Tocvan Ventures Corp. — Capital/Financing Update 2023

Feb 17, 2023

FORM 51-102F3 MATERIAL CHANGE REPORT

ITEM 1 Name and Address of Corporation:

TOCVAN VENTURES CORP. (the “ Corporation ”)

Suite 820 – 1130 West Pender Street Vancouver, British Columbia V6E 4A4

ITEM 2

Date of Material Change:

February 16, 2023

ITEM 3 News Release:

The news release was disseminated and SEDAR filed on February 17, 2023.

ITEM 4

Summary of Material Change:

The Corporation announced closing of the third tranche of its previously announced non-brokered private placement.

ITEM 5 Full Description of Material Change:

Please see attached Schedule “A”.

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:

Further information relating to this Material Change Report may be obtained from:

Brodie A. Sutherland , President and Director Phone: (403) 829-9877

ITEM 9 Date of Report:

February 17, 2023

The foregoing accurately discloses the material change referred to in this report.

SCHEDULE “A”

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