Lode Gold Resources Inc. — Capital/Financing Update 2020

Oct 8, 2020

MATERIAL CHANGE REPORT FORM 51-102F3

Item 1. Name and Address

Stratabound Minerals Corp. (the “ Company ”) 100 King Street West Suite 5700 Toronto, ON M5X 1C7

Item 2. Date of Material Change

October 8, 2020

Item 3. News Release

The news release describing the material change was disseminated on October 8, 2020 through Newsfile Corp and filed on SEDAR.

Item 4. Summary of Material Change

The Company announced that it has closed the final tranche of its non-brokered Flow-Through Unit Private placement (the “Financing”). In the first tranche the Company raised proceeds of $115,000 through the sale of 460,000 Units. In the second tranche the Company raised proceeds of $240,000 through the sale of 960,000 Units. In the third and final tranche the Company raised proceeds of $1,235,000. The Company paid finders fees on the final tranche to qualified finders of $61,750 and issued 247,000 broker warrants, exercisable at $0.24 for a period of 18 months. The Company raised a total of $1,590,000.

Securities issued pursuant to the final tranche are subject to trading restrictions until February 9, 2021.

Proceeds will be used for qualifying exploration expenditures of the Company in relation to the Golden Culvert and Little Hyland properties in the Yukon Territory, and the McIntyre Brook and Captain properties in New Brunswick.

Item 5. Full Description of Material Change

5.1 Full Description of Material Change

The Company announced that it has closed the final tranche of its non-brokered Flow-Through Unit Private placement (the “Financing”). In the first tranche the Company raised proceeds of $115,000 through the sale of 460,000 Units. In the second tranche the Company raised proceeds of $240,000 through the sale of 960,000 Units. In the third and final tranche the Company raised proceeds of $1,235,000. The Company paid finders fees on the final tranche to qualified finders of $61,750 and issued 247,000 broker warrants, exercisable at $0.24 for a period of 18 months. The Company raised a total of $1,590,000.

Pursuant to the terms of the Financing, each Flow-Through Unit is comprised of one common share and one-half of a warrant. One whole warrant will entitle the holder thereof to purchase one non flow-through common share at $0.35 for a period of 2 years from the date of issue. The warrant also contains an acceleration clause wherein if the Common Shares trade at $0.45 for 10 days the Company has the right to accelerate the expiration date upon 30 days’ notice to the holders.

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Securities issued pursuant to the final tranche are subject to trading restrictions until February 9, 2021.

Proceeds will be used for qualifying exploration expenditures of the Company in relation to the Golden Culvert and Little Hyland properties in the Yukon Territory, and the McIntyre Brook and Captain properties in New Brunswick.

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

No information has been omitted in respect of this material change.

Item 8. Executive Officer

The following executive officer of the Company is knowledgeable about the material change disclosed in this report and may be contacted as follows:

R. Kim Tyler, President Telephone: 416 915-4157

Item 9. Date of Report

October 8, 2020.

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