Silver Dollar Resources Inc. — Capital/Financing Update 2024

Oct 29, 2024

==> picture [185 x 116] intentionally omitted <==

FORM 51-102F3 MATERIAL CHANGE REPORT

Item 1: Name and Address of Company

Silver Dollar Resources Inc. (the “Company” or “Silver Dollar”) Suite 416, 179 - 2945 Jacklin Road Victoria, BC, V9B 6J9

Item 2: Date of Material Change

October 29, 2024

Item 3: News Release

A news release was issued October 29, 2024 at Vancouver, British Columbia and was disseminated by Newsfile.

Item 4: Summary of Material Change

The Company has completed the previously announced non-brokered private placement financing that raised gross proceeds of $1,500,000.

Item 5: Full Description of Material Change

The Company has completed the previously announced non-brokered private placement financing that raised gross proceeds of $1,500,000 (the “Offering”).

The Offering consisted of 6,000,000 units priced at $0.25 each. The units are comprised of one common share and one-half of a non-transferable share purchase warrant with each full warrant entitling the holder to purchase one additional common share of the Company at a price of $0.40 per share for two years from the closing date of the Offering.

Mr. Eric Sprott subscribed for 3,000,000 units or $750,000 of the Offering. This investment results in Mr. Sprott holding approximately 19.8 percent of Silver Dollar’s issued and outstanding common shares calculated on a partially diluted basis.

• 2 -

The Company paid finders’ fees of $22,400 and 89,600 finders’ warrants on a portion of the Offering proceeds. The finders' warrants entitle the holder to purchase one common share of the Company at a price of $0.40 for twenty-four months from the closing date. All securities issued pursuant to this Offering will have a hold period expiring on March 2, 2025.

The Company will use the net proceeds of the Offering to fund its initial drilling campaign at the recently acquired Ranger-Page Ag-Pb-Zn Project in Idaho’s Silver Valley and for general working capital purposes.

Silver Dollar relied on subsections 5.5(b) and 5.7(1)(a) of Multilateral Instrument 61-101 to exempt the offering from the requirements for a formal valuation and minority shareholder approval. To the Company’s knowledge, neither it nor the purchasers have knowledge of any material information concerning the Company or its securities that has not been generally disclosed.

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

Michael Romanik, President and Chief Executive Officer Telephone (204) 726-0151

DATED AT Victoria, British Columbia this 29[th] day of October, 2024.

SILVER DOLLAR RESOURCES INC.

Signed “Glen Wallace”

per Glen Wallace, MBA, CPA, CGA