Collingwood Resources Corp. — Capital/Financing Update 2021

Sep 7, 2021

FORM 51-102F3

Material Change Report

Item 1 Name and Address of Company COLLINGWOOD RESOURCES CORP. (the “Company”) 1180 – 625 Howe Street Vancouver, BC V6C 2T6 Telephone: (604) 697-0028 Item 2 Date of Material Change August 23, 2021 Item 3 News Release Issued August 23, 2021, and disseminated through Stockwatch and filed on SEDAR with the securities commissions of British Columbia, Alberta, and Ontario. Item 4 Summary of Material Change Collingwood Resources Corp. (TSX-V: COLL.P) ("Collingwood" or the “Company”) – announced the TSX Venture Exchange approved a share consolidation of the outstanding share capital (the "Consolidation") of the Company’s common shares on the basis of ten (10) preConsolidation common shares for one (1) post-Consolidation common share. The Consolidation was effective at the open of the market on Wednesday, August 25, 2021.

The Company now has 1,243,700 post-Consolidated common shares issued and outstanding.

Item	5.1	Full Description of Material Change
		For a full description of the material change, see Schedule “A”
Item	5.2	Disclosure for Restructuring Transactions
		Not applicable
Item	6	Reliance on subsection 7.1(2) of National Instrument 51-102
		Not applicable

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Item 7 Omitted Information

No information has been omitted on the basis that it is confidential information. Item 8 Executive Officer Contact: Scott Gibson, Chief Executive Officer Telephone: (604) 697-0028 Item 9 Date of Report September 7, 2021

Item 8 Executive Officer

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SCHEDULE “A”

COLLINGWOOD RESOURCES CORPORATION

Suite 2500 – 700 West Georgia Street Vancouver, British Columbia V7Y 1B3 Telephone: 604-697-0028

NEWS RELEASE

COLLINGWOOD ANNOUNCES SHARE CONSOLIDATION

Vancouver, BC, Canada – August 23, 2021 – Collingwood Resources Corp. ( TSXV: COLL.P ) (the "Company") announces that the TSX Venture Exchange has (the “Exchange”) approved a share consolidation of the outstanding share capital of the Company (the "Consolidation") of the Company’s common shares on the basis of ten (10) pre-Consolidation common shares for one (1) post-Consolidation common share.

The Consolidation will be effective at the open of the market on Wednesday, August 25, 2021 (the "Effective Date"). The Company will not change its name as part of the Consolidation, but commencing on the Effective Date, the Company’s shares will trade on the TSX Venture Exchange (the “Exchange”) on a postConsolidated basis under a new CUSIP number, which is 194797205 (ISIN: CA1947972057). The Company's common shares will continue to trade on the Exchange under its current symbol "COLL.P".

The Company currently has 12,437,000 common shares issued and outstanding. As at the Effective Date the Company will have approximately 1,243,700 post-Consolidated common shares issued and outstanding. No fractional shares will be issued under the share consolidation and any fraction will be rounded down to the nearest whole number.

No action is required to be taken by security holders with respect to the Consolidation and outstanding certificates representing the Company common shares will not need to be exchanged.

ON BEHALF OF THE BOARD OF DIRECTORS OF COLLINGWOOD RESOURCES CORP.

"Scott Gibson" CEO, CFO and Director.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

THIS NEW RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS. THESE STATEMENTS ARE BASED ON CURRENT EXPECTATIONS AND ASSUMPTIONS THAT ARE SUBJECT TO RISKS AND UNCERTAINTIES. ACTUAL RESULTS COULD DIFFER MATERIALLY BECAUSE OF FACTORS DISCUSSED IN THE MANAGEMENT DISCUSSION AND ANALYSIS SECTION OF OUR INTERIM AND MOST RECENT ANNUAL FINANCIAL STATEMENT OR OTHER REPORTS AND FILINGS WITH THE TSX VENTURE EXCHANGE AND APPLICABLE CANADIAN SECURITIES REGULATIONS. WE DO NOT ASSUME ANY OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENTS.

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