Metalsource Mining Inc. — Share Issue/Capital Change 2026

Jan 8, 2026

Form 51-102F3
Material Change Report

1. Name and Address of Company

Metalsource Mining Inc.
700-838 West Hastings Street
Vancouver, BC, V6C 0A6

(the "Company")

1. Dates of Material Change(s)

January 2, 2025

1. News Release(s)

A news release was issued on January 2, 2026 and disseminated via Globe Newswire pursuant to section 7.1 of National Instrument 51–102.

1. Summaries of Material Changes

The Company announces that the Company has granted an aggregate of 3,000,000 incentive stock options (the "Options") to employees, officers, directors and consultants of the Company.

1. Full Description of Material Changes

News Release dated January 2, 2026 – See Schedule “A”

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

Not applicable.

1. Omitted Information

No information has been omitted.

1. Executive Officer

Mr. Joseph Cullen, CEO of the Company, is knowledgeable about the material change contained herein and may be reached at (778) 919-8615.

1. Date of Report

This report is dated January 7, 2026.

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SCHEDULE "A"
to the Material Change Report dated January 7, 2026

METALSOURCE MINING GRANTS STOCK OPTIONS

VANCOUVER, BRITISH COLUMBIA, January 2, 2025 – METALSOURCE MINING INC. (the "Company" or "Metalsource") (CSE: "MSM") announces that the Company has granted an aggregate of 3,000,000 incentive stock options (the "Options") to employees, officers, directors and consultants of the Company. The Options are exercisable at $0.63 per share for a period of five years from the date of grant. All Options are subject to a hold period of four months and one day. The Options have been granted under and are governed by the terms of the Company's Stock Option Plan.

About Metalsource Mining Inc.

The Company is engaged in acquisition, exploration and development of mineral property assets. The Company's objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Aruba Property. The Aruba Property is located in the Kalahari Desert region of Botswana, covering 4,663 square kilometers in an area prospective for platinum group metals, gold, silver, and manganese mineralization.

For more information, please refer to SEDAR+ (www.sedarplus.ca), under the Company's profile.

ON BEHALF OF THE BOARD OF DIRECTORS

Joseph Cullen, Chief Executive Officer and Director
For more information please contact:
Mr. Joseph Cullen
Phone: 778-919-8615
Email: jpacullen@gmail.com
Website: https://www.metalsourcemining.com