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Pelangio Exploration : MANAGEMENT'S DISCUSSION AND ANALYSIS Form 51-102F1

PELANGIO EXPLORATION INC.

MANAGEMENT S DISCUSSION AND ANALYSIS Form 51-102F1

For the Three Months Ended March 31, 2024

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Ashanti Region , Ghana General , United Kingdom , Republic Of Ghana , Dorota El , Blair Hrabi , Glen Cole , Kevin Thomson , Ghana Properties , Canadian Securities Administrator National Instrument , Ministry Of Lands , Consulting Canada Inc , Minerals Commission Of Ghana , Canada Inc , Canadian Properties , International Accounting Standards Board , National Instrument , Canadian Institute Of Mining , Pelangio Exploration Inc , International Financial Reporting Standards , Newmont Mining Corporation Ahafo , Exchange Commission , Ghana The Properties , Canadian Institute Of Mining Metallurgy , Venture Exchange , Ghana Minerals Commission ,