Storm Resources Ltd. — Regulatory Filings 2021

Mar 4, 2021

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

MANAGEMENT CERTIFICATION

I, Emily Wignes _____, 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 exercisedreasonable diligence, the information provided in the Form is complete and accurate.February 16, 2021Name: Emily WignesDate: Title:	Vice President, Finance
Reporting Issuer Name:Storm Resources Ltd.
End date of previous financial year:December 31, 2020
Type of Reporting Issuer:Class 1xreporting issuer	Class 3Breporting issuer
TSXHighest Trading Marketplace:(refer to the definition of "highest trading marketplace" under OSC Rule 13-502 Fees)
Market value of listed or quoted securities:(in Canadian Dollars - refer to section 7.1 of OSC Rule 13-502 Fees)
Equity Symbol	SRX
1st Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSC Rule 13-502 Fees)	01/01/20	to	31/03/20
Closing price of the security in the class or series on the last trading day of thespecified trading period in which such security was listed or quoted on thehighest trading marketplace		$(i)	1.01
Number of securities in the class or series of such security outstanding at theend of the last trading day of the specified trading period		(iii)	121,556,812
Market value of class or series	$(i) \times (ii)$	$(A)	122,772,380
2 nd Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSC Rule 13-502 Fees)	01/04/20	to	30/06/20
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which such securitywas listed or quoted on the highest trading marketplaceNumber of securities in the class or series of such security		$(iii)	1.45
outstanding at the end of the last trading day of the specifiedtrading period		(iv)	121,556,812
Market value of class or series	$(iii)$ $\times$ $(iv)$	$(B)	176,257,377

3rd Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSC Rule 13-502 Fees)	01/07/20 to		30/09/20
Closing price of the security in the class or series on the lasttrading day of the specified trading period in which such securitywas listed or quoted on the highest trading marketplace		$	2.08(v)
Number of securities in the class or series of such security outstanding at theend of the last trading day of the specified trading period			121,556,812(v i )
Market value of class or series	$(v) \times (vi)$		252,838,169(C)
4th Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSC Rule 13-502 Fees)	01/10/20 to		31/12/20
Closing price of the security in the class or series on the last trading day of thespecified trading period in which such security was listed or quoted on thehighest trading marketplace			2.18(vii)
Number of securities in the class or series of such security outstanding at theend of the last trading day of the specified trading period			121,688,812(viii)
Market value of class or series	$(vii) \times (viii)$		265,281,610(D)
5th Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSC Rule 13-502 Fees)		to
Closing price of the security in the class or series on the last trading day of thespecified trading period in which such security was listed or quoted on thehighest trading marketplace		$	(ix)
Number of securities in the class or series of such security outstanding at theend of the last trading day of the specified trading period			(x)
Market value of class or series	$(ix)$ x $(x)$
Average Market Value of Class or Series(Calculate the simple average of the market value of the class or series of security foreach applicable specified trading period (i.e. A through E above))			(E)
		$	204,287,384$\overline{(1)}$
(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 atthe 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)
(Provide details of how value was determined)			(2)
Capitalization for the previous financial year	$(1) + (2)$		204, 287, 384

Participation Fee(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)		13 340
Late Fee, if applicable(As determined under section 2.7 of OSC Rule 13-502 Fees)	- 13
Total Fee Payable(Participation Fee plus Late Fee)		13.340

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Rules and Policies

$OSC$

APPENDIX A

CORPORATE FINANCE PARTICIPATION FEES

Capitalization for the Previous Financial Year	Participation Fee(effective April 6, 2015)
Under $10 million	$890
$10 million to under $25 million	$1,070
$25 million to under $50 million	$2,590
$50 million to under $100 million	$6,390
$100 million to under $250 million	$13,340
$250 million to under $500 million	$29,365
$500 million to under $1 billion	$40,950
$1 billion to under $5 billion	$59,350
$5 billion to under $10 billion	$76,425
$10 billion to under $25 billion	$89,270
$25 billion and over	$100,500