We have audited the accompanying financial statements of Northern Uranium Corp., which comprise the statements of financial position as at December 31, 2015 and 2014 and the statements of loss and comprehensive loss, changes in shareholders’ equity and cash flows for the years then ended and a summary of significant accounting policies and other explanatory information. In our opinion, these financial statements present fairly, in all material respects, the financial position of Northern Uranium Corp. as at December 31, 2015 and 2014 and its financial performance and its cash flows for the years then ended in accordance with International Financial Reporting Standards.