MOSAIC MINERALS CORP. — Capital/Financing Update 2022

Jun 3, 2022

FORM 51–102F3

MATERIAL CHANGE REPORT

Item	1	Name and Address of Company
		Mosaic Minerals Corp. (the “Company”)
		410 St-Nicolas, Suite 236
		Montreal, QC H2Y 2P5
Item	2	Date of Material Change
		May 24, 2022
Item	3	News Release
		A news release dated June 1, 2022 was disseminated and subsequently filed on SEDAR.
Item	4	Summary of Material Change
		The Company completed a non-brokered private placement for gross proceeds of
		$500,000.
Item	5	Full Description of Material Change
		On May 24, 2022, the Company closed a non-brokered private placement of 2,000,000
		units of the Company (the “Units”) at $0.010 and 2,500,000 flow-through units at $0.12,
		for gross proceeds of $500,000 (the “Offering”). The Company intends to use the proceeds
		from the Offering for general working capital.
		Each Unit consisted of one common share in the capital of the Company (a “Unit Share”)
		and one-half of one common Share purchase warrant of the Company (a “Unit Warrant”).
		Each Warrant is exercisable into one additional Share at an exercise price of $0.15 per
		Share on or before November 24, 2023.
		Each flow-through Unit consisted of one common share in the capital of the Company (a
		“FT Share”) on flow-through basis and one-half of one common Share purchase warrant
		of the Company (a “FT Warrant”). Each Warrant is exercisable into one additional Share
		at an exercise price of $0.18 per Share on or before November 24, 2023.
		All securities issued in connection with the Offering are subject to a statutory hold period
		of four months plus a day in accordance with applicable securities legislation ending on
		September 25, 2022.
Item	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
		Not applicable.
Item	8	Executive Officer
		Jonathan Hamel, President and CEO
		Tel: 514-531-8129
Item	9	Date of Report
		June 2, 2022