Decade Resources Ltd. — Capital/Financing Update 2020

Aug 6, 2020

FORM 51-102F3 MATERIAL CHANGE REPORT

ITEM 1 Reporting Issuer

Decade Resources Ltd . (" Decade " or the " Company ")

611- 8[th] Street

Stewart, B.C. V0T 1W0

ITEM 2 Date of Material Change

Effective date for material change report on August 6[th] , 2020

ITEM 3 News Release

A news release announcing the material change was disseminated on August 5[th] , 2020.

ITEM 4 Summary of Material Change

Decade Resources Ltd. (the “ Company ”) is pleased to announce that the Company has closed its nonbrokered private placement (the “ Private Placement ”), as previously announced on June 29, 2020. Pursuant to the Private Placement, the Company issued an aggregate of 24,000,000 flow-through units (each, a “ Unit ”) at the price of $0.05 per Unit for gross proceeds of $1,200,000.

Each unit consists of one flow-through common share of the Company (each, a “ Common Share ”) and one transferable non-flow-through common share purchase warrant (each, a “ Warrant ”). Each Warrant will entitle the holder, on exercise thereof, to purchase one additional Common Share, at a price of $0.08 per Common Share, for a period of 24 months from the date of issuance. The proceeds of the Private Placement will be expended on the Company's properties located in British Columbia. In consideration for introducing certain subscribers to the Private Placement, the Company paid a cash fee totaling $17,700 to certain finders.

All securities issued under the Private Placement will be subject to a four month hold period expiring on December 6, 2020 under applicable Canadian securities laws. Closing of the Private Placement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange.

ITEM 5 Full Description of Material Change

See Schedule “A” attached for a copy of the news release announcing the material change. ITEM 6 Reliance on Subsection 7.1(2) of National Instrument 51-102

N/A

ITEM 7 Omitted Information

N/A

ITEM 8 Executive Officer

Randolph Kasum, Director (250) 636-2264 ITEM 9 Date of Report

August 6[th] , 2020