrangement as set out in the Arrangement Agreement have been satisfied or waived and the Final Order has been granted by the Court;

(n) “Effective Time” means 12:01 a.m. (Toronto time) on the Effective Date, or such other time agreed to by Golden Share and Spinco;

(o) “Final Order” means the final order of the Court approving the Arrangement pursuant to the CBCA (in form acceptable to Golden Share and Spinco, each acting reasonably), as such order may be affirmed, amended or modified by any court of competent jurisdiction (with the consent of Golden Share and Spinco, each acting reasonably) at any time prior to the Effective Date or, if appealed, then unless such appeal is withdrawn or denied, as affirmed or as amended (provided that any such amendment is acceptable to Golden Share and Spinco, each acting reasonably) on appeal;

(p) “Financing” means the equity financing of Spinco for minimum gross proceeds of US$100,000;

(q) “Golden Share” means Golden Share Resources Corporation, a body corporate incorporated under the federal laws of Canada;

(r) “Golden Share Shareholder” means a holder of Golden Share Shares;

(s) “Golden Share Shares” means common shares in the capital of Golden Share;

(t) “Information Circular” means the notice of Meeting and accompanying management information circular and proxy statement of Golden Share to be mailed to the Golden Share Shareholders in connection with the holding of the Meeting, as amended, supplemented or otherwise modified from time to time in accordance with the Arrangement Agreement;

(u) “Interim Order” means the interim order of the Court concerning the Arrangement pursuant to the CBCA (in form acceptable to Golden Share and Spinco, each acting reasonably), containing declarations and directions with respect to the Arrangement and the holding of the Meeting as such order may be affirmed, amended or modified by any court of competent jurisdiction (with the prior consent of Golden Share and Spinco, each acting reasonably);

(v) “License Agreement” means license agreement number 528131 effective October 6, 2016 between Batelle Memorial Institute and Golden Share, as amended on May 26, 2017 and February 8, 2018;

(w) “Meeting” means the special meeting of the Golden Share Shareholders, including any adjournments or postponements thereof, to be called and held in accordance with the Arrangement Agreement and Interim Order to permit the Golden Share Shareholders to inter alia consider and vote on the Arrangement Resolution;

(x) “person” includes any individual, partnership, association, organization, firm, body corporate, trust, estate, trustee, executor, administrator, legal representative, government (including governmental authority), agency, instrumentality, or other entity, whether or not having legal status;

(y) “Plan of Arrangement” means this plan of arrangement and any amendments or variations hereto made in accordance with the Arrangement Agreement and Article 6 hereof or made at the direction of the Court in either the Interim Order or the Final Order with the prior written consent of Golden Share and Spinco, each acting reasonably;

(z) “Spinco” means Harmony Energy Technologies Corporation, a corporation existing under the laws of the State of Delaware;

(aa) “Spinco Shares” means the common shares in the capital of Spinco;

(bb) “Spinco Shareholders” means the holders of Spinco Shares;

(cc) “Spin-off Assets” means the Commercialization Agreement, License Agreement and the prepayment in the amount of US$100,000 made to PNNL under the Commercialization Agreement;

(dd) “Tax Act” means the Income Tax Act (Canada), together with any and all regulations promulgated thereunder, as amended; and

(ee) “Transfer Agent” means Computershare Trust Company of Canada and/or Computershare Trust Services, N.A., as applicable.

1.2 The division of this Plan of Arrangement into articles and sections and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Plan of Arrangement.

1.3 Unless reference is specifically made to some other document or instrument, all references herein to articles and sections are to articles and sections of this Plan of Arrangement.

1.4 Unless the context otherwise requires, words importing the singular number shall include the plural and vice versa; and words importing any gender shall include all genders.

1.5 In the event that the date on which any action is required to be taken hereunder by any of the parties is not a Business Day in the place where the action is required to be taken, such action shall be required to be taken on the next succeeding day which is a Business Day in such place.

1.6 References in this Plan of Arrangement to any statute or sections thereof shall include such statute as amended or substituted and any regulations promulgated thereunder from time to time in effect.

ARTICLE 2

ARRANGEMENT AGREEMENT

2.1 This Plan of Arrangement is made pursuant and subject to the provisions of, and forms part of, the Arrangement Agreement.

ARTICLE 3

ARRANGEMENT

3.1 Upon the filing of the Articles of Arrangement and the issue of the Certificate, this Plan of Arrangement will become effective at the Effective Time and will be binding on and after the Effective Time on: (i) all legal and beneficial Golden Share Shareholders, (ii) Golden Share, and (iii) Spinco.

3.2 The Arrangement involves the following steps that will occur and will be deemed to occur sequentially, in five minute increments, unless otherwise noted, starting at the Effective Time without any further act or formality:

(a) the Golden Share Shares held by Dissenting Shareholders who have properly exercised Dissent Rights that remain valid immediately prior to the Effective Time shall, as of the Effective Time, be deemed to have been transferred to Golden Share free and clear of all liens, claims and encumbrances, and cancelled and cease to be outstanding, and, as of the Effective Time, such Dissenting Shareholders shall cease to have any rights as Golden Share Shareholders, other than the right to be paid the fair value of their Golden Share Shares;

(b) Golden Share shall transfer, assign and convey to Spinco and Spinco shall accept and assume all of the rights, title and interest of Golden Share in and to the Spin-off Assets in consideration for the issuance by Spinco of 3,850,134 fully paid and non-assessable Spinco Shares (the "Arrangement Spinco Shares") or such number as is equal to the 10% of the number of Golden Share Shares issued and outstanding immediately prior to the Effective Time (excluding any Golden Share Shares held by Dissenting Shareholders);

(i) renaming and re-designating all of the issued and unissued Golden Share Shares as "Class A common shares without par value" and amending the special rights and restrictions attached to those shares to provide the holders thereof with two votes in respect of each share held, being the "Golden Share Class A Shares";

(ii) creating a new class consisting of an unlimited number of "common shares without par value" with terms and special rights and restrictions identical to those of the Golden Share Shares immediately prior to the Effective Time, being the "New Golden Share Shares"; and

(iii) the Articles of Golden Share shall be amended to reflect the alterations in Section 3.2(c)(i) and (ii);

(d) in the course of a reorganization of Golden Share's capital within the meaning of section 86 of the Tax Act, the Golden Share Class A Shares (excluding any Golden Share Class A Shares held by Dissenting Shareholders) will be deemed to be exchanged by the Golden Share Shareholders (free and clear of all liens, claims and encumbrances) as follows:

(i) for each Golden Share Class A Share, one New Golden Share Share; and

(ii) for each 10 Golden Share Class A Shares, one Spinco Share (if the foregoing calculation would otherwise result in a Golden Share Shareholder receiving a

fraction of a Spinco Share, the number of Spinco Shares received by such Golden Share Shareholder shall be rounded down to the nearest whole Spinco Share);

(e) simultaneously:

(i) the aggregate amount added to the stated capital of the New Golden Share Shares will be equal to (a) aggregate paid-up capital (as that term is used for purposes of the Tax Act) of the Golden Share Class A Shares (excluding Golden Share Shares held by Dissenting Shareholders) immediately prior to the exchange effected pursuant to Section 3.2(d), less (b) the fair market value of the Spinco Shares distributed pursuant to Section 3.2(d) at the time of distribution;

(ii) the Golden Share Class A Shares, none of which will be issued or outstanding once the exchange in Section 3.2(d) is completed, will be cancelled with the appropriate entries being made in the central securities register of Golden Share and the authorized share structure of Golden Share will be amended by eliminating the Golden Share Class A Shares; and

(iii) the Articles of Golden Share shall be amended to reflect the alterations in Section 3.2(e)(i) and (ii);

(f) the Financing shall close and a number of Spinco Shares (the “Financing Spinco Shares”) shall be issued to the subscribers therefor as set forth in the Financing subscriptions; and

(g) any Spinco Shares still held by Golden Share following the completion of the foregoing steps would be redeemed for a price of US$1.00 each and cancelled.

