Blende Silver Corp. — Capital/Financing Update 2021

Jun 30, 2021

FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1: Name and Address of Reporting Issuer

Blende Silver Corp. (the “Company”) Suite 804 – 750 West Pender Street

Vancouver BC V6C 2T7

Item 2: Date of Material Change

June 24, 2021

Item 3: News Release

A news release was issued and disseminated on June 25, 2021 through thenewswire.ca and filed on SEDAR (www.sedar.com).

Item 4: Summary of Material Changes

Blende Silver Corp Closes Non-Brokered Private Placement Tranche Raising Gross Proceeds of $880,500

Item 5: Full Description of Material Change

Blende Silver Corp. (the “Company”) (TSX.V: BAG) announces it has closed the first tranche of a non-brokered private placement announced May 25, 2021 raising gross proceeds of $880,500. 8,805,000 units (“Unit”) have been issued at a price of $0.10 per each Unit. Each Unit is comprised of one common share and one full share purchase warrant (“Warrant”). Each whole Warrant is exercisable to purchase one common share of the Company at a price of $0.20 per share for a period of 36 months from closing of the financing expiring June 25, 2024.

All securities are subject to a four month hold period. Finder’s fees payable in connection with this tranche total $59,885 and 598,850 finder’s warrants. Finder’s Warrants are exercisable to purchase one common share of the Company at a price of $0.20 per share expiring June 25, 2024. The private placement is subject to TSX Venture Exchange approval.

The proceeds from the private placement will be used to advance the Blende property and for general working capital.

Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

Not applicable.

Item 7: Omitted Information

None.

Item 8: Executive Officer

For further information, please contact: Thomas Kennedy: (604) 682-2928 Email: tomkennedy@shaw.ca

Item 9: Date of Report

June 29, 2021