Silver Dollar Resources Inc. — Capital/Financing Update 2025

Sep 17, 2025

SILVER DOLLAR
RESOURCES

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

September 16, 2025

Item 3: News Release

A news release was issued September 16, 2025 at Vancouver, British Columbia and was disseminated by Newsfile.

Item 4: Summary of Material Change

The Company announced that it has entered into an agreement with Research Capital Corporation to act as the sole agent and sole bookrunner in connection with a "best efforts" private placement offering for gross proceeds of a minimum of $950,000 and a maximum of $4,000,000 from the sale of a minimum of 2,714,286 and a maximum of 11,428,571 units of the Company at a price of $0.35 per Unit.

Item 5: Full Description of Material Change

The Company announced that it has entered into an agreement with Research Capital Corporation to act as the sole agent and sole bookrunner (the "Agent") in connection with a "best efforts" private placement offering (the "Offering") for gross proceeds of a minimum of $950,000 and a maximum of $4,000,000 from the sale of a minimum of 2,714,286 and a maximum of 11,428,571 units of the Company (each, a "Unit") at a price of $0.35 per Unit.

Each Unit will consist of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to

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purchase one common share of the Company (each, a "Warrant Share") at a price of $0.45 at any time on or before that date which is 36 months after the closing date of the Offering.

The Company intends to use the net proceeds from the Offering for exploration activities on the La Joya Silver Project in Durango, Mexico, the Ranger-Page Ag-Pb-Zn Project in Idaho's Silver Valley and for general working capital purposes, as more fully described in the Offering Document (as defined herein).

The Agent will have an option, exercisable in full or in part, up to 48 hours prior to the closing of the Offering, to sell up to an additional 1,714,286 Units for additional gross proceeds of up to $600,000 (the "Agent's Option").

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers resident in all the provinces and territories of Canada, except Québec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption") and offshore jurisdictions as permitted under applicable law and in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended. The Unit Shares and the Warrants underlying the Units, and the Warrant Shares underlying the Warrants, if exercised, will be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers' resident in Canada. All securities issued pursuant to the Listed Issuer Financing Exemption will not be subject to a hold period in Canada in accordance with applicable Canadian securities law.

The Offering is scheduled to close on or about the week of September 30, 2025 and is subject to certain conditions including, but not limited to, a minimum of $950,000 in gross proceeds being raised by the Company under the Offering and receipt of all necessary corporate and regulatory approvals.

There is an offering document related to the Offering (the "Offering Document") that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://silverdollarresources.com. Prospective investors should read the Offering Document before making an investment decision.

The Company has agreed to pay to the Agent a cash commission equal to 6% of the gross proceeds of the Offering, subject to a reduction for orders on a president's list. In addition, the Company has agreed to issue to the Agent broker warrants of the Company exercisable for a period of 36 months, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Units sold under the Offering, subject to a reduction for orders on a president's list, at an exercise price of $0.35.

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None of the securities sold under the Offering have been and will not be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.

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
Gregory Lytle, President and Chief Executive Officer
Telephone (604) 922-9409

DATED AT Victoria, British Columbia this 16th day of September, 2025.

SILVER DOLLAR RESOURCES INC.
Signed “Glen Wallace”
per Glen Wallace, MBA, CPA, CGA