Company: MDCXW
Filing Date: 2025-09-19
Form Type: DRS
Source: 0001062993-25-015719
Chunk: 6

Company: Medicus Pharma Ltd.
Filing Date: 2025-09-19
Form: DRS
Chunk 6
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.00 expressed in Canadian dollars as published by the Bank of Canada:

|                             | Six months ended 
    June 30, 2025 
             (C$) |        Year ended 
 December 31, 2024 
              (C$) |        Year ended 
 December 31, 2023 
              (C$) |
|:----------------------------|-----------------:|------------------:|------------------:|
| As at end of period         |           1.3643 |            1.4389 |            1.3226 |
| Low for the period          |           1.3558 |            1.3316 |            1.3128 |
| High for the period         |           1.4603 |            1.4416 |            1.3875 |
| Average rate for the period |           1.4094 |            1.3698 |            1.3497 |

<div align='center'>ii

CONFIDENTIAL TREATMENT REQUESTED BY MEDICUS PHARMA LTD.

PURSUANT TO 17 C.F.R. SECTION 200.83</div>

On September 18, 2025, the daily average exchange rate for Canadian dollars in terms of the U.S. dollar, as quoted by the Bank of Canada, was $1.00 = C$1.3797.

<div align='center'>CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</div>

This prospectus includes forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this prospectus regarding our strategy, future operations, regulatory process, future financial position, future revenue, projected costs, prospects, plans, objectives of management and expected market growth are forward-looking statements. The words "believe", "anticipate", "intend", "expect", "target", "goal", "estimate", "plan", "assume", "may", "will", "predict", "project", "would", "could" and similar expressions or the negative of such terms are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

The forward-looking statements in this prospectus include, but are not limited to, statements about:

We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially