Decade Resources Ltd. — Capital/Financing Update 2022

Oct 14, 2022

FORM 51-102F3 MATERIAL CHANGE REPORT

ITEM 1 Reporting Issuer

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

Stewart, B.C. V0T 1W0

ITEM 2 Date of Material Change

Effective date for material change of October 6, 2022

ITEM 3 News Release

A news release announcing the material change was disseminated on October 6, 2022.

ITEM 4 Summary of Material Change

Decade Resources Ltd. (“Decade” or the Company) has closed a non-brokered private placement of flowthrough and non-flow-through units to raise aggregate gross proceeds of $635,400.

A total of 3,420,000 flow-through units were issued at the price of 12 cents per unit to raise $410,400 and 2,250,000 non flow-through units were issued at the price of 10 cents per unit to raise $225,000. Each flowthrough unit consists of one flow-through common share of the company and one transferable non-flowthrough common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 42 months, one additional common share of the company, at a price of 16 cents per share. Each non flowthrough unit consists of one common share of the company and one transferable common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the company, at a price of 13 cents per share.

All of the shares and warrants, and any shares issued upon exercise of the warrants comprising the units, are subject to a hold period and may not be traded in Canada until February 7, 2023, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

In consideration for introducing certain subscribers to the private placement, the company paid a cash finder’s fee totaling $28,800 and issued 240,000 warrants at $0.16 to certain finders.

Edward Kruchkowski, CEO of the Company, participated in the private placement for a total of $50,400.

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 October 14, 2022

Decade Resources Ltd. 426 King Street Stewart, BC V0T 1W0

TSX.V Trading Symbol: DEC

NEWS RELEASE

October 6, 2022

DECADE ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF FLOWTHROUGH AND NON-FLOW-THROUGH UNITS

Stewart, BC – Decade Resources Ltd. (“Decade” or the Company) has closed a non-brokered private placement of flow-through and non-flow-through units to raise aggregate gross proceeds of $635,400.

A total of 3,420,000 flow-through units were issued at the price of 12 cents per unit to raise $410,400 and 2,250,000 non flow-through units were issued at the price of 10 cents per unit to raise $225,000. Each flowthrough unit consists of one flow-through common share of the company and one transferable non-flowthrough common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 42 months, one additional common share of the company, at a price of 16 cents per share. Each non flowthrough unit consists of one common share of the company and one transferable common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the company, at a price of 13 cents per share.

All of the shares and warrants, and any shares issued upon exercise of the warrants comprising the units, are subject to a hold period and may not be traded in Canada until February 7, 2023, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

In consideration for introducing certain subscribers to the private placement, the company paid a cash finder’s fee totaling $28,800 and issued 240,000 warrants at $0.16 to certain finders.

Edward Kruchkowski, CEO of the Company, participated in the private placement for a total of $50,400.

The proceeds from the sale of the flow-through units will be expended on the company's properties located in British Columbia and the proceeds from the sale of non-flow-through units will be used for working capital purposes.

The Company would also like to report the granting, subject to regulatory acceptance, of 1,500,000 incentive stock options to certain advisers of the Company (the “Options”). The Options have a term of 5 years and are exercisable at a price of $0.10 per common share.

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 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.”