Copperhead Resources Inc. — Board/Management Information 2025

May 2, 2025

FORM 51-102F3
MATERIAL CHANGE REPORT

Item 1. Name and Address of Company
Copperhead Resources Inc. (the “Company” or “Copperhead”)
607 - 1750 Davie Street
Vancouver, BC
V6G 1W3

Item 2. Date of Material Change
May 2, 2025

Item 3. News Release
The Company issued press releases regarding the matters herein via a Canadian newswire service on May 2, 2025, copies of which have been filed on SEDAR+.

Item 4. Summary of Material Change
On May 2, 2025, the Company appointed Keith Li as Chief Financial Officer (“CFO”), following the resignation of Mike Dai.

Item 5. Full Description of Material Change
On May 2, 2025, the Company appointed Keith Li as Chief Financial Officer (“CFO”), following the resignation of Mike Dai.

Keith Li brings more than 15 years of experience in corporate accounting, finance, equity markets, financial reporting, and public company administration. Specializing in management advisory services, regulatory compliance, and financial strategy, he has served as CFO for multiple TSXV and CSE-listed companies, including in the junior mining, cannabis, health & wellness, and merchant banking sectors. Keith is a Chartered Professional Accountant (CPA, CA) and holds a Bachelor of Commerce from McGill University.

The Company thanks Mr. Dai For his contributions to the Company.

Item 6. Reliance on Subsection 7.1(2) of National Instrument 51-102
Not Applicable.

Item 7. Omitted Information
No significant facts have been omitted from this Material Change Report.

Item 8. Executive Officer
The following senior officer of the Company is knowledgeable about the material change and this report and may be contacted by the Commission as follows:

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Damian Lopez
President & CEO
Copperhead Resources Inc.
Phone: (647) 368-7789
Website: www.copperheadresourcesinc.com

Item 9. Date of Report
May 2, 2025

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