Form 51-102F3 Material Change Report

Teako Minerals Corp. Material Change Report

Form 51-102F3

MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Teako Minerals Corp.

(“Teako” or the “Company”)

1111 Melville Street, Suite 1100

Vancouver, British Columbia V6E 3V6

Item 2 Date of Material Change

December 19, 2023.

Item 3 News Release

A news release dated December 19, 2023 was disseminated via NewsFile and filed on SEDAR

with applicable securities commissions.

Item 4 Summary of Material Change

Teako intends to settle a total of CAD$102,750 of debt owed to officers, directors (current

and former), and consultants of the Company, through the issuance of an aggregate of

1,141,663 common shares (the “Debt Shares”) at a deemed price of $0.09 per Debt Share.

Item 5.1 Full Description of Material Change

Teako intends to settle a total of CAD$102,750 of debt (the “Debt”) owed to certain officers,

directors (current and former), and consultants of the Company, through the issuance of an

aggregate 1,141,663 Debt Shares of Teako at a deemed price of $0. 09 per Debt Share (the

“Debt Settlement”). All the Debt Shares issued in connection with the Debt Settlement are

subject to a statutory hold period of four months plus a day from the date of issuance, in

accordance with applicable securities legislation.

Item 5.2 Disclosure for Restructuring Transactions

Not applicable.

Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

Not applicable.

Item 7 Omitted Information

Not applicable.

Teako Minerals Corp. Material Change Report

Item 8 Executive Officer

Dan Martino, CFO, Corporate Secretary, at 604-525-9409.

Item 9 Date of Report

December 19, 2023.