A news release with respect to the material change referred to in this report was disseminated by the
FORM 51-102F3
MATERIAL CHANGE REPORT
ITEM 1 – NAME AND ADDRESS OF COMPANY
Infield Minerals Corp. (the “Company” or “Infield”)
Suite 515 - 701 West Georgia Street
Vancouver, BC, Canada V7Y 1C6
ITEM 2 – DATE OF MATERIAL CHANGE
May 12, 2026
ITEM 3 – NEWS RELEASE
A news release with respect to the material change referred to in this report was disseminated by the
Company on May 12, 2026 , a copy of which was subsequently filed under the Company’s SEDAR+
profile at www.sedarplus.ca.
ITEM 4 – SUMMARY OF MATERIAL CHANGE
On May 12, 2026, the Company completed a financing for aggregate proceeds of $1,250,000.00 through
the issuance of 25,000,000 units of the Company (the “Units”). Each Unit consisted of one common share
in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”).
Each Warrant entitles the holder to purchase one Common Share at a price of $0.10 until May 12, 2027,
and are subject to acceleration under certain circumstances.
ITEM 5 – FULL DESCRIPTION OF MATERIAL CHANGE
The Company closed its previously announced non -brokered private placement, in which it raised
aggregate gross proceeds of $1,250,000.00 (the “Financing”).
The Financing consisted of 25 million units of the Company (the “ Units”) at a subscription price of $0.05
per Unit. Each Unit consisted of one common share in the capital of the Company (“ Common Share”)
and one Common Share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one
Common Share at a price of $0.10 until May 12, 2027, and are subject to acceleration under certain
circumstances.
In the event that the Company’s Common Shares have a closing price on the TSX Venture Exchange (the
“Exchange”) at or above $0.12 per share based on a 10-day volume weighted average price (at any time
at or following the expiry of the four months plus one day resale restriction period applicable to the
Warrants), the Company may, at its option, accelerate the exp iry of the Warrants (the " Acceleration
Right") after Statutory Hold Period has passed. To exercise the Acceleration Right, the Company must
provide written notice to holders of Warrants. Holders will then have thirty (30) days from the date of such
notice to exercise their Warrants, after which, any Warrants not exercised within that period may be subject
to cancellation.
All securities issued in the Financing are subject to a hold period expiring September 13, 2026.
The Company intends to use the net proceeds of the Financing for mineral exploration on the Company’s
resource projects in the western United States, as well as for general and administrative, marketing and
working capital purposes. No finder’s fees were paid in connection with the Financing.
Evandra Nakano, CEO of the Company, purchased an aggregate of 1,700,000 Units in the Financing,
representing approximately 6.80% of the Financing. The Company has relied on the exemptions from the
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valuation and minority shareholder approval requirements of MI 61 -101 contained in section 5.5(a) and
5.7(1)(a) of MI 61-101 in respect of such insider participation.
Early Warning Disclosure
Prior to closing of the Financing, Evandra Nakano (“ Nakano”), of Vancouver, British Columbia, owned
and controlled 6,076,250 Common Shares, representing approximately 12.48% of the outstanding
Common Shares (or 7,276,250 Common Shares and 14.58% of the Company’s then outstanding
Common Shares on a partially dilut ed basis, assuming exercise of Nakano’s incentive stock options).
Pursuant to the Financing, Nakano acquired 1,700,000 Common Shares at a price of five cents per share,
representing approximately 2.31% of the outstanding Common Shares of the Company, and 1 ,700,000
Warrants. Following closing of the Financing, Nakano owns and controls 7,776,250 Common Shares,
representing approximately 10.55% of the Common Shares (or 10,676,250 Common Shares and 13.94%
of the Company’s then outstanding Common Shares on a par tially diluted basis, assuming exercise of
Nakano’s incentive stock options and Warrants). Neither the Company nor, to the knowledge of the
Company after reasonable inquiry, Nakano, have knowledge of any material information concerning the
Company or its securities which has not been generally disclosed.
The Company has been advised that the securities noted above were acquired by Nakano for investment
purposes, and Nakano does not have any present intention to acquire further securities of the Company,
although she may, in the future, acquire or dispose o f securities of the Company through the market or
otherwise, as circumstances or market conditions warrant.
To obtain a copy of the early warning report filed under applicable Canadian provincial securities
legislation, please go to the Company’s profile under SEDAR+ at www.sedarplus.ca.
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
Evandra Nakano
CEO and President
(604) 220-4691
ITEM 9 – DATE OF REPORT
May 12, 2026