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Refined Energy Corp. Board/Management Information 2021

Sep 1, 2021

47444_rns_2021-08-31_98d56e0a-3b8f-475e-b12b-d3dee800c5a6.pdf

Board/Management Information

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FORM 51-102F3 MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Chemesis International Inc. (the “ Company ” or “ Chemesis ”) 2200 - 885 West Georgia Street Vancouver BC V6C3E8

Item 2 Date of Material Change

August 31, 2021

Item 3 News Release

On August 31, 2021, a news release in respect of the material change was disseminated through the facilities of the Cision newswire service.

Item 4 Summary of Material Change

On August 31, 2021 the Company announced that Mr. Faizaan Lalani resigned as a Director of the Chemesis.

Item 5 Full Description of Material Change

5.1 Full Description of Material Change

On August 31, 2021 the Company announced that Mr. Faizaan Lalani resigned as a Director of the Chemesis.

5.2 Disclosure for Restructuring Transactions

Not applicable.

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

Not applicable.

Item 7 Omitted Information

Not applicable.

Item 8 Executive Officer

Eli Dusenbury Chief Financial Officer T: 778-953-419

Item 9 Date of Report

August 31, 2021

FORWARD LOOKING STATEMENTS

This material change report contains "forward-looking information" within the meaning of applicable securities laws. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this material change report. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this material change report are made as of the date of this material change report. The CSE has not reviewed, approved or disapproved the content of this material change report.

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