Silver Bear Resources Plc — Audit Report / Information 2021

Mar 30, 2021

DATE AND SIGNATURE PAGE

The effective date of this report: 25[th] March, 2021.

This report titled “ Mangazeisky Silver Project MRE Update and Strategy Re-Assessment,

Republic of Sakha (Yakutia), Russian Federation ” for Silver Bear Resources Plc., dated 25[th] March, 2021, was prepared and signed by the following author:

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Steven James McRobbie {signed and sealed}

Steven James McRobbie, B.Sc. (Hons), M.Sc., ACSM, MAusIMM

Signing Date: 30[th] March, 2021

CERTIFICATES

CERTIFICATE OF AUTHOR

Steven James McRobbie

As author of this report entitled “Mangazeisky Silver Project MRE Update and Strategy Re-Assessment, Republic of Sakha (Yakutia), Russian Federation”, with an effective date of 25[th] March, 2021 (the “Technical Report”), I, Steven James McRobbie, do hereby certify that:

• i. I am a full-time employee of Wardell Armstrong Russia and employed as Regional Director, based at Office 5050, 21/5 Kuznetsky Most, Moscow, 107996, Russia;

• ii. I graduated with a Bachelor of Science (Hons) Degree in Geology from the University of St Andrews, Scotland, in 1992 and thereafter graduated with a Master of Science Degree in Mining Geology from Camborne School of Mines, Camborne, Cornwall, UK, in 1994;

• iii. I have worked as a geologist continuously for a total of 28 years since graduation;

• iv. I am a registered member in good standing of the Australasian Institute of Mining and Metallurgy (Membership number 224976);

• v. I have read the definition of “qualified person” set out in NI 43-101 (“the Instrument”) and certify that by reason of my education, affiliation with a professional association and past relevant work experience, I fulfil the requirements of a “qualified person” for the purposes of the Instrument;

• vi. I have not visited the property due to safety requirements enacted under pandemic conditions as defined by WHO due to Covid-19 and severely restricting movement of personnel as a result of Federal, Regional and site operational Health & Safety regulations that have been in effect in Russia since March 20[th] , 2020;

• vii. I am responsible for the preparation of the Technical Report titled “Mangazeisky Silver Project MRE Update and Strategy Re-Assessment, Republic of Sakha (Yakutia), Russian Federation”;

• viii. I am independent of the issuer as defined in section 1.5 of the Instrument;

• ix. I am independent of Silver Bear Resources Plc. as defined by Canadian NI 43-101 regulations and have provided consulting services to the companies;

• x. I have read the Instrument and Form 43-101F1, and the Technical Report has been prepared in compliance with that instrument and form; and

• xi. As of the effective date of this Technical Report, to the best of my knowledge, information and belief, the Technical Report contains all the scientific and technical information that is required to be disclosed to make the Technical Report not misleading.

Dated this 30[th] day of March 2021

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Steven James McRobbie {signed and sealed} Steven James McRobbie, B.Sc. (Hons), M.Sc., ACSM, MAusIMM

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Membership: 224976 since 2006