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Consent of Borden Ladner Gervais LLP

We hereby consent to the reference to our name

on the face page and under the headings "Documents Filed as Part of the U.S. Registration Statement" and "Legal

Matters," and to the reference to our name and use of our opinions under the headings "Eligibility for Investment"

and "Certain Canadian Federal Income Tax Considerations," in the prospectus supplement dated October 8,

2024 relating to the issuance by Cardiol Therapeutics Inc. of Class A common shares, which forms part of the Registration Statement on

Form F-10 (File No. 333- 280713).

In giving this consent, we do not admit that we

are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended.