Decade Resources Ltd. — Capital/Financing Update 2020

Jul 16, 2020

Form 53-901.F Material Change Report Under Section 85(1) of the Securities Act (British Columbia)

Form 27 Material Change Report Under Section 118(1) of the Securities Act (Alberta)- Form 27

Item 1 Reporting Issuer Decade Resources Ltd. (the "Company") 611 8th Street Stewart, B. C. V0T 1W0

Item 2 Date of Material Change July 6 2020

Item 3 Press Release/Publication/Filing Issued July 6 2020 and distributed through the facilities of Canada Stockwatch and Market News.

Item 4 Announcement on Oversubscribed private Placement

Item 5 Full Description of Material Change See attached press release.

Item 6 Reliance on Confidentiality Provisions of the Securities Acts This report is not being filed on a confidential basis.

Item 7 Omitted Information There are no significant facts required to be disclosed herein which have been omitted.

Item 8 Senior Officer Contact: Randolph Kasum, Secretary Telephone: (250) 636-9283

Item 9 Statement of Senior Officer/Director The foregoing accurately discloses the material change referred to herein.

‘Ed Kruchkowski’

Ed Kruchkowski, Director/CEO

DATED at Stewart, B.C., this 6th day July 2020 in connection with the Company’s July 6th, 2020, press release.

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Decade Resources Ltd. 426 King Street Stewart, BC V0T 1W0 TSX.V Trading Symbol: DEC

NEWS RELEASE

July 6, 2020

DECADE ANNOUNCES $1.2 MILLION OVER SUBSCRIBED PRIVATE PLACEMENT; ERIC SPROTT TO PURCHASE 10 MILLION UNITS

Stewart, BC – Decade Resources Ltd. has arranged, subject to approval from the TSX Venture Exchange, a non-brokered private placement of up to 24 million units for gross proceeds of up to $1.2-million. The offering will comprise 24 million flow-through units, at a price of five cents per flow-through unit. Each flowthrough unit will be comprised of one flow-through common share and one transferable non-flow-through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.08 per share, for a two year period.

Mr. Eric Sprott has agreed to invest $500,000 in the private placement, for the acquisition of 10 million units.

Ed Kruchkowski, president of Decade, commented: "We are very pleased to welcome Mr. Sprott as a key shareholder in our company. His investment is a strong endorsement of our exploration efforts in testing the gold-silver potential of the Del Norte property optioned from Teuton Resources Corp.."

The proceeds of the private placement will be used for an exploration program at the Del Norte gold-silver project. Finders' fees may be paid on the offering pursuant to the policies of the TSX Venture Exchange. All securities issued will be subject to a four-month hold period, which will expire on the date that is four months and one day from the date of issue.

The Del Norte property was optioned from Teuton Resource Corp. in January of 2020 with terms allowing the Company to earn up to a 55% interest in the property by spending $4 million over a five year period. The Company can an earn an additional

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company.

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at

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www.decaderesources.ca which is presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

"Ed Kruchkowski" Ed Kruchkowski, President

"Neither the 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 news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."