BC FORM 51-102F3
MATERIAL CHANGE REPORT
UNDER PART 7 OF NATIONAL INSTRUMENT 51-102
| Item 1 | Name and Address of Company |
Rainchief Energy Inc.
4thFloor – 888 Fort Street
Victoria, British Columbia
Canada V8H-4L8
| Item 2 | Date of Material Change March 19, 2010 |
| Item 3 | News Release |
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| News Release dated March 19, 2010 disseminated under section 7.0 of National Instrument 51-102. |
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| Item 4 | Summary of Material Change |
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| The capital of Rainchief Energy Inc. has been consolidated on a ratio of one new share for each ten issued and outstanding common shares. The corporate action will take effect at the open of business 3/22/10, the new symbol on this date will be RCFFD. Please note that the “D” will be removed 20 business days from tomorrow. |
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| Item 5 | Full Description of Material Change |
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| | See attached News Release. |
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| Item 6 | Reliance on subsection 7.1(2) of National Instrument 51-102 |
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| | The Company is not relying on subsection 7.1(2) or (3) of National Instrument 51-102. |
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| Item 7 | Omitted Information |
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| | There is no omitted information |
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| Item 8 | Executive Officer |
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| Brad Moynes, a Director of the Company, is knowledgeable about the material change and this report. He can be contacted by email atbrad@rainchief.com |
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| Item 9 | Dated at Vancouver, British Columbia, March 19, 2010 |
“Brad Moynes”
___________________________________
Brad Moynes, President & CEO
RAINCHIEF ENERGY INC.
(the “Company”)
4THFloor – 888 Fort Street
Victoria, British Columbia
V8W-1H8
| Trading Symbol: RCFEF | March 19, 2010 |
RAINCHIEF ENERGY COMPLETES REVERSE SPLIT
Rainchief Energy Inc. (“Rainchief” or the “Company”) (RCFEF.OTC.BB) announces that its share capital has been consolidated on a ratio of one new share for each ten issued and outstanding common shares. The corporate action will take effect at the open of business 3/22/10, the new symbol on this date will be RCFFD. Please note that the “D” will be removed 20 business days from tomorrow.
Rainchief Energy Inc.
Rainchief Energy Inc. is an oil and gas exploration company focused on the acquisition of undervalued oil and gas assets worldwide.
ON BEHALF OF THE BOARD OF DIRECTORS
“Brad Moynes”
______________________________________
Brad Moynes, President and CEO
