Lichen Property Option Closed
WSLEGAL\086038\00001\24118298v2
MATERIAL CHANGE REPORT
(FORM 51-102F3)
Item 1: REPORTING ISSUERS
Mosaic Minerals Corp. (the "Mosaic")
4908 Pine Crescent
Vancouver, BC V6M 3P6
Item 2: DATE OF MATERIAL CHANGE
May 25, 2021
Item 3: PRESS RELEASE
Date: May 25, 2021
Dissemination: The news release dated May 25, 2021 was disseminated through The Newswire and is
available on the SEDAR website (www.sedar.com).
Item 4: SUMMARY OF MATERIAL CHANGE
Option agreement for Lichen base metals property closed. 3,000,000 shares issued to Bullion Gold
Resources Corp.
Item 5.1: FULL DESCRIPTION OF MATERIAL CHANGE
Montreal Quebec, May 25, 2021 – The management of Mosaic Minerals Corp. (“Mosaic” or the
“Company”) (CSE: MOC) announces:
Lichen Base Metals Property Option Closed
Further to Mosaic’s news release of May 19, 2017 the Option Agreement with Bullion Gold
Resources Corp. (“Bullion”) providing for an earn-in of up to 100% interest in the Lichen Base
Metals Property comprised of 178 cells totaling approximately 9,968 hectares located in the
Chapais-Chibougamau area of northern Quebec has closed.
Pursuant to the May 18, 2021 Earn-in Option Agreement Mosaic may earn up to an 100%
interest in the Lichen Base Metal Property by issuing to 3,000,000 shares to Bullion and
incurring $450,000 of exploration expenditures by June 30, 2124. (For more complete details
see May 19, 2021 news release). The 3,000,000 shares were issued May 24, 2021.
WSLEGAL\086038\00001\24118298v2
About Mosaic Minerals Corporation
Mosaic Minerals Corp. is a Canadian mineral exploration company listed on the Canadian
Security Exchange (CSE: MOC) now focusing on the exploration for future strategic Copper-
Nickel-Zinc deposits in priority on the Quebec Province territory which have a long and
successful history of base metal production principally in the Rouyn-Noranda, Matagami,
Vald’Or and Chibougamau mining camps. Exploring for base metal was put on hold a few
decades ago to the profit of exploring for gold but the potential for discovering large Cu, Zn, Ni
deposits is still very present.
ITEM 5.2 DISCLOSURE FOR RESTRUCTURING TRANSACTIONS
Not applicable.
ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OF NI 51-102
Not applicable.
ITEM 7. OMITTED INFORMATION
No information has been omitted on the basis that it is confidential information.
ITEM 8. EXECUTIVE OFFICER
Contact: Guy Morissette, President and Chief Executive Officer
Telephone: 514-531-8129
ITEM 9. DATE OF REPORT
May 25, 2021