Fortune Bay : Management Discussion and Analysis

TSXV: FOR | FWB: 5QN

Fortune Bay Corp.

MANAGEMENT’S DISCUSSION AND ANALYSIS

Year ended December 31, 2021Dated: April 21, 2022Management’s Discussion and AnalysisDecember 31, 2021Fortune Bay Corp.Year ended December 31, 2021MANAGEMENT’S DISCUSSION AND ANALYSISThis Management’s Discussion and Analysis ("MD&A") provides a review of the performance of Fortune Bay Corp. (the "Company" or "Fortune Bay" or "Spinco") and should be read in conjunction with the audited consolidated financial statements of Fortune Bay (the "Financial Statements") for the years ended December 31, 2021 and 2020, which have been prepared in accordance with International Financial Reporting Standards ("IFRS").The information presented in this MD&A is as of April 21, 2022. The reporting currency for the Company is the Canadian dollar. All of the financial information presented herein is expressed in Canadian dollars, unless otherwise stated. United States dollars are indicated by the symbol "US$".This MD&A contains "forward-looking statements" and "forward-looking information" within the meaning of applicable […]

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