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CleanTech Vanadium Mining Corp. Board/Management Information 2022

Jul 27, 2022

48292_rns_2022-07-26_4b339a6a-a149-40c7-aa3f-01a8a3ff46e5.pdf

Board/Management Information

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BC FORM 51-102F3 MATERIAL CHANGE REPORT

ITEM 1. NAME AND ADDRESS OF COMPANY

Flying Nickel Mining Corp. Suite 1610 – 409 Granville Street Vancouver, BC V6C 1T2

ITEM 2.

DATE OF MATERIAL CHANGE

July 20, 2022

  • ITEM 3. NEWS RELEASE

The news release dated July 21, 2022 was disseminated through ACCESSWIRE Canada Ltd. and filed on SEDAR on July 22, 2022.

  • ITEM 4. SUMMARY OF MATERIAL CHANGE

The Company announced the appointment of CEO and CFO.

ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE

The Company announced the appointment of John Lee, CFA, as its Interim Chief Executive Officer, replacing Danniel Oosterman. The Company also appoints Zula Kropivnitski (CPA, CGA and ACCA), as its Chief Financial Officer, replacing Ms. Katerina Deluca.

Mr. Lee is the founder of Flying Nickel. He specializes in M&A and has raised over $130 million for junior miners listed on the Toronto Stock Exchange and TSX Venture Exchange. Mr. Lee led the Minago nickel project acquisition by Silver Elephant Mining Corp. in February 2021 and later architected Silver Elephant's spinout of Flying Nickel to own and operate Minago. In addition, Mr. Lee led Silver Elephant in acquiring the Pulacayo silver project, Gibellini vanadium project, Ulaan Ovoo coal project in the past 12 years. Mr. Lee graduated from Rice University with bachelor's degrees in Economics (BA) and in Engineering (BSc).

Ms. Kropivnitski has over ten years of experience in financial reporting with public companies listed on Canadian and US stock exchanges in the resource and technology sectors. Notable positions include CFO with Abraplata Resource Corp. from 2016 to 2019, and Financial Controller with Sacre-Coeur Minerals Ltd. from 2008 to 2011. Ms. Kropivnitski received her Chartered Professional Accountant designation from the Certified General Accountants Association of British Columbia, Canada and later obtained her ACCA designation from the Association of Chartered Certified Accountants of UK.

ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OR 7.1(3) OF NATIONAL INSTRUMENT 51-102

Not applicable

ITEM 7. OMITTED INFORMATION

Not applicable

ITEM 8. SENIOR OFFICER

Contact: John Lee , Interim Chief Executive Officer Telephone: 1 (877) 664-2535 Email : [email protected]

ITEM 9. DATE OF REPORT

July 26, 2022