PJX Resources Inc. — Capital/Financing Update 2021

Sep 16, 2021

FORM 51-102F3

MATERIAL CHANGE REPORT UNDER NATIONAL INSTRUMENT 51-102

Item 1. – Reporting Issuer:

PJX Resources Inc. 100 King Street West, Suite 5600 Toronto, Ontario M5X 1C9

Item 2. – Date of Material Change:

September 14, 2021

Item 3. – Press Release:

A news release with respect to the material change referred to in this report was issued through newswire services on September 16, 2021 and filed on the system for electronic document analysis and retrieval (SEDAR).

Item 4. – Summary of Material Change:

PJX Resources Inc. announced that, subject to TSX Venture Exchange approval, it has granted stock purchase options.

Item 5. – Full Description of Material Change:

The Company's board of directors has authorized granting stock purchase options to certain directors, employees and consultants to acquire an aggregate of 2,685,000 common shares at an exercise price of $0.20, expiring September 12, 2026. The foregoing is subject to regulatory acceptance.

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

N/A

Item 7. – Omitted Information:

N/A

Item 8. – Executive Officer:

Inquiries in respect of the material change referred to herein may be made to: Linda Brennan, Chief Financial Officer

Telephone: (416) 799-9205 Email: lbrennan@pjxresources.com Website: www.pjxresources.com

Item 9. – Date of Report:

September 16, 2021