Pegasus Resources — Regulatory Filings 2021

Sep 29, 2021

170123‐MJ

FORM 13‐501F1

CLASS 1 AND CLASS 3B REPORTING ISSUERS ‐ PARTICIPATION FEE

MANAGEMENT CERTIFICATION

Charles Desjardins

(s) Name: Title: I, __________, an officer of the reporting iss Securities Commission and certify that to my knowledge, having exercised reaso "Charles Desjardins" (signed) Charles Desjardins Chief Financial Officer	Date: uer noted below have examined this Form 13‐501F1 (theForm) being submitted hereunder to the Alberta nable diligence, the information provided in the Form is complete and accurate. September 28, 2021
Reporting Issuer Name: End date of previous financial year: Type of Reporting Issuer: Class 1 Reporting Issuer Class 3B Reporting Issuer Highest Trading Marketplace: Market value of listed or quoted equity securities: Equity Symbol to $ (i) (ii) Market value of class or series (i) x (ii) $ (A) to $ (iii) (iv) Market value of class or series (iii) x (iv) $ (B) to $ (v) (vi) Market value of class or series (v) x (vi) $ (C) 1st Specified Trading Period 2nd Specified Trading Period 3rd Specified Trading Period Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace (DD/MM/YY) (DD/MM/YY) (DD/MM/YY) Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period (DD/MM/YY) (DD/MM/YY) (DD/MM/YY) Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period Pegasus Resources Inc. May 31, 2021 ? TSXV Exchange PEGA 01/06/20 31/08/20 0.045 68,333,822 3,075,022 01/09/20 30/11/20 0.035 69,683,822 2,438,934 01/12/20 28/02/21 0.075 70,058,822 5,254,412
Equity Symbol Market value of class or serie Market value of class or serie Market value of class or serie 1st Specified Trading Period 2nd Specified Trading Period 3rd Specified Trading Period Closing price of the security i security was listed or quoted Closing price of the security i security was listed or quoted Number of securities in the cl specified trading period Closing price of the security i security was listed or quoted Number of securities in the cl specified trading period Number of securities in the cl specified trading period

31/05/21

01/03/20

4th Specified Trading Period

4th Specified Trading Period to (DD/MM/YY) (DD/MM/YY) Closing price of the security in the class or series on the last trading day of the specified trading period in which such 0.05 security was listed or quoted on the highest trading marketplace $ (vii) Number of securities in the class or series of such security outstanding at the end of the last trading day of the 71,608,822 specified trading period (viii) 3,580,441 Market value of class or series (vii) x (viii) $ (D) 5th Specified Trading Period to (DD/MM/YY) (DD/MM/YY) Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace $ (ix) Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period (x) Market value of class or series (ix) x (x) $ (E) Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period 3,587,202 (i.e. A through E above)) $ (1)

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

0 Fair value of outstanding debt securities $ (2) (Provide details of how value was determined) 3,587,202 Capitalization for the previous financial year (1) + (2) $ 400 Participation Fee $ 0 Late Fee , if applicable $ Total Fee Payable 400 (Participation Fee plus Late Fee) $

RULES AND POLICIES

APPENDIX A

to ASC Rule 13-501 Fees

Participation Fees for Class 1 Reporting Issuers or Class 2 Reporting Issuers (Paragraph 15(1)(a))

Capitalization for the Previous Fiscal Year	Participation Fee (effective December 1,2016)
under $10 million	$400
$10 million to under $25 million	$500
$25 million to under $50 million	$1,200
$50 million to under $100 million	$3,000
$100 million to under $250 million	$6,500
$250 million to under $500 million	$14,000
$500 million to under $1 billion	$19,000
$1 billion to under $5 billion	$28,000
$5 billion to under $10 billion	$36,500
$10 billion to under $25 billion	$42,500
$25 billion and over	$48,000

APPENDIX B

to ASC Rule 13-501 Fees Participation Fees for Class 3B Reporting Issuers (Paragraph 15(1)(c))

Capitalization for the Previous Fiscal Year	Participation Fee (effective December 1,2016)
under $10 million	$400
$10 million to under $25 million	$500
$25 million to under $50 million	$600
$50 million to under $100 million	$1,000
$100 million to under $250 million	$2,000
$250 million to under $500 million	$4,500
$500 million to under $1 billion	$6,000
$1 billion to under $5 billion	$9,000
$5 billion to under $10 billion	$11,500
$10 billion to under $25 billion	$13,500
$25 billion and over	$15,500