Silver47 Exploration Corp. — Capital/Financing Update 2026

Jan 2, 2026

MNP

January 2, 2026

British Columbia Securities Commission (as Principal Regulator)
Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan
Manitoba Securities Commission
Ontario Securities Commission
Autorité des marchés financiers
Financial and Consumer Services Commission (New Brunswick)
Nova Scotia Securities Commission
Office of the Superintendent of Securities, Service Newfoundland & Labrador
Office of the Superintendent of Securities, Prince Edward Island
Office of the Superintendent of Securities, Government of Yukon
Office of the Superintendent of Securities, Government of Nunavut
Office of the Superintendent of Securities, Government of the Northwest Territories
TSX Venture Exchange

Dear Sirs/Mesdames:

Re: Silver47 Exploration Corp.

We refer to the prospectus supplement dated January 2, 2026 to the short form base shelf prospectus dated November 26, 2025 (the “Prospectus Supplement”) being filed by Silver47 Exploration Corp (the “Company”) relating to the sale and issue of 28,572,000 Units at $1.05 per Unit up to an aggregate total offering price of $30,000,600. Each Unit consists of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at a price of $1.40 per warrant, expiring in 3 years.

We consent to being named and to the use, through incorporation by reference in the Prospectus Supplement, of our report dated November 28, 2025, to the Shareholders of the Company on the following financial statements:

• Statements of financial position as at July 31, 2025 and July 31, 2024; and
• Statements of loss and comprehensive loss, changes in equity and cash flows and the notes to the financial statements for each of the years in the two-year period ended July 31, 2025.

We report that we have read the Prospectus Supplement and all information specifically incorporated by reference therein and have no reason to believe that there are any misrepresentations in the information contained therein that are derived from the consolidated financial statements upon which we have reported or that are within our knowledge as a result of our audit of such consolidated financial statements. We have complied with Canadian generally accepted standards for an auditor’s consent to the use of a report of the auditor included in an offering document, which does not constitute an audit or review of the Prospectus Supplement as these terms are described in the CPA Canada Handbook – Assurance.

Sincerely,

MNP LLP

Chartered Professional Accountants

encls.

MNP LLP
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