Canadian Securities Exchange

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

I, Andrew Nelson , an officer of the reporting issuer noted below have examined this Form 13-501F1 (the Form) being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate.

_________________________________

July 26, 2022

Name: Andrew Nelson

Date:

Title: Chief Financial Officer

Reporting Issuer Name:

Westward Gold Inc.

End date of previous financial year:

March 31, 2022

Type of Reporting Issuer:

[ ] Class 1 reporting

[ ] Class 3B reporting

issuer

issuer

Highest Trading Marketplace:

Market value of listed or quoted equity securities: Equity Symbol

1st Specified Trading Period (dd/mm/yy)

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

WG

01/04/21 to 30/06/21

$

0.2000

(i)

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

(ii)

(i) x (ii)

$

Market value of class or series

(A)

26,218,333

5,243,666.6000

2nd Specified Trading Period (dd/mm/yy)

01/07/21

to

30/09/21

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

$

0.1200

marketplace

(iii)

Number of securities in the class or series of such

security outstanding at the end of the last trading day of

46,346,622

the specified trading period

(iv)

(iii) x (iv)

$

5,561,594.6400

Market value of class or series

(B)

3rd Specified Trading Period (dd/mm/yy)

01/10/21

to

31/12/21

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

$

0.1500

marketplace

(v)

Number of securities in the class or series of such

security outstanding at the end of the last trading day of

46,346,622

the specified trading period

(vi)

(v) x (vi)

$

6,951,993.3000

Market value of class or series

(C)

4th Specified Trading Period (dd/mm/yy)

01/01/22

to

31/03/22

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

$

0.1250

marketplace

(vii)

Number of securities in the class or series of such

security outstanding at the end of the last trading day of

67,031,258

the specified trading period

(viii)

(vii) x (viii)

$

8,378,907.2500

Market value of class or series

(D)

5th Specified Trading Period (dd/mm/yy)

_______________ to ______________

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)

(ix) x (x)

$ ______________________

Market value of class or series

(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

$

6,534,040.4500

period (i.e. A through E above))

(1)

(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)

Fair value of outstanding debt securities:

(Provide details of how value was determined)

$ ______________________

(2)

Capitalization for the previous financial year

(1) + (2)

$

6,534,040.4500

Participation Fee

$

400.0000

Late Fee, if applicable

$

______________________

Total Fee Payable

$

400.0000

(Participation Fee plus Late Fee)

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Westward Gold Inc. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 15:46:13 UTC.