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Xtract One Technologies Inc. — Capital/Financing Update 2025
Nov 6, 2025
46883_rns_2025-11-05_14c94e16-7077-4d86-b8a6-a2c63ce6c876.pdf
Capital/Financing Update
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COZEN O'CONNOR LLP
November 5, 2025
VIA SEDAR+
Ontario Securities Commission
British Columbia Securities Commission
Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan
Manitoba Securities Commission
Financial and Consumer Services Commission (New Brunswick)
Newfoundland and Labrador Securities Commission
Nova Scotia Securities Commission
Prince Edward Island Securities Office
Office of the Yukon Superintendent of Securities
Northwest Territories Superintendent of Securities
Government of Nunavut – Office of the Superintendent of Securities
Dear Sirs and Mesdames:
Re: Xtract One Technologies Inc. (the "Company")
In connection with the Prospectus Supplement of the Company dated November 5, 2025 to its base shelf prospectus dated February 6, 2024, we consent to the reference to our name under the heading "Legal Matters" and consent to the use of our firm's name and reference to our opinion under the heading "Eligibility for Investment" in the Prospectus Supplement.
We have read the Prospectus Supplement and have no reason to believe there are any misrepresentations in the information contained therein that are derived from our opinion referred to therein or that is within our knowledge as a result of services that we have performed in connection with those matters that are the subject of our opinion.
Yours truly,
"Cozen O'Connor LLP"
COZEN O'CONNOR LLP
Bentall 5 550 Burrard St Suite 2501 Vancouver, BC V6C 2B5
(604) 674-9170 (604) 674-9245 Fax cozen.com