An anonymous director of McChip reports

EARLY WARNING REPORT FILED BY MCCHIP RESOURCES INC.

McChip Resources Inc. has triggered certain reporting thresholds in Matachewan Consolidated Mines Ltd. that require the filing of an early warning report under National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues).

On July 17, 2026, McChip disposed of 4,282,000 common shares of the issuer in a private transaction at a price of 30 cents per common share for aggregate consideration of $1,284,600.

Prior to the disposition, McChip held 4,282,000 common shares, representing approximately 31.38 per cent of the issued and outstanding common shares of the issuer.

Following the disposition, McChip holds nil common shares of the issuer and accordingly will cease to be an insider and cease to be required to file early warning reports under National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues).

In the future, McChip may, depending on market and other conditions, increase or decrease McChip's beneficial ownership of securities of the issuer.

A copy of the early warning report that will be filed by McChip may be obtained on the issuer's SEDAR+ profile or by contacting McChip.

We seek Safe Harbor.