Rugby Resources : ESTMA Report 2024

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name			Rugby Resources Ltd.
Reporting Year	From	01/03/23	To:	29/02/24	Date submitted	05/07/24
Reporting Entity ESTMA Identification Number	E860589		Original Submission
	Amended Report

Other Subsidiaries Included	Volador Colombia S.A.S.
(optional field)
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	Alejandro Adams	Date	05/07/24
Position Title	CFO

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

Country

Colombia

Colombia

Colombia

Colombia

Extractive Sector Transparency Measures Act - Annual Report

From:	01/03/23	To:	29/02/24
	Rugby Resources Ltd.		Currency of the Report	CAD
	E860589

Payments by Payee

	Departments, Agency, etc…							Infrastructure	Total Amount paid to
Payee Name1	within Payee that Received	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Notes34
Improvement Payments	Payee
	Payments2
Federal Government of										Canon fees paid to ANM. Exchange
National Mining Agency ("ANM")				40,923				40,923	rate used: 1 COP= 0.0003222 CAD
Colombia
									(avg. for the period).
Senior Community Council of										Acces fees/Social programs paid to
the Comprehensive Peasant					128,474				128,474	COOCOMACIA. Exchange rate used:
Association of Atrato										1 COP= 0.0003222 CAD (avg. for the
("COCOMACIA")										period).
Regional Autonomous										Water permits paid to CODECHOCO.
Corporation for the
				17,948				17,948	Exchange rate used: 1 COP=
Sustainable Development of
									0.0003222 CAD (avg. for the period).
Chocó ("CODECHOCO")
									Payment to the Ministry of National
										Defense for security services and to
Federal Government of	Ministry of National Defense,									3rd party vendors for goods and
			157,913				157,913	services delivered to the military for
Colombia	Colombian Military Forces
								security services. Exchange rate

used: 1 COP= 0.0003222 CAD (avg. for the period).

Additional Notes:

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year	From:	01/03/23	To:	29/02/24
Reporting Entity Name			Rugby Resources Ltd.			Currency of the Report	CAD
Reporting Entity ESTMA			E860589
Identification Number
Subsidiary Reporting Entities (if
necessary)
					Payments by Project
Country	Project Name1	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure	Total Amount paid by
Improvement Payments	Project

Colombia

Cobrasco

345,258

Notes23

Canon fees, water permits, access fees/social programs paid to federal and local government entities or ministries. Payments to 3rd party vendors for goods and services delivered to the militay for security services. Exchange rate used: 1 COP= 0.0003222 CAD (avg. for the period).

Additional Notes3: