BC FORM 53-901F
(Previously Form 27)
MATERIAL CHANGE REPORT UNDER SECTION 85(1)
OF THE SECURITIES ACT (BRITISH COLUMBIA)
| Item 1 | Reporting Issuer |
White Knight Resources Ltd. (the “Company”)
Suite 922, 510 West Hastings Street
Vancouver, BC V6B 1L8
Telephone: (604) 681-4462
| Item 2 | Date of Material Change |
March 28, 2007
| Item 3 | Press Release |
| Date of Issuance: | March 28, 2007 | |
| Place of Issuance: | Vancouver, British Columbia |
The news release was distributed through CCN Matthews, Market News and Stockwatch.
| Item 4 | Summary of Material Change |
The Company announced resignation of existing directors and the appointment of replacements.
| Item 5 | Full Description of Material Change |
See attached press release
| Item 6 | Reliance on Section 85 (2) of the Act |
N/A
| Item 7 | Omitted Information |
N/A
| Item 8 | Senior Officers |
The following senior officer of the Issuer is knowledgeable about the material change and may be contacted by the Commission at the address and telephone number:
John Leask
(604) 681-4462
| Item 9 | Statement of Senior Officer |
The foregoing accurately discloses the material change referred to herein.
Dated at Vancouver, British Columbia, this 28th day of March 2007.
| “John M. Leask“ | |
| Signature | |
| John M. Leask | |
| Name | |
| Chairman of the Board and Director | |
| Position | |
| Vancouver, BC | |
| Place of Declaration |
White Knight Resources Ltd.
Suite 922, 510 West Hastings Street
Vancouver, BC V6B 1L8
Tel: (604) 681-4462 Fax: (604) 681-0180
Website:www.whiteknightres.comE-Mail:info@whiteknightres.com
White Knight Announces New Board of Directors
Vancouver, British Columbia – White Knight Resources Ltd. (TSXV – WKR)
March 28, 2007
White Knight Resources Ltd. ("White Knight" or the "Company") advises that in connection with the announcement by US Gold Corporation ("US Gold") that its wholly-owned subsidiary, US Gold Canadian Acquisition Corporation ("Acquisition Co."), has taken up and accepted 55,752,661 common shares of White Knight that were tendered to the takeover bid made by US Gold and Acquisition Co., representing approximately 93.7% of the issued and outstanding shares of White Knight. The existing directors of White Knight, John Leask, Gordon Leask, Brian Edgar and Megan Cameron-Jones, have resigned from the Board of Directors, and Robert McEwen, William Pass and Ann Carpenter have been appointed to the Board as their replacements.
Outgoing White Knight Chairman John Leask states “The management of White Knight would like to thank the many long term shareholders of the Company for their support and encouragement over the years. As shareholders in US Gold, we look forward to the discoveries that we believe will surely come from a major drilling campaign on the consolidated land package in the Cortez Trend”
US Gold also announced that it and Acquisition Co. intend to undertake a subsequent acquisition transaction to acquire the remaining common shares of White Knight that were not tendered to the US Gold offer.
On behalf of the Board of Directors,
“John M. Leask”
John M. Leask, P. Eng.
Chairman of the Board
For more information please call 1-866-441-0690 ex 110
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.