P2 Gold Inc. — Board/Management Information 2021

Oct 29, 2021

FORM 51-102F3 MATERIAL CHANGE REPORT

ITEM 1. NAME AND ADDRESS OF ISSUER

P2 Gold Inc. (the " Company ") 1100 – 355 Burrard Street Vancouver, BC V6C 2G8

ITEM 2. DATE OF MATERIAL CHANGE

June 15, 2021

ITEM 3. NEWS RELEASE

Issued on June 15, 2021 and distributed through the facilities of GlobeNewswire. The new release was filed on SEDAR at www.sedar.com.

ITEM 4. SUMMARY OF MATERIAL CHANGE

The Company announced that Grant Bond was appointed as its new Chief Financial Officer, with Tom Yip voluntarily stepping down as Chief Financial Officer. Mr. Yip will continue to serve on the Company’s board of directors.

ITEM 5.1 FULL DESCRIPTION OF MATERIAL CHANGE

Appointment of Grant Bond as Chief Financial Officer

The Company announced that Grant Bond was appointed as its new Chief Financial Officer, with Tom Yip voluntarily stepping down as Chief Financial Officer. Mr. Yip will continue to serve on the Company’s board of directors.

Grant Bond has over 12 years of professional financial experience and most recently served as Corporate Controller of Pretium Resources Inc. (“ Pretium ”) He began his tenure at Pretium in 2016 where he helped improve its external reporting and internal controls framework as the Brucejack Mine transitioned into production. Mr. Bond is a CPA, CA and began his career at PricewaterhouseCoopers LLP after obtaining his Diploma in Accounting and Bachelor of Science from the University of British Columbia.

ITEM 5.2 DISCLOSURE FOR RESTRUCTURING TRANSACTIONS

Not applicable.

ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102

Not Applicable.

• 2 -

ITEM 7. OMITTED INFORMATION

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

ITEM 8. EXECUTIVE OFFICER Contact: Joseph Ovsenek, President and Chief Executive Officer Telephone: (604) 765-3424

ITEM 9. DATE OF REPORT October 29, 2021