Trans Canada Gold : Oil and gas annual disclosure filing (Form 51-101 F2)

Form 51-101 F2 - Report on Reserves Data by Independent Qualified Reserves Evaluator

To the board of directors of Arctic Hunter Energy Inc. (the "Company"):

1. We have evaluated the Company's reserves data as at June 30, 2020. The reserves data are estimates of proved and probable reserves and related future net revenue as at June 30, 2020, estimated using forecast prices and costs.
2. The reserves data are the responsibility of the Company's management. Our responsibility is to express an opinion on the reserves data based on our evaluation.
3. We carried out our evaluation in accordance with standards set out in the Canadian Oil and Gas Evaluation Handbook as amended from time to time (the "COGE Handbook") maintained by the Society of Petroleum Evaluation Engineers (Calgary Chapter).
4. Those standards require that we plan and perform an evaluation to obtain reasonable assurance as to whether the reserves data are free of material misstatement. An evaluation also includes assessing whether the reserves data are in accordance with principles and definitions presented in the COGE Handbook.
5. The following table shows the net present value of future net revenue (before deduction of income taxes) attributed to the proved plus probable reserves, estimated using forecast prices and costs and calculated using a discount rate of 10 percent, included in the reserves data of the Company evaluated for the year ended June 30, 2020, and identifies the respective portions thereof that we have evaluated and reported on to the Company's board of directors:

						Net Present Value		Net Present
Independent		Description and				of Future Net		Value of Future
				Revenue (before		Net Revenue
Qualified		Preparation		Location of
			income taxes @ NPV		(before income taxes
Reserves		Date of		Reserves
			10%)		@ NPV 10%)
Evaluator		Evaluation Report
						Evaluated		Total
		Evaluation of the
Petrotech		Interests of Arctic Hunter				$62,800		$62,800
Engineering		Energy Inc. in Landrose,		Canada
Ltd.		Saskatchewan
		at June 30, 2020
Total						$62,800		$62,800

1 This amount must be the amount disclosed by the reporting issuer in its statement of reserves data filed under item 1 of section 2.1 of NI 51-101, as its future net revenue (before deducting future income tax expenses) attributable to the proved plus probable reserves, estimated using forecast prices and costs and calculated using a discount rate of 10 percent (required by section 2 of Item 2.1 of Form 51-101F1).

1. In our opinion, the reserves data respectively evaluated by us have, in all material respects, been determined and are in accordance with the COGE Handbook, consistently applied. We express no opinion on the reserves data that we reviewed but did not audit or evaluate.
2. We have no responsibility to update our reports referred to in paragraph 5 for events and circumstances occurring after the effective date of our reports.
3. Because the reserves data are based on judgments regarding future events, actual results will vary and the variations may be material.

Executed as to our report referred above:

John Yu, P. Eng.

Petrotech Engineering Ltd., in Burnaby, B. C., Canada

Execution Date: August 26, 2020