SKRR Exploration Inc. — Capital/Financing Update 2021

Apr 6, 2021

FORM 51-102F3

MATERIAL CHANGE REPORT

1. Name and Address of Company

SKRR Exploration Inc. (the " Company ") #605 – 815 Hornby Street Vancouver, BC, V6Z 2E6

2. Date of Material Change

April 5, 2021

3. News Release

A news release was issued and disseminated on April 5, 2021 through a newswire distribution service and filed on SEDAR. A copy of the news release is attached hereto as Schedule “A”.

4. Summary of Material Change

The Company closed a non-brokered private placement of 277,780 units (each a “ Unit ”) for gross proceeds of $75,000.60 (the “ Private Placement ”). Each Unit was priced at $0.27 and is comprised of one common share and one-half of one common share purchase warrant (“ Warrant ”). Each whole Warrant is exercisable to purchase one common share of the Company at a price of $0.40 per share for a period of 24 months from the date of closing the Private Placement.

5. Full Description of Material Change

5.1 Full Description of Material Change:

A news release was issued and disseminated on April 5, 2021 through a newswire distribution service and filed on SEDAR. A copy of the news release is attached hereto as Schedule “A”.

5.2 Disclosure for Restructuring Transactions:

Not applicable.

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

Not applicable.

7. Omitted Information

Not applicable.

8. Executive Officer

The name and business telephone number of an executive officer of the Company who is

knowledgeable about the material change and this material change report is:

Sherman Dahl President & CEO Tel: 250-558-8340

9. Date of Report

April 5, 2021

SCHEDULE "A"

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

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SKRR Exploration Inc. Closes Private Placement Financing

News Release - Vancouver, British Columbia – April 5, 2021 : SKRR Exploration Inc. (“ SKRR ” or the “ Company ”) ( TSXV: SKRR; OTC: SKKRF; FSE: B04Q ) is pleased to announce that it has closed a nonbrokered private placement (the “ Private Placement ”) consisting of 277,780 units (each, a “ Unit ”) at a price of $0.27 per Unit for gross proceeds of $75,000.60. Each Unit is comprised of one common share and onehalf of one common share purchase warrant. Each whole warrant is exercisable to purchase one common share of the Company at a price of $0.40 per share for a period of twenty-four (24) months from the date of closing the Private Placement.

The proceeds from the the Private Placement will be used for exploration expenditures on the Company’s projects and for general corporate purposes and working capital.

All securities issued in connection with the Private Placement are subject to a four month hold period from the closing date in accordance with applicable securities laws.

About SKRR Exploration Inc. :

SKRR is a Canadian-based precious metal explorer with properties in Saskatchewan - one of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class precious metal deposits. The Trans-Hudson Orogen - although extremely well known in geological terms has been significantly under-explored in Saskatchewan. SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

ON BEHALF OF THE BOARD

Sherman Dahl President & CEO Tel: 250-558-8340

Rich Matthews, Investor Relations Integrous Communications rmatthews@integcom.us +1 6047577179

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ 1933 Act ”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933

Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Cautionary Statement Regarding Forward Looking Information

This news release contains "forward‐looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the Private Placement, use of proceeds, other statements relating to the technical, financial, and business prospects of the Company, its projects, and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forwardlooking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, decrease in the price of gold and other metals, equipment failures or failure to obtain the necessary equipment, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.