Document:

Exhibit 4.3

 

UNLESS
PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS
AND A DAY AFTER THE LATER OF (I) DECEMBER 31, 2018, AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR
TERRITORY OF CANADA.

 

WARRANT

 

for
the purchase of Class A common shares of

 

SNOW
LAKE RESOURCES LTD.

(Organized
under the laws of the Province of Manitoba)

 

	

        Number
        of Warrants: _________
	Warrant
    Certificate No. _______  

 

This
is to certify that, for value received, ____________, with an address of _______________________ (the “Holder“),
shall have the right to purchase from snow lake resources ltd. (the “Corporation”),
at any time and from time to time up to 5:00 p.m. (Toronto time) on the earlier of (i) five years after the date hereof and (ii)
two years from the completion of a Liquidity Transaction (as defined herein) (the “Expiry Time”), one fully paid
and non-assessable Class A common share in the capital of the Corporation for each Warrant (individually, a “Warrant”)
represented hereby at a price of Cdn$0.45 per share (the “Exercise Price”),
upon and subject to the terms and conditions set forth herein. If, following the date hereof, the closing price of the Class A
common shares of the Corporation (or such securities into which the common shares are converted or exchanged in connection with
a Liquidity Transaction or otherwise) on the TSX Venture Exchange, Canadian Securities Exchange or such other exchange on which
the securities then trade, is equal to or greater than $0.75 for any 20 consecutive trading days, the Corporation may, upon providing
written notice to the Holder, accelerate the expiry date of the Warrants to the date that is 30 days following the date of such
written notice.

 

For
the purposes of this certificate a “Liquidity Transaction” means (i) a business combination between the Corporation
and a public company pursuant to a reverse take-over, merger, amalgamation, arrangement, take-over bid, insider bid, reorganization,
joint venture, sale or exchange of assets or similar transaction; or (ii) an initial public offering of the Corporation

 

1. For
the purposes of this Warrant Certificate, the term “Common Shares” means Class A common shares in the capital
of the Corporation as constituted as of the date hereof, provided that in the event of a subdivision, redivision, reduction, combination
or consolidation thereof or any other adjustment under section 8 herein, or successive such subdivisions, redivisions, reductions,
combinations, consolidations or other adjustments, then subject to the adjustments, if any, having been made in accordance with
the provisions of this Warrant Certificate, “Common Shares” shall thereafter mean the shares, other securities
or other property resulting from such subdivision, redivision, reduction, combination or consolidation or other adjustment.

 

2. All
Warrant Certificates shall be signed by an officer of the Corporation holding office at the time of signing, or any successor
or replacement of such person and notwithstanding any change in any of the persons holding said offices between the time of actual
signing and the delivery of the Warrant Certificate, the Warrant Certificate so signed shall be valid and binding upon the Corporation.

 

3. All
rights under any of the Warrants in respect of which the right of subscription and purchase therein provided for shall not theretofore
have been exercised shall wholly cease and such Warrants shall be wholly void and of no valid or binding effect after the Expiry
Time.

 

     

     

    

 

4. The
right to purchase Common Shares of the Corporation pursuant to the Warrants may only be exercised by the Holder at or before the
Expiry Time by:

 

		(a)	duly
                                         completing and executing a subscription substantially in the form attached as Schedule
                                         “A” (the “Subscription Form”), in the manner therein indicated;
                                         and

 

		(b)	surrendering
                                         this Warrant Certificate and the duly completed and executed Subscription Form to the
                                         Corporation prior to the Expiry Time at its head office at c/o Foundation Markets Inc.,
                                         77 King Street West, Suite 2905, P.O. Box 121 Toronto ON M5K 1H1, together with payment
                                         of the purchase price for the Common Shares subscribed for in the form of cash or a certified
                                         cheque payable to the Corporation in an amount equal to the then applicable Exercise
                                         Price multiplied by the number of Common Shares subscribed for.

 

5. Upon
delivery and payment as set forth in section 4 herein, the Corporation shall cause to be issued to the Holder the number of Common
Shares subscribed for by the Holder and the Holder shall become a shareholder of the Corporation in respect of such Common Shares
with effect from the date of such delivery and payment and shall be entitled to delivery of a certificate or certificates evidencing
such shares. The Corporation shall cause such certificate or certificates to be mailed to the Holder at the address or addresses
specified in the Subscription Form within five (5) business days of such delivery and payment as set forth in section 4 herein
or, if so instructed by the Holder, held for pick-up by the Holder at the principal office of the Corporation. Notwithstanding
any adjustment provided for in section 8 herein, the Corporation shall not be required upon the exercise of any Warrants to issue
fractional Common Shares in satisfaction of its obligations hereunder and the Holder understands and agrees that it will not be
entitled to any cash payment or other form of compensation in respect of a fractional Common Share that might otherwise have been
issued.

 

6. The
holding of a Warrant shall not constitute the Holder a shareholder of the Corporation nor entitle him to any right or interest
in respect thereof except as herein expressly provided.

 

7. The
Corporation covenants and agrees that until the Expiry Time, while any of the Warrants shall be outstanding, it shall reserve
and there shall remain unissued out of its authorized capital a sufficient number of Common Shares to satisfy the right of purchase
herein provided, as such right of purchase may be adjusted pursuant to sections 8 and 9 herein. The Corporation further covenants
and agrees that while any of the Warrants shall be outstanding, the Corporation shall (a) comply with the securities legislation
applicable to it in order that the Corporation not be in default of any requirements of such legislation; (b) use its commercially
reasonable best efforts to do or cause to be done all things necessary to preserve and maintain its corporate existence; and (c)
at its own expense expeditiously use its commercially reasonable best efforts to obtain the listing of such Common Shares (subject
to issue or notice of issue) on each stock exchange or over-the-counter market on which the Corporation’s Common Shares
may be listed from time to time. All Common Shares which shall be issued upon the exercise of the right to purchase herein provided
for, upon payment therefor of the amount at which such Common Shares may at the time be purchased pursuant to the provisions hereof,
shall be issued as fully paid and non-assessable shares and the holders thereof shall not be liable to the Corporation or its
creditors in respect thereof.

 

    2

     

    

 

		8.	(a)          For
                                         the purpose of this section 8, unless there is something in the subject matter or context
                                         inconsistent therewith, the words and terms defined below shall have the respective meanings
                                         specified therefor:

 

“Current
Market Price” of the Common Shares at any date means the price per share equal to the weighted average price at which
the Common Shares have traded on such other stock exchange on which the shares trade as may be selected by the directors of the
Corporation for such purpose or, if the Common Shares are not then listed on any stock exchange, in the over-the-counter market,
during the period of any twenty consecutive trading days ending not more than five (5) business days before such date; provided
that the weighted average price shall be determined by dividing the aggregate sale price of all Common Shares sold on the said
exchange or market, as the case may be, during the said twenty consecutive trading days by the total number of Common Shares so
sold; and provided further that if the Common Shares are not then listed on any stock exchange or traded in the over-the counter
market, then the Current Market Price shall be determined by such firm of independent chartered accountants as may be selected
by the directors of the Corporation;

 

“director”
means a director of the Corporation for the time being and, unless otherwise specified herein, a reference to action “by
the directors” means action by the directors of the Corporation as a board or, whenever empowered, action by the executive
committee of such board; and

 

“trading
day” with respect to a stock exchange or over-the-counter market means a day on which such stock exchange or market is
open for business.

 

		(b)	If
                                         and whenever at any time after the date hereof and prior to the Expiry Time the Corporation
                                         shall (i) subdivide or redivide its then outstanding Common Shares into a greater number
                                         of Common Shares, (ii) reduce, combine or consolidate its then outstanding Common Shares
                                         into a lesser number of Common Shares or (iii) issue Common Shares (or securities exchangeable
                                         for or convertible into Common Shares) to the holders of all or substantially all of
                                         its then outstanding Common Shares by way of a stock dividend or other distribution (any
                                         of such events herein called a “Common Share Reorganization”), then
                                         the Exercise Price shall be adjusted effective immediately after the effective date of
                                         any such event in (i) or (ii) above or the record date at which the holders of Common
                                         Shares are determined for the purpose of any such dividend or distribution in (iii) above,
                                         as the case may be, by multiplying the Exercise Price in effect on such effective date
                                         or record date, as the case may be, by a fraction, the numerator of which shall be the
                                         number of Common Shares outstanding on such effective date or record date, as the case
                                         may be, before giving effect to such Common Share Reorganization and the denominator
                                         of which shall be the number of Common Shares outstanding immediately after giving effect
                                         to such Common Share Reorganization including, in the case where securities exchangeable
                                         for or convertible into Common Shares are distributed, the number of Common Shares that
                                         would be outstanding if such securities were exchanged for or converted into Common Shares.

 

    3

     

    

 

		(c)	If
                                         at any time after the date hereof and prior to the Expiry Time the Corporation shall
                                         fix a record date for the issue or distribution to the holders of all or substantially
                                         all of the outstanding Common Shares, of rights, options or warrants pursuant to which
                                         such holders are entitled, during a period expiring not more than 45 days after the record
                                         date for such issue (such period being the “Rights Period”), to subscribe
                                         for or purchase Common Shares or securities exchangeable for or convertible into Common
                                         Shares at a price per share (or in the case of securities exchangeable for or convertible
                                         into Common Shares at an exchange or conversion price per share at the date of issue
                                         of such securities) of less than 95% of the Current Market Price of the Common Shares
                                         on such record date (any of such events being herein called a “Rights Offering”),
                                         the Exercise Price shall be adjusted effective immediately after the record date for
                                         the Rights Offering to the amount determined by multiplying the Exercise Price in effect
                                         on such record date by a fraction:

 

(i) the
numerator of which shall be the aggregate of

 

		(A)	the
                                         number of Common Shares outstanding on the record date for the Rights Offering; and

 

(B) the
quotient determined by dividing

 

		(I)	either
                                         (a) the product of the number of Common Shares offered during the Rights Period pursuant
                                         to the Rights Offering and the price at which such Common Shares are offered, or, (b)
                                         the product of the exchange or conversion price of the securities so offered and the
                                         number of Common Shares for or into which the securities offered pursuant to the Rights
                                         Offering may be exchanged or converted, as the case may be, by

 

		(II)	the
                                         Current Market Price of the Common Shares as of the record date for the Rights Offering;
                                         and

 

		(ii)	the
                                         denominator of which shall be the aggregate of the number of Common Shares outstanding
                                         on such record date and the number of Common Shares offered pursuant to the Rights Offering
                                         (including in the case of the issue or distribution of securities exchangeable for or
                                         convertible into Common Shares the number of Common Shares for or into which such securities
                                         may be exchanged or converted).

 

If
by the terms of the rights, options, or warrants referred to in this section 8(c), there is more than one purchase, conversion
or exchange price per Common Share, the aggregate price of the total number of additional Common Shares offered for subscription
or purchase, or the aggregate conversion or exchange price of the convertible or exchangeable securities so offered, shall be
calculated for purposes of the adjustment on the basis of the lowest purchase, conversion or exchange price per Common Share,
as the case may be. Any Common Shares owned by or held for the account of the Corporation shall be deemed not to be outstanding
for the purpose of any such calculation. To the extent that any adjustment in the Exercise Price occurs pursuant to this section
8(c) as a result of the fixing by the Corporation of a record date for the issue or distribution of rights, options or warrants
referred to in this section 8(c), the Exercise Price shall be readjusted immediately after the expiry of any relevant exchange,
conversion or exercise right to the Exercise Price which would then be in effect based upon the number of Common Shares actually
issued and remaining issuable after such expiry and shall be further readjusted in such manner upon the expiry of any further
such right.

 

    4

     

    

 

		(d)	If
                                         at any time after the date hereof and prior to the Expiry Time, the Corporation shall
                                         fix a record date for the issue or distribution to the holders of all or substantially
                                         all of the Common Shares of:

 

(i) shares
of the Corporation of any class other than Common Shares;

 

		(ii)	rights,
                                         options or warrants to acquire Common Shares or securities exchangeable for or convertible
                                         into Common Shares (other than rights, options or warrants pursuant to which holders
                                         of Common Shares are entitled, during a period expiring not more than 45 days after the
                                         record date for such issue, to subscribe for or purchase Common Shares at a price per
                                         share (or in the case of securities exchangeable for or convertible into Common Shares
                                         at an exchange or conversion price per share at the date of issue of such securities)
                                         of at least 95% of the Current Market Price of the Common Shares on such record date);

 

(iii) evidences
of indebtedness of the Corporation; or

 

		(iv)	any
                                         property or assets of the Corporation (including cash, but excluding cash dividends paid
                                         in the ordinary course);

 

and
if such issue or distribution does not constitute a Common Share Reorganization or a Rights Offering (any of such non-excluded
events being herein called a “Special Distribution”), the Exercise Price shall be adjusted effective immediately
after the record date for the Special Distribution to the amount determined by multiplying the Exercise Price in effect on the
record date for the Special Distribution by a fraction:

 

(A) the
numerator of which shall be the difference between

 

		(I)	the
                                         product of the number of Common Shares outstanding on such record date and the Current
                                         Market Price of the Common Shares on such record date, and

 

		(II)	the
                                         fair value, as determined by the directors of the Corporation, to the holders of the
                                         Common Shares of the shares, rights, options, warrants, evidences of indebtedness or
                                         property or assets to be issued or distributed in the Special Distribution, and

 

		(B)	the
                                         denominator of which shall be the product obtained by multiplying the number of Common
                                         Shares outstanding on such record date by the Current Market Price of the Common Shares
                                         on such record date.

 

Any
Common Shares owned by or held for the account of the Corporation shall be deemed not to be outstanding for the purpose of such
calculation. To the extent that any adjustment in the Exercise Price occurs pursuant to this section 8(d) as a result of the fixing
by the Corporation of a record date for the issue or distribution of rights, options or warrants to acquire Common Shares or securities
exchangeable for or convertible into Common Shares referred to in this section 8(d), the Exercise Price shall be readjusted immediately
after the expiry of any relevant exercise, exchange or conversion right to the amount which would then be in effect if the fair
market value had been determined on the basis of the number of Common Shares issued and remaining issuable immediately after such
expiry, and shall be further readjusted in such manner upon the expiry of any further such right.

 

    5

     

    

 

		(e)	If
                                         and whenever at any time after the date hereof and prior to the Expiry Time there is
                                         a capital reorganization of the Corporation or a reclassification or other change in
                                         the Common Shares (other than a Common Share Reorganization) or a consolidation or merger
                                         or amalgamation of the Corporation with or into any other corporation or other entity
                                         (other than a consolidation, merger or amalgamation which does not result in any reclassification
                                         of the outstanding Common Shares or a change of the Common Shares into other securities),
                                         or a transfer of all or substantially all of the Corporation’s undertaking and assets
                                         to another corporation or other entity in which the holders of Common Shares are entitled
                                         to receive shares, other securities or other property (any of such events being called
                                         a “Capital Reorganization”), after the effective date of the Capital
                                         Reorganization the Holder shall be entitled to receive, and shall accept, for the same
                                         aggregate consideration, upon exercise of the Warrants, in lieu of the number of Common
                                         Shares to which the Holder was theretofore entitled upon the exercise of the Warrants,
                                         the kind and aggregate number of Common Shares and other securities or property resulting
                                         from the Capital Reorganization which the Holder would have been entitled to receive
                                         as a result of the Capital Reorganization if, on the effective date thereof, the Holder
                                         has been the registered holder of the number of Common Shares to which the Holder was
                                         theretofore entitled to purchase or receive upon the exercise of the Warrants. If necessary,
                                         as a result of any Capital Reorganization, appropriate adjustments shall be made in the
                                         application of the provisions of this Warrant Certificate with respect to the rights
                                         and interest thereafter of the Holder to the end that the provisions of this Warrant
                                         Certificate shall thereafter correspondingly be made applicable as nearly as may reasonably
                                         be possible in relation to any shares or other securities or property thereafter deliverable
                                         upon the exercise of this Warrant Certificate.

 

		(f)	If
                                         and whenever at any time after the date hereof and prior to the Expiry Time, any of the
                                         events set out in sections 8(b), (c), (d) or (e) herein shall occur and the occurrence
                                         of such event results in an adjustment of the Exercise Price pursuant to the provisions
                                         of this section 8, then the number of Common Shares purchasable pursuant to this Warrant
                                         shall be adjusted contemporaneously with the adjustment of the Exercise Price by multiplying
                                         the number of Common Shares then otherwise purchasable on the exercise thereof by a fraction,
                                         the numerator of which shall be the Exercise Price in effect immediately prior to the
                                         adjustment and the denominator of which shall be the Exercise Price resulting from such
                                         adjustment.

 

		(g)	If
                                         the Corporation takes any action affecting its Common Shares to which the foregoing provisions
                                         of this section 8, in the opinion of the board of directors of the Corporation, acting
                                         in good faith, are not strictly applicable, or if strictly applicable would not fairly
                                         adjust the rights of the Holder against dilution in accordance with the intent and purposes
                                         hereof, or would otherwise materially affect the rights of the Holder hereunder, then
                                         the Corporation shall, subject to the approval of such stock exchange or quotation system
                                         on which the Common Shares are then listed and posted (or quoted) for trading, as applicable),
                                         execute and deliver to the Holder an amendment hereto providing for an adjustment in
                                         the application of such provisions so as to adjust such rights as aforesaid in such manner
                                         as the board of directors of the Corporation may determine to be equitable in the circumstances,
                                         acting in good faith. The failure of the taking of action by the board of directors of
                                         the Corporation to so provide for any adjustment on or prior to the effective date of
                                         any action or occurrence giving rise to such state of facts will be conclusive evidence
                                         that the board of directors has determined that it is equitable to make no adjustment
                                         in the circumstances.

 

    6

     

    

 

9. The
following rules and procedures shall be applicable to the adjustments made pursuant to section 8 herein:

 

		(a)	any
                                         Common Shares owned or held by or for the account of the Corporation shall be deemed
                                         not be to outstanding except that, for the purposes of section 8 herein, any Common Shares
                                         owned by a pension plan or profit sharing plan for employees of the Corporation or any
                                         of its subsidiaries shall not be considered to be owned or held by or for the account
                                         of the Corporation;

 

		(b)	no
                                         adjustment in the Exercise Price or the number of Common Shares purchasable pursuant
                                         to this Warrant shall be required unless a change of at least 1% of the prevailing Exercise
                                         Price or the number of Common Shares purchasable pursuant to this Warrant would result,
                                         provided, however, that any adjustment which, except for the provisions of this section
                                         9(b), would otherwise have been required to be made, shall be carried forward and taken
                                         into account in any subsequent adjustment;

 

		(c)	the
                                         adjustments provided for in section 8 herein are cumulative and shall apply to successive
                                         subdivisions, consolidations, dividends, distributions and other events resulting in
                                         any adjustment under the provisions of such item;

 

		(d)	in
                                         the absence of a resolution of the board of directors of the Corporation fixing a record
                                         date for any dividend or distribution referred to in section 8(b)(iii) herein, the Corporation
                                         shall be deemed to have fixed as the record date therefor the date on which such dividend
                                         or distribution is effected;

 

		(e)	if
                                         the Corporation sets a record date to take any action and thereafter and before the taking
                                         of such action abandons its plan to take such action, then no adjustment to the Exercise
                                         Price will be required by reason of the setting of such record date;

 

		(f)	as
                                         a condition precedent to the taking of any action which would require any adjustment
                                         to the Warrants evidenced hereby, including the Exercise Price, the Corporation must
                                         take any corporate action which may be necessary in order that the Corporation shall
                                         have unissued and reserved in its authorized capital and may validly and legally issue
                                         as fully paid and non-assessable all of the shares or other securities which the Holder
                                         is entitled to receive on the full exercise thereof in accordance with the provisions
                                         hereof;

 

		(g)	forthwith,
                                         but no later than fourteen (14) days, after any adjustment to the Exercise Price or the
                                         number of Common Shares purchasable pursuant to the Warrants, the Corporation shall provide
                                         to the Holder a certificate of an officer of the Corporation certifying as to the amount
                                         of such adjustment and, in reasonable detail, describing the event requiring and the
                                         manner of computing or determining such adjustment;

 

		(h)	any
                                         question that at any time or from time to time arises with respect to the amount of any
                                         adjustment to the Exercise Price or other adjustment pursuant to section 8 herein shall
                                         be conclusively determined by a firm of independent chartered accountants (who may be
                                         the Corporation’s auditors) and shall be binding upon the Corporation and the Holder;

 

		(i)	any
                                         adjustment to the Exercise Price under the terms of this Warrant Certificate shall be
                                         subject to the prior approval of such other stock exchange or quotation system on which
                                         the Common Shares are then listed and posted (or quoted) for trading, as applicable;
                                         and

 

    7

     

    

 

		(j)	in
                                         case the Corporation, after the date of issue of this Warrant Certificate, takes any
                                         action affecting the Common Shares, other than an action described in section 8 herein,
                                         which in the opinion of the directors of the Corporation would materially affect the
                                         rights of the Holder, the Exercise Price will be adjusted in such manner, if any, and
                                         at such time, by action by the directors of the Corporation but subject in all cases
                                         to any necessary regulatory approval, including approval of such stock exchange or quotation
                                         system on which the Common Shares are then listed and posted (or quoted) for trading,
                                         as applicable). Failure of the taking of action by the directors of the Corporation so
                                         as to provide for an adjustment on or prior to the effective date of any action by the
                                         Corporation affecting the Common Shares will be conclusive evidence that the board of
                                         directors of the Corporation has determined that it is equitable to make no adjustment
                                         in the circumstances.

 

10. On
the happening of each and every such event set out in section 8 herein, the applicable provisions of this Warrant Certificate,
including the Exercise Price, shall, ipso facto, be deemed to be amended accordingly and the Corporation shall take all
necessary action so as to comply with such provisions as so amended.

 

11. The
Corporation shall not be required to deliver certificates for Common Shares while the share transfer books of the Corporation
are properly closed, having regard to the provisions of sections 8 and 9 herein, prior to any meeting of shareholders or for the
payment of dividends or for any other purpose and in the event of the surrender of any Warrant in accordance with the provisions
hereof and the making of any subscription and payment for the Common Shares called for thereby during any such period, delivery
of certificates for Common Shares may be postponed for not more than five (5) business days after the date of the re-opening of
said share transfer books; provided, however, that any such postponement of delivery of certificates shall be without prejudice
to the right of the Holder so surrendering the same and making payment during such period to receive after the share transfer
books shall have been re-opened such certificates for the Common Shares called for, as the same may be adjusted pursuant to sections
8 and 9 herein as a result of the completion of the event in respect of which the transfer books were closed.

 

12. Subject
as hereinafter provided, all or any of the rights conferred upon the Holder by the terms hereof may be enforced by the Holder
by appropriate legal proceedings. No recourse under or upon any obligation, covenant or agreement contained herein shall be had
against any shareholder or officer of the Corporation either directly or through the Corporation, it being expressly agreed and
declared that the obligations under the Warrants are solely corporate obligations and that no personal liability whatever shall
attach to or be incurred by the shareholders or officers of the Corporation or any of them in respect thereof, any and all rights
and claims against every such shareholder, officer or director being hereby expressly waived as a condition of and as a consideration
for the issue of the Warrants.

 

13. The
Holder may subscribe for and purchase any lesser number of Common Shares than the number of Common Shares expressed in any Warrant
Certificate. In the case of any subscription for a lesser number of Common Shares than expressed in any Warrant Certificate, the
Holder hereof shall be entitled to receive, at no cost to the Holder, a new Warrant Certificate in respect of the balance of Warrants
not then exercised. Such new Warrant Certificate shall be mailed to the Holder by the Corporation or, at its direction, the transfer
agent of the Corporation, contemporaneously with the mailing of the certificate or certificates representing the Common Shares
issued pursuant to section 5 herein.

 

    8

     

    

 

14. If
any Warrant Certificate becomes stolen, lost, mutilated or destroyed, the Corporation shall, on such terms as it may in its discretion
impose, acting reasonably, issue and sign a new Warrant Certificate of like denomination, tenor and date as the Warrant Certificate
so stolen, lost, mutilated or destroyed for delivery to the Holder. The applicant for the issue of a new Warrant Certificate pursuant
to this section shall bear the cost of the issue thereof and in the case of mutilation shall as a condition precedent to the issue
thereof, deliver to the Corporation the mutilated Warrant Certificate, and in case of loss, destruction or theft shall, as a condition
precedent to the issue thereof, furnish to the Corporation such evidence of ownership and of the loss, destruction or theft of
the Warrant Certificate so lost, destroyed or stolen as shall be satisfactory to the Corporation in its discretion and the applicant
shall also be required to furnish an indemnity and surety bond in amount and form satisfactory to the Corporation in its discretion
and shall pay the reasonable charges of the Corporation in connection therewith.

 

		15.	The
                                         Holder may transfer the Warrants represented hereby by:

 

		(a)	duly
                                         completing and executing the transfer form attached as Schedule “B” (“Transfer
                                         Form”); and

 

		(b)	surrendering
                                         this Warrant Certificate and the completed Transfer Form, together with such other documents
                                         as the Corporation may reasonably request, to the Corporation at the address set forth
                                         on the Transfer Form or such other office as may be specified by the Corporation, in
                                         a written notice to the Holder, from time to time,

 

provided
that all such transfers shall be effected in accordance with all applicable securities laws, and provided that, after such transfer,
the term “Holder” shall mean and include any transferee or assignee of the current or any future Holder. If only part
of the Warrants evidenced hereby is transferred, the Corporation will deliver to the Holder and the transferee replacement Warrant
Certificates substantially in the form of this Warrant Certificate..

 

16. Neither
the Warrants represented by this Warrant Certificate nor the Common Shares issuable upon exercise hereof have been or will be
registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), nor under
the laws of any state of the United States. Accordingly, (i) Warrants may not be exercised within the United States or by a “U.S.
person” (as defined in Rule 902(k) of Regulation S promulgated under the U.S. Securities Act) and (ii) no Common Shares
issuable upon exercise of Warrants will be delivered to any address in the United States, unless an exemption is available from
the registration requirements of the U.S. Securities Act and applicable state securities laws and the holder of such Warrants
has furnished an opinion of counsel of recognized standing or other evidence in form and substance satisfactory to the Corporation
to such effect, as applicable. The Holder acknowledges that a legend to that effect may be placed on any certificates representing
the Common Shares issued on exercise of the rights represented by this Warrant Certificate. Terms used in this paragraph have
the meanings given to them in Regulation S under the U.S. Securities Act.

 

17. Any
certificate representing Common Shares issued upon the exercise of this Warrant will bear the following legends:

 

“UNLESS
PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS
AND A DAY AFTER THE LATER OF (I) DECEMBER 31, 2018, AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR
TERRITORY OF CANADA”

 

    9

     

    

 

18. The
Corporation will maintain a register of holders of Warrants at its principal office. The Corporation may deem and treat the registered
holder of any Warrant Certificate as the absolute owner of the Warrants represented thereby for all purposes, and the Corporation
shall not be affected by any notice or knowledge to the contrary except where the Corporation is required to take notice by statute
or by order of a court of competent jurisdiction. A Holder shall be entitled to the rights evidenced by such Warrant free from
all equities or rights of set-off or counterclaim between the Corporation and the original or any intermediate holder thereof
and all persons may act accordingly and the receipt by any such Holder of the Common Shares purchasable pursuant to such Warrant
shall be a good discharge to the Corporation for the same and the Corporation shall not be bound to inquire into the title of
any such Holder except where the Corporation is required to take notice by statute or by order of a court of competent jurisdiction.

 

19. The
Corporation shall notify the Holder forthwith of any change of the Corporation’s address.

 

20. The
registered holders of Warrants shall have the power from time to time by an extraordinary resolution (as hereinafter defined):

 

		(a)	to
                                         sanction any modification, abrogation, alteration or compromise of the rights of the
                                         registered holders of Warrants against the Corporation which shall be agreed to by the
                                         Corporation; and/or

 

		(b)	to
                                         assent to any modification of or change in or omission from the provisions contained
                                         herein or in any instrument ancillary or supplemental hereto which shall be agreed to
                                         by the Corporation; and/or

 

		(c)	to
                                         restrain any registered holder of a Warrant from taking or instituting any suit or proceedings
                                         against the Corporation for the enforcement of any of the covenants on the part of the
                                         Corporation conferred upon the registered holders of Warrants by the terms of the Warrants.

 

Any
such extraordinary resolution as aforesaid shall be binding upon all the registered holders of Warrants whether or not assenting
in writing to any such extraordinary resolution, and each registered holder of any of the Warrants shall be bound to give effect
thereto accordingly. Such extraordinary resolution shall, where applicable, be binding on the Corporation which shall give effect
thereto accordingly.

 

The
Corporation shall forthwith upon receipt of an extraordinary resolution provide notice to all registered holders of Warrants of
the date and text of such resolution. The registered holders of Warrants assenting to an extraordinary resolution agree to provide
the Corporation forthwith with a copy of any extraordinary resolution passed.

 

The
expression “extraordinary resolution” when used herein shall mean a resolution assented to in writing, in one or more
counterparts, by the registered holders of Warrants calling in the aggregate for not less than seventy-five per cent (75%) of
the aggregate number of Common Shares called for by all of the Warrants which are, at the applicable time, outstanding.

 

21. All
notices to be sent hereunder shall be deemed to be validly given to the registered holders of the Warrants if delivered personally
or if sent by registered letter through the post addressed to such holders at their post office addresses appearing in the register
of Warrant holders caused to be maintained by the Corporation, and such notice shall be deemed to have been given, if delivered
personally when so delivered, and if sent by post on the fifth business day next following the post thereof.

 

    10

     

    

 

22. If
for any reason, other than the failure or default of the Holder, the Corporation is unable to issue and deliver the Common Shares
or other securities as contemplated herein to the Holder upon the proper exercise by the Holder of the right to purchase any of
the Common Shares purchasable upon exercise of the Warrants represented hereby, the Corporation may pay, at its option and in
complete satisfaction of its obligations and the rights of the Holder hereunder, to the Holder, in cash, an amount equal to the
difference between the Exercise Price and the Current Market Price of such Common Shares or other securities on the date of exercise
by the Holder, and upon such payment the Corporation shall have no liability or other obligation to the Holder relating to or
in respect of the Warrants or this Warrant Certificate.

 

23. This
Warrant Certificate shall be governed by the laws of the Province of Ontario and the federal laws of Canada applicable herein.

 

24. All
Warrants shall rank pari passu, whatever may be the actual date of issue of the same.

 

25. This
Warrant Certificate shall enure to the benefit of and shall be binding upon the Holder and the Corporation and their respective
successors and assigns.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    11

     

    

 

IN
WITNESS WHEREOF the Corporation has caused this certificate to be signed by its duly authorized officer.

 

DATED
as of the ______ day of December, 2018.

 

	 	SNOW
LAKE RESOURCES LTD.

	 	 
	 	Per:	 
	 	 	Derek Knight
	 	 	Chief Executive Officer

 

     

     

    

Schedule
“A”

 

SUBSCRIPTION
FORM

 

(TO
BE COMPLETED IF WARRANTS ARE TO BE EXERCISED)

 

		TO:	snow
                                         lake resources ltd. (the “Corporation”)

                                         c/o Foundation Markets
                                         Inc., 77 King Street West, Suite 2905, P.O. Box 121 Toronto ON M5K 1H1

 

The
undersigned hereby subscribes for common shares of Snow Lake Resources Ltd. according to the terms and conditions set forth in
the annexed Warrant Certificate (or such number of other securities or property to which such Warrant Certificate entitles the
undersigned to acquire under the terms and conditions set forth in such Warrant Certificate).

 

	Address for Delivery of Common Shares:	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Attention:	 	 
	 	 	 
	Exercise Price Tendered (Cdn$0.45 per Common Share or as adjusted)	$	 	 

 

 

By
checking the applicable line below, the undersigned represents, warrants and certifies as follows (only one of the following must
be checked):

 

		A.	☐	at the time of execution of this Subscription Form,
it (and any person named hereunder to which common shares are to be issued) (i) is not a U.S. person or a person within the United
States and is not exercising the Warrants on behalf of a U.S. person or a person within the United States; and (ii) did not execute
or deliver this Subscription Form in the United States;

 

(For
purposes hereof, “United States” and “U.S. person” shall have the meanings given to such terms in Regulation S
under the United States Securities Act of 1933 (the “U.S. Securities Act”));

 

or

 

		B.	☐	it
is furnishing herewith a written opinion of counsel of recognized standing or other evidence (which must be satisfactory to the
Company) to the effect that the common shares issuable upon exercise of the Warrants have been registered under the United States
Securities Act of 1933, as amended, and applicable state securities laws or are exempt from registration requirements thereunder.

 

Note:
The undersigned understands that unless Box A above is checked, the certificate representing the common shares will bear a legend
restricting transfer without registration under the U.S. Securities Act and applicable state securities laws unless an exemption
from registration is available.

 

Note:
Certificates representing common shares will not be registered or delivered to an address in the United States unless Box B above
is checked. If Box B is checked, any opinion or other evidence tendered must be in form and substance reasonably satisfactory
to the Corporation. Holders planning to deliver an opinion of counsel or other evidence in connection with the exercise of Warrants
should contact the Corporation in advance to determine whether any opinions or other evidence to be tendered will be acceptable
to the Corporation.

 

Dated
at __________________, this________ day of__________________ , 20___________ .

 

	 	)	 
	 	)	 
	Witness:	)	Holder’s Name
	 	)	 
	 	) 	 
	 	)	Authorized Signature
	 	 	 
	 	)	 
	 	)	Title (if applicable)
	 	)	 

  

Signature
guaranteed1:

 

 

		1.	If
the Common Shares are to be registered in a name other than the name of the registered Warrant Holder, the signature of the Warrant
Holder must be medallion guaranteed by a bank, trust company or a member of a stock exchange in Canada.

 

     

     

    

 

Schedule
“B”

 

WARRANT
TRANSFER FORM

 

FOR
VALUE RECEIVED, subject to receipt of prior written approval of SNOW LAKE RESOURCES LTD. (the
“Corporation”), the undersigned (the “Transferor”) hereby sells, assigns and transfers
unto (name) _ 
                                             
(the “Transferee”) of (residential address)
 
                                                                                                                                                                                                                              
                                                                                                                                                                                                                                
                                                                                                             
Warrants of the Corporation registered in the name of the undersigned represented by the within certificate, and irrevocably
appoints the Corporation as the attorney of the undersigned to transfer the said securities on the register of transfers for
the said Warrants, with full power of substitution.

 

Any
transfer of the Warrants references herein must comply with United States federal and state securities laws, and no such transfer
shall occur unless there is an available exemption from the registration requirements of the United States Securities Act of 1933,
as amended, and applicable state securities laws.

 

		NOTICE:	The
                                         signature of this assignment must correspond with the name as written upon the face of
                                         the certificate, in every particular, without alteration or enlargement or any change
                                         whatever, and must be guaranteed by a bank, trust company or a member of a recognized
                                         stock exchange. The guarantor must affix a stamp bearing the actual words “Signature
                                         Guaranteed”.

 

DATED
this________ day of______________ , 20______ .

 

	 	 	 
	Signature Guaranteed	 	(Signature of transferring Warrantholder)
	 	 	 
	 	 	 
	 	 	Name (please print)
	 	 	 
	 	 	 
	 	 	Address
	 	 	 
	 	 	 

 

     

     

    

 

TRANSFEREE
ACKNOWLEDGMENT

 

In
connection with this transfer (check one):

 

		☐	The
undersigned transferee hereby certifies that (i) it is not a person in the “United States” or a “U.S. person”
(each as defined in Regulation S promulgated under the United States Securities Act of 1933, as amended (the “U.S. Securities
Act”), (ii) it was not offered the Warrants while in the United States and did not execute this certificate while within
the United States, and (iii) it is not acquiring any of the Warrants represented by this Warrant Certificate by or on behalf of
any person or “U.S. person” or within the United States.

 

		☐	The
undersigned transferee is concurrently delivering a written opinion of U.S. Counsel of recognized standing or other evidence of
exemption in form and substance acceptable to the Corporation to the effect that this transfer of Warrants is exempt from the
registration requirements of the U.S. and has been made in compliance with all applicable state securities laws.

 

	 	 	 
	(Signature of Transferee)	 	 
	 	 	 
	 	 	 
	Date	 	Name of Transferee (please print)

 

The
Warrants and the common shares issuable upon exercise of the Warrants shall only be transferable in accordance with applicable
laws. The Warrants may only be exercised in the manner required by the certificate representing the Warrants and the Warrant Exercise
Form attached thereto. Any common shares acquired pursuant to this Warrant shall be subject to applicable hold periods and any
certificate representing such common shares will bear restrictive legends.Exhibit 4.4

 

UNLESS PERMITTED UNDER SECURITIES LEGISLATION,
THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER THE LATER OF (I) NOVEMBER
29, 2018, AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY OF CANADA.

 

AGENT’S COMPENSATION OPTIONS

 

	Number of Compensation Options: 160,000	Compensation Option Certificate No. COU-

01/11/18

 

SNOW LAKE RESOURCES LTD.

(Organized under the laws of the Province
of Manitoba)

 

This is to certify that, for value received,
Foundation Markets Inc. 77 King Street West Suite 2905, P.O.Box 121 Toronto Dominion Centre Toronto ON M5K 1H1, shall
have the right to purchase from Snow Lake Resources Ltd. (the “Corporation”), at any time and from time to time
up to 5:00 p.m. (Toronto time) at any time on or before the date which is the on the earlier of (i) five years after the date hereof
and (ii) two years from the completion of a Liquidity Transaction (as defined herein) (the “Expiry Time”), one
unit of the Corporation (a “Unit”) for each Compensation Option (individually, a “Compensation Option”)
represented hereby at a price of Cdn$0.25 per Unit (the “Exercise Price”), upon and subject to the terms
and conditions set forth herein. Each Unit shall be comprised of one fully paid and non-assessable common share in the capital
of the Corporation (a “Common Share”) and one-half of one common share purchase warrant (a “Warrant”),
with each whole Warrant entitling the holder thereof to purchase one additional Common Share (a “Warrant Share”)
at a price of $0.30 per share.

 

The Warrants issuable upon exercise of
the Compensation Options evidenced hereby shall be issued pursuant to and governed by a warrant certificate, the form of which
is attached hereto as Schedule “B”. The number of Ordinary Shares comprising part of each Unit (but not the number
of Warrants) which the Holder is entitled to purchase upon exercise of the Compensation Options and the Exercise Price shall be
subject to adjustment as hereinafter provided.

 

1. For the purposes of this certificate
(the “Compensation Option Certificate”), the term “Ordinary Shares” means ordinary shares
without par value in the capital of the Corporation as constituted as of the date hereof, provided that in the event of a subdivision,
redivision, reduction, combination or consolidation thereof or any other adjustment under section 8 herein, or successive such
subdivisions, redivisions, reductions, combinations, consolidations or other adjustments, then subject to the adjustments, if any,
having been made in accordance with the provisions of this Compensation Option Certificate, “Ordinary Shares” shall
thereafter mean the shares, other securities or other property resulting from such subdivision, redivision, reduction, combination
or consolidation or other adjustment.

 

2. All Compensation Option Certificates
shall be signed by an officer of the Corporation holding office at the time of signing, or any successor or replacement of such
person and notwithstanding any change in any of the persons holding said offices between the time of actual signing and the delivery
of the Compensation Option Certificate, the Compensation Option Certificate so signed shall be valid and binding upon the Corporation.

 

3. All rights under any of the Compensation
Option Ce1iificates in respect of which the right of subscription and purchase therein provided for shall not theretofore have
been exercised shall wholly cease and such Compensation Option Certificates and the Compensation Options evidenced thereby shall
be wholly void and of no valid or binding effect after the Expiry Time.

 

     

     

    

 

4. The right to purchase Units pursuant
to the Compensation Options may only be exercised by the Holder at or before the Expiry Time by:

 

		(a)	duly completing and executing a subscription substantially
in the form attached as Schedule “A” (the “Subscription Form”), in the manner therein indicated;
and

 

		(b)	surrendering this Compensation Option Ce1tificate and
the duly completed and executed Subscription Form to the Corporation prior to the Expiry Time at its head office at c/o Foundation
Markets Inc., 77 King Street West, Suite 2905, P.O. Box 121 Toronto ON M5K 1 H1, together with payment of the purchase price for
the Units subscribed for in the form of cash or a certified cheque payable to the Corporation in an amount equal to the then applicable
Exercise Price multiplied by the number of Units subscribed for.

 

5. Upon delivery and payment as set forth
in section 4 herein, the Corporation shall cause to be issued to the Holder the number of Units subscribed for by the Holder and
the Holder shall become a shareholder of the Corporation in respect of the Ordinary Shares comprised in such Units with effect
from the date of such delivery and payment and shall be entitled to delivery of certificates evidencing the Ordinary Shares and
Warrants comprising the Units. The Corporation shall cause such ce1tificates to be mailed to the Holder at the address or addresses
specified in the Subscription Form within five (5) business days of such delivery and payment as set forth in section 4 herein
or, if so instructed by the Holder, held for pick-up by the Holder at the principal office of the Corporation. Notwithstanding
any adjustment provided for in section 8 herein, the Corporation shall not be required upon the exercise of any Compensation Options
to issue fractional Ordinary Shares or Warrants in satisfaction of its obligations hereunder and the Holder understands and agrees
that it will not be entitled to any cash payment or other form of compensation in respect of a fractional Ordinary Share or Warrant
that might otherwise have been issued.

 

6. The holding of a Compensation Option
shall not constitute the Holder a shareholder of the Corporation nor entitle him to any right or interest in respect thereof except
as herein expressly provided.

 

7. The Corporation covenants and agrees
that until the Expiry Time, while any of the Compensation Options shall be outstanding, it shall reserve and there shall remain
unissued out of its authorized capital a sufficient number of Ordinary Shares to satisfy the right of purchase herein provided,
as such right of purchase may be adjusted pursuant to sections 8 and 9 herein. The Corporation fmiher covenants and agrees that
while any of the Compensation Options shall be outstanding, the Corporation shall (a) comply with the securities legislation applicable
to it in order that the Corporation not be in default of any requirements of such legislation; (b) use its commercially reasonable
best efforts to do or cause to be done all things necessary to preserve and maintain its corporate existence; and (c) at its own
expense expeditiously use its commercially reasonable best effo1ts to obtain the listing of such Ordinary Shares (subject to issue
or notice of issue) on each stock exchange or over-the-counter market on which the Ordinary Shares may be listed from time to time.
All Ordinary Shares which shall be issued upon the exercise of the right to purchase herein provided for, upon payment therefor
of the amount at which such Ordinary Shares may at the time be purchased pursuant to the provisions hereof, shall be issued as
fully paid and non-assessable shares and the holders thereof shall not be liable to the Corporation or its creditors in respect
thereof.

 

    - 2 -

     

    

 

	8.	(a)	For the purpose of this section 8, unless there is something in the subject matter or context inconsistent therewith, the words and terms defined below shall have the respective meanings specified therefor:

 

“Current Market Price” of
the Ordinary Shares at any date means the price per share equal to the weighted average price at which the Ordinary Shares have
traded on the TSX Venture Exchange (the “TSXV”) or, if the Ordinary Shares
are not then listed on the TSXV, on such other Canadian stock exchange on which the shares trade as may be selected by the directors
of the Corporation for such purpose or, if the Ordinary Shares are not then listed on any Canadian stock exchange, in the over-the-counter
market, during the period of any twenty consecutive trading days ending not more than five (5) business days before such date;
provided that the weighted average price shall be determined by dividing the aggregate sale price of all Ordinary Shares sold on
the said exchange or market, as the case may be, during the said twenty consecutive trading days by the total number of Ordinary
Shares so sold; and provided further that if the Ordinary Shares are not then listed on any Canadian stock exchange or traded in
the over-the counter market, then the Current Market Price shall be determined by such firm of independent chartered accountants
as may be selected by the directors of the Corporation;

 

“director” means a director
of the Corporation for the time being and, unless otherwise specified herein, a reference to action “by the directors”
means action by the directors of the Corporation as a board or, whenever empowered, action by the executive committee of such board;
and

 

“trading day” with respect
to a stock exchange or over-the-counter market means a day on which such stock exchange or market is open for business.

 

		(b)	If and whenever at any time after the date hereof and
prior to the Expiry Time the Corporation shall (i) subdivide or redivide its then outstanding Ordinary Shares into a greater number
of Ordinary Shares, (ii) reduce, combine or consolidate its then outstanding Ordinary Shares into a lesser number of Ordinary
Shares or (iii) issue Ordinary Shares (or securities exchangeable for or convertible into Ordinary Shares) to the holders of all
or substantially all of its then outstanding Ordinary Shares by way of a stock dividend or other distribution (any of such events
herein called an “Ordinary Share Reorganization”), then the Exercise Price shall be adjusted effective immediately
after the effective date of any such event in (i) or (ii) above or the record date at which the holders of Ordinary Shares are
determined for the purpose of any such dividend or distribution in (iii) above, as the case may be, by multiplying the Exercise
Price in effect on such effective date or record date, as the case may be, by a fraction, the numerator of which shall be the
number of Ordinary Shares outstanding on such effective date or record date, as the case may be, before giving effect to such
Ordinary Share Reorganization and the denominator of which shall be the number of Ordinary Shares outstanding immediately after
giving effect to such Ordinary Share Reorganization including, in the case where securities exchangeable for or convertible into
Ordinary Shares are distributed, the number of Ordinary Shares that would be outstanding if such securities were exchanged for
or converted into Ordinary Shares.

 

    - 3 -

     

    

 

		(c)	If at any time after the date hereof and prior to the
Expiry Time the Corporation shall fix a record date for the issue or distribution to the holders of all or substantially all of
the outstanding Ordinary Shares, of rights, options or warrants pursuant to which such holders are entitled, during a period expiring
not more than 45 days after the record date for such issue (such period being the “Rights Period”), to subscribe
for or purchase Ordinary Shares or securities exchangeable for or conve1iible into Ordinary Shares at a price per share (or in
the case of securities exchangeable for or convertible into Ordinary Shares at an exchange or conversion price per share at the
date of issue of such securities) of less than 95% of the Current Market Price of the Ordinary Shares on such record date (any
of such events being herein called a “Rights Offering”), the Exercise Price shall be adjusted effective immediately
after the record date for the Rights Offering to the amount determined by multiplying the Exercise Price in effect on such record
date by a fraction:

 

		(i)	the numerator of which shall be the aggregate of

 

		(A)	the number of Ordinary Shares outstanding on the record
date for the Rights Offering; and

 

		(B)	the quotient determined by dividing

 

		(I)	either (a) the product of the number of Ordinary Shares
offered during the Rights Period pursuant to the Rights Offering and the price at which such Ordinary Shares are offered, or,
(b) the product of the exchange or conversion price of the securities so offered and the number of Ordinary Shares for or into
which the securities offered pursuant to the Rights Offering may be exchanged or converted, as the case may be, by

 

		(IT)	the Current Market Price of the Ordinary Shares as of
the record date for the Rights Offering; and

 

		(ii)	the denominator of which shall be the aggregate of the
number of Ordinary Shares outstanding on such record date and the number of Ordinary Shares offered pursuant to the Rights Offering
(including in the case of the issue or distribution of securities exchangeable for or convertible into Ordinary Shares the number
of Ordinary Shares for or into which such securities may be exchanged or conve1ied).

 

If by
the terms of the rights, options, or warrants referred to in this section 8(c), there is more than one purchase, conversion or
exchange price per Ordinary Share, the aggregate price of the total number of additional Ordinary Shares offered for subscription
or purchase, or the aggregate conversion or exchange price of the conve1iible or exchangeable securities so offered, shall be calculated
for purposes of the adjustment on the basis of the lowest purchase, conversion or exchange price per Ordinary Share, as the case
may be. Any Ordinary Shares owned by or held for the account of the Corporation shall be deemed not to be outstanding for the purpose
of any such calculation. To the extent that any adjustment in the Exercise Price occurs pursuant to this section 8(c) as a result
of the fixing by the Corporation of a record date for the issue or distribution of rights, options or warrants referred to in this
section 8(c), the Exercise Price shall be readjusted immediately after the expiry of any relevant exchange, conversion or exercise
right to the Exercise Price which would then be in effect based upon the number of Ordinary Shares actually issued and remaining
issuable after such expiry and shall be fmiher readjusted in such manner upon the expiry of any further such right.

 

    - 4 -

     

    

 

		(d)	If at any time after the date hereof and prior to the
Expiry Time, the Corporation shall fix a record date for the issue or distribution to the holders of all or substantially all
of the Ordinary Shares of:

 

		(i)	shares of the Corporation of any class other than Ordinary
Shares;

 

		(ii)	rights, options or warrants to acquire Ordinary Shares
or securities exchangeable for or convertible into Ordinary Shares (other than rights, options or warrants pursuant to which holders
of Ordinary Shares are entitled, during a period expiring not more than 45 days after the record date for such issue, to subscribe
for or purchase Ordinary Shares at a price per share (or in the case of securities exchangeable for or convertible into Ordinary
Shares at an exchange or conversion price per share at the date of issue of such securities) of at least 95% of the Current Market
Price of the Ordinary Shares on such record date);

 

		(iii)	evidences of indebtedness of the Corporation; or

 

		(iv)	any property or assets of the Corporation (including
cash, but excluding cash dividends paid in the ordinary course);

 

and if such issue or distribution does
not constitute a Ordinary Share Reorganization or a Rights Offering (any of such non-excluded events being herein called a “Special
Distribution”), the Exercise Price shall be adjusted effective immediately after the record date for the Special Distribution
to the amount determined by multiplying the Exercise Price in effect on the record date for the Special Distribution by a fraction:

 

		(A)	the numerator of which shall be the difference between

 

		(I)	the product of the number of Ordinary Shares outstanding
on such record date and the Current Market Price of the Ordinary Shares on such record date, and

 

		(II)	the fair value, as determined by the directors of the
Corporation, to the holders of the Ordinary Shares of the shares, rights, options, warrants, evidences of indebtedness or property
or assets to be issued or distributed in the Special Distribution, and

 

		(B)	the denominator of which shall be the product obtained
by multiplying the number of Ordinary Shares outstanding on such record date by the Current Market Price of the Ordinary Shares
on such record date.

 

    - 5 -

     

    

 

Any Ordinary Shares owned by or held for
the account of the Corporation shall be deemed not to be outstanding for the purpose of such calculation. To the extent that any
adjustment in the Exercise Price occurs pursuant to this section 8(d) as a result of the fixing by the Corporation of a record
date for the issue or distribution of rights, options or warrants to acquire Ordinary Shares or securities exchangeable for or
convertible into Ordinary Shares referred to in this section 8(d), the Exercise Price shall be readjusted immediately after the
expiry of any relevant exercise, exchange or conversion right to the amount which would then be in effect if the fair market value
had been determined on the basis of the number of Ordinary Shares issued and remaining issuable immediately after such expiry,
and shall be further readjusted in such manner upon the expiry of any further such right.

 

		(e)	If and whenever at any time after the date hereof and
prior to the Expiry Time there is a capital reorganization of the Corporation or a reclassification or other change in the Ordinary
Shares (other than a Ordinary Share Reorganization) or a consolidation or merger or amalgamation of the Corporation with or into
any other corporation or other entity (other than a consolidation, merger or amalgamation which does not result in any reclassification
of the outstanding Ordinary Shares or a change of the Ordinary Shares into other securities), or a transfer of all or substantially
all of the Corporation’s unde1iaking and assets to another corporation or other entity in which the holders of Ordinary
Shares are entitled to receive shares, other securities or other property (any of such events being called a “Capital
Reorganization”), after the effective date of the Capital Reorganization the Holder shall be entitled to receive, and
shall accept, for the same aggregate consideration, upon exercise of the Compensation Options, in lieu of the number of Ordinary
Shares to which the Holder was theretofore entitled upon the exercise of the Compensation Options, the kind and aggregate number
of Ordinary Shares and other securities or property resulting from the Capital Reorganization which the Holder would have been
entitled to receive as a result of the Capital Reorganization if, on the effective date thereof, the Holder has been the registered
holder of the number of Ordinary Shares to which the Holder was theretofore entitled to purchase or receive upon the exercise
of the Compensation Options. If necessary, as a result of any Capital Reorganization, appropriate adjustments shall be made in
the application of the provisions of this Compensation Option Certificate with respect to the rights and interest thereafter of
the Holder to the end that the provisions of this Compensation Option Certificate shall thereafter correspondingly be made applicable
as nearly as may reasonably be possible in relation to any shares or other securities or prope1iy thereafter deliverable upon
the exercise of this Compensation Option Ce1iificate.

 

		(t)	If and whenever at any time after the date hereof and
prior to the Expiry Time, any of the events set out in sections 8 (b), (c), (d) or (e) herein shall occur and the occurrence of
such event results in an adjustment of the Exercise Price pursuant to the provisions of this section 8, then the number of Ordinary
Shares purchasable pursuant to the Compensation Options shall be adjusted contemporaneously with the adjustment of the Exercise
Price by multiplying the number of Ordinary Shares then otherwise purchasable on the exercise thereof by a fraction, the numerator
of which shall be the Exercise Price in effect immediately prior to the adjustment and the denominator of which shall be the Exercise
Price resulting from such adjustment.

 

    - 6 -

     

    

 

		(g)	If the Corporation takes any action affecting its Ordinary
Shares to which the foregoing provisions of this section 8, in the opinion of the board of directors of the Corporation, acting
in good faith, are not strictly applicable, or if strictly applicable would not fairly adjust the rights of the Holder against
dilution in accordance with the intent and purposes hereof, or would otherwise materially affect the rights of the Holder hereunder,
then the Corporation shall, subject to the approval of the TSXV (or such other stock exchange or quotation system on which the
Ordinary Shares are then listed and posted (or quoted) for trading, as applicable), execute and deliver to the Holder an amendment
hereto providing for an adjustment in the application of such provisions so as to adjust such rights as aforesaid in such manner
as the board of directors of the Corporation may determine to be equitable in the circumstances, acting in good faith. The failure
of the taking of action by the board of directors of the Corporation to so provide for any adjustment on or prior to the effective
date of any action or occurrence giving rise to such state of facts will be conclusive evidence that the board of directors has
determined that it is equitable to make no adjustment in the circumstances.

 

		(h)	For greater certainty, the number of Warrants comprising
part of each Unit issuable upon the exercise of each Compensation Option will not be adjusted pursuant to the provisions of this
section 8 and sections 9 and 10.

 

9. The following rules and procedures shall
be applicable to the adjustments made pursuant to section 8 herein:

 

		(a)	any Ordinary Shares owned or held by or for the account
of the Corporation shall be deemed not be to outstanding except that, for the purposes of section 8 herein, any Ordinary Shares
owned by a pension plan or profit sharing plan for employees of the Corporation or any of its subsidiaries shall not be considered
to be owned or held by or for the account of the Corporation;

 

		(b)	no adjustment in the Exercise
Price or the number of Ordinary Shares purchasable pursuant to this Compensation Options shall be required unless a change of
at least 1% of the prevailing Exercise Price or the number of Ordinary Shares purchasable
pursuant to this Compensation Options would result, provided, however, that any adjustment which, except for the provisions of
this section 9(b), would otherwise have been required to be made, shall be carried forward and taken into account in any subsequent
adjustment;

 

		(c)	the adjustments provided for in section 8 herein are
cumulative and shall apply to successive subdivisions, consolidations, dividends, distributions and other events resulting in
any adjustment under the provisions of such section;

 

		(d)	in the absence of a resolution of the board of directors
of the Corporation fixing a record date for any dividend or distribution referred to in section 8(b)(iii) herein, the Corporation
shall be deemed to have fixed as the record date therefor the date on which such dividend or distribution is effected;

 

		(e)	if the Corporation sets a record date to take any action
and thereafter and before the taking of such action abandons its plan to take such action, then no adjustment to the Exercise
Price will be required by reason of the setting of such record date;

 

    - 7 -

     

    

 

		(f)	as a condition precedent to the taking of any action
which would require any adjustment to the Compensation Options evidenced hereby, including the Exercise Price, the Corporation
must take any corporate action which may be necessary in order that the Corporation shall have unissued and reserved in its authorized
capital and may validly and legally issue as fully paid and non-assessable all of the shares or other securities which the Holder
is entitled to receive on the full exercise thereof in accordance with the provisions hereof;

 

		(g)	forthwith, but no later than fourteen (14) days, after
any adjustment to the Exercise Price or the number of Ordinary Shares purchasable pursuant to the Compensation Options, the Corporation
shall provide to the Holder a certificate of an officer of the Corporation certifying as to the amount of such adjustment and,
in reasonable detail, describing the event requiring and the manner of computing or determining such adjustment;

 

		(h)	any question that at any time or from time to time arises
with respect to the amount of any adjustment to the Exercise Price or other adjustment pursuant to section 8 herein shall be conclusively
determined by a firm of independent chartered accountants (who may be the Corporation’s auditors) and shall be binding upon
the Corporation and the Holder;

 

		(i)	any adjustment to the Exercise Price under the terms
of this Compensation Option Certificate shall be subject to the prior approval of the TSXV (or such other stock exchange or quotation
system on which the Ordinary Shares are then listed and posted (or quoted) for trading, as applicable); and

 

		U)	in case the Corporation, after the date of issue of this
Compensation Option Certificate, takes any action affecting the Ordinary Shares, other than an action described in section 8 herein,
which in the opinion of the directors of the Corporation would materially affect the rights of the Holder, the Exercise Price
will be adjusted in such manner, if any, and at such time, by action by the directors of the Corporation but subject in all cases
to any necessary regulatory approval, including approval of the TSXV (or such other stock exchange or quotation system on which
the Ordinary Shares are then listed and posted (or quoted) for trading, as applicable). Failure of the taking of action by the
directors of the Corporation so as to provide for an adjustment on or prior to the effective date of any action by the Corporation
affecting the Ordinary Shares will be conclusive evidence that the board of directors of the Corporation has determined that it
is equitable to make no adjustment in the circumstances.

 

10. On the happening of each and every
such event set out in section 8 herein, the applicable provisions of this Compensation Option Certificate, including the Exercise
Price, shall, ipso facto, be deemed to be amended accordingly and the Corporation shall take all necessary action so as
to comply with such provisions as so amended.

 

    - 8 -

     

    

 

11. The Corporation
shall not be required to deliver certificates for Ordinary Shares or Warrants while the share transfer books of the Corporation
are properly closed, having regard to the provisions of sections 8 and 9 herein, prior to any meeting of shareholders or for the
payment of dividends or for any other purpose and in the event of the surrender of any Compensation Option in accordance with the
provisions hereof and the making of any subscription and payment for the Units called for thereby during any such period,
delivery of certificates for Ordinary Shares or Warrants may be postponed for not more than five (5) business days after the date
of the re-opening of said share transfer books; provided, however, that any such postponement of delivery of ce1iificates shall
be without prejudice to the right of the Holder so surrendering the same and making payment during such period to receive after
the share transfer books shall have been re-opened such certificates for the Ordinary Shares or Warrants called for, as the same
may be adjusted pursuant to sections 8 and 9 herein as a result of the completion of the event in respect of which the transfer
books were closed.

 

12. Subject as hereinafter provided, all
or any of the rights conferred upon the Holder by the terms hereof may be enforced by the Holder by appropriate legal proceedings.
No recourse under or upon any obligation, covenant or agreement contained herein shall be had against any shareholder or officer
of the Corporation either directly or through the Corporation, it being expressly agreed and declared that the obligations under
the Compensation Options are solely corporate obligations and that no personal liability whatever shall attach to or be incurred
by the shareholders or officers of the Corporation or any of them in respect thereof, any and all rights and claims against every
such shareholder, officer or director being hereby expressly waived as a condition of and as a consideration for the issue of the
Compensation Options.

 

13. The Holder
may subscribe for and purchase any lesser number of Units than the number of Units expressed in any Compensation Option Ce1iificate.
In the case of any subscription for a lesser number of Units than expressed in any Compensation Option Certificate, the Holder
hereof shall be entitled to receive, at no cost to the Holder, a new Compensation Option Certificate in respect of the balance
of Compensation Options not then exercised. Such new Compensation Option Ce1iificate shall be mailed to the Holder by the Corporation
or, at its direction, the transfer agent of the Corporation, contemporaneously with the mailing of the ce1iificate or ce1iificates
representing the Ordinary Shares and Warrants issued pursuant to section 5 herein.

 

14. If any
Compensation Option Ce1iificate becomes stolen, lost, mutilated or destroyed, the Corporation shall, on such terms as it may in
its discretion impose, acting reasonably, issue and sign a new Compensation Option Certificate of like denomination, tenor and
date as the Compensation Option Ce1iificate so stolen, lost, mutilated or destroyed for delivery to the Holder. The applicant for
the issue of a new Compensation Option Certificate pursuant to this section shall bear the cost of the issue thereof and in the
case of mutilation shall as a condition precedent to the issue thereof, deliver to the Corporation the mutilated Compensation Option
Certificate, and in case of loss, destruction or theft shall, as a condition precedent to the issue thereof, furnish to the Corporation
such evidence of ownership and of the loss, destruction or theft of the Compensation Option Ce1iificate so lost, destroyed or stolen
as shall be satisfactory to the Corporation in its discretion and the applicant shall also be required to furnish an indemnity
and surety bond in amount and form satisfactory to the Corporation in its discretion and shall pay the reasonable charges of the
Corporation in connection therewith.

 

15. The Holder
may not transfer or assign the Compensation Options represented hereby.

 

16. Neither
the Compensation Options represented by this Compensation Option Certificate nor the Ordinary Shares issuable upon exercise hereof
have been or will be registered under the United States Securities Act of 1933, as amended
(the “1933 Act”) nor under the laws of any state of the United States. Subject
to certain limited exceptions, (i) Compensation Options may not be exercised within the United States and (ii) no Ordinary Shares
issuable upon exercise of Compensation Options will be delivered to any address in the United States. The Holder acknowledges that
a legend to that effect may be placed on any certificates representing the Ordinary Shares issued on exercise of the rights
represented by this Compensation Option Ce1tificate. Terms used in this paragraph have the meanings given to them in Regulation
Sunder the 1933 Act.

 

    - 9 -

     

    

 

17. Any certificate representing Ordinary
Shares or Warrants issued upon the exercise of this Compensation Option prior to the date which is four months and one day after
the date hereof will bear the following legends:

 

“UNLESS PERMITTED UNDER SECURITIES
LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER THE LATER
OF (I) NOVEMBER 29, 2018, AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY OF CANADA.”

 

18. The Corporation will maintain a register
of holders of Compensation Options at its principal office. The Corporation may deem and treat the registered holder of any Compensation
Option Ce1tificate as the absolute owner of the Compensation Options represented thereby for all purposes, and the Corporation
shall not be affected by any notice or knowledge to the contrary except where the Corporation is required to take notice by statute
or by order of a court of competent jurisdiction. A Holder shall be entitled to the rights evidenced by such Compensation Option
free from all equities or rights of set-off or counterclaim between the Corporation and the original or any intermediate holder
thereof and all persons may act accordingly and the receipt by any such Holder of the Ordinary Shares and Warrants purchasable
pursuant to such Compensation Option shall be a good discharge to the Corporation for the same and the Corporation shall not be
bound to inquire into the title of any such Holder except where the Corporation is required to take notice by statute or by order
of a court of competent jurisdiction.

 

19. The Corporation shall notify the Holder
fo1thwith of any change of the Corporation’s address.

 

20. All notices to be sent hereunder shall
be deemed to be validly given to the registered holders of the Compensation Options if delivered personally or if sent by registered
letter through the post addressed to such holders at their post office addresses appearing in the register of Compensation Option
holders caused to be maintained by the Corporation, and such notice shall be deemed to have been given, if delivered personally
when so delivered, and if sent by post on the fifth business day next following the post thereof.

 

21. If
for any reason, other than the failure or default of the Holder, the Corporation is unable to issue
and deliver the Units or other securities as contemplated herein to the Holder upon the proper exercise by the Holder of the right
to purchase any of the Units purchasable upon exercise of the Compensation Options represented hereby, the Corporation may pay,
at its option and in complete satisfaction of its obligations and the rights of the Holder hereunder, to the Holder, in cash, an
amount equal to the difference between the Exercise Price and the Current Market Price of such Units or other securities on the
date of exercise by the Holder, and upon such payment the Corporation shall have no liability or other obligation to the Holder
relating to or in respect of the Compensation Options or this Compensation Option Ce1tificate.

 

22. This Compensation Option Ce1tificate
shall be governed by the laws of the Province of Ontario and the federal laws of Canada applicable herein.

 

23. All Compensation Options shall
rank pari passu, whatever may be the actual date of issue of the same.

 

24. This Compensation Option Certificate
shall enure to the benefit of and shall be binding upon the Holder and the Corporation and their respective successors and assigns.

 

[REMAINDER OF PAGE LEFT BLANK INTENTIONALLY]

 

    - 10 -

     

    

 

IN WITNESS WHEREOF
the Corporation has caused this certificate to be signed by its duly authorized officer.

 

DATED as of the 29th
day of November, 2018.

 

	 	SNOW LAKE RESOURCES LTD.
	 	 
	 	Per:	/s/ Derek Knight
	 	 	Derek Knight
	 	 	Chief Executive Officer

 

    - 11 -

     

    

 

Schedule “A”

 

SUBSCRIPTION FORM

 

TO BE COMPLETED IF COMPENSATION OPTIONS
ARE TO BE EXERCISED:

 

TO: SNOW LAKE RESOURCES LTD. (THE “CORPORATION”)

c/o Foundation Markets Inc., 77 King Street
West, Suite 2905, P.O. Box 121 Toronto ON M5K 1H1

 

The undersigned hereby subscribes for ________________
Units of Snow Lake Resources Ltd. according to the terms and conditions set forth in the annexed Compensation Option Certificate
(or such number of other securities or property to which such Compensation Option Certificate entitles the undersigned to acquire
under the terms and conditions set forth in such Compensation Option Certificate).

 

	Address for Delivery of Units:	________________________________________
	 	 
	 	________________________________________
	 	 
	 	________________________________________
	 	 
	 	Attention: ________________________________

 

	Exercise Price Tendered (Cdn.$0.25 Per Unit or as adjusted)	$____________________________

 

Dated at _______________ this____ day of
____________ 20______

 

	 	 	)	 
	 	 	)	________________________________________
	 	WITNESS:	)	HOLDER’S NAME
	 	 	)	 
	 	 	)	________________________________________
	 	 	)	AUTHORIZED SIGNATURE
	 	 	)	 
	 	 	)	________________________________________
	 	 	)	TITLE {IF APPLICABLE)

 

Signature guaranteed1:

 

 

		1.	If the Units are to be registered in a name other than
the name of the registered Compensation Option Holder, the signature of the Compensation Option Holder must be medallion guaranteed
by a bank, trust company or a member of a stock exchange in Canada.

 

    - 12 -

     

    

 

Schedule “B”

 

FORM OF WARRANT

 

UNLESS PERMITTED UNDER SECURITIES LEGISLATION,
THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER THE LATER OF (I) NOVEMBER
29, 2018, AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY OF CANADA.

 

WARRANT

 

for the purchase of common shares of

 

SNOW LAKE RESOURCES LTD.

(Organized under the laws of the Province
of Manitoba)

 

	Number of Warrants: ●	Warrant Certificate No. WA-18/11/●

 

This is to ce1iify that, for value received,
• (the “Holder”), shall have the right to purchase from SNOW LAKE RESOURCES LTD. (the “Corporation”),
at any time and from time to time up to 5:00 p.m. (Toronto time) on the earlier of (i) five years after the date hereof and
(ii) two years from the completion of a Liquidity Transaction (as defined herein) (the “Expiry Time”), one fully
paid and non-assessable common share in the capital of the Corporation for each Warrant (individually, a “Warrant”)
represented hereby at a price of Cdn$0.30 per share (the “Exercise Price”), upon and subject to the terms
and conditions set forth herein.

 

For the purposes of this certificate a
“Liquidity Transaction” means (i) a business combination between the Corporation and a public company pursuant to a
reverse take-over, merger, amalgamation, arrangement, take-over bid, insider bid, reorganization, joint venture, sale or exchange
of assets or similar transaction; or (ii) an initial public offering of the Corporation

 

		1.	For the purposes of this Warrant Certificate, the term
“Common Shares” means common shares in the capital of the Corporation as constituted as of the date hereof,
provided that in the event of a subdivision, redivision, reduction, combination or consolidation thereof or any other adjustment
under section 8 herein, or successive such subdivisions, redivisions, reductions, combinations, consolidations or other adjustments,
then subject to the adjustments, if any, having been made in accordance with the provisions of this Warrant Certificate, “Common
Shares” shall thereafter mean the shares, other securities or other property resulting from such subdivision, redivision,
reduction, combination or consolidation or other adjustment.

 

		2.	All Warrant Certificate, shall be signed by an officer
of the Corporation holding office at the time of signing, or any successor or replacement of such person and notwithstanding any
change in any of the persons holding said offices between the time of actual signing and the delivery of the Warrant Certificate,
the Warrant Ce1iificate so signed shall be valid and binding upon the Corporation.

 

		3.	All rights under any of the Warrants in respect of which
the right of subscription and purchase therein provided for shall not theretofore have been exercised shall wholly cease and such
Warrants shall be wholly void and of no valid or binding effect after the Expiry Time.

 

		4.	The right to purchase Common Shares of the Corporation
pursuant to the Warrants may only be exercised by the Holder at or before the Expiry Time by:

 

		(a)	duly completing and executing a subscription substantially
in the form attached as Schedule “A” (the “Subscription Form”), in the manner therein indicated;
and

 

    - 13 -

     

    

 

		(b)	surrendering this Warrant Certificate and the duly completed
and executed Subscription Form to the Corporation prior to the Expiry Time at its head office at c/o Foundation Markets Inc.,
77 King Street West, Suite 2905, P.O. Box 121 Toronto ON M5K IHI, together with payment of the purchase price for the Common Shares
subscribed for in the form of cash or a certified cheque payable to the Corporation in an amount equal to the then applicable
Exercise Price multiplied by the number of Common Shares subscribed for.

 

		5.	Upon delivery and payment
as set fo1ih in section 4 herein, the Corporation shall cause to be issued to the Holder the number of Common Shares subscribed
for by the Holder and the Holder shall become a shareholder of the Corporation in respect of such Common Shares with effect from
the date of such delivery and payment and shall be entitled to delivery of a ce1iificate or ce1iificates evidencing such shares.
The Corporation shall cause such certificate or certificates to be mailed to the Holder at the address or addresses specified
in the Subscription Form within five (5) business days of such delivery and payment as set fo1ih in section 4 herein or, if so
instructed by the Holder, held for pick-up by the Holder at the principal office of the Corporation. Notwithstanding any adjustment
provided for in section 8 herein, the Corporation shall not be required upon the exercise of any Warrants to issue fractional
Common Shares in satisfaction of its obligations hereunder and the Holder understands and agrees that it will
not be entitled to any cash payment or other form of compensation in respect of a fractional Common Share that might otherwise
have been issued.

 

		6.	The holding of a Warrant shall not constitute the Holder
a shareholder of the Corporation nor entitle him to any right or interest in respect thereof except as herein expressly provided.

 

		7.	The Corporation covenants and agrees that until the Expiry
Time, while any of the Warrants shall be outstanding, it shall reserve and there shall remain unissued out of its authorized capital
a sufficient number of Common Shares to satisfy the right of purchase herein provided, as such right of purchase may be adjusted
pursuant to sections 8 and 9 herein. The Corporation fmiher covenants and agrees that while any of the Warrants shall be outstanding,
the Corporation shall (a) comply with the securities legislation applicable to it in order that the Corporation not be in default
of any requirements of such legislation; (b) use its commercially reasonable best efforts to do or cause to be done all things
necessary to preserve and maintain its corporate existence; and (c) at its own expense expeditiously use its commercially reasonable
best effo1is to obtain the listing of such Common Shares (subject to issue or notice of issue) on each stock exchange or over-the-counter
market on which the Corporation’s Common Shares may be listed from time to time. All Common Shares which shall be issued
upon the exercise of the right to purchase herein provided for, upon payment therefor of the amount at which such Common Shares
may at the time be purchased pursuant to the provisions hereof, shall be issued as fully paid and non-assessable shares and the
holders thereof shall not be liable to the Corporation or its creditors in respect thereof.

 

	8.	(a)	For the purpose of this section 8, unless there is something in the subject matter or context inconsistent therewith, the words and terms defined below shall have the respective meanings specified therefor:

 

“Current Market Price”
of the Common Shares at any date means the price per share equal to the weighted average price at which the Common Shares
have traded on such other stock exchange on which the shares trade as may be selected by the directors of the Corporation for
such purpose or, if the Common Shares are not then listed on any stock exchange, in the over-the-counter market, during the period
of any twenty consecutive trading days ending not more than five (5) business days before such date; provided that the weighted
average price shall be determined by dividing the aggregate sale price of all Common Shares sold on the said exchange or market,
as the case may be, during the said twenty consecutive trading days by the total number of Common Shares so sold; and provided
further that if the Common Shares are not then listed on any stock exchange or traded in the over-the counter market, then the
Current Market Price shall be determined by such firm of independent chartered accountants as may be selected by the directors
of the Corporation;

    - 14 -

     

    

 

“director” means a director
of the Corporation for the time being and, unless otherwise specified herein, a reference to action “by the directors”
means action by the directors of the Corporation as a board or, whenever empowered, action by the executive committee of such board;
and

 

“trading day” with respect
to a stock exchange or over-the-counter market means a day on which such stock exchange or market is open for business.

 

		(b)	If and whenever at any time after November 29, 2018 and
prior to the Expiry Time the Corporation shall (i) subdivide or redivide its then outstanding Common Shares into a greater number
of Common Shares, (ii) reduce, combine or consolidate its then outstanding Common Shares into a lesser number of Common Shares
or (iii) issue Common Shares (or securities exchangeable for or convertible into Common Shares) to the holders of all or substantially
all of its then outstanding Common Shares by way of a stock dividend or other distribution (any of such events herein called a
“Common Share Reorganization”), then the Exercise Price shall be adjusted effective immediately after the effective
date of any such event in (i) or (ii) above or the record date at which the holders of Common Shares are determined for the purpose
of any such dividend or distribution in (iii) above, as the case may be, by multiplying the Exercise Price in effect on such effective
date or record date, as the case may be, by a fraction, the numerator of which shall be the number of Common Shares outstanding
on such effective date or record date, as the case may be, before giving effect to such Common Share Reorganization and the denominator
of which shall be the number of Common Shares outstanding immediately after giving effect to such Common Share Reorganization
including, in the case where securities exchangeable for or convertible into Common Shares are distributed, the number of Common
Shares that would be outstanding if such securities were exchanged for or converted into Common Shares.

 

		(c)	If at any time after November 29, 2018 and prior to the
Expiry Time the Corporation shall fix a record date for the issue or distribution to the holders of all or substantially all of
the outstanding Common Shares, of rights, options or warrants pursuant to which such holders are entitled, during a period expiring
not more than 45 days after the record date for such issue (such period being the “Rights Period”), to subscribe
for or purchase Common Shares or securities exchangeable for or convertible into Common Shares at a price per share (or in the
case of securities exchangeable for or convertible into Common Shares at an exchange or conversion price per share at the date
of issue of such securities) of less than 95% of the Current Market Price of the Common Shares on such record date (any of such
events being herein called a “Rights Offering”), the Exercise Price shall be adjusted effective immediately
after the record date for the Rights Offering to the amount determined by multiplying the Exercise Price in effect on such record
date by a fraction:

 

		(i)	the numerator of which shall be the aggregate of

 

		(A)	the number of Common Shares outstanding on the record
date for the Rights Offering; and

 

    - 15 -

     

    

 

		(B)	the quotient determined by dividing

 

		(I)	either (a) the product of the number of Common Shares
offered during the Rights Period pursuant to the Rights Offering and the price at which such Common Shares are offered, or, (b)
the product of the exchange or conversion price of the securities so offered and the number of Common Shares for or into which
the securities offered pursuant to the Rights Offering may be exchanged or conve1ied, as the case may be, by

 

		(II)	the Current Market Price of the Common Shares as of the
record date for the Rights Offering; and

 

		(ii)	the denominator of which shall be the aggregate of the
number of Common Shares outstanding on such record date and the number of Common Shares offered pursuant to the Rights Offering
(including in the case of the issue or distribution of securities exchangeable for or conve1iible into Common Shares the number
of Common Shares for or into which such securities may be exchanged or conve1ied).

 

If by
the terms of the rights, options, or warrants referred to in this section 8(c), there is more than one purchase, conversion or
exchange price per Common Share, the aggregate price of the total number of additional Common Shares offered for subscription or
purchase, or the aggregate conversion or exchange price of the convertible or exchangeable securities so offered, shall be calculated
for purposes of the adjustment on the basis of the lowest purchase, conversion or exchange price per Common Share, as the case
may be. Any Common Shares owned by or held for the account of the Corporation shall be deemed not to be outstanding for the purpose
of any such calculation. To the extent that any adjustment in the Exercise Price occurs pursuant to this section 8(c) as a result
of the fixing by the Corporation of a record date for the issue or distribution of rights, options or warrants referred to in this
section 8(c), the Exercise Price shall be readjusted immediately after the expiry of any relevant exchange, conversion or exercise
right to the Exercise Price which would then be in effect based upon the number of Common Shares actually issued and remaining
issuable after such expiry and shall be further readjusted in such manner upon the expiry of any further such right.

 

		(d)	If at any time after November
29, 2018 and prior to the Expiry Time, the Corporation shall fix a record date for the issue
or distribution to the holders of all or substantially all of the Common Shares of:

 

		(i)	shares of the Corporation of any class other than Common
Shares;

 

		(ii)	rights, options or warrants to acquire Common Shares
or securities exchangeable for or convertible into Common Shares (other than rights, options or warrants pursuant to which holders
of Common Shares are entitled, during a period expiring not more than 45 days after the record date for such issue, to subscribe
for or purchase Common Shares at a price per share (or in the case of securities exchangeable for or convertible into Common Shares
at an exchange or conversion price per share at the date of issue of such securities) of at least 95% of the Current Market Price
of the Common Shares on such record date);

 

    - 16 -

     

    

 

		(iii)	evidences of indebtedness of the Corporation; or

 

		(iv)	any property or assets of the Corporation (including
cash, but excluding cash dividends paid in the ordinary course);

 

and if such issue or distribution does
not constitute a Common Share Reorganization or a Rights Offering (any of such non-excluded events being herein called a “Special
Distribution”), the Exercise Price shall be adjusted effective immediately after the record date for the
Special Distribution to the amount determined by multiplying the Exercise Price in effect on the record date for the Special Distribution
by a fraction:

 

		(A)	the numerator of which shall be the difference between

 

		(I)	the product of the number of Common Shares outstanding
on such record date and the Current Market Price of the Common Shares on such record date, and

 

		(II)	the fair value, as determined by the directors of the
Corporation, to the holders of the Common Shares of the shares, rights, options, warrants, evidences of indebtedness or property
or assets to be issued or distributed in the Special Distribution, and

 

		(B)	the denominator of which shall be the product obtained
by multiplying the number of Common Shares outstanding on such record date by the Current Market Price of the Common Shares on
such record date.

 

Any Common Shares owned by or held for
the account of the Corporation shall be deemed not to be outstanding for the purpose of such calculation. To the extent that any
adjustment in the Exercise Price occurs pursuant to this section S(d) as a result of the fixing by the Corporation of a record
date for the issue or distribution of rights, options or warrants to acquire Common Shares or securities exchangeable for or conve1iible
into Common Shares referred to in this section S(d), the Exercise Price shall be readjusted immediately after the expiry of any
relevant exercise, exchange or conversion right to the amount which would then be in effect if the fair market value had been determined
on the basis of the number of Common Shares issued and remaining issuable immediately after such expiry, and shall be further readjusted
in such manner upon the expiry of any further such right.

 

    - 17 -

     

    

 

		(e)	If and whenever at any
time after November 29, 2018 and prior to the Expiry Time there is a capital reorganization
of the Corporation or a reclassification or other change in the Common Shares (other than a Common Share Reorganization) or a
consolidation or merger or amalgamation of the Corporation with or into any other corporation or other entity (other than a consolidation,
merger or amalgamation which does not result in any reclassification of the outstanding Common Shares or a change of the Common
Shares into other securities), or a transfer of all or substantially all of the Corporation’s undertaking and assets to
another corporation or other entity in which the holders of Common Shares are entitled to receive shares, other securities or
other property (any of such events being called a “Capital Reorganization”), after the effective date of the
Capital Reorganization the Holder shall be entitled to receive, and shall accept, for the same aggregate consideration, upon exercise
of the Warrants, in lieu of the number of Common Shares to which the Holder was theretofore entitled upon the exercise of the
Warrants, the kind and aggregate number of Common Shares and other securities or property resulting from the Capital Reorganization
which the Holder would have been entitled to receive as a result of the Capital Reorganization if, on the effective date thereof,
the Holder has been the registered holder of the number of Common Shares to which the Holder was theretofore entitled to purchase
or receive upon the exercise of the Warrants. If necessary, as a result of any Capital Reorganization, appropriate adjustments
shall be made in the application of the provisions of this Warrant Certificate with respect to the rights and interest thereafter
of the Holder to the end that the provisions of this Warrant Certificate shall thereafter correspondingly be made applicable as
nearly as may reasonably be possible in relation to any shares or other securities or prope1ty thereafter deliverable upon the
exercise of this Warrant Certificate.

 

		(f)	If and whenever at any time after November 29, 2018 and
prior to the Expiry Time, any of the events set out in sections 8(b), (c), (d) or (e) herein shall occur and the occurrence of
such event results in an adjustment of the Exercise Price pursuant to the provisions of this section 8, then the number of Common
Shares purchasable pursuant to this Warrant shall be adjusted contemporaneously with the adjustment of the Exercise Price by multiplying
the number of Common Shares then otherwise purchasable on the exercise thereof by a fraction, the numerator of which shall be
the Exercise Price in effect immediately prior to the adjustment and the denominator of which shall be the Exercise Price resulting
from such adjustment.

 

		(g)	If the Corporation takes
any action affecting its Common Shares to which the foregoing provisions of this section 8, in the opinion of the board of directors
of the Corporation, acting in good faith, are not strictly applicable, or if strictly applicable would not fairly adjust the rights
of the Holder against dilution in accordance with the intent and purposes hereof, or would otherwise materially affect the rights
of the Holder hereunder, then the Corporation shall, subject to the approval of such stock exchange or quotation system on which
the Common Shares are then listed and posted (or quoted) for trading, as applicable), execute and deliver to the Holder an amendment
hereto providing for an adjustment in the application of such provisions so as to adjust such rights as aforesaid in such manner
as the board of directors of the Corporation may determine to be equitable in the circumstances, acting in good faith. The failure
of the taking of action by the board of directors of the Corporation to so provide for any adjustment on or prior to the effective
date of any action or occurrence giving rise to such state of facts will be conclusive evidence that the board of directors has
determined that it is equitable to make no adjustment in the circumstances.

 

		9.	The following rules and procedures shall be applicable
to the adjustments made pursuant to section 8 herein:

 

		(a)	any Common Shares owned or held by or for the account
of the Corporation shall be deemed not be to outstanding except that, for the purposes of section 8 herein, any Common Shares
owned by a pension plan or profit sharing plan for employees of the Corporation or any of its subsidiaries shall not be considered
to be owned or held by or for the account of the Corporation;

 

    - 18 -

     

    

 

		(b)	no adjustment in the Exercise Price or the number of
Common Shares purchasable pursuant to this Warrant shall be required unless a change of at least 1% of the prevailing Exercise
Price or the number of Common Shares purchasable pursuant to this Warrant would result, provided, however, that any adjustment
which, except for the provisions of this section 9(b), would otherwise have been required to be made, shall be carried forward
and taken into account in any subsequent adjustment;

 

		(c)	the adjustments provided for in section 8 herein are
cumulative and shall apply to successive subdivisions, consolidations, dividends, distributions and other events resulting in
any adjustment under the provisions of such item;

 

		(d)	in the absence of a resolution of the board of directors
of the Corporation fixing a record date for any dividend or distribution referred to in section 8(b)(iii) herein, the Corporation
shall be deemed to have fixed as the record date therefor the date on which such dividend or distribution is effected;

 

		(e)	if the Corporation sets a record date to take any action
and thereafter and before the taking of such action abandons its plan to take such action, then no adjustment to the Exercise
Price will be required by reason of the setting of such record date;

 

		(f)	as a condition precedent to the taking of any action
which would require any adjustment to the Warrants evidenced hereby, including the Exercise Price, the Corporation must take any
corporate action which may be necessary in order that the Corporation shall have unissued and reserved in its authorized capital
and may validly and legally issue as fully paid and non-assessable all of the shares or other securities which the Holder is entitled
to receive on the full exercise thereof in accordance with the provisions hereof;

 

		(g)	forthwith, but no later than fomieen (14) days, after
any adjustment to the Exercise Price or the number of Common Shares purchasable pursuant to the Warrants, the Corporation shall
provide to the Holder a certificate of an officer of the Corporation certifying as to the amount of such adjustment and, in reasonable
detail, describing the event requiring and the manner of computing or determining such adjustment;

 

		(h)	any question that at any time or from time to time arises
with respect to the amount of any adjustment to the Exercise Price or other adjustment pursuant to section 8 herein shall be conclusively
determined by a firm of independent chartered accountants (who may be the Corporation’s auditors) and shall be binding upon
the Corporation and the Holder;

 

		(i)	any adjustment to the Exercise Price under the terms
of this Warrant Certificate shall be subject to the prior approval of such other stock exchange or quotation system on which the
Common Shares are then listed and posted (or quoted) for trading, as applicable; and

 

    - 19 -

     

    

 

		(i)	in case the Corporation, after the date of issue of this
Warrant Certificate, takes any action affecting the Common Shares, other than an action described in section 8 herein, which in
the opinion of the directors of the Corporation would materially affect the rights of the Holder, the Exercise Price will be adjusted
in such manner, if any, and at such time, by action by the directors of the Corporation but subject in all cases to any necessary
regulatory approval, including approval of such stock exchange or quotation system on which the Common Shares are then listed
and posted (or quoted) for trading, as applicable). Failure of the taking of action by the directors of the Corporation so as
to provide for an adjustment on or prior to the effective date of any action by the Corporation affecting the Common Shares will
be conclusive evidence that the board of directors of the Corporation has determined that it is equitable to make no adjustment
in the circumstances.

 

		10.	On the happening of each
and every such event set out in section 8 herein, the applicable provisions of this Warrant Certificate, including the Exercise
Price, shall, ipso facto, be deemed to be amended accordingly and the Corporation
shall take all necessary action so as to comply with such provisions as so amended.

 

		11.	The Corporation shall not
be required to deliver certificates for Common Shares while the share transfer books of the Corporation are properly closed, having
regard to the provisions of sections 8 and 9 herein, prior to any meeting of shareholders or for the payment of dividends or for
any other purpose and in the event of the surrender of any Warrant in accordance with the provisions hereof and the making of
any subscription and payment for the Common Shares called for thereby during any such period, delivery of certificates for Common
Shares may be postponed for not more than five (5) business days after the date of the re-opening of said share transfer books;
provided, however, that any such postponement of delivery of ce1iificates shall be without prejudice to the right of the Holder
so surrendering the same and making payment during such period to receive after the share transfer books shall have been re-opened
such certificates for the Common Shares called for, as the same may be adjusted pursuant to sections 8 and 9 herein as a result
of the completion of the event in respect of which the transfer books were closed.

 

		12.	Subject as hereinafter provided, all or any of the rights
conferred upon the Holder by the terms hereof may be enforced by the Holder by appropriate legal proceedings. No recourse under
or upon any obligation, covenant or agreement contained herein shall be had against any shareholder or officer of the Corporation
either directly or through the Corporation, it being expressly agreed and declared that the obligations under the Warrants are
solely corporate obligations and that no personal liability whatever shall attach to or be incurred by the shareholders or officers
of the Corporation or any of them in respect thereof, any and all rights and claims against every such shareholder, officer or
director being hereby expressly waived as a condition of and as a consideration for the issue of the Warrants.

 

		13.	The Holder may subscribe for and purchase any lesser
number of Common Shares than the number of Common Shares expressed in any Warrant Certificate. In the case of any subscription
for a lesser number of Common Shares than expressed in any Warrant Certificate, the Holder hereof shall be entitled to receive,
at no cost to the Holder, a new Warrant Certificate in respect of the balance of Warrants not then exercised. Such new Warrant
Certificate shall be mailed to the Holder by the Corporation or, at its direction, the transfer agent of the Corporation, contemporaneously
with the mailing of the certificate or ce1tificates representing the Common Shares issued pursuant to section 5 herein.

 

    - 20 -

     

    

 

		14.	If any Warrant Certificate
becomes stolen, lost, mutilated or destroyed, the Corporation shall, on such terms as it may in its discretion impose, acting
reasonably, issue and sign a new Warrant Certificate of like denomination, tenor and date as the Warrant Certificate so stolen,
lost, mutilated or destroyed for delivery to the Holder. The applicant for the issue of a new Warrant Certificate pursuant to
this section shall bear the cost of the issue thereof and in the case of mutilation shall as a condition precedent to the issue
thereof, deliver to the Corporation the mutilated Warrant Certificate, and in case of loss, destruction or theft shall, as a condition
precedent to the issue thereof, furnish to the Corporation such evidence of ownership and of the loss, destruction or theft of
the Warrant Certificate so lost, destroyed or stolen as shall be satisfactory to the Corporation in its discretion and the applicant
shall also be required to furnish an indemnity and surety bond in amount and form satisfactory to the Corporation in its discretion
and shall pay the reasonable charges of the Corporation in connection therewith.

 

		15.	The Holder may transfer the Warrants represented hereby
by:

 

		(i)	duly completing and executing the transfer form attached
as Schedule “B” (“Transfer Form”); and

 

		(ii)	surrendering this Warrant Ce1iificate and the completed
Transfer Form, together with such other documents as the Corporation may reasonably request, to the Corporation at the address
set forth on the Transfer Form or such other office as may be specified by the Corporation, in a written notice to the Holder,
from time to time,

 

provided that all such transfers shall
be effected in accordance with all applicable securities laws, and provided that, after such transfer, the term “Holder”
shall mean and include any transferee or assignee of the current or any future Holder. If only part of the Warrants evidenced hereby
is transferred, the Corporation will deliver to the Holder and the transferee replacement Warrant Certificates substantially in
the form of this Warrant Certificate..

 

		16.	Neither the Warrants represented
by this Warrant Certificate nor the Common Shares issuable upon exercise hereof have been or will be registered under the United
States Securities Act of 1933, as amended (the “U.S. Securities Act”), nor
under the laws of any state of the United States. Accordingly, (i) Warrants may not be exercised within the United States or by
a “U.S. person” (as defined in Rule 902(k) of Regulation S promulgated under the U.S. Securities Act) and (ii) no
Common Shares issuable upon exercise of Warrants will be delivered to any address in the United States, unless an exemption is
available from the registration requirements of the U.S. Securities Act and applicable state securities laws and the holder of
such Warrants has furnished an opinion of counsel of recognized standing or other evidence in form and substance satisfactory
to the Corporation to such effect, as applicable. The Holder acknowledges that a legend to that effect may be placed on any certificates
representing the Common Shares issued on exercise of the rights represented by this Warrant Certificate. Terms used in this paragraph
have the meanings given to them in Regulation S under the U.S. Securities Act.

 

		17.	Any certificate representing Common Shares issued upon
the exercise of this Warrant will bear the following legends:

 

“UNLESS PERMITTED UNDER SECURITIES
LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER THE LATER
OF (I) NOVEMBER 29, 2018, AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY OF CANADA”

 

    - 21 -

     

    

 

18. The Corporation will maintain a register
of holders of Warrants at its principal office. The Corporation may deem and treat the registered holder of any Warrant Ce1iificate
as the absolute owner of the Warrants represented thereby for all purposes, and the Corporation shall not be affected by any notice
or knowledge to the contrary except where the Corporation is required to take notice by statute or by order of a court of competent
jurisdiction. A Holder shall be entitled to the rights evidenced by such Warrant free from all equities or rights of set-off or
counterclaim between the Corporation and the original or any intermediate holder thereof and all persons may act accordingly and
the receipt by any such Holder of the Common Shares purchasable pursuant to such Warrant shall be a good discharge to the Corporation
for the same and the Corporation shall not be bound to inquire into the title of any such Holder except where the Corporation
is required to take notice by statute or by order of a court of competent jurisdiction.

 

		19.	The Corporation shall notify the Holder forthwith of
any change of the Corporation’s address.

 

		20.	The registered holders of Warrants shall have the power
from time to time by an extraordinary resolution (as hereinafter defined):

 

		(a)	to sanction any modification, abrogation, alteration
or compromise of the rights of the registered holders of Warrants against the Corporation which shall be agreed to by the Corporation;
and/or

 

		(b)	to assent to any modification of or change in or omission
from the provisions contained herein or in any instrument ancillary or supplemental hereto which shall be agreed to by the Corporation;
and/or

 

		(c)	to restrain any registered holder of a Warrant from taking
or instituting any suit or proceedings against the Corporation for the enforcement of any of the covenants on the part of the
Corporation conferred upon the registered holders of Warrants by the terms of the Warrants.

 

Any such extraordinary resolution as aforesaid
shall be binding upon all the registered holders of Warrants whether or not assenting in writing to any such extraordinary resolution,
and each registered holder of any of the Warrants shall be bound to give effect thereto accordingly. Such extraordinary resolution
shall, where applicable, be binding on the Corporation which shall give effect thereto accordingly.

 

The Corporation shall forthwith upon receipt
of an extraordinary resolution provide notice to all registered holders of Warrants of the date and text of such resolution. The
registered holders of Warrants assenting to an extraordinary resolution agree to provide the Corporation forthwith with a copy
of any extraordinary resolution passed.

 

The expression “extraordinary resolution”
when used herein shall mean a resolution assented to in writing, in one or more counterparts, by the registered holders of Warrants
calling in the aggregate for not less than seventy-five per cent (75%) of the aggregate number of Common Shares called for by all
of the Warrants which are, at the applicable time, outstanding.

 

		21.	All notices to be sent hereunder shall be deemed to be
validly given to the registered holders of the Warrants if delivered personally or if sent by registered letter through the post
addressed to such holders at their post office addresses appearing in the register of Warrant holders caused to be maintained
by the Corporation, and such notice shall be deemed to have been given, if delivered personally when so delivered, and if sent
by post on the fifth business day next following the post thereof.

 

    - 22 -

     

    

 

		22.	If for any reason, other than the failure or default
of the Holder, the Corporation is unable to issue and deliver the Common Shares or other securities as contemplated herein to
the Holder upon the proper exercise by the Holder of the right to purchase any of the Common Shares purchasable upon exercise
of the Warrants represented hereby, the Corporation may pay, at its option and in complete satisfaction of its obligations and
the rights of the Holder hereunder, to the Holder, in cash, an amount equal to the difference between the Exercise Price and the
Current Market Price of such Common Shares or other securities on the date of exercise by the Holder, and upon such payment the
Corporation shall have no liability or other obligation to the Holder relating to or in respect of the Warrants or this Warrant
Ce1iificate.

 

		23.	This Warrant Certificate shall be governed by the laws
of the Province of Ontario and the federal laws of Canada applicable herein.

 

		24.	All Warrants shall rank
pari passu, whatever may be the actual date of issue of the same.

 

		25.	This Warrant Certificate shall enure to the benefit of
and shall be binding upon the Holder and the Corporation and their respective successors and assigns.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    - 23 -

     

    

 

IN WITNESS WHEREOF
the Corporation has caused this certificate to be signed by its duly authorized officer.

 

DATED as of the 29th
day of November, 2018.

 

	 	SNOW LAKE RESOURCES LTD.
	 	 
	 	Per:	 
	 	 	Derek Knight
	 	 	Chief Executive Officer

 

     

     

    

 

Schedule “A”

 

SUBSCRIPTION FORM

 

(TO BE COMPLETED IF WARRANTS ARE TO
BE EXERCISED)

 

		TO:	SNOW LAKE RESOURCES LTD. (THE “CORPORATION”)

c/o Foundation Markets Inc., 77
King Street West, Suite 2905, P.O. Box 121

Toronto ON M5K lHl

 

The undersigned hereby subscribes for
______________ common shares of Snow Lake Resources Ltd. according to the terms and conditions set forth in the annexed
Warrant Ce1iificate (or such number of other securities or property to which such Warrant Certificate entitles the
undersigned to acquire under the terms and conditions set forth in such Warrant Certificate).

 

	Address for Delivery of Common Shares:	____________________________________
	 	 
	 	____________________________________
	 	 
	 	____________________________________
	 	 
	 	Attention: ___________________________

 

Exercise Price Tendered (Cdn$0.30 per Common Share or as adjusted)
$_________________________

 

By checking the applicable line below,
the undersigned represents, warrants and ce1iifies as follows (only one of the following must be checked):

 

	A.	☐	at the time of execution of this Subscription Form, it (and any person named hereunder to which common shares are to be issued) (i) is not a U.S. person or a person within the United States and is not exercising the Warrants on behalf of a U.S. person or a person within the United States; and (ii) did not execute or deliver this Subscription Form in the United States;

 

(For purposes hereof, “United States”
and “U.S. person” shall have the meanings given to such terms in Regulation S under the United States Securities Act
of 1933 (the “U.S. Securities Act”));

 

or

 

	B.	☐	 it is furnishing herewith a written opinion of counsel of recognized standing or other evidence (which must be satisfactory to
the Company) to the effect that the common shares issuable upon exercise of the Warrants have been registered under the United
States Securities Act of 1933, as amended, and applicable state securities laws or are exempt from registration requirements thereunder.

 

Note: The undersigned understands
that unless Box A above is checked, the certificate representing the common shares will bear a legend restricting transfer without
registration under the U.S. Securities Act and applicable state securities laws unless an exemption from registration is available.

 

Note: Ce1iificates representing
common shares will not be registered or delivered to an address in the United States unless Box B above is checked. If Box B is
checked, any opinion or other evidence tendered must be in form and substance reasonably satisfactory to the Corporation.

 

     

     

    

 

Holders planning to deliver an op1111on
of counsel or other evidence in connection with the exercise of Warrants should contact the Corporation in advance to determine
whether any opinions or other evidence to be tendered will be acceptable to the Corporation.

 

Dated at ________________,
this__ day of _________, 20__

 

	 	 	)	 
	 	 	)	_________________________________________
	 	WITNESS:	)	HOLDER’S NAME
	 	 	)	 
	 	 	)	_________________________________________
	 	 	)	AUTHORIZED SIGNATURE
	 	 	)	 
	 	 	)	_________________________________________
	 	 	)	TITLE (IF APPLICABLE)

 

Signature guaranteed 1 :

 

 

		I.	If the Common Shares are to be registered in a name other
than the name of the registered Warrant Holder, the signature of the Warrant Holder must be medallion guaranteed by a bank, trust
company or a member ofa stock exchange in Canada.

 

     

     

    

 

Schedule “B”

 

WARRANT TRANSFER FORM

 

FOR VALUE RECEIVED, subject to receipt of prior written approval
of SNOW LAKE RESOURCES LTD. (the “Corporation”), the undersigned (the “Transferor”) hereby
sells, assigns and transfers unto (name) ______________________________ (the “Transferee”) of (residential address)
_______________________________________________________________________________

_______________________________________________________________________________

__________________________________________
Warrants of the Corporation registered in the name of the undersigned represented by the within certificate, and irrevocably appoints
the Corporation as the attorney of the undersigned to transfer the said securities on the register of transfers for the said Warrants,
with full power of substitution.

 

Any transfer of the Warrants references
herein must comply with United States federal and state securities laws, and no such transfer shall occur unless there is an available
exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities
laws.

 

	NOTICE:	The signature of this assignment must correspond with the name as written upon the face of the certificate, in every particular, without alteration or enlargement or any change whatever, and must be guaranteed by a bank, trust company or a member of a recognized stock exchange. The guarantor must affix a stamp bearing the actual words “Signature Guaranteed”.

 

DATED this_ day of___ __,   20

 

	______________________	 	_________________________________________
	Signature Guaranteed	 	(Signature of transferring Warrantholder)
	 	 	 
	 	 	_________________________________________
	 	 	Name (please print)
	 	 	 
	 	 	_________________________________________
	 	 	Address
	 	 	 
	 	 	_________________________________________

 

     

     

    

 

TRANSFEREE ACKNOWLEDGMENT

 

In connection with this transfer (check
one):

 

		☐	The undersigned transferee
hereby ce11ifies that (i) it is not a person in the “United States” or a “U.S. person” (each as defined
in Regulation S promulgated under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”),
(ii) it was not offered the Warrants while in the United States and did not execute this ce11ificate
while within the United States, and (iii) it is not acquiring any of the Warrants represented by this Warrant Certificate by or
on behalf of any person or “U.S. person” or within the United States.

 

		☐ 	The undersigned transferee
is concurrently delivering a written opinion of U.S. Counsel of recognized standing or other evidence of exemption in form
and substance acceptable to the Corporation to the effect that this transfer of Warrants is exempt from the registration requirements
of the U.S. and has been made in compliance with all applicable state securities laws.

 

	_________________________________________	 	 
	(Signature of Transferee)	 	 
	 	 	 
	_________________________________________	 	_________________________________________
	Date	 	Name of Transferee (please print)

 

The Warrants and
the common shares issuable upon exercise of the Warrants shall only be transferable in accordance with applicable laws. The Warrants
may only be exercised in the manner required by the certificate representing the Warrants and the Warrant Exercise Form attached
thereto. Any common shares acquired pursuant to this Warrant shall be subject to applicable hold periods and any certificate representing
such common shares will bear restrictive legends.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}]]