Affinity Metals Corp. — Capital/Financing Update 2020

Feb 28, 2020

FORM s1-102F3 MATERIAL CHANGE REPORT

Item 1. Name and Address of Companv

Affinity Metals Corp. ⁶⁰⁰- 890 West Pender Street Vancouver, BC V6C 1J9

Item 2. Date of Material Change

February 6,2020

Item 3. News Release

A News Release dated and issued February 6,2020 at Vancouver, BC, through Newsfile Corp. and filed on SEDAR (www.sedar.com).

Item 4 Summarv of Material Chanse

Affinity Metals Corp. announces \$1,000,000 financing

Item 5. Full Descrintion of Material Chanse

See news release, a copy of which is attached hereto.

Item 6. Reliance on subsection 7.l(-2l of National Instrument 5l-102

Not applicable.

Item 7. Omitted Information

Not applicable.

Item 8. Executive Officer

Robert Edwards, CEO & Director Telephone: 604 227 -3554

Item 9. Date of Renort

February 28,2020

AFFINITY METALS CORP. ANNOUNCES \$1,000,000 FINANCING

February 602020 TSX.V: AFF

Vancouver, BC - Affinity Metals Corp. (TSX-V: AFF) ("the Corporation") ("Affinity") today announced that it will be offering on a non-brokered private placement basis ("the Offering") up to 5,000,000 units ("Units") at a price of \$0.20 per Unit for proceeds of \$1,000,000 if the Offering is fully subscribed.

Each Unit consists of one common share of the Corporation ("Common Share") and one nontransferrable Common Share purchase warrant ("Warrant"). Each Warrant may be exercised for one additional Common Share at a price of \$0.30 for a period of 24 months from the closing date of the Offering.

The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.

Insiders may participate in the Offering. A finder's fee in cash or shares may be paid to arm's length finders in relation to this Offering. This private placement financing is subject to approval by the TSX Venture Exchange.

About Affinity

Affinity is a Canadian mineral exploration company focused on advancing the Regal polymetallic project located near Revelstoke, British Columbia, Canada.

Information related to the Corporation and the Regal project can be found on the Corporation's website at:

rwvw. aff i ⁿity-metal s.com

On behalf of the Board of Directors

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: inflor,4aflinity-rnetals.com or by phone 604-227-3554

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is deJined in the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy ofthis release,