3.3 Each of Golden Share, Spinco and the Transfer Agent shall be entitled to deduct and withhold from any cash payment or any issue, transfer or distribution of New Golden Share Shares or Spinco Shares, made pursuant to this Plan of Arrangement such amounts as may be required to be deducted and withheld pursuant to the Tax Act or any other applicable law, and any amount so deducted and withheld will be deemed for all purposes of this Plan of Arrangement to be paid, issued, transferred or distributed to the person entitled thereto under the Plan of Arrangement. Without limiting the generality of the foregoing, any New Golden Share Shares or Spinco Shares so deducted and withheld may be sold on behalf of the person entitled to receive them for the purpose of generating cash proceeds, net of brokerage fees and other reasonable expenses, sufficient to satisfy all remittance obligations relating to the required deduction and withholding, and any cash remaining after such remittance shall be paid to the person forthwith

ARTICLE 4 OUTSTANDING CERTIFICATES AND FRACTIONAL SECURITIES

4.1 From and after the Effective Time, certificates formerly representing Golden Share Shares under the Arrangement shall represent only the right to receive the consideration to which the Golden Share Shareholders are entitled under the Arrangement, or as to those held by Dissenting Shareholders, other than those Dissenting Shareholders deemed to have participated in the Arrangement pursuant to Section 5.1, to receive the fair value of the Golden Share Shares represented by such certificates.

4.2 On the Effective Date, or as soon as practicable thereafter, Spinco shall execute and deliver to the Transfer Agent a treasury order or such other direction as may be requested by the Transfer Agent

to effect the issuances and delivery of the Spinco Shares issuable in Section 3.2(d)(ii) above to such Golden Share Shareholders in accordance with the terms of this Plan of Arrangement.

4.3 No fractional Spinco Shares shall be issued pursuant to the Arrangement and any fractional number of Spinco Shares shall be rounded down to the nearest whole number of Spinco Shares without any additional compensation.

4.4 From and after the Effective Date, share certificates representing Golden Share Shares immediately before the Effective Date, except for those deemed to have been cancelled pursuant to Article 5, shall for all purposes be deemed to be share certificates representing New Golden Share Shares, and no new share certificates shall be issued with respect to the New Golden Share Shares issued in connection with the Arrangement.

ARTICLE 5

DISSENTING SHAREHOLDERS

5.1 Registered Golden Share Shareholders are entitled to exercise rights of dissent in connection with the Arrangement with respect to their Golden Share Shares under Section 190 of the CBCA as modified by the Interim Order, the Final Order and this Section 5.1 (the “Dissent Rights”); provided that the duly executed notice of dissent to the resolution approving the Arrangement contemplated by Section 190(5) of the CBCA must be received by Golden Share not later than 5:00 p.m. (Toronto time) on the Business Day immediately preceding the date of the Meeting or by 5:00 p.m. (Toronto time) on the Business Day prior to the date on which any adjournment of the Meeting is held.

5.2 Golden Share Shares held by Golden Share Dissenting Shareholders who are ultimately entitled to be paid fair value for their Golden Share Shares will be and will be deemed to have been sold to Golden Share and such Golden Share Dissenting Shareholders will cease to have any rights as former Golden Share Shareholders other than their right to be paid fair value for their Golden Share Shares by Golden Share.

5.3 Golden Share Shareholders who exercise, or purport to exercise, Golden Share Dissent Rights, and who are ultimately determined not to be entitled, for any reason, to be paid fair value for their Golden Share Shares will be deemed to have participated in the Arrangement on the same basis as any non-dissenting Golden Share Shareholders as at and from the Effective Date and will receive, and be entitled to receive, only the consideration for each Golden Share Share on the basis set forth in Section 3.2.

ARTICLE 6

AMENDMENTS

6.1 Golden Share and Spinco may amend, modify and/or supplement this Plan of Arrangement at any time and from time to time prior to the Effective Date, provided that each such amendment, modification and/or supplement must be: (i) set out in writing; (ii) approved by the parties (iii) filed with the Court and, if made following the Meeting, approved by the Court; and (iv) communicated to Golden Share Shareholders, if and as required by the Court.

