Mr. Zachary Goldenberg reports

MCCHIP ANNOUNCES BOARD AND MANAGEMENT CHANGES

Effective Aug. 7, 2026, Richard (Bo) McCloskey has resigned as chief executive officer and a director of McChip Resources Inc. The company recognizes the many contributions of Mr. McCloskey over the past 50 years and is grateful for his continued support as a McChip shareholder. The company wishes Mr. McCloskey the best in his future endeavours.

The company is pleased to announce that Zachary Goldenberg has been appointed as chief executive officer and director of the company, effective Aug. 7, 2026.

Mr. Goldenberg is the principal of Liberty Venture Partners, a Toronto-based investment and advisory firm focused on growth-stage companies operating in rapidly emerging industries. A corporate securities lawyer by training, he has extensive experience advising entrepreneurs, investors and public companies across the private and public capital markets. Mr. Goldenberg is an active investor and has served as a non-executive director of several publicly listed companies, providing governance and strategic oversight through periods of growth and capital formation. He holds a combined juris doctor (JD) and honours business administration (HBA) degree from Western Law and the Ivey Business School, has earned the ICD.D designation from the Institute of Corporate Directors, and serves on the TSX Venture Exchange's Ontario advisory committee.

The company's management and board of directors now consists of Mr. Goldenberg (CEO and director), Carlo Rigillo (chief financial officer and corporate secretary), Grant Duthie (director) and Ed Dumond (director).

About McChip Resources Inc.

McChip is a Canadian natural resource company incorporated in 1935 and headquartered in Toronto, Ont. Matachewan maintains exposure to the natural resource sector through investments in mineral and other resource-related opportunities. Its common shares trade on the TSX-V under the symbol MCS.

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