EnviroMetal Technologies Inc. — Capital/Financing Update 2020

Apr 2, 2020

FORM 51-102F3

MATERIAL CHANGE REPORT

Name and Address of Company Item 1

EnviroLeach Technologies Inc. Unit 114, 8331 Eastlake Drive Burnaby, BC V5A4W2

Date of Material Change Item 2

March 23, 2020

News Release Item 3

A news release dated March 27, 2020 was disseminated and subsequently filed on SEDAR.

Summary of Material Change Item 4

EnviroLeach Technologies Inc. completed a non-brokered private placement for \$2.5 Million.

Full Description of Material Change Item 5

EnviroLeach Technologies Inc. (the "Corporation" or "EnviroLeach"), (CSE: ETI) (OTCQB: EVLLF), completed its non-brokered private placement offering of 3,344,001 units (each, a "Unit") at a subscription price of CAD\$0.75 per Unit, representing total gross proceeds of CAD\$2,508,001.

Each Unit consists of one common share in the capital of the Corporation and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one common share in the capital of the Corporation (a "Warrant Share") at a price of CAD\$1.00 at any time prior to 4:30 pm (PDT) on for a period of two years. The expiry date of the Warrants is subject to acceleration as follows: If at any time after July 25, 2020, the closing price (or closing bid price on days when there are no trades) of the common shares on the Canadian Securities Exchange exceeds CAD\$2.00 for 15 consecutive trading days, then, the Corporation may send Warrant holders notice of acceleration of the expiry date ("Amended Expiry Date") and issue a news release announcing the Amended Expiry Date. The Amended Expiry Date will be 30 days after the date on which notice of the new date is sent to the Warrant holders

The securities issued in connection with this private placement will be subject to a hold period under Canadian securities legislation which will expire on July 24, 2020. Finders fees of \$37,800 in cash were paid and 42,000 compensation warrants ("Compensation Warrant") were issued in connection with the private placement. Each Compensation Warrant will entitle the holder to purchase one unit (consisting of one common share and one common share purchase warrant) at the private placement offering price of \$0.75 per unit and will be exercisable for a period of two years. Each underlying common share purchase warrant will be subject the same terms as the Warrants. The Corporation intends to use the proceeds from the private placement for general working capital, E-Waste facility upgrades and to continue the development of its technologies.

Disclosure for Restructuring Transactions Item $5.2$

Not applicable.

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

Not applicable.

Omitted Information Item 7

Not applicable.

Executive Officer Item 8

Don Weatherbee Corporate Secretary Tel: 604 428-2400

Date of Report Item 9

April 2, 2020