6.2 Any amendment, modification or supplement to this Plan of Arrangement may be proposed by Golden Share and Spinco at any time prior to or at the Meeting (provided that the other parties shall have consented in writing prior thereto) with or without any other prior notice or

communication, and if so proposed and accepted, in the manner contemplated and to the extent required by the Arrangement Agreement, by the persons voting at the Meeting (other than as may be required under the Interim Order or other order of the Court), shall become part of this Plan of Arrangement for all purposes.

6.3 Any amendment, modification or supplement to this Plan of Arrangement which is approved or directed by the Court following the Meeting shall be effective only: (i) if it is consented to by Golden Share and Spinco (each acting reasonably); and (ii) if required by the Court, it is consented to by Golden Share Shareholders.

6.4 Any amendment, modification or supplement to this Plan of Arrangement may be made following the Effective Time but shall only be effective if (x) it is consented to by Golden Share and Spinco and (y) it concerns a matter which, in the reasonable opinion of Golden Share, is merely of an administrative nature required to better give effect to the implementation of this Plan of Arrangement and is not adverse to the financial or economic interests of Golden Share, Spinco or any former Golden Share Shareholder.

ARTICLE 7

MISCELLANEOUS

7.1 Notwithstanding that the transactions and events set out herein shall occur and shall be deemed to occur in the order set out in the Plan of Arrangement without any further act or formality, each of Golden Share and Spinco shall make, do and execute, or cause to be made, done or executed, all such further acts, deeds, agreements, transfers, assurances, instruments or documents as may reasonably be required in order further to document or evidence any of the transactions or events set out herein.

Court File No. CV-18-606947-00CL

ONTARIO

SUPERIOR COURT OF JUSTICE

COMMERCIAL LIST

THE HONOURABLE MR. ) FRIDAY, THE 14th
JUSTICE H.J. WILTON-SIGAR ) DAY OF DECEMBER, 2018

IN THE MATTER OF an application under section 192 of the Canada Business Corporations Act, R.S.C. 1985 c. C-44, as amended;

AND IN THE MATTER OF Rule 14.05(2) of the Rules of Civil Procedure

AND IN THE MATTER OF a proposed arrangement of GOLDEN SHARE RESOURCES CORPORATION and HARMONY TECHNOLOGIES CORPORATION

ORDER

THIS APPLICATION made by the Applicant, Golden Share Resources Corporation (“Golden Share”) pursuant to section 192 of the Canada Business Corporations Act, R.S.C. 1985, c. C-44, as amended, (the “CBCA”) was heard this day at 330 University Avenue, Toronto, Ontario.

ON READING the Notice of Application issued on October 15, 2018, the affidavit of Fleming Huang sworn October 15, 2018, the supplementary affidavit of Fleming Huang sworn October 18, 2018 and the affidavit of Nick Zeng sworn December 12, 2018, together with the exhibits thereto, and the Interim Order of the Honourable Justice Chiappetta dated October 22, 2018 and

ON HEARING the submissions of counsel for Golden Share, and on being advised that the Director appointed under the CBCA does not consider it necessary to

Page 2

appear on this application, no-one appearing for any other person, including any shareholder of Golden Share, and having determined that the Arrangement, as described in the Plan of Arrangement attached as Schedule “A” to this order is an arrangement for the purposes of section 192 of the CBCA and is fair and reasonable in accordance with the requirements of that section,

THIS COURT ORDERS that the Arrangement, as described in the Plan of Arrangement attached as Schedule "A" to this order, shall be and is hereby approved.
THIS COURT ORDERS that the Applicant shall be entitled to seek leave to vary this order upon such terms upon giving such notice as this court may direct, to seek the advice and directions of this court as to the implementation of this order, and to apply for such further order or orders as may be appropriate.

ENTERED AT / INSCRIT A TORONTO
ON / BOOK NO:
LE / DANS LE REGISTRE NO:
DEC 14 2018

PER / PAR: UM

Page 3

SCHEDULE A

PLAN OF ARRANGEMENT
UNDER SECTION 192 OF THE
CANADA BUSINESS CORPORATIONS ACT