Newrange Gold : Form of Proxy - Annual General and Special Meeting - Oct. 5, 2023

NEWRANGE GOLD CORP.

8th Floor, 100 University Avenue Toronto, Ontario M5J 2Y1 www.computershare.com

Security Class

Holder Account Number

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Form of Proxy - Annual General and Special Meeting to be held on Thursday, October 5, 2023

This Form of Proxy is solicited by and on behalf of Management.

Notes to proxy

1. Every holder has the right to appoint some other person or company of their choice, who need not be a holder, to attend and act on their behalf at the meeting or any adjournment or postponement thereof. If you wish to appoint a person or company other than the Management Nominees whose names are printed herein, please insert the name of your chosen proxyholder in the space provided (see reverse).
2. If the securities are registered in the name of more than one owner (for example, joint ownership, trustees, executors, etc.), then all those registered should sign this proxy. If you are voting on behalf of a corporation or another individual you may be required to provide documentation evidencing your power to sign this proxy with signing capacity stated.
3. This proxy should be signed in the exact manner as the name(s) appear(s) on the proxy.
4. If a date is not inserted in the space provided on the reverse of this proxy, it will be deemed to bear the date on which it was mailed to the holder by Management.
5. The securities represented by this proxy will be voted as directed by the holder, however, if such a direction is not made in respect of any matter, and the proxy appoints the Management Nominees listed on the reverse, this proxy will be voted as recommended by Management.
6. The securities represented by this proxy will be voted in favour, or withheld from voting, or voted against each of the matters described herein, as applicable, in accordance with the instructions of the holder, on any ballot that may be called for. If you have specified a choice with respect to any matter to be acted on, the securities will be voted accordingly.
7. This proxy confers discretionary authority in respect of amendments or variations to matters identified in the Notice of Meeting and Management Information Circular or other matters that may properly come before the meeting or any adjournment or postponement thereof, unless prohibited by law.

8. This proxy should be read in conjunction with the accompanying documentation provided by Management.	Fold

Proxies submitted must be received by 4:00 pm, PDT, on Tuesday, October 3, 2023.

VOTE USING THE TELEPHONE OR INTERNET 24 HOURS A DAY 7 DAYS A WEEK!

To Vote Using the Telephone		To Vote Using the Internet
• Call the number listed BELOW from a touch tone	•	Go to the following web site:
telephone.		www.investorvote.com
1-866-732-VOTE (8683) Toll Free	•	Smartphone?
		Scan the QR code to vote now.

If you vote by telephone or the Internet, DO NOT mail back this proxy.

Voting by mail may be the only method for securities held in the name of a corporation or securities being voted on behalf of another individual.

Voting by mail or by Internet are the only methods by which a holder may appoint a person as proxyholder other than the Management Nominees named on the reverse of this proxy. Instead of mailing this proxy, you may choose one of the two voting methods outlined above to vote this proxy.

To vote by telephone or the Internet, you will need to provide your CONTROL NUMBER listed below.

CONTROL NUMBER

01XRNA

Appointment of Proxyholder

I/We being holder(s) of securities of Newrange Gold Corp. (the		Print the name of the person you are
"Corporation") hereby appoint: Robert Archer, President and Chief	OR	appointing if this person is someone
Executive Officer, or failing this person, Dave Cross, Chief Financial Officer	other than the Management Nominees
and Corporate Secretary (the "Management Nominees")		listed herein.

as my/our proxyholder with full power of substitution and to attend, act and to vote for and on behalf of the holder in accordance with the following direction (or if no directions have been given, as the proxyholder sees fit) and on all other matters that may properly come before the Annual General and Special Meeting of shareholders of the Corporation to be held in virtual format only, which will be conducted via telephone conference, on Thursday, October 5, 2023 at 4:00 pm, PDT and at any adjournment or postponement thereof.

VOTING RECOMMENDATIONS ARE INDICATED BY HIGHLIGHTED TEXT OVER THE BOXES.

For Withhold

1. Appointment of Auditors

Appointment of Davidson & Company LLP, Chartered Professional Accountants as Auditors of the Corporation for the ensuing year and authorizing the Directors to fix their remuneration.

For Against

2. Ratifying and Approving the Stock Option Plan of the Corporation

To consider and, if thought fit, to approve an ordinary resolution confirming, ratifying and approving the Corporation's Stock Option Plan.

3. Number of Directors

To set the number of Directors at four (4).

4. Election of Directors

Withhold

Withhold

Withhold

For

For

For

1. Robert Archer

2. David Salari

3. Ron Schmitz

4.Colin Jones

5. Number of Directors - Alternative Slate

Conditional on and effective upon the closing of the Transaction involving the Corporation and Mithril Resources Limited, as more particularly set out in the accompanying management information circular, to fix the number of directors at six (6).

6. Election of Alternate Slate Directors

Withhold

Withhold

Withhold

For

For

For

1.

John Skeet

2.

Stephen Layton

3. Garry Thomas

4. Robert Archer

5.

Ron Schmitz

6.

Colin Jones

7. Consolidation

To consider and, if thought advisable, to pass a special resolution to affect a consolidation of all of the Corporation's issued and outstanding common shares on the basis of one (1) new common share of the Corporation for two (2) existing common shares of the Corporation.

8. Acquisition of Mithril Resources Limited issued and outstanding securities

To consider and, if thought advisable, to pass an ordinary resolution approving the acquisition of all the issued and outstanding securities of Mithril Resources Limited all as more particularly described in the accompanying Information Circular.

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For Withhold

For Against

For Withhold

For Against

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9. Other Business

To transact such further or other business as may properly come before the Meeting or any adjournment or adjournments thereof.

Signature of Proxyholder	Signature(s)	Date

I/We authorize you to act in accordance with my/our instructions set out above. I/We hereby revoke any proxy previously given with respect to the Meeting. If no voting instructions are indicated above, and the proxy appoints the Management Nominees, this Proxy will be voted as recommended by Management.

1. / DD / YY

Interim Financial Statements - Mark this box if you would like to receive Interim Financial Statements and accompanying Management's Discussion and Analysis by mail.

Annual Financial Statements - Mark this box if you would like to receive the Annual Financial Statements and accompanying Management's Discussion and Analysis by mail.

If you are not mailing back your proxy, you may register online to receive the above financial report(s) by mail at www.computershare.com/mailinglist.

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