Changes to Companion Policy 54-101CP to National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer

CHANGES TO COMPANION POLICY 54-101CP TO NATIONAL INSTRUMENT 54-101 COMMUNICATION WITH BENEFICIAL OWNERS OF SECURITIES OF A REPORTING ISSUER

1. Companion Policy 54-101CP to National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer is changed by this Document.

2. The Policy is changed by adding the following section:

2.8 Electronic Transmission -- National Instrument 13-103 System for Electronic Data Analysis and Retrieval + (SEDAR+) prescribes that each document that is required or permitted to be provided to a securities regulatory authority or regulator must be transmitted to the securities regulatory authority or regulator electronically through the System for Electronic Data Analysis and Retrieval + (SEDAR+).

The reference to a document includes any report, form, application, information, material and notice, as well as a copy thereof, and applies to documents that are required or permitted to be filed or deposited with, or delivered, furnished, sent, provided, submitted or otherwise transmitted to, a securities regulatory authority or regulator.

To reflect the phased implementation of SEDAR+, the Appendix of National Instrument 13-103 System for Electronic Data Analysis and Retrieval + (SEDAR+) sets out securities legislation under which documents are excluded from being filed or delivered in SEDAR+.

National Instrument 13-103 System for Electronic Data Analysis and Retrieval + (SEDAR+) should be consulted when providing any document to a securities regulatory authority or regulator under the Instrument and this policy..

3. Table A in Section 5.1 is changed by replacing "SEDAR" wherever it occurs with "SEDAR+".

4. Table B in Section 5.1 is changed by replacing "SEDAR" wherever it occurs with "SEDAR+".

5. Section 5.4 is changed:

(a) in subsection (1) by replacing "SEDAR" with "SEDAR+",

(b) in subsection (5) by replacing "SEDAR" wherever it occurs with "SEDAR+",

(c) in subsection (6) by replacing "SEDAR" wherever it occurs with "SEDAR+", and

(d) in subsection (8) by replacing "SEDAR" with "SEDAR+".

Effective Date

6. These changes become effective on June 9, 2023.