AMENDMENT NO.1 TO THE ARRANGEMENT AGREEMENT THIS AGREEMENT made as of the 3rd day of February, 2022.

A M O N G:

WYLOO METALS PTY LTD, a corporation existing under the laws of Australia, with its registered and records office in Perth, Australia (the “Parent”)

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WYLOO CANADA HOLDINGS PTY LTD, a corporation existing under the laws of British Columbia, with its registered and records office in Vancouver, British Columbia (the “Purchaser”)

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NORONT RESOURCES LTD., a corporation existing under the laws of Ontario, with its registered and records office in Toronto, Ontario (the “Company”)

ARTICLE 3 ARRANGEMENT

(b) Each of the directors on the board of directors of the Company other than Luca Giacovazzi will be deemed to have resigned and each of Andrew Forrest, Ian W. Delaney and Warren Gilman will be appointed to the board of directors of the Company;