1. Name and Address of Company Hanstone Gold Corp.
FORM 51-102F3
MATERIAL CHANGE REPORT
1. Name and Address of Company
Hanstone Gold Corp.
Suite 1100 – 1111 Melville Street
Vancouver, British Columbia V6E 3V6
2. Date of Material Change
March 5, 2026
3. News Release
The news release announcing the material change was disseminated on March 5, 2026. The news
release was also filed on SEDAR+.
4. Summary of Material Change
Hanstone Gold Corp. is conducting a loan transaction under which it will borrow up to an additional
$300,000 from an affiliate of Mr. Gurbakhshish “Bob” Hans, a director of Hanstone.
5.1 Full Description of Material Change
See attached news release.
5.2 Disclosure for Restructuring Transactions
N/A
6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
7. Omitted Information
No information has been intentionally omitted from this material change report.
8. Executive Officer
Andre Douchane, Executive Chairman
(778) 896-7778
9. Date of Report
March 5, 2026
HANSTONE CLOSES LOAN TRANSACTION
Vancouver, BC, March 5, 2026 – Hanstone Gold Corp. (TSX.V:HANS) (FRA:HGO) (the “ Company” or “ Hanstone”) is
pleased to announce that it will be conducting a loan transaction (the “Loan”) under which it will borrow up to $300,000
(the “Principal”) from an affiliate (the “Lender”) of Mr. Gurbakhshish “Bob” Hans, a director of Hanstone. The Lender
previously loaned an aggregate of $2,025,000 to Hanstone in 2023, 2024 and 2025 (the “Past Loan Amounts”). The new
Loan was conducted under an amended and restated loan agreement (the “Amended Loan Agreement ”) dated as of
March 4, 2026 which contemplates total loaned funds of $2,325,000, being the Past Loan Amounts and the Principal.
The Past Loan Amounts are repayable on August 1, 2027 , and the Principal is repayable on the earlier of (i) written
demand by the Lender, and (ii) August 1, 2027. The Principal and the Past Loan Amounts accrue interest at 1 5% per
annum, such interest calculated and payable annually in arrears. The Principal , the Past Loan Amounts, and interest
thereon are secured by a perfected first priority security interest in all present and after -acquired property of the
Company. Hanstone will use the Loan for general corporate purposes approved by Hanstone’s board of directors and by
the Lender.
As Mr. Hans is an insider of the Company, the Loan is a “related party transaction” as defined under Multilateral
Instrument 61-101 (“MI 61-101”). The Loan is exempt from the formal valuation requirement under MI 61-101 because
Hanstone’s securities are not listed on any of the markets specified in MI 61 -101, and the Loan is exempt from the
minority shareholder approval requirement under MI 61-101 because the Loan is not convertible into or repayable in,
directly or indirectly, equity or voting securities of the Company and is made on reasonable commercial terms that are
no less advantageous to the Company than if the Loan was made by an arm’s length party. A material change report
respecting the Loan was not filed at least 21 days before closing, which is reasonable given the exemptions from MI 61-
101 described above. Hanstone’s independent directors have approved the Loan.
This news release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the
securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States
or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration
requirements and applicable U.S. state securities laws.
About Hanstone Gold Corp
Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Projects optimally
located in the heart of the prolific mineralized area of British Columbia known as the Golden Triangle. The Golden Triangle
is an area which hosts numerous producing and past -producing mines and several large deposits that are app roaching
potential development. The Company holds a 100% interest in the 1,704-hectare Doc Project, and it also owns a 100%
interest in the 3,336-hectare Snip North Project, which is subject to an option agreement with Goldrea Resources Corp.
as optionee (see Hanstone’s news release dated October 2, 2025 for further details). Hanstone has a highly experienced
team of industry professionals with a successful track record in the discovery of gold deposits and in developing mineral
exploration projects through discovery to production.
For Further Information Contact:
Andre Douchane, Executive Chairman
+1-(778)-896-7778, [email protected]
Or visit the Company’s website at www.hanstonegold.com
Forward Looking Statements Disclaimer
The information contained herein contains “forward-looking statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and “forward -looking information” within the meaning of applicable Canadian
securities legislati on. “Forward -looking information” includes, but is not limited to, statements with respect to the
activities, events, or developments that the Company expects or anticipates will or may occur in the future. Generally, but
not always, forward -looking information and statements can be identified using words such as “plans”, “expects”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative
connotation thereof or variations of such words and phras es or state that certain actions, events, or results “may”,
“could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates
and forecasts about Hanstone’s business and the industry and markets in which it operates and will operate. Forward -
looking information and statements are made based upon numerous assumptions, including among others, the results of
planned exploration activities are as anticipated, the price of gold, the cost of planned exploration activities, that financing
will be available if needed and on reasonable terms, that third party contractors, equipment, supplies and governmental
and other approvals required to conduct Hanstone’s planned exploration activities will be available on reasonable terms
and in a timely manner and that general business and economic conditions will not change in a material adverse manner.
Although the assumptions made by the Company in providing forward -looking information or making forward -looking
statements are considered reasonable by management at the time, there can be no assurance that such assumptions will
prove to be accurate.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.