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Discovery Silver Corp. Board/Management Information 2022

Jul 14, 2022

44004_rns_2022-07-13_27fac657-e514-4236-9953-936723a8ec21.pdf

Board/Management Information

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FORM 51-102F3 MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Discovery Silver Corp. (the “ Company ”) 701-55 University Avenue Toronto, ON M5J 2H7

Item 2 Date of Material Change

June 6, 2022

Item 3 News Release

A news release was issued on June 6, 2022, in respect of the material change by the Company through the facilities of Globe Newswire.

Item 4 Summary of Material Change

Taj Singh resigned from his positions as President, Chief Executive Officer, and director of the Company. Tony Makuch, a director of the Company, was appointed as the Interim Chief Executive Officer of the Company effective immediately.

Item 5 Full Description of Material Change

Taj Singh resigned from his positions as President, Chief Executive Officer, and director of the Company for personal reasons.

Tony Makuch, a director of the Company, was appointed as the Interim Chief Executive Officer of the Company effective immediately. Mr. Makuch was most recently Chief Executive Officer of Kirkland Lake Gold Ltd., a leading senior global gold company with operations in Ontario and Australia.

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

N/A

Item 7 Omitted Information

N/A

Item 8 Executive Officer

Andreas L'Abbé, Chief Financial Officer 416.613.9413 Item 9 Date of Report July 13, 2022