Trigon Metals Inc. — M&A Activity 2026

Apr 1, 2026

FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Trigon Metals Inc.
658 Lansdowne Avenue
Toronto, ON M6H 3Y8

Item 2 Date of Material Change

April 1, 2026

Item 3 News Releases

A news release was issued by Trigon Metals Inc. (“Trigon” or the “Company”) on April 1, 2026, in respect of the material change and was disseminated through the facilities of Business Wire and filed on SEDAR+.

Item 4 Summary of Material Changes

Trigon has completed a short-form vertical amalgamation with its wholly-owned subsidiary, Safi Silver Corp., effective April 1, 2026 (the “Amalgamation”). In connection with the Amalgamation, the Company has changed its name to “Safi SilverCorp.” (the “Name Change”), subject to final acceptance of the TSX Venture Exchange (the “TSXV”).

The Company’s trading symbol on the TSXV will also change to “SF” (the “Ticker Change”) and the Company's trading symbols on the OTC Markets (OTC Pink) and Frankfurt Stock Exchange (FSE) will remain unchanged. The Company’s common shares will begin trading under the name “Safi Silver Corp.” and the “SF” ticker, effective April 6, 2026.

Item 5 Full Description of Material Changes

Trigon has completed a short-form vertical amalgamation with its wholly-owned subsidiary, Safi Silver Corp., effective April 1, 2026. In connection with the Amalgamation, the Company has changed its name to Safi Silver Corp., subject to final acceptance of the TSXV.

The Company’s trading symbol on the TSXV will also change to “SF” and the Company's trading symbols on the OTC Markets (OTC Pink) and Frankfurt Stock Exchange (FSE) will remain unchanged. The Company’s common shares will begin trading under the name “Safi Silver Corp.” and the “SF” ticker, effective April 6, 2026.

The Amalgamation was undertaken to simplify the corporate structure of the Company and to reduce administrative costs.

No securities of the Company will be issued in connection with the Amalgamation and the Company's share capital will remain unchanged. There will not be a consolidation of the Company’s common shares in connection with the Amalgamation and the Name Change. All of the issued and outstanding shares of the subsidiary will be cancelled, and the assets, liabilities and obligations of the subsidiary will be assumed by the Company. The Amalgamation will not have any significant effect on the business and operations of the Company, and the common shares of the company will continue to be listed on the TSXV.

Pursuant to the Name Change, no action will be required by existing shareholders nor will any certificates representing common shares of the Company be affected or need to be exchanged. A new CUSIP

---

number,78657T108, has been obtained to replace the previous CUSIP number. The Company encourages any shareholder with any questions or concerns to discuss any of the foregoing with their broker or agent.

The Amalgamation, Name Change and Ticker Change were approved by the Company's board of directors and the Name Change was previously approved by shareholders of the Company, including disinterested shareholders. Concurrent with the Amalgamation and Name Change, the Company filed articles of amendment, effective April 1, 2026, with Corporations Canada.

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

Not applicable.

Item 7 Omitted Information

Not applicable.

Item 8 Executive Officer

Jed Richardson
CEO
Tel: (647) 276-6002

Item 9 Date of Report

April 1, 2026