Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 74

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 74
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 common shares at a value of $50,000 as part of the acquisition payments for the Jean Lake Option Agreement. |

| g) | issued 20,000 common shares valued at $355,000 pursuant to a PSU redemption to a related party. |

Item 8. Indemnification of Directors and Officers.

Section 160 of the BCBCA authorizes companies to indemnify
past and present directors and officers of the company and certain other individuals for judgments, penalties or fines awarded or imposed
in, or an amount paid in settlement of, or expenses incurred related to (including costs, charges and expenses including legal and other
fees), proceedings in which they are or may be joined as a party or are or may be liable for or in respect of by reason of their being
or having been a director or officer, unless, among other things, such individual did not act honestly and in good faith with a view to
the best interests of the company or, in the case of an eligible proceeding other than a civil proceeding, if such individual did not
have reasonable grounds for believing his or her conduct in respect of which the proceeding was brought was lawful. In the case of a suit
by or on behalf of the corporation or an associated corporation, the company must neither indemnify the individual nor pay the expenses
of the individual in respect of the proceeding, except with prior court approval.

Our Articles provide that we may indemnify past and present
directors against all eligible penalties to which such person is or may be liable, and we may, after the final disposition of an eligible
proceeding, pay the expenses actually and reasonable incurred by such person in respect of that proceeding.

We maintain insurance policies
relating to certain liabilities that our directors and officers may incur in such capacities.

Item 9. Exhibits.

(a) The following documents are filed as part of
this registration statement:

| Exhibit No. |     | Description                                                                                                                            |
| 1.1+        |     | Form                                                                                                                                   
 of Underwriting Agreement                                                                                                              |
| 3.1+        |     | Articles                                                                                                                               
 of Incorporation of Foremost Lithium Resource & Technology Ltd.                                                                        |
| 4.1+        |     | Form                                                                                                                                   
 of Unit Warrant                                                                                                                        |
| 4.2+        |     | Form                                                                                                                                   
 of Finder’s Warrant                                                                                                                    |
| 4.3+        |     | Form                                                                                                                                   
 of Representative’s Warrant