Interim Financial Statements - July 31, 2026 MDA

This Management Discussion and Analysis ("MD&A") of Edgemont Gold Corp. (the "Company") provides analysis of the Company's consolidated financial results for the nine-month period ended July 31, 2026 and should be read in conjunction with the accompanying unaudited condensed interim consolidated financial statements and notes thereto for the nine-month period ended July 31, 2026, all of which are available at https://www.sedarplus.ca. This MD&A is based on information available as at September 29, 2026.

The accompanying July 31, 2026 condensed interim consolidated financial statements have been prepared in accordance with the IFRS Accounting Standards applicable to the preparation of the financial statements. All amounts are expressed in Canadian dollars, unless otherwise stated.

Certain statements made may constitute forward-looking statements. Such statements involve a number of known and unknown risks, uncertainties and other factors. Actual results, performance and achievements may be materially different from those expressed or implied by these forward-looking statements. Additional information about Edgemont Gold Corp. is available at https://www.sedarplus.ca.

Edgemont Gold Corp. incorporated on August 2, 2018 under the laws of British Columbia under the name of Edgemont Resource Corp. On January 30, 2020 the Company changed its name to Edgemont Gold Corp. On June 2, 2025, the Company incorporated 2717194 Alberta Ltd as a wholly owned subsidiary to facilitate the merger with Laiva Gold Inc. The address of the Company's corporate office and its principal place of business is 9th Floor - 1021 West Hastings Street, Vancouver, British Columbia, V6E 0C3.

This MD&A may contain certain statements that may be deemed "forward-looking statements". All statements in this document, other than statements of historical fact, which address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "interprets" and similar expressions, or events or conditions that "will", "would", "may", "could" or "should" occur. Forward-looking statements in this document include statements regarding future exploration programs, joint venture partner participation, liquidity and effects of accounting policy changes.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploration success, continued availability of capital and financing, inability to obtain required regulatory or governmental approvals and general economic, market or business conditions. Readers are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions or other factors should change except as required by law.

These statements are based on a number of assumptions including, among others, assumptions regarding general business and economic conditions, the timing of the receipt of regulatory and governmental approvals for the transactions described herein, the ability of the Company and other relevant parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for the Company's proposed transactions and exploration and development programs on reasonable terms and the ability of third-party service providers to deliver services in a timely manner. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause results to differ materially.

The Company has been focused on mineral exploration in British Columbia. Since incorporation, the Company entered into two option agreements, the Dungate and Mike Option Agreements (the "Dungate Project"), expanded the Dungate Project by staking adjacent claims and begun exploration activities in preparation for drilling that was conducted in the summer of 2021 and spring 2022.

On March 17, 2020 the Company's Prospectus for an IPO was receipted by the B.C. Securities Commission and the IPO was completed on May 29, 2020. The Company commenced trading on the Canadian Securities Exchange ("CSE") on June 1, 2020 under the symbol "EDGM". Edgemont began its Phase 1 exploration program on the Dungate project in July 2020.

Pursuant to an agreement dated January 23, 2025, the Company paid $250,000 for exclusivity rights concerning a potential business transaction between the Company and Laiva Gold Inc. ("Laiva").

On June 4, 2025, the Company announced that it had entered into an acquisition agreement (the "Merger Agreement") dated June 4, 2025 with Laiva, an Alberta private company, whereby the Company will acquire all the issued and outstanding common shares of Laiva from the shareholders of Laiva (the "Transaction"). As consideration under the Transaction, the Company will issue such number of post-Consolidation (as defined below) common shares of the Company (each, a "Consideration Share") to the shareholders of Laiva as is equal to the total number of shares of Laiva outstanding immediately prior to the closing of the Transaction (the "Closing"). It is anticipated that the Company will complete a share consolidation on a three-for-one (3:1) basis (the "Consolidation") immediately prior to the Closing. Laiva will pay a termination fee of $500,000 to the Company if Laiva is not able to obtain Laiva shareholder approval or if Laiva is in breach of its representations, warranties or covenants pursuant to the terms of the Merger Agreement.

In connection with the Transaction, Laiva has completed a private placement offering of 10,047,850 units at $0.80 per unit for total proceeds of $8,038,280. Each unit consist of one share and one-half of one share purchase warrant with each full warrant exercisable at $1.20 per share for a period of 18 months.

Pursuant to a promissory note agreement dated February 20, 2025, as amended on September 30, 2025, December 18, 2025, February 28, 2026, April 15, 2026, June 25, 2026 and August 15, 2026, the Company advanced to Laiva an unsecured loan in the principal amount of $750,000 (the "Bridge Loan"). The Bridge Loan bears simple interest at a rate of 5% per annum and will mature on October 31, 2026. As at July 31, 2026, the Company has recognized accrued interest of $54,144 which has been included in Amounts Receivable.

As at July 31, 2026, the Company had advanced a further $526,984 to Laiva to cover exploration costs related to its project in Finland. These advances are unsecured, non-interest bearing and due on demand.

On May 6, 2026, the Company received conditional approval of the Transaction from the Canadian Securities Exchange. Both Laiva and Edgemont have also received approval of the Transaction from their respective shareholders.

Concurrently with completion of the Transaction, Edgemont will complete a consolidation of its share capital on a 3:1 basis, will change its name to "Laiva Gold Inc." and will change its stock symbol to "SISU". Laiva is also undertaking an additional financing round prior to completion of the Transaction (the "Financing"). The Financing will consist of an offering of common shares of Laiva at a price of $1.50 per common share, and investors in the Financing will participate in the Transaction. Final completion of the Transaction remains subject to final approval of the Canadian Securities Exchange.

The CSE listing statement in respect of the Transaction and the business of the Resulting Issuer is available under the SEDAR+ profile of Edgemont at https://www.sedarplus.ca.

In 2019 the Company acquired interests in two mineral claims covering 546.4 hectares 6 km south of the town of Houston B.C., a region with a history of successful mining projects including the Equity Silver Mine, Imperial Metals' Huckleberry Mine, and the more recent gold-silver discovery at Sun Summit Minerals' Buck Project which sits just 7 km to the south. These claims, and additional claims staked in July 2020, jointly comprise the "Dungate Project" which now consists of five mineral tenures covering 1,582.2 hectares. The property covers a Quartz Feldspar Porphyry ("QFP") intrusive underlying the property which has Cu, Au, Mo, Ag mineralization associated with quartz veining and potassic alteration. The Company conducted extensive drill programs in 2021 and 2022 but has only conducted minimal work since then due to market conditions.

During the year ended October 31, 2025, the Company wrote down this project to $1 as the Company had not budgeted or planned any further exploration programs in anticipation of closing the Laiva Gold transaction in early 2026.

The technical information above has been approved by Joseph Campbell, P. Geo, a Director of Edgemont, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

For more information on the Dungate Project, please refer to the NI 43-101 Technical Report on the Dungate Project, Omenica Mining Division, British Columbia" prepared by B.L. Laird P.Geo with an effective date of November 12, 2019, (the "Dungate Technical Report") and available on our web site at www.edgemontgold.com and at www.sedarplus.ca.

During the nine-month period ended July 31, 2026 (the "current period") the Company reported a net loss of $97,226. This compares to a net loss for the nine-month period ended July 31, 2025 (the "prior period") of $297,674. The significant variations in expenditures were as follows:

General and administrative expenses decreased $194,171 from $322,104 in the prior period to $127,933 in the current period.

Consulting fees decreased $50,000 from $50,000 in the prior period to $Nil in the current period as a consultant was used in the prior period to facilitate the Laiva transaction.

Professional fees decreased $150,410 from $203,966 in the prior period to $53,556 in the current period mainly due to legal costs used in the prior period associated with the Laiva transaction.

Interest income increased $3,634 from $24,430 in the prior period to $28,064 in the current period mainly due to 5% interest accrued on the $750,000 promissory note to Laiva.

During the three-month period ended July 31, 2026 (the "current period") the Company reported a net loss of $36,656. This compares to a net loss for the three-month period ended July 31, 2025 (the "prior period") of $197,321. The significant variations in expenditures were as follows:

General and administrative expenses decreased $165,634 from $214,385 in the prior period to $48,751 in the current period.

Professional fees decreased $173,312 from $192,710 in the prior period to $19,398 in the current period mainly due to legal costs used in the prior period associated with the Laiva transaction.

Interest income decreased $7,612 from $17,064 in the prior period to $9,452 in the current period mainly due to the prior period recording 6 months of interest pertaining to the 5% interest accrued on the $750,000 promissory note to Laiva.

Summary of Quarterly Results

The Company had a net loss of $38,461 during the fourth quarter of fiscal 2024 compared to a loss of $23,834 in the third quarter of fiscal 2024. Operating expenses during the fourth quarter of fiscal 2024 were primarily comprised of

$15,000 for management fees and $26,500 for professional fees which included accrued audit costs.

The Company had a net loss of $21,994 during the first quarter of fiscal 2025 compared to a loss of $38,461 in the fourth quarter of fiscal 2024. Operating expenses during the first quarter of fiscal 2025 were primarily comprised of

$15,000 for management fees and $4,500 for professional fees.

The Company had a net loss of $78,359 during the second quarter of fiscal 2025 compared to a loss of $21,994 in the first quarter of fiscal 2025. Operating expenses during the second quarter of fiscal 2025 were primarily comprised of

$15,000 for management fees, $6,756 for professional fees and $50,000 for consulting.

The Company had a net loss of $197,321 during the third quarter of fiscal 2025 compared to a loss of $78,359 in the second quarter of fiscal 2025. Operating expenses during the third quarter of fiscal 2025 were primarily comprised of

$14,000 for management fees and $192,710 for professional fees which included $174,710 in legal costs related to the Laiva transaction.

The Company had a net loss of $1,752,224 during the fourth quarter of fiscal 2025 compared to a loss of $197,321 in the third quarter of fiscal 2025. Operating expenses during the fourth quarter of fiscal 2025 were primarily comprised of $12,000 for management fees, $35,027 for professional fees, a mineral property write-down of $1,457,504 and the expensing of a $250,000 exclusivity fee.

The Company had a net loss of $23,633 during the first quarter of fiscal 2026 compared to a loss of $1,752,224 in the fourth quarter of fiscal 2025. Operating expenses during the first quarter of fiscal 2026 were primarily comprised of

$12,000 for management fees and $9,816 for professional fees.

The Company had a net loss of $36,937 during the second quarter of fiscal 2026 compared to a loss of $23,633 in the first quarter of fiscal 2026. Operating expenses during the second quarter of fiscal 2026 were primarily comprised of

$12,000 for management fees and $24,342 for professional fees.

The Company had a net loss of $36,656 during the third quarter of fiscal 2026 compared to a loss of $36,937 in the second quarter of fiscal 2026. Operating expenses during the third quarter of fiscal 2026 were primarily comprised of

$12,000 for management fees and $19,398 for professional fees.

Edgemont is in the development stage and therefore has no regular cash flow. As of July 31, 2026, the Company had working capital of $974,338 (October 31, 2025 - working capital of $900,064), inclusive of cash on hand of $15,326 (October 31, 2025 - $8,766).

During the nine-month period ended July 31, 2026, 1,700,000 warrants at $0.05 were exercised for proceeds of

$85,000, 600,000 options at $0.065 were exercised for proceeds of $39,000 and 475,000 options at $0.10 were exercised for proceeds of $47,500.

As at July 31, 2026, the Company had a $750,000 loan receivable and $526,984 of advances due from Laiva Gold.

At July 31, 2026 the Company had current assets of $1,369,438, total assets of $1,385,439 and total liabilities of

$395,100. The Company has no long-term debt. There are no known trends in the Company's liquidity or capital resources.

Cash flow to date has not satisfied the Company's operational requirements. The development of the Company in the future will depend on the Company's ability to obtain additional financings. In the past, the Company has relied on the sale of equity securities to meet its cash requirements. Future developments, in excess of funds on hand, will depend on the Company's ability to obtain financing through joint venturing of projects, debt financing, equity financing or other means. There can be no assurances that the Company will be successful in obtaining any such financing or in

joint venturing its property; failure to obtain such additional financing could result in the delay or indefinite postponement of further exploration and development of the Company's properties.

The Company has not entered into any off-balance sheet arrangements.

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

The Company has incurred the following key management personnel cost from related parties:

During the nine-month period ended July 31, 2026 the Company paid $36,000 (2025 - $44,000) to West Oak Capital Group, Inc., a private company controlled by Stuart Rogers, a director and officer of the Company, for his services as Chief Executive Officer of the Company.

During the nine-month period ended July 31, 2026 the Company paid $27,000 (2025 - $17,000) to Goring Development Corp., a private company controlled by Gord Steblin, for his services as Chief Financial Officer of the Company.

Share-based Payments

The Company has a stock option plan, which is described in the notes to the consolidated financial statements. Share-based payments to employees and others providing similar services are measured at the estimated fair value of the instruments issued on the grant date and amortized over the vesting periods. Share-based payments to non-employees are measured at the fair value of the goods or services received or the fair value of the equity instruments issued if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. The amount recognized as an expense is adjusted to reflect the number of awards expected to vest. The offset to the recorded cost is to equity settled share-based payments reserve.

Consideration received on the exercise of stock options is recorded as share capital and the related equity settled share-based payments reserve is transferred to share capital. Charges for options that are forfeited before vesting are reversed from equity settled share-based payment reserve.

The business of mineral deposit exploration and extraction involves a high degree of risk. Few properties that are explored ultimately become producing mines. At present, none of the Company's properties has a known commercial ore deposit. Other risks facing the Company include competition for mineral properties, environmental and insurance risks, fluctuations in metal prices, fluctuations in exchange rates, share price volatility and uncertainty of additional financing.

The Company is in the exploration stage and has no revenue or income from operations. The Company has limited capital resources and has to rely upon the sale of equity and/or debt securities for cash required for exploration and development purposes, for acquisitions and to fund the administration of the Company. Since the Company does not expect to generate any revenues from operations in the near future, it must continue to rely upon the sales of its equity

or debt securities or joint venture agreements to raise capital. It follows that there can be no assurance that financing, whether debt or equity, will be available to the Company in the amount required by the Company at any particular time or for any period and that such financing can be obtained on terms satisfactory to the Company.

The Company's consolidated financial statements have been prepared on a going concern basis which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The continuing operations of the Company are dependent upon its ability to obtain the necessary financing to meet its ongoing commitments and further its mineral exploration programs.

The Company may encounter difficulty sourcing future financing in light of the recent economic downturn. The current financial equity market conditions and the inhospitable funding environment make it difficult to raise capital through the private placements of shares. The junior resource industry has been severely affected by the world economic situation as it is considered speculative and high-risk in nature, making it even more difficult to fund.

While the Company is using its best efforts to achieve its business plans by examining various financing alternatives, there is no assurance that the Company will be successful with any financing ventures.

The Company is exposed in varying degrees to a variety of financial risks. The Board of Directors approves and monitors the risk management processes, inclusive of documented investment policies, counterparty limits, and controlling and reporting structures. The type of risk exposure and the way in which such exposure is managed is provided as follows:

Credit risk is the risk of loss associated with the counterparty's inability to fulfill its payment obligations. Financial instruments that potentially subject the Company to concentrations of credit risks consist principally of cash, amounts receivable, due from Laiva Gold Inc. and loan receivable. To minimize the credit risk the Company places these instruments with a high quality financial institution. The majority of cash is deposited in a bank account held with a major Canadian bank. The Company has secondary exposure to credit risk on its amounts receivable. This risk is minimal as receivables consist primarily of refundable goods and services taxes owing from the Government of Canada and exploration tax credits owing from the Government of British Columbia. For amounts due from Laiva Gold Inc., the parties are anticipating closing the Transaction which would result in the consolidation of these two entities.

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company has a planning and budgeting process in place to help determine the funds required to support the Company's normal operating requirements on an ongoing basis. The Company ensures that there are sufficient funds to meet its short-term business requirements, taking into account its anticipated cash flows from operations and its holdings of cash and cash equivalents.

Historically, the Company's sole source of funding has been the issuance of equity securities for cash, primarily through private placements. The Company's access to financing is always uncertain. There can be no assurance of continued access to significant equity funding. The Company's liquidity risk is high.

The Company's expenses are denominated in Canadian dollars. The Company's corporate office is based in Canada and current exposure to exchange rate fluctuations is minimal.

The Company does not have any significant foreign currency denominated monetary liabilities. The principal business of the Company is the acquisition and exploration of mineral properties. As the Company's exploration and evaluation assets are located in British Columbia, Canada, the Company is not exposed to significant foreign currency risk.

Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company has a positive cash balance at July 31, 2026 and no-interest bearing debt, therefore interest rate risk is nominal.

The Company's objectives when managing capital are to safeguard the Company's ability to continue as a going concern in order to pursue the sourcing and exploration of its resource properties. The Company does not have any externally imposed capital requirements to which it is subject.

The Company considers the aggregate of its share capital and deficit as capital. The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the Company may attempt to issue new shares or dispose of assets or adjust the amount of cash.

On August 15, 2026 the Merger Agreement was amended to extend the deadline for closing the transaction to October 31, 2026.

The Company had 32,263,294 common shares issued and outstanding as of September 29, 2026. On September 29, 2026 there were also 6,800,000 share purchase warrants exercisable at $0.05 along with 200,000 incentive stock options exercisable at $0.065.