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O2Gold Inc. Board/Management Information 2022

Feb 3, 2022

47028_rns_2022-02-03_898d78b0-6d2e-4d9b-82bb-a2d246ad1c08.pdf

Board/Management Information

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FORM 51-102F3 MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

O2Gold Inc. (“ O2Gold ” or the “ Company ”)

198 Davenport Road Toronto, Ontario M5R 1J2

Item 2 Date of Material Change

February 2, 2022

Item 3 News Release

A news release was issued by O2Gold through the facilities of GlobeNewswire on February 2, 2022 and was subsequently filed on SEDAR.

Item 4 Summary of Material Change

Fayyaz Alimohamed and Raziel Zisman resigned from the board of directors of the Company, effective immediately.

Item 5 Full Description of Material Change

Fayyaz Alimohamed and Raziel Zisman resigned from the board of directors of the Company, effective immediately.

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

Jaime Lalinde, President and CEO (57) 312 350 5864

Item 9 Date of Report

February 3, 2022