Silverco Mining — Regulatory Filings 2021

Oct 21, 2021

FORM 51-102F3

MATERIAL CHANGE REPORT

1. Name and Address of Company

Ankh Capital Inc. 1040 West Georgia Street, Suite 1500 Vancouver, BC V6E 4H1

2. Date of Material Change

October 15, 2021

3. News Release

A news release was disseminated through NewsFile Corp. on October 15, 2021 and subsequently filed on SEDAR at www.sedar.com.

4. Summary of Material Change

Ankh Capital Inc. (" Ankh " or the " Corporation ") closed its initial public offering.

5. Full Description of Material Change

Ankh successfully completed its initial public offering (" Offering ") raising gross proceeds of $1,000,000 pursuant to a prospectus dated August 27, 2021 (the " Prospectus "). An aggregate of 10,000,000 common shares in the capital of the Corporation (the " Common Shares ") were subscribed for at a price of $0.10 per Common Share. The Common Shares began trading on the TSX Venture Exchange (the " Exchange ") on October 19, 2021 (the " Listing Date ").

PI Financial Corp. (the " Agent ") acted as agent in connection with the Offering. For its services, the Agent received a corporate finance fee, a commission in the amount equal to 10% of the gross proceeds of the Offering and additional consideration comprised of agent’s share purchase options in an aggregate amount equal to 10% of the Common Shares issued pursuant to the Offering registered in the name of the Agent or as the Agent may otherwise direct (the " Agent’s Options "). Each Agent’s Option will entitle the holder thereof to acquire one Common Share at an exercise price of $0.10 per Common Share, expiring on the date that is sixty (60) months from the Listing Date.

As a result of the closing of the Offering, the Corporation has 15,620,000 Common Shares issued and outstanding (6,220,000 of which are subject to escrow restrictions).

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

Not applicable.

7. Omitted Information

None.

8. Executive Officer

Roger Milad Chief Executive Officer and Chief Financial Officer

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Telephone: (604) 690-2680 Email: roger@friendshipfoods.net

9. Date of Report

October 21, 2021