FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
KNIGHT RESOURCES LTD.
3rd Floor, 157 Alexander Street
Vancouver, BC V6A 1B8
Item 2 Date of Material Change
December 16, 2004
Item 3 News Release
The news release dated December 16, 2004 was issued in Vancouver, BC and disseminated through CCN Matthews.
Item 4 Summary of Material Change
The Company has negotiated a non-brokered private placement in the amount of $500,000. These funds will be raised by the Company issuing a total of 2,000,000 flow through shares at a price of $0.25 per share.
The funds raised by way of this private placement will be used for the Company's 2005 exploration program on the West Raglan Project. The preliminary budget for the 2005 exploration program is $5,000,000.
Finder's fees may be payable in cash and/or shares with respect to certain private placement subscribers and in accordance with the policies of the TSX Venture Exchange.
The private placement is subject to the approval of the TSX Venture Exchange.
Item 5 Full Description of Material Change
The Company has negotiated a non-brokered private placement in the amount of $500,000. These funds will be raised by the Company issuing a total of 2,000,000 flow through shares at a price of $0.25 per share.
The funds raised by way of this private placement will be used for the Company's 2005 exploration program on the West Raglan Project. The preliminary budget for the 2005 exploration program is $5,000,000.
Finder's fees may be payable in cash and/or shares with respect to certain private placement subscribers and in accordance with the policies of the TSX Venture Exchange.
The private placement is subject to the approval of the TSX Venture Exchange.
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Confidentiality is not requested.
Item 7 Omitted Information
No information has been omitted in respect of the material change.
Item 8 Executive Officer
DAVID PATTERSON
Chief Executive Officer Telephone: (604) 684-6535
Item 9 Date of Report
December 16, 2004.
KNIGHT RESOURCES LTD.
Per:
“David Patterson”
David Patterson,
Chief Executive Officer