Matador Technologies — Audit Report / Information 2024

Dec 4, 2024

KR

KINGSTON ROSS PASNAK LLP

Suite 1500, 9888 Jasper Avenue

Edmonton, Alberta T5J 5C6

T. 780.424.3000 | F. 780.429.4817 | W. krpgroup.com

November 29, 2024

TSX Venture Exchange

685 Centre Street SW

Suite 2110

Calgary AB T2G 1S5

Re: Matador Gold Technologies Inc.

We refer to the filing statement of Scaling Capital 1 Corp. involving the acquisition of Matador Gold Technologies Inc.

We consent to being named and to the use in the above-mentioned filing statement, of our report dated March 19, 2024 to the shareholders of the Company on the following financial statements:

• Statements of financial position as at October 31, 2023 and 2022; and
• Statements of operations and comprehensive loss, changes in equity, and cash flows, for the years ended October 31, 2023 and 2022, and a summary of significant accounting policies and other explanatory information.

We also consent to being named and to the use in the above-mentioned filing statement, of our report dated January 17, 2023 to the shareholders of the Company on the following financial statements:

• Statements of financial position as at October 31, 2022; and
• Statements of operations and comprehensive loss, changes in equity, and cash flows, for the year ended October 31, 2022, and a summary of significant accounting policies and other explanatory information.

We also completed an interim review of the financial statements of Matador Gold Technologies Inc. for the nine months ended July 31, 2024.

We report that we have read the filing statement and the information therein and have no reason to believe that there are any misrepresentations in the information contained therein that are derived from the financial statements upon 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

An independent member firm of

DFK

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auditor included in an offering document, which does not constitute an auditor or a review of the filing statement as those terms are described in the CPA Canada Handbook – Assurance.

This letter is provided solely for the purpose of assisting the TSX Venture Exchange in discharging its responsibilities and should not be used for any other purpose.

Yours truly,

Kingston Ross Pasnak LLP
Chartered Professional Accountants

/s/ "Justin Rousseau"

Justin Rousseau, CPA, CA, CFA
Partner

KR
KINGSTON
ROSS
PASNAK LLP