Tocvan Ventures Corp. — Capital/Financing Update 2026

Feb 4, 2026

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Note: [01 Mar 2017] – The following is a consolidation of 13-501F1. It incorporates amendments to this document that came into effect on March 1, 2017. This consolidation is provided for your convenience and should not be relied on as authoritative.

FORM 13-501F1 CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

Form 13-501F1 (the Form ) being submodertify that to my knowledge, having exthe Form is complete and accurate.	itted hereunder to th		ommission and
/S/ PHILIP YEE	MARCH 27, 2020
Name: PHILIP YEE Title: CHIEF FINANCIAL OFFICER	Date:
Reporting Issuer Name:	CANARC RESOUR	RCE CORP.
End date of previous financial year:	DECEMBER 32	1, 2019
Type of Reporting Issuer:	[×] Class 1 repoi	ting [ ] Class 3I issuer	3 reporting
Highest Trading Marketplace:	TORONTO STOCK EXCHANGE
Market value of listed or quoted equi	ty securities:
Equity Symbol
1st Specified Trading Period (dd/mm/	уу)	to	31/03/19
Closing price of the security in the class last trading day of the specified trading such security was listed or quoted on the marketplace	period in which	\$	0.06

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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			218,355,144
(i) x (ii) Market value of class or series	(A)	)	13,101,309
2nd Specified Trading Period (dd/mm/yy)	01/04/1	9to	30/06/19
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	)	0.06
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	)	218,355,144
(iii) x ( Market value of class or series	(iv) \$_(B)	)	13,101,309
3rd Specified Trading Period (dd/mm/yy)	01/07/1	9to	30/09/19
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)		0.07
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	)	242,085,000
(v) x (v) Market value of class or series	vi) \$_(C)	)	16,945,950

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4th Specified Trading Period (dd/mm/yy)	01/10/19	to	31/12/19
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)		0.06
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)		242,660,000
(vii Market value of class or series	i) x (viii) \$ (D)		14,559,600
5th Specified Trading Period (dd/mm/yy)	N/A	to	N/A
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 (i.e. A through E above))	\$ (1)		14,427,042

(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)

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Fair value of outstanding debt securities:

(Provide details of how value was determined)		\$(2)
Capitalization for the previous financial year	(1) + (2)	\$	14,427,042
Participation Fee		\$	500
Late Fee, if applicable		\$
Total Fee Payable (Participation Fee plus Late Fee)		\$	500