AuKing Mining Limited Prospectus

AuKing Mining Limited Solicitor’s Report on Tenements HopgoodGanim Lawyers Page 2 of 46 1. Searches The legal due diligence enquiries undertaken by HopgoodGanim Lawyers in relation to the Tenements located in Western Australia involved reviewing: (a) searches of the register of mining tenements maintained by the Department of Mines, Industry Regulation and Safety (including its previous names such as Department of Mines and Petroleum) ( DMIRS ) through extracts obtained by LandTrack Systems, conducted on 16 February 2021 ( Tenement Searches ); (b) quick appraisal searches of the TENGRAPH system maintained by DMIRS ( Quick Appraisals ) showing the key tenure overlapped by the Tenements, conducted on 16 February 2021; (c) searches of the Aboriginal Heritage Inquiry System ( AHIS ) maintained by the Department of Planning, Lands and Heritage ( DPLH ) conducted on 17 February 2021; and (d) searches of the Native Title Determination Application register, Register of Native Title Claims, National Native Title Determinations, Register of Indigenous Land Use Agreements, Notified Indigenous Land Use Agreements maintained by the National Native Title Tribunal ( NNTT ) conducted on 17 February 2021, (together the Searches ). 2. Opinions Based on the Searches, subject to our assumptions, qualifications and exceptions set out in this Solicitor’s Report (including in paragraph 8.5), we are satisfied that as at the date of the relevant Searches the Solicitor’s Report provides an accurate statement as to the: (a) status of the Tenements and the Company’s interest in the Tenements; (b) validity and standing of the Tenements; (c) non-standard conditions which apply to the Tenements; and (d) third party interests, including encumbrances, in relation to the Tenements. 3. Summary of the Solicitor’s Report Subject to the comments and qualifications set out in this Solicitor’s Report, as at the date of this Solicitor’s Report, we make the comments set out below. For further detail, the legislation governing the Tenements is set out in general terms in paragraph 4 below. Existence of Tenements 3.1 The Tenements are all live except for P80/1832 and P80/1837. 3.2 P80/1832 and P80/1837 are listed as Tenements in the Earn-in Agreement but were both surrendered on 20 January 2021 and are now dead. Applications to amalgamate the ground the subject of P80/1832 and P80/1837 into E80/5127 (also listed in the Earn-in Agreement) have been lodged (prior to P80/1832 and P80/1837 being surrendered) and are currently AuKing Mining Limited | PROSPECTUS 157