Augustine Ventures Inc. — Capital/Financing Update 2016

Dec 28, 2016

Form 51-102F3

MATERIAL CHANGE REPORT

1. Name and Address of Company

Augustine Ventures Inc. (the “ Issuer ”) 141 Adelaide Street West, Suite 520 Toronto, Ontario M5H 3L5

2. Date of Material Change

December 13, 2016.

3. News Release

A news release with respect to the material change was disseminated on December 13, 2016 through Newfile and subsequently filed on SEDAR.

4. Summary of Material Change

The Issuer completed a private placement for gross proceeds of $500,000.

5.

Full Description of Material Change

The Issuer completed a non-brokered private placement to raise $500,000 by way of issuing 5,000,000 flow through units (“FT Units”) at $0.10 per FT Unit, with each FT Unit consisting of one (1) common share of the Issuer issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) and one common share purchase warrant (a “Warrant”). One full Warrant allows the holder to acquire one non-flow-through common share of the Issuer (a “Warrant Share”) for a period of three (3) years at an exercise price of $0.13 per Warrant Share. The proceeds from the financing will be used for exploration purposes at the Issuer’s Wawa Gold Project. The securities issued pursuant to the financing are subject to a statutory four (4) month hold period from the closing date and to any and all necessary corporate and regulatory approvals.

6. Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

7. Omitted Information

No information has been omitted on the basis that it is confidential information.

8. Executive Officer

Robert Dodds, President and Chief Executive Officer of the Issuer, is knowledgeable about the material change and may be reached at (416) 363-2528.

9. Date of Report.

December 28, 2016.