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Red Pine Exploration Inc. Board/Management Information 2024

Feb 28, 2024

43359_rns_2024-02-28_7191e413-d348-4fb1-8163-1058c8820142.pdf

Board/Management Information

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FORM 51-102F3 MATERIAL CHANGE REPORT

1. Name and Address of Company

Red Pine Exploration Inc. (the “ Issuer ”) 1001 – 145 Wellington Street West Toronto, ON M5J 1H8

2. Date of Material Change

February 21, 2024.

3. News Release

The news release announcing the material change referred to in this report was disseminated via Globe Newswire on February 21, 2024, and was subsequently filed on SEDAR+.

4. Summary of Material Change

The Issuer announced that Quentin Yarie stepped down as President & Chief Executive Officer of the Issuer. Paul Martin, the Chair of the Board of Directors of the Issuer (the “Board”), has assumed the role of Interim CEO.

5. Full Description of Material Change

The Issuer announced that Quentin Yarie stepped down as President & Chief Executive Officer of the Issuer. Paul Martin, the Chair of the Board, has as assumed the role of Interim CEO. Mr. Yarie will remain as a member of the Board for the time being to assist in the transition of executive management to ensure continuity of operations. Following the appointment of a permanent replacement CEO, Mr. Yarie has advised the Issuer he will resign his Board seat.

6. Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

7. Omitted Information

No information has been omitted on the basis that it is confidential information.

8. Executive Officer

Eric Josipovic Chief Financial Officer Telephone: 416-364-7024

9. Date of Report.

February 28, 2024.