Silver Bear Resources Plc — Regulatory Filings 2021

Apr 2, 2021

FORM 13-502F1 CLASS 1 AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

I, _______________________ Judith Webster , an officer of the reporting issuer noted below have examined this Form 13-502F1 (the Form ) being submitted hereunder to the Ontario Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate.

(s)________________________________ "Judith Webster" __________________________ March 23, 2021 Name: Judith Webster Date: Title: Corporate Secretary

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----- Start of picture text ----- Reporting Issuer Name: Silver Bear Resources PlcEnd date of previous financial year: December 31, 2020Type of Reporting Issuer:  Class 1 reporting issuer  Class 3B reporting issuerHighest Trading Marketplace: TSX(refer to the definition of “highest trading marketplace” under OSC Rule 13-502 Fees )Market value of listed or quoted equity securities:(in Canadian Dollars - refer to section 7.1 of OSC Rule 13-502 Fees )Equity Symbol_________________________ SBR1 [st] Specified Trading Period (dd/mm/yy)(refer to the definition of “specified trading period” under OSCRule 13-502 Fees ) _________________ 01/01/2020 to _________________ 31/03/2020Closing price of the security in the class or serieson the last trading day of the specified tradingperiod in which such security was listed or quotedon the highest trading marketplace $________________________ 0.10 (i)Number of securities in the class or series of suchsecurity outstanding at the end of the last tradingday of the specified trading period _________________________ 672,346,570 (ii)Market value of class or series (i) x (ii) $_________________________ 67,234,656.00 (A)2 [nd] Specified Trading Period (dd/mm/yy)(refer to the definition of “specified trading period” under OSC _________________ 01/04/2020 to _________________ 30/06/2020----- End of picture text -----

(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees )

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		$______________________(iii)0.135
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		________________________(iv)672,746,284
Market value of class or series	(iii) x (iv)	$________________________(B)90,820,748.00
3rd Specified Trading Period(dd/mm/yy)
(refer to the definition of “specified trading period” under OSC	_________________ to 01/07/2020		_________________31/09/2020
Rule 13-502_Fees_)
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		$ _______________________(v)0.14
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		________________________(vi)673,075,084
Market value of class or series	(v) x (vi)	$________________________(C)94,230,512.00
4th Specified Trading Period(dd/mm/yy)
(refer to the definition of “specified trading period” under OSC	_________________ to 01/10/2020		_________________31/12/2020
Rule 13-502_Fees_)
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		________________________(vii)0.15
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		________________________(viii)673,690,432
Market value of class or series	(vii) x (viii)	$________________________(D)101,053,563.00
5th Specified Trading Period(dd/mm/yy)
(if applicable - refer to the definition of “specified trading	_________________ to		_________________
period” under OSC Rule 13-502_Fees_)
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		________________________(x)

security outstanding at the end of the last trading day of the specified trading period 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 (i.e. A through E above)) $_________________________ (1) 88,334,870.00

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary pursuant to paragraph 2.8(1)(c) of OSC Rule 13-502 Fees , if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:

(See paragraph 2.8(1)(b) , and if applicable, paragraph 2.8(1)(c) of OSC Rule 13-502 Fees ) $_________________________ (2)

(Provide details of how value was determined)

Capitalization for the previous financial year (1) + (2) $_________________________ 88,334,870.00 Participation Fee $_________________________ 6,390.00 (For Class 1 reporting issuers, from Appendix A of OSC Rule 13-502 Fees , select the participation fee) (For Class 3B reporting issuers, from Appendix A.1 of OSC Rule 13-502 Fees , select the participation fee) Late Fee , if applicable (As determined under section 2.7 of OSC Rule 13502 Fees ) $ _________________________ 0 Total Fee Payable (Participation Fee plus Late Fee) $ _________________________ 6,390.00