Trans Canada Gold Corp. — Capital/Financing Update 2021

May 21, 2021

FORM 51-102F3 - MATERIAL CHANGE REPORT

1. NAME AND ADDRESS OF COMPANY

Trans Canada Gold Corp. c/o #1200 – 750 West Pender Street Vancouver, BC V6C 2T8

2. DATE OF MATERIAL CHANGE

May 21, 2021

3. NEWS RELEASE

News release dated May 21, 2021 was disseminated through the facilities of Bay Street and Stockwatch and filed on SEDAR

4. SUMMARY OF MATERIAL CHANGE

Trans Canada Gold Corp. closes $325,000 non-brokered private placement

5. FULL DESCRIPTION OF MATERIAL CHANGE

Trans Canada Gold Corp. (“Trans Canada” or the “Company”) announced that it has closed its recently announced private placement (see news release dated April 21, 2021). The Company issued an aggregate of 2,166,666 units (“Units”) at a price of $0.15 per unit for aggregate gross proceeds of $325,000. Each Unit consists of one (1) common share and one (1) common share purchase warrant. Each warrant entitles the holder to purchase one common share in the capital of the Company at an exercise price of $0.25 per share for a period of three (3) years from the date of issuance.

Proceeds from the financing will be used by the Company for exploration work planned to take place during the 2021-2022 field season, on its 14,800-hectare Trans Canada Gold Project situated near the Dryden gold district in Northwest, Ontario Canada and the Gold Crow High Grade Gold project situated near Pickle lake, Ontario. The Company also intends to use the proceeds from the financing for any new costs associated with the acquisition and exploration of the Company’s new gold exploration assets, legal, accounting costs and general working capital.

No finders’ fees were paid in connection with the financing. All of the shares issued upon closing are subject to a four month hold period expiring on September 22, 2021.

Pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) the Company advises that the financing constitutes a “related party transaction” under MI 61-101 and the Company is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of the instrument.

6. RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102

Not applicable.

7. OMITTED INFORMATION

Not applicable.

8. EXECUTIVE OFFICER

Tim Coupland, President and CEO Telephone: 604-681-3131

9. DATE OF REPORT

May 21, 2021