MINAURUM SILVER INC — Capital/Financing Update 2021

Jul 1, 2021

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June 30, 2021

P R I V A T E & C O N F I D E N T I A L

VIA SEDAR

Alberta Securities Commission British Columbia Securities Commission Ontario Securities Commission

Dear Sirs/Mesdames:

RE: MINAURUM GOLD INC. – SEDAR PROJECT #03238913

SHORT FORM PROSPECTUS

We refer you to the final short form prospectus (the “ Prospectus ”) of Minaurum Gold inc. (the “ Corporation ”) dated June 30, 2021 relating to the distribution of units.

We consent to being named in the Prospectus on pages iii and 23 as legal counsel to the underwriter, Red Cloud Securities Inc.

We have read the Prospectus and have no reason to believe that there are any misrepresentations in the information contained in the Prospectus that are within our knowledge as a result of the services performed by us as legal counsel to the underwriter in connection with the distribution of the units.

Yours very truly,

Sgd. “Peterson McVicar LLP”

18 King St. E, Suite 902 Ι Toronto, Ontario, M5C 1C4 ● CONTACT Tel: 416-777-6772 Ι Fax: 647-259-1785