Loop Energy Inc. — Regulatory Filings 2021

Feb 18, 2021

==> picture [79 x 32] intentionally omitted <==

KPMG LLP

Chartered Professional Accountants PO Box 10426 777 Dunsmuir Street Vancouver BC V7Y 1K3 Canada

Telephone (604) 691-3000 Fax (604) 691-3031 Internet www.kpmg.ca

British Columbia Securities Commission

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission Ontario Securities Commission Autorité des marchés financiers Financial and Consumer Services Commission, New Brunswick Office of the Superintendent of Securities, Service Newfoundland & Labrador Nova Scotia Securities Commission

The Office of the Superintendent of Securities, Consumer, Corporate and Insurance Services Division, Prince Edward Island

Dear Sirs/Mesdames:

Loop Energy Inc. (the “Entity”)

We refer to the prospectus dated February 18, 2021 relating to the sale and distribution of common shares of the Entity (the “Prospectus”).

We, KPMG LLP, consent to being named and to the use in the Prospectus of our report dated February 4, 2021 to the board of directors of the Entity 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, changes in shareholders’ equity (deficiency) and cash flows for the years ended December 31, 2019, 2018 and 2017, and

notes to the consolidated financial statements, including a summary of significant accounting policies.

We report that we have read the Prospectus and all information therein and have no reason to believe that there are any misrepresentations in the information contained therein that are derived from the consolidated financial statements upon which we have reported or that are within our knowledge as a result of our audit of such consolidated 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.

Yours very truly

==> picture [104 x 37] intentionally omitted <==

Chartered Professional Accountants

February 18, 2021 Vancouver, Canada

KPMG LLP is a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. KPMG Canada provides services to KPMG LLP.