Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

Pelangio Exploration Inc.

Reporting Year

From

2022-01-01

To:

2022-12-31

Date submitted

2023-05-03

Reporting Entity ESTMA Identification Number

E145001

Original Submission

Amended Report

Other Subsidiaries Included

Pelangio Afaho (G) Limited

(optional field)

Pelangio Adansi Asaasi (G) Limited

Not Consolidated

Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity

Ingrid Hibbard

Date

2023-05-03

Position Title

President and CEO

Reporting Year Reporting Entity Name Reporting Entity ESTMA Identification Number Subsidiary Reporting Entities (if necessary)

Extractive Sector Transparency Measures Act - Annual Report

From:

2022-01-01

To:

2022-12-31

Pelangio Exploration Inc.

Currency of the Report

CAD

E145001

Country

Ghana

Payments by Payee

Departments, Agency, etc…

Infrastructure

Total Amount paid to

Payee Name1

within Payee that Received

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Improvement Payments

Payee

Payments2

Government of Ghana

Minerals Commission

274,055

274,055

Notes34

Payments relate to mining and prospecting licenses, mineral rights fees and permits. Amounts denominated in Ghanaian Cedis were translated into Canadian Dollars see additional notes.

Additional Notes:

All payments made to the Minerals Commission in Ghana are in United States Dollars. The Company used an average Fx Rate of 1.2108, based on the exchange rates on the dates the payments were made, to convert from US dollars to Canadian dollars. The fees paid covered the 2021 and 2022 years.

Reporting Year Reporting Entity Name Reporting Entity ESTMA Identification Number Subsidiary Reporting Entities (if necessary)

Country

Ghana

Ghana

Additional Notes3:

Extractive Sector Transparency Measures Act - Annual Report

From:

2022-01-01

To:

2022-12-31

Pelangio Exploration Inc.

Currency of the Report

CAD

E145001

Payments by Project

Project Name1

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure

Total Amount paid by

Notes23

Improvement Payments

Project

Annual mineral right

Manfo

60,855

60,855

fees

Obuasi

213,200

213,200

Annual mineral right

fees

All payments made to the Minerals Commission in Ghana are in United States Dollars. The Company used an average Fx Rate of 1.2108, based on the exchange rates on the dates the payments were made, to convert from US dollars to Canadian dollars. The fees paid covered the 2021 and 2022 years.

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Disclaimer

Pelangio Exploration Inc. published this content on 03 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2023 17:35:08 UTC.