Company: FMST
Filing Date: 2025-08-06
Form Type: F-3
Source: 0001171843-25-005054
Chunk: 9

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-08-06
Form: F-3
Chunk 9
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 by reference, may appear without the ®,
™ or SM symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under
applicable law, our rights or the right of the applicable licensor to these trademarks, trade names and service marks. We do not intend
our use or display of other parties’ trademarks, trade names or service marks to imply, and such use or display should not be construed
to imply, a relationship with, or endorsement or sponsorship of us by, these other parties.

#### Financial Information and Currency
Unless otherwise indicated, all references in this
Prospectus, and the documents incorporated by reference herein, to “dollars” or “CAD” or “$”
are to Canadian dollars and all references to “USD” or “US$” are to United States dollars.

#### Exchange Rates
The following tables set forth the annual average
exchange rates for the year ended March 31, 2025, March 31, 2024, and March 31, 2023, and the monthly average exchange
rates for each month during the previous twelve months, as supplied by the Bank of Canada. These exchange rates are expressed as one United
States dollar converted into Canadian dollars.

| Period                    | Average |
| Year Ended March 31, 2025 |  $1.391 |
| Year Ended March 31, 2024 |  $1.349 |
| Year Ended March 31, 2023 |  $1.323 |

| Month Ended    
 April 30, 2025 | Average 
  $1.399 |
|:---------------|--------:|
| May 31, 2025   |  $1.385 |
| June 30, 2025  |  $1.367 |
| August 1, 2025 | $1.3797 |

The daily average exchange rate on August 1, 2025 as reported by the Bank of Canada for the conversion
of USD into CAD was US$1.00 equals $1.3797.

### PROSPECTUS SUMMARY
This summary highlights information contained elsewhere
in this Prospectus, the accompanying Prospectus Supplement or incorporated by reference herein and does not contain all of the information
that you should consider in making your investment decision. Before deciding to invest in our shares, you should read this entire Prospectus
and the accompanying Prospectus Supplement carefully, including the sections of this Prospectus