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This is the form of material change report required under Section 85(1) of the Securities Act. BC FORM 51-102F3 (formerly Form 53-901F) Securities Act

Corporate Updates

This is the form of material change report required under Section 85(1) of the Securities Act.

BC FORM 51-102F3

(formerly Form 53-901F)

Securities Act

MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT

Item 1. Reporting Issuer

Savannah Gold Corp.

Suite 2050 – 1055 West Georgia Street

Vancouver, BC V6E 3P3

(604) 684-2181

Item 2. Date of Material Change

March 2, 2017

Item 3. Press Release

Issued on March 2, 2017, at Vancouver, BC Canada

Item 4. Summary of Material Change

Savannah Gold Corp. announces that the Company has received TSX Venture

Exchange approval to consolidate the Company’s issued share capital on a ratio

of five old common shares for every one new post-consolidated common share

(the “Consolidation”). The Consolidation will be effective at the opening of trading

on Friday, March 3, 2017.

Item 5. Full Description of Material Change

Please see attached press release.

Item 6. Reliance on Section 85(2) of the Act

N/A

Item 7. Omitted Information

None

Item 8. Senior Officers/Directors

The following senior officers/directors of the Issuer are knowledgeable about the

material change and may be contacted by the Commission at the address and

telephone number:

Praveen Varshney Mervyn Pinto

Director Director

Suite 2050 – 1055 West Georgia St. Suite 2050 – 10 55 West Georgia St.

Vancouver, BC Vancouver, BC

V6E 3P3 V6E 3P3

(604) 684-2181 (604) 684-2181

Item 9. Statement of Senior Officer/Director

The foregoing accurately discloses the material change referred to herein.

Dated this 2nd day of March, 2017. “Praveen Varshney”

Praveen Varshney

Name

Director

Position / Title

Vancouver, B.C.

Place of Declaration

SAVANNAH GOLD CORP.

FOR IMMEDIATE RELEASE

Contact: Investor Relations March 2, 2017

Phone (604) 684-2181

[email protected]

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR

DISTRIBUTION TO U.S. WIRE SERVICES

NEWS RELEASE

Savannah Announces Effective Date of Share Consolidation

Vancouver, BC – Thursday, March 2, 2017 – Savannah Gold Corp. (TSXV -SAV.H) (the

“Company” or “Savannah”) announces that the Company has received TSX Venture Exchange

approval to consolidate the Company’s issued share capital on a ratio of five old common shares for

every one new post-consolidated common share (the “Consolidation ”). The Consolidation will be

effective at the opening of trading on Friday, March 3, 2017.

The Company will keep the same name and stock symbo l. The Company’s CUSIP and ISIN

numbers will be changed to 805011202 and CA8050112025, respectively.

For further information, please contact:

Savannah Gold Corp.

Praveen Varshney

Director

604-684-2181

[email protected]

Neither the TSX Venture Exchange 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 .