Material Change Report — Proposed Qualifying Transaction with Slocan Ridge Holdings

Tryggvi Capital Corp.

Registered office: Suite 1820, 1055 W. Georgia St., Vancouver, BC V6E 3P3.

June 24, 2026.

Disseminated via Newsfile Corp. on June 24, 2026 and filed on SEDAR+.

Tryggvi has entered into a non-binding letter of intent in respect of a proposed qualifying transaction with Slocan Ridge Holdings Inc., previously the subject of a terminated transaction with Halcyon Capital.

On June 24, 2026, Tryggvi Capital Corp. (the "Company") entered into a non-binding letter of intent with Slocan Ridge Holdings Inc. in respect of a proposed transaction that, if completed, would constitute the Company's Qualifying Transaction under CSE Policy 2A.

Slocan Ridge Holdings was previously the subject of a qualifying transaction with Halcyon Capital Acquisition Corp. that was terminated on June 2, 2026. Slocan Ridge Holdings shares directors and a registered office with Northpeak Lithium Corp. and Halcyon Capital Acquisition Corp.

The proposed consideration is the issuance of common shares of the Company at a deemed price of $0.15 per share. Completion is subject to negotiation of a definitive agreement, sponsor and stock exchange approvals, majority-of-minority shareholder approval and satisfactory due diligence.

Not applicable.

No material information has been omitted.