Company: FMST
Filing Date: 2025-06-20
Form Type: POS AM
Source: 0001171843-25-004006
Chunk: 7

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-06-20
Form: POS AM
Chunk 7
---
 dollar converted into Canadian
dollars.

| Period               
 Year                 
 Ended March 31, 2025 
 Year                 
 Ended March 31, 2024 | Average 
  1.3913 
  1.3487 |
|:---------------------|--------:|
| Year                 
 Ended March 31, 2023 |  1.3230 |

| Month Ended 
 April       
 30, 2025    | Average 
  1.3988 |
|:------------|--------:|
| May         
 31, 2025    |  1.3853 |
| June        
 11, 2025    |  1.3694 |

The daily average exchange rate on June 11, 2025 as reported by the Bank of Canada for the conversion
of USD into CAD was US$1.00 equals CAD$1.3665.

<div align='center'>8</div>

### CAUTIONARY
NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Prospectus and the documents incorporated by
reference herein contain “forward-looking statements” and “forward-looking information” within the meaning of
United States and Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements
include, but are not limited to, information with respect to our objectives and our strategies to achieve these objectives, as well as
statements with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. These forward-looking statements
may be identified by the use of terms and phrases such as “may”, “would”, “should”, “could”,
“expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”,
“believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions,
although not all forward-looking statements contain these terms and phrases. Forward-looking statements are provided for the purposes
of assisting the reader in understanding us, our business, operations, prospects and risks at a point in time in the context of historical
and possible future developments and therefore the reader is cautioned that such information may not be appropriate for other purposes.

Forward-looking statements relating to us include,
among other things, statements relating to:

| ● | our goals and strategies; |

| ● | expectations regarding revenue, expenses and operations; |

| ● | our having sufficient working capital and be able to secure additional funding necessary for the continued 
 exploration of our property interests;                                                                     |

| ● |