Opta Minerals : Form-13-502F1

8b4fb185-a4b4-4182-82ca-8a17ec8f464d.pdf

FORM 13-502Fl

CLASS 1AND CLASS 3B REPORTING ISSUERS -PARTICIPATION FEE

MANAGEMENT CERTIFICATION

I, Peter Fryters, an officer of the reporting issuer noted below have examined this Form 13-502Fl (the "Form") being submitted hereunder to the Ontario Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate.

Name:Pe

Dare:MfJto1A0

Title: Chief Financial Officer

Reporting Issuer Name:

End date of previous financial year: Type of Reporting Issuer:

Opta Minerals Inc. December 31 2015 X Class 1 reporting issuer o Class 3B reporting issuer

Highest Trading Marketplace: -T=.o,,.=ro=n=to=--=S=to=c=k::...=aEx=c=h=a=n"g"=e- _

(refer to the definition of "highest trading marketplace" under OSC Rule 13-502 Fees)

Market value of listed or q uoted eq uity securities:

(in Canadian Dollars - refer to section 7.1 of OSC Rule 13-502 Fees)

Equity Symbol

1st Specified Trading Period (dd/mm/yy) (refer to the definition of "specified trading period" under OSC Rule 13-502 Fees)

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace

Number of securities in the class or series of such security outstanding at the end of the

OPM

January 1, 2015 March 31, 2015

to

$1.30

(I)

18,129,566

last trading day of the specified trading

(11)

period

Market value of class or series

(I) X (II) =

$23,568,435 .80

_(A)

2nd Specified Trading Period (dd/mm/yy) (refer to the definition of "specified trading period" under OSC Rule 13-502 Fees)

Closing price of the security in the class or

April 1, 2015 June 30, 2015

to

series on the last trading day of the specified $0.95 trading period in which such security was

listed or quoted on the highest trading (m)

marketplace

Number of securities in the class or series of 18,129,566 such security outstanding at the end of the

last trading day of the specified trading period

(N)

Market value of class or series (III) X (IV) =$17,223,087.70

(B)

3rd Specified Trading Period (dd/mm/yy) (refer to the definition of "specified trading period" under OSC Rule 13-502 Fees)

Closing price of the security in the class or

July 1, 2015 September 30, 2015

to

series on the last trading day of the specified $0.35 trading period in which such security was

listed or quoted on the highest trading (v)

marketplace

Number of securities in the class or series of 18,129,566such security outstanding at the end of the

last trading day of the specified trading period

(VI)

Market value of class or series (V) X (VI) =$6,345,348.10

(C)

4th Specified Trading Period (dd/mm/yy) (refer to the definition of "specified trading period" under OSC Rule 13-502 Fees)

October 1, 2015 December 31, 2015

Closing price of the security in the class or

to

series on the last trading day of the specified $1.13 trading period in which such security was

listed or quoted on the highest trading marketplace

(vn)

Number of securities in the class or series of 18,129,566

such security outstanding at the end of the (VIII) last trading day of the specified trading

period

Market value of class or series (VII) X (VIII) = $20,486,409.58

(D)

5th Specified Trading Period (ddlmmlyy) (if applicable - refer to the definition of "specified trading period" under OSC Rule 13-502 Fees)

Closing price of the security in the class or

NIA NIA

to

NIA

series on the last trading day of the specified trading period in which such security was

listed or quoted on the highest trading (IX)

marketplace

NIA

Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading

period (X)

Market value of class or series (IX) X (X) = NIA

$ (E)

Average Market Value of Class or Series $16,905,820.30

(Calculate the simple average of the market value of

the class or series of security for each applicable specified trading period (i.e. A through E above))

(1)

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary pursuant to paragraph 2.8(1)(c) of OSC Rule 13-502 Fees, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities: (See paragraph 2.8(l)(b), and if applicable, paragraph 2.8(l)(c) of OSC Rule 13-502 Fees)

NIA

(2)

(Provide details of how value was determined)

Capitalization for the previous financial year

Participation Fee

(For Class I reporting issuers, from Appendix A of OSC Rule 13-502 Fees, select the participation fee)

(1) + (2) $16,905,820.30

$1,070

(For Class 3B reporting issuers, from Appendix A.1 of OSC Rule 13-502 Fees, select the participation fee)

Late Fee, if applicable

(As determined under section 2.7 of OSC Rule 13-

502 Fees)

Total Fee Payable

(Participation Fee plus Late Fee)

NIA

$1,070