Tocvan Ventures Corp. — Regulatory Filings 2021

May 4, 2021

FORM 51-102F3

MATERIAL CHANGE REPORT

ITEM 1

Name and Address of Corporation:

Tocvan Ventures Corp. (the “ Corporation ”) Suite 1150, 707 – 7 Avenue SW Calgary, Alberta T2P 3H6

ITEM 2 Date of Material Change:

May 3, 2021

ITEM 3 News Release:

The news release was disseminated on May 4, 2021 and filed on SEDAR on May 4, 2021.

ITEM 4 Summary of Material Change:

The Corporation announced updates on Phase II Drill Program and corporate updates.

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:

Derek Wood , President and Chief Executive Officer Phone: (403) 200-3569

ITEM 9 Date of Report:

May 4, 2021

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

SCHEDULE “A”

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