Ibero Mining Corp. — Board/Management Information 2024

Aug 22, 2024

Form 51-102F3 Material Change Report

Item 1: Name and Address of Company

Europacific Metals Inc. (“Europacific” the “Company”) 1100 - 1111 Melville Street, Vancouver, BC V6E 3V6

Item 2: Date of Material Change

August 19, 2024

Item 3: News Release

A news release was disseminated through Stockwatch on August 22, 2024 and subsequently filed on SEDAR+.

Item 4: Summary of Material Change

The Company announced that Karim Rayani has been appointed as Executive Chairman of the Company and Wazir Khan has joined the board of directors of the Company. Catalin Kifloski has resigned as a director and Executive Chairman of the Company.

Item 5: Full Description of Material Change

The Company announced that Mr. Karim Rayani, who has been serving as the Company’s Chief Executive Officer, Director since October 17, 2023, has now been appointed as Executive Chairman of the Board effectively immediately. Mr. Rayani will continue to hold the position of Chief Executive Officer alongside of his responsibilities as Executive Chair succeeding Catalin Kilofliski. The board of Directors thanks Catalin for his years of service to the Company, he was instrumental in forming EuroPacific. We wish him well in his future endeavors.

In addition to these management changes, EuroPacfic has appointed Dr. Wazir Khan, a renowned exploration geologist with more than 30 years’ experience spanning multiple metallogenic districts including Au-Cu-Mo-Ag porphyries, Abitibi greenstone epithermal Au deposits-Cariboo gold belt. He has expertise in mineral exploration from greenfield and brownfield to feasibility studies in the mining sector. He holds a Ph.D. in economic geology and igneous petrology from University of Iowa, USA, M.Phil. in mineralogy from University of Baluchistan, and M.Sc. in mineralogy/petrology, from University of Peshawar, Pakistan. His career includes work with the Pakistan Atomic Energy Commission, Geological Survey of Pakistan, Iowa Geological Survey, US, Noront Resources, Premier Gold Mines, Red Lake Gold Mines, Barkerville Gold Mines, Rich Copper Exploration and Advanced Gold Exploration. Dr. Khan has been a member of the team involved in early exploration work at Reko Dig Cu-Au porphyry deposit of Barrik Gold in Baluchistan, Pakistan, and early-stage exploration in discovery of Ring of Fire chromite, nickel, platinum, palladium, and zinc deposits in northern Ontario. He has supervised open pit mine operation of Barkerville Gold Mines at Bonanza Ledge mine in BC Cariboo gold belt, Key Lake and Hard Rock drill exploration programs for Goldstone Resources and Premier Gold Mines in Abitibi greenstone Belt, Buck Lake, Dobie Lake, and Melba drilling exploration for Rich Copper, Advanced United and Advanced Gold Exploration in Sault Ste Marie and Timmins areas in northern

Ontario. Dr. Khan’s teaching includes at University of Iowa as Teaching Assistant and Principal Scientific Officer at COMSATS, Abbottabad Pakistan. Dr. Khan is member of Geological Society of Canada. His geological research, geological mapping, metallogenic modelling, and exploration work has resulted in publications of over a dozen reports, maps and research papers.

“Wazir Khan’s addition to our board strengthens our technical capabilities, his extensive experience in finding and developing projects from exploration through development will be of great benefit to EuroPacific,” said Karim Rayani, Chairman & Chief Executive Officer of EuroPacific. “He will be a tremendous asset to the Company as we further develop our project portfolio in Portugal along the Iberian Peninsula. I would like to finish by thanking Catalin for his years of service to the Company, under his leadership the Company made great strides, and we wish him well in his future endeavors.”

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

This report is not being filed on a confidential basis.

Item 7: Omitted Information

There are no significant facts required to be disclosed herein which have been omitted.

Item 8: Executive Officer

Contact: Karim Rayani, CEO, President, and Director Telephone: (604) 716-0551

Item 9: Date of Report

August 22, 2024