GobiMin : Certificate of Amendment

Certificate of Amendment	Certificat de modification
Canada Business Corporations Act	Loi canadienne sur les sociétés par actions

GobiMin Inc.

Corporate name / Dénomination sociale

432600-8

Corporation number / Numéro de société

I HEREBY CERTIFY that the articles of the above-named corporation are amended under section 178 of the Canada Business Corporations Act as set out in the attached articles of amendment.

JE CERTIFIE que les statuts de la société susmentionnée sont modifiés aux termes de l'article 178 de la Loi canadienne sur les sociétés par actions, tel qu'il est indiqué dans les clauses modificatrices ci-jointes.

Hantz Prosper

Director / Directeur

2023-03-06

Date of amendment (YYYY-MM-DD) Date de modification (AAAA-MM-JJ)

Form 4	Formulaire 4
Articles of Amendment	Clauses modificatrices
Canada Business Corporations Act	Loi canadienne sur les sociétés par
(CBCA) (s. 27 or 177)	actions (LCSA) (art. 27 ou 177)

1

Corporate name Dénomination sociale GobiMin Inc.

2

3

4

Corporation number Numéro de la société 432600-8

The articles are amended as follows

Les statuts sont modifiés de la façon suivante

See attached schedule / Voir l'annexe ci-jointe

Declaration: I certify that I am a director or an officer of the corporation.

Déclaration : J'atteste que je suis un administrateur ou un dirigeant de la société.

Original signed by / Original signé par

Joyce Ko

Joyce Ko

852 3586-0280

Misrepresentation constitutes an offence and, on summary conviction, a person is liable to a fine not exceeding $5000 or to imprisonment for a term not exceeding six months or both (subsection 250

(1) of the CBCA).

Faire une fausse déclaration constitue une infraction et son auteur, sur déclaration de culpabilité par procédure sommaire, est passible d'une amende maximale de 5 000 $ et d'un emprisonnement maximal de six mois, ou l'une de ces peines (paragraphe 250(1) de la LCSA).

You are providing information required by the CBCA. Note that both the CBCA and the Privacy Act allow this information to be disclosed to the public. It will be stored in personal information bank number IC/PPU-049.

Vous fournissez des renseignements exigés par la LCSA. Il est à noter que la LCSA et la Loi sur les renseignements personnels permettent que de tels renseignements soient divulgués au public. Ils seront stockés dans la banque de renseignements personnels numéro IC/PPU-049.

IC 3069 (2008/04)

SCHEDULE / ANNEXE

Amendment Schedule / Annexe - Modification

The Articles of GobiMin Inc. ("GobiMin") be amended to effect a consolidation (the "Consolidation") of the issued and outstanding common shares of GobiMin (the "Common Shares") on the basis of one (1) post-Consolidation common shares of GobiMin (a "New Common Share") for each 30,000,000 pre-Consolidation common share of GobiMin, provided that:

1. Holders of Common Shares outstanding immediately prior to the date (the "Effective Date") that the certificate of amendment is issued to give effect to the Consolidation shall not be entitled to receive a certificate for any fractional New Common Shares following the Consolidation; instead, all fractional New Common Shares will be cancelled and such holders thereof shall not be entitled to exercise any of the rights of shareholders in respect of any fractional New Common Shares other than the right to receive a cash payment equal to CAN$1.84 for each Common Share, less any amount in respect of taxes required by law to be deducted or withheld (the "Consideration") held on such date and which would otherwise be changed into a fractional New Common Share; and payment of the Consideration shall be made without interest as soon as practicable after the Effective Date upon presentation and surrender to GobiMin or Computershare Investor Services Inc. as the depositary designated by GobiMin (the "Depositary") for cancellation of the certificate(s) representing such Common Shares, together with such other documents as are required by GobiMin or the Depositary;
2. GobiMin shall have the rights at any time to deposit the Consideration for Common Shares registered in the names of shareholders (including, without limitation, shareholders who have dissented ("Dissenting Shareholders") in accordance with Section 190 of the Canada Business Corporations Act (the "Act")) who have not at the date of such deposit presented and surrendered to GobiMin or the Depositary certificates representing all of their Common Shares which were not changed into one or more full New Common Shares, in an account with a reputable bank, trust company or financial institution, which Consideration is to be paid without interest to or to the order of the respective holders of such Common Shares upon presentation and surrender by them to GobiMin or the Depositary for cancellation of the certificates representing such Common Shares; provided that (i) the sending to GobiMin by Dissenting Shareholders of certificates representing all of their respective Common Shares pursuant to Subsection 190(8) of the Act shall not constitute the presentation and surrender thereof to GobiMin for the purposes of this section; and (ii) any interest allowed on any such deposit shall belong to GobiMin; and
3. Any certificate which prior to the Effective Date represented Common Shares that have not been surrendered, with all other documents required by GobiMin or the Depositary, on or prior to the sixth anniversary of the Effective Date will cease to represent any claim or interest of any kind or nature against GobiMin, and any Consideration in the form of a cheque which has not been presented to GobiMin's bankers for payment or that otherwise remains unclaimed (including monies held on deposit in a special account as provided for in (b) above), in either event on the sixth anniversary of the Effective Date, shall be forfeited with any interest thereon to GobiMin.