Loop Energy Inc. — Regulatory Filings 2021

Feb 18, 2021

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February 18, 2021 File No.: 298180.00013

British Columbia Securities Commission Alberta Securities Commission Financial and Consumer Affairs Authority of Saskatchewan The Manitoba Securities Commission Ontario Securities Commission Autorité des marchés financiers New Brunswick Financial and Consumer Services Commission Nova Scotia Securities Commission Office of the Superintendent of Securities, Prince Edward Island Office of the Superintendent of Securities, Service Newfoundland and Labrador

Dear Sirs/Mesdames:

Re: Loop Energy Inc. (the “Issuer”) Final Long Form Prospectus

We refer to the final long form prospectus dated February 18, 2021 of the Issuer in relation to the offering of Common shares (the “ Prospectus ”).

We hereby consent to the reference to our firm name in the introduction section of the Prospectus and under the heading “Experts” and to the reference to our firm name and to the use of our opinion under the headings “Eligibility for Investment” and “Certain Canadian Federal Income Tax Considerations” in the Prospectus.

We confirm that we have read the Prospectus and have no reason to believe that there are any misrepresentations in the information contained in the Prospectus that is derived from our opinions referred to above or that is within our knowledge as a result of the services we performed in connection with such opinions.

This letter is delivered to the addressees pursuant to the requirements of Section 9.2(a)(viii) of National Instrument 41-101.

Yours truly,

FASKEN MARTINEAU DuMOULIN LLP

(signed) “ Fasken Martineau DuMoulin LLP ”

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