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Management s Discussion and Analysis
As at and for the nine months ended December 31, 2020
April 21, 2021
OVERVIEW
The following is a management s discussion and analysis ( MD&A ) of Gaia Metals Corp. (the Company or Gaia Metals ), prepared as of April 21, 2021. This MD&A should be read together with the interim condensed consolidated financial statements (the Financial Statements ) for the nine months ended December 31, 2020 and related notes which are prepared in accordance with International Financial Reporting Standards ( IFRS ) and the audited consolidated financial statements for the year ended March 31, 2020, and related notes which are prepared in accordance with IFRS, copies of which are filed on the SEDAR website: www.sedar.com. ....

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