MESABI TRUST

**(a)**Audit Fees.

The aggregate fees related to fiscal 2024 for professional services rendered by Boulay, PLLP (“Boulay”) for the audit of the Trust’s annual financial statements for fiscal year 2024 and review of the financial statements included in the Trust’s quarterly reports on Form 10-Q for the second and third quarters of fiscal year 2024 were $80,523.

The aggregate fees related to fiscal 2024 for professional services rendered by Baker Tilly US, LLP (“Baker Tilly”) for the review of the financial statements included in the Trust’s quarterly report on Form 10-Q for the first quarter of fiscal 2024 and for services related to the transition of auditors during fiscal 2024 were $69,034.

The aggregate fees related to fiscal 2023 for professional services rendered by Baker Tilly for the audit of the Trust’s annual financial statements, and review of the financial statements included in the Trust’s quarterly reports on Form 10-Q were $104,098.

**(b)**Audit-Related Fees.

No fees were paid to Boulay or Baker Tilly for assurance and related services that were not reasonably related to the performance of the audit or review of the Trust’s financial statements for fiscal 2024 or fiscal 2023.

**(c)**Tax Fees.

No fees were paid to Boulay or Baker Tilly for tax compliance, tax advice and tax planning for Mesabi Trust for fiscal 2024 or fiscal 2023.

**(d)**All Other Fees.

No other fees were paid to Boulay or Baker Tilly for services provided to Mesabi Trust, other than those described in item (a), for fiscal 2024 or fiscal 2023.

Before an independent registered public accounting firm is engaged to perform audit and review services for the Trust, the Trustees approve the engagement.