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Prospect Ridge Resources Corp. Board/Management Information 2021

Nov 26, 2021

47999_rns_2021-11-25_abb43090-17a2-4bed-8f56-94b363f4142b.pdf

Board/Management Information

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FORM 51-102F3 MATERIAL CHANGE REPORT

ITEM 1. NAME AND ADDRESS OF COMPANY

Prospect Ridge Resources Corp. (the " Company ") 488 – 1090 West Georgia St. Vancouver, BC V6E 3V7

ITEM 2. DATE OF MATERIAL CHANGE

November 5, 2021

ITEM 3. NEWS RELEASE

Issued on November 5, 2021, and distributed through the facilities of GlobeNewswire.

ITEM 4. SUMMARY OF MATERIAL CHANGE

The Company announced that Bennett Liu has resigned from his position as Chief Financial Officer (“ CFO ”) the Company has appointed Stella Chen as the new CFO.

ITEM 5.1 FULL DESCRIPTION OF MATERIAL CHANGE

The Company announced that Bennett Liu has resigned from his position as CFO. Mr. Liu is an associate of Red Fern Consulting Ltd. (“ Red Fern ”), which provides the Company with accounting and advisory services. The Company has chosen to replace Mr. Liu with Stella Chen, a senior associate with Red Fern. Ms. Chen is a graduate from Simon Fraser University and the University of British Columbia. She is a Chartered Professional Accountant candidate and has worked in a variety of roles for publicly listed companies on the TSX and TSXV. Ms. Chen will step into the role of CFO effective immediately.

ITEM 5.2 DISCLOSURE FOR RESTRUCTING TRANSACTION

Not applicable.

ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102 Not applicable.

ITEM 7. OMITTED INFORMATION Not applicable.

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ITEM 8. EXECUTIVE OFFICER Contact: Michael Iverson, Chief Executive Officer and Director Telephone: 604-351-3351 ITEM 9. DATE OF REPORT November 25, 2021