First Andes Silver Ltd. — Board/Management Information 2022

Oct 6, 2022

FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1 . Name and Address of Company

MANTARO PRECIOUS METALS CORP.

3500 - 1055 Dunsmuir Street Vancouver, BC V7X 1H7

• Item 2 . Date of Material Change

  • October 3, 2022.

• Item 3 . News Release

The news release was issued on October 4, 2022.

• Item 4 . Summary of Material Change

Mantaro Precious Metals Corp. (the “Company” or “Mantaro”) announced the resignation of it’s Chief Executive Officer.

• Item 5 . Full Description of Material Change

On October 4, 2022, the Company announced that Craig Hairfield has resigned as Chief Executive Officer and director of the Company, effective immediately.

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

Not applicable.

• Item 7 . Omitted Information

None.

• Item 8 . Executive Officer

Christopher C. Wilson

Executive Chairman (647) 689-6041

• Item 9 . Date of Report

  • October 6, 2022.