Silver Dollar Resources Inc. — Capital/Financing Update 2024

Oct 15, 2024

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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 15, 2024

Item 3: News Release

A news release was issued October 15, 2024 at Vancouver, British Columbia and was disseminated by Newsfile.

Item 4: Summary of Material Change

The Company is arranging a non-brokered private placement financing with qualified investors of up to 6,000,000 units for maximum gross proceeds of $1,500,000.

Item 5: Full Description of Material Change

The Company is arranging a non-brokered private placement financing with qualified investors of up to 6,000,000 units (the “Units”) for maximum gross proceeds of $1,500,000 (the “Offering”).

The Units will be priced at $0.25 and consist of one common share and one-half of a nontransferable 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.

The Company has agreed to pay a finder's fee of up to 7% cash and 7% finders' warrants on a portion of the subscription proceeds. Finders' warrants will 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 four months after the closing date.

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The Company will use the proceeds of the Offering to fund its initial drilling campaign at the recently acquired Ranger-Page Project in Idaho’s Silver Valley and for general working capital purposes. Completion of this Offering is subject to Canadian Securities Exchange acceptance.

Silver Dollar will rely 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.

This information, provided pursuant to applicable Canadian requirements, is not for distribution to United States news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. The offering in question has not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and the securities sold in such offering may not be offered or sold in the United States or to U.S. Persons absent registration or applicable exemption from registration requirements.

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 15[th] day of October, 2024.

SILVER DOLLAR RESOURCES INC.

Signed “Glen Wallace”

per Glen Wallace, MBA, CPA, CGA