Phenom Resources Corp. — Board/Management Information 2024

Jan 24, 2024

FORM 51-102F3 MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Phenom Resources Corp. (the “ Company ”) 1100 – 1199 West Hastings Street Vancouver, BC V6E 3T5

Item 2 Date of Material Change

January 8, 2024

Item 3 News Release

The Company disseminated a news release announcing the material change described herein through the news dissemination services of Newsfile Corp. on January 8, 2024, and a copy was subsequently filed on SEDAR+.

Item 4 Summary of Material Change

The Company announced the appointment of Dave Mathewson to its Board of Directors.

Item 5 Full Description of Material Change

5.1 Full Description of Material Change

The Company announced the appointment of Dave Mathewson to its Board of Directors. Mr. Mathewson has been engaged as a Geological Advisor to the Company since late 2019. The quality and significance of the Company’s gold portfolio and targets and his desire to grow that portfolio in Nevada has compelled Mr. Mathewson to join the Company’s Board of Directors and continue his role in the ongoing advancement of substantial Nevada gold exploration opportunities for the Company.

Mr. Mathewson is a renowned Carlin Gold Trend specialist and former Newmont Mining Corporation Regional Exploration Manager. Mr. Mathewson was instrumental in several significant gold discoveries in the Rain and Railroad Mining Districts in the southern portion of the Carlin Gold Trend, where the Carlin Vanadium Project is located. During the 1990s while at Newmont, Mr. Mathewson led the team which discovered the Tess, Northwest Rain, Saddle, and South Emigrant gold deposits in the Rain District, which total over 4 million ounces of gold. In 2009, he was a founder of Gold Standard Ventures Corp. (GSV-TSX and NYSE) and served as its Vice President of Exploration until 2015. During this period, his exploration team discovered the North Bullion gold, Bald Mountain gold and copper, and Sylvania silver and copper deposits, as well as acquired the Pinion gold deposit, all in the Railroad District.

In addition, today the Company announces the resignation of Dr. Radomir Vukcevic as a director. Dr. Vukcevic has been a director of the Company since November 6, 2017, and has been a contributor in advancing the Company and its projects over the years.

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

For further information, please contact Paul Cowley, Chief Executive Officer, President and Director of the Company, at 604-340-7711or via email to pcowley@phenomresources.com.

Item 9 Date of Report

January 23, 2024