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CLOUD3 VENTURES Regulatory Filings 2023

Jul 31, 2023

43693_rns_2023-07-31_1cc605c8-8f71-4f00-a251-2037e0fabd90.pdf

Regulatory Filings

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FORM 51-102F3 MATERIAL CHANGE REPORT

Item 1: Name and Address of Company

Web3 Ventures Inc. (the “ Company ”) 22 Leader Lane, Suite 409 Toronto, Ontario M5E 0B2

Item 2: Date of Material Change

July 21, 2023.

Item 3: News Release

A news release was issued and disseminated on July 21, 2023 over Globe Newswire and filed on SEDAR on July 31, 2023 at www.sedarplus.ca.

Item 4: Summary of Material Change

Brian Keane has resigned as VP of Capital Markets and Director of the Company to pursue other endeavours.

Item 5.1: Full Description of Material Change

Please see attached news release.

Item 5.2 Disclosure for Restructuring Transactions

Not applicable.

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

Not applicable.

Item 7: Omitted Information

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

Item 8: Executive Officer

For additional information with respect to this material change, the following person may be contacted:

David Nikzad Chief Executive Officer and Director 808-213-8191 E: [email protected]

Item 9: Date of Report

July 31, 2023.