McFarlane Lake Mining Limited — Capital/Financing Update 2022

Nov 30, 2022

MCFARLANE LAKE MINING LIMITED

TO: Ontario Securities Commission, as Notice Regulator under National Instrument 44101 – Short Form Prospectus Distributions (“NI 44-101”)

AND TO: British Columbia Securities Commission Alberta Securities Commission RE: Notice Declaring Intention to be Qualified under NI 44-101

McFarlane Lake Mining Limited (the “ Issuer ”) intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus. This notice does not evidence the Issuer’s intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.

DATED as of November 30, 2022.

MCFARLANE LAKE MINING LIMITED

By: (signed) “Mark Trevisiol” Name: Mark Trevisiol Title: Chief Executive Officer and Director