McCoy Global 2018 First Quarter Managements Discussion and Analysis

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Create DateMay 11, 2018

The following Management’s Discussion and Analysis of Financial Results (“MD&A”), dated May 10, 2018, should be
read in conjunction with the cautionary statement regarding forward-looking information and statements below, as
well as the audited consolidated financial statements and notes thereto, for the years ended December 31, 2017
and 2016. The annual consolidated financial statements have been prepared in accordance with International
Financial Reporting Standards (“IFRS”). All amounts in the following MD&A are in Canadian dollars unless otherwise
stated. References to “McCoy,” “McCoy Global,” “the Corporation,” “we,” “us” or “our” mean McCoy Global Inc.
and its subsidiaries, unless the context otherwise requires. Additional information relating to McCoy Global,
including periodic quarterly and annual reports and Annual Information Forms (“AIF”), filed with Canadian securities
regulatory authorities, is available on SEDAR at and our website at