Temas Resources Corp. — Board/Management Information 2023

Apr 3, 2023

FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1. Name and Address of Company

Temas Resources Corp. (the “Company”)

Suite 520 – 999 Wet Hastings Street Vancouver, BC V6C 2W2

Item 2. Date of Material Change

March 27, 2023

Item 3. News Release

A news release was disseminated on March 27, 2023 through Newsfile and subsequently filed on SEDAR and with the CSE.

Item 4. Summary of Material Change

The Company announce that that effective immediately Robert ‘Bob’ Schafer has resigned from the board of directors and all outstanding fees have been settled in exchange for shares per a settlement agreement (the “Agreement”) entered into between the Company and Mr. Schafer.

The Agreement entails the full and final settlement of outstanding fees for a total $25,000.00 in Temas shares at an issue price of $0.05 for a total of 500,000 shares. Shares issued under the Agreement are subject to a statutory four month hold.

Item 5.1 Full Description of Material Change

See attached news release dated March 27, 2023.

Item 5.2 Disclosure for Restructuring Transactions

Not applicable.

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

Not applicable.

Item 7. Omitted Information

No information has been intentionally omitted from this material change report.

Item 8. Executive Officer

Samuel “Kyler” Hardy, Director 604.428.9480

Item 9. Date of Report

April 3, 2023

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NEWS RELEASE – for immediate release

TEMAS RESOURCES ANNOUNCES RESIGNATION OF ROBERT SHAFER AND SETTLMENT OF DEBT

Vancouver, B.C. – March 27, 2023 - Temas Resources Corp. ( “Temas” or the “Company” ) [CSE: TMAS] announces that effective immediately Robert ‘Bob’ Schafer has resigned from the board of directors and all outstanding fees have been settled in exchange for shares per a settlement agreement (the “Agreement”) entered into between the Company and Mr. Schafer.

The Agreement entails the full and final settlement of outstanding fees for a total $25,000.00 in Temas shares at an issue price of $0.05 for a total of 500,000 shares. Shares issued under the Agreement are subject to a statutory four month hold.

On behalf of the Board of Directors,

Samuel “Kyler” Hardy, President & CEO, Director

About Temas Resources

Temas Resources Corp. (CSE: TMAS) (OTCQB: TMASF) is focused on the advanced La Blache and Lac Brule Iron-Titanium-Vanadium projects in Quebec. The critical metals the Company is exploring for are key to our national mineral independence. Additionally, the Company invests in and works to apply its green mineral recovery technologies across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies.

All public filings for the Company can be found on the SEDAR website www.sedar.com. For more information about the Company, please visit www.temasresources.com.

For further information or investor relations inquiries:

Samuel “Kyler” Hardy President and CEO, Director E-mail: khardy@cronincapital.ca Tel: 604-428- 9480

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NEITHER THE CSE 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 RELEASE.

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