Phenom Resources Corp. — Regulatory Filings 2021

Jun 30, 2021

Form 51-102F3 Material Change Report

Item 1: Name and Address of Company

First Vanadium Corp. 880- 580 Hornby Street Vancouver, BC V6C 3B6

Item 2: Date of Material Change

June 30, 2021

Item 3:

News Release

News Release dated June 30, 2021 disseminated via Newsfile Corp.

Item 4: Summary of Material Change

On June 30, 2021, the Company announced that it will be changing its name to “Phenom Resources Corp.” effective July 6, 2021 to reflect that it is no longer solely focused on vanadium, as it is currently exploring for gold and copper as well as vanadium on its properties.

The Company’s common shares will commence trading on the TSX Venture Exchange under the new name “Phenom Resources Corp.” at the opening of trading on July 6, 2021, under the new trading symbol “PHNM”. A new CUSIP (71743P107) and ISIN (CA71743P1071) has been obtained to replace the previous CUSIP number.

Item 5: Full Description of Material Change

On June 30, 2021, the Company announced that it will be changing its name to “Phenom Resources Corp.” effective July 6, 2021 to reflect that it is no longer solely focused on vanadium, as it is currently exploring for gold and copper as well as vanadium on its properties.

The Company’s common shares will commence trading on the TSX Venture Exchange under the new name “Phenom Resources Corp.” at the opening of trading on July 6, 2021, under the new trading symbol “PHNM”. A new CUSIP (71743P107) and ISIN (CA71743P1071) has been obtained to replace the previous CUSIP number.

No action will be required by existing shareholders with respect to the name change. Certificates representing common shares of First Vanadium Corp. will not be affected by the name change and will not need to be exchanged. The Company encourages any shareholders with any questions or concerns to contact the Company or to discuss any of the foregoing with their broker or agent.

Paul Cowley, President & CEO of the Company, commented: “We’re excited and proud to announce our new branding, website and logo that are both bold and inspirational. This will add to our visibility, clarity and distinction in the market, aligning with our broader based multi commodity path.”

Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

N/A

Item 7:

Omitted Information

N/A

Item 8:

Executive Officer

Paul S. Cowley President, CEO and Director Tel: (778) 655-4311

Item 9: Date of Report

June 30, 2021

“Paul Cowley”

Paul Cowley, President & CEO