Fokus Mining Corporation — Capital/Financing Update 2020

Mar 23, 2020

Form 51 – 102F3

Material Change Report

1. Name and Address of Company

Fieldex Exploration Inc. (“ Fieldex ”) C.P. 491 Rouyn-Noranda, Québec J9X 5C4.

2. Date of Material Change

March 20, 2020

3. News Release

Fieldex issued a news release with respect to the material change described below on March 23, 2020 via CNW Telbec.

4. Summary of Material Change

Fieldex completed a closing of a private placement by issuing 3,000,000 units at a price of $0.05 per unit, for gross proceeds to Fieldex of $150,000. Fieldex also completed debt settlement transactions by issuing an aggregate of 2,276,160 common shares at a deemed price of $0.05 per share to three creditors, along with the transfer of its interest in certain mining claims comprising of the Lac Sairs Property, in settlement of debts in an aggregate amount of $113,808.

5. Full Description of Material Change

5.1 Full Description of Material Change

Fieldex completed a closing of a private placement by issuing 3,000,000 units at a price of $0.05 per unit, for gross proceeds to Fieldex of $150,000. Each of the units is comprised of one common share and one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of Fieldex at a price of $0.08 until March 20, 2022.

Fieldex will use the proceeds from the closing of the private placement for working capital purposes.

Fieldex also completed debt settlement transactions by issuing an aggregate of 2,276,160 common shares at a deemed price of $0.05 per share to three creditors, along with the transfer of its interest in certain mining claims comprising of the Lac Sairs Property, in settlement of debts in an aggregate amount of $113,808.

As a result of the closing of the private placement and debt settlement transactions, there are 20,944,183 common shares of Fieldex issued and outstanding on a non-diluted basis. Under applicable securities legislation and the policies of the TSX Venture Exchange, the securities issued in the private placement and the debt settlement transactions are subject to a four-month hold period, expiring on July 21, 2020.

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6. Disclosure required for a “Restructuring Transaction”

Not applicable.

7. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

Not applicable.

8. Omitted Information

Not applicable.

9. Executive Officer

The executive officer who can answer questions regarding this report is Mr. Martin Dallaire, President of Fieldex. Mr. Dallaire can be reached at (819) 762-0609.

10. Date of Report

March 23, 2020.