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Principal Technologies Inc. Regulatory Filings 2021

Mar 29, 2021

47634_rns_2021-03-29_75726181-0e30-4cc5-9ac4-2c81b01b743a.pdf

Regulatory Filings

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Form 51-102F3

MATERIAL CHANGE REPORT

Item 1

Name and Address of Company

Principal Technologies Inc

(Formerly Connaught Ventures Corp.) (“Principal” or the “Company”) Suite 1510, 789 West Pender Street Vancouver, British Columbia V6C 1H2

Item 2 Date of Material Change

December 1, 2020

Item 3 News Release

News release was disseminated on March 26, 2021 via Stockwatch and Market News Publishing and filed on SEDAR.

.

Item 4 Summary of Material Change

The Company has changed its name to Principal Technologies Inc. by filing a Notice of Alteration for the name change effective December 1, 2020. The new name has been chosen to reflect the Company’s new strategic focus on investments upon completion of its proposed qualifying transaction. In connection with the name change the Company has reserved the symbol “PTEC”. The proposed name change is subject to the approval of the TSX Venture Exchange.

Item 5.1 Full Description of Material Change

The material change described in Item 4 is fully described in the Company’s News Release of March 26, 2021 attached hereto and as filed on SEDAR.

Item 5.2 Disclosure for Restructuring Transactions

Not applicable.

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

Not applicable.

Item 7 Omitted Information

Not applicable.

Item 8 Executive Officer

John McCoach, Interim CEO, at 604 562-6172

Item 9 Date of Report

March 29, 2021

Principal Technologies Inc.

Material Change Report

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