Gold Strike Resources Corp. — Capital/Financing Update 2025

Jan 10, 2025

Form 51–102F3
MATERIAL CHANGE REPORT

Item 1. Name and Address of Company
Sanatana Resources Inc. (“Sanatana” or the “Company”)
1910 – 925 West Georgia Street
Vancouver, BC V6C 3L2

Item 2. Date of Material Change
December 31, 2024.

Item 3. News Release
A news release was disseminated via Stockwatch and SEDAR+ filed on December 31, 2024.

Item 4. Summary of Material Change
The Company entered into a secured promissory note with an arm’s length party dated effective December 30, 2024, pursuant to which the lender provided a secured promissory note to the Company in the principal amount of $200,000.

The proceeds from the loan are being used by the Company to satisfy the final option payment for the Company to exercise, and acquire, a 60% interest in the Oweegee Dome Project pursuant to the option agreement between Sanatana and ArcWest Exploration Inc. dated July 19, 2021.

Item 5. Full Description of Material Change

5.1 Full Description of Material Change
The Company announced that it entered into a secured promissory note with an arm's length party (the “Lender”) dated December 30, 2024, pursuant to which the Lender provided a secured promissory note (the “Loan”) to the Company in the principal amount of $200,000.

The Loan is secured and bears interest at the rate of 10% per year, due monthly in arrears. The Loan has a one-year term with maturity on December 31, 2025. The first interest payment is due January 31, 2025, and every month thereafter from December 31, 2024 until maturity.

The proceeds from the Loan are being used by the Company to satisfy the final option payment for the Company to exercise, and acquire, a 60% interest in the Oweegee Dome Project pursuant to the option agreement between Sanatana and ArcWest Exploration Inc. (“ArcWest”) dated July 19, 2021 (the “Option Agreement”). For further details on the Option Agreement, see the Company's news release dated July 21, 2021 (a copy of which is available under the Company's SEDAR+ profile at www.sedarplus.ca).

LEGAL_45681755.1

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LEGAL_45681755.1

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Option Agreement

Sanatana has provided notice to ArcWest that within the time periods specified by the Option Agreement that Sanatana has made the required payments, Common Share issuances, and incurred the required exploration expenditures to earn, without any further act, the Initial Interest (as such term is defined in the Option Agreement, being a 60% undivided interest in and to the Oweegee Dome Project, free and clear of all encumbrances other than the existing royalty). Sanatana has elected not to proceed with the Second Option (as such term is defined in the Option Agreement) and accordingly the Joint Venture will be formed as follows: a 60% interest in the Joint Venture in favour of Sanatana and a 40% interest in the Joint Venture in favour of ArcWest. Pursuant to the terms of the Option Agreement, Sanatana and ArcWest are now required to negotiate in good faith and use all reasonable efforts to enter into the joint venture agreement within 90 days from the date hereof. Sanatana will be the initial operator of the Joint Venture given that it holds a 50% or greater interest in the Joint Venture.

5.2 Disclosure for Restructuring Transactions

Not applicable.

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

Not applicable.

Item 7. Omitted Information

None.

Item 8. Executive Officers

The following senior officer of the Company is knowledgeable about the material change and this Material Change Report and may be contacted:

Peter Miles, Chief Executive Officer
Telephone: 604-408-6680
Email: investor@sanatanaresources.com.

Item 9. Date of Report

DATED at Vancouver, BC, this 10th day of January, 2025.