DEFSEC TECHNOLOGIES — Regulatory Filings 2020

Jul 7, 2020

Form 51-102F3

MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Foremost Ventures Corp. (“Foremost” or the “Company”) Suite 1510, 789 West Pender Street Vancouver, British Columbia V6C 1H2

Item 2 Date of Material Change

July 6, 2020

Item 3 News Release

News release was disseminated on July 6, 2020 via Stockwatch and Market News Publishing and filed on SEDAR.

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Item 4 Summary of Material Change

The Company announced with great sadness, that Mr. John Thompson, its chief executive officer and director of the Company, has passed away. Mr. John McCoach has been appointed as the interim chief executive officer.

Item 5.1 Full Description of Material Change

The material change described in Item 4 is fully described in the Company’s News Release of July 6, 2020 attached hereto and as filed on SEDAR.

Item 5.2 Disclosure for Restructuring Transactions

Not applicable.

Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

Not applicable.

Item 7 Omitted Information

Not applicable.

Item 8 Executive Officer

John McCoach, Interim CEO, at 604 562-6172

Item 9 Date of Report

July 6, 2020

Page 1 of 2

Material Change Report

Foremost Ventures Corp.

FOREMOST VENTURES CORP.

PRESS RELEASE FOR IMMEDIATE DISTRIBUTION

TSXV: FMV.P July 6, 2020

FOREMOST VENTURES CORP. MOURNS THE DEATH OF CHIEF EXECUTIVE OFFICER JOHN THOMPSON

Vancouver, British Columbia, Canada – With great sadness, Foremost Ventures Corp. (“ Foremost ”) announces that John Thompson, its Chief Executive Officer and director, has passed away. He was 64.

The Board of Directors of Foremost wishes to extend their deepest condolences to the Thompson family. As a friend and colleague, John will be greatly missed.

Effective immediately, John McCoach has been appointed as the interim Chief Executive Officer of Foremost.

Foremost is a capital pool company (“ CPC ”) within the meaning of the policies of the Exchange.

About Foremost

Foremost is a CPC created to identify and evaluate potential acquisitions of commercially viable businesses and assets that have the potential to generate profits and add shareholder value. Except as specifically contemplated in the CPC Policy of the Exchange, until the completion of the qualifying transaction, Foremost will not carry on business, other than the identification and evaluation of companies, businesses or assets with a view to completing a proposed qualifying transaction.

For further information, please contact:

John McCoach

Interim Chief Executive Officer Telephone: (604) 562 6172