Form 51-102F3
MATERIAL CHANGE REPORT
Item 1 -
Name and Address of Company
Asia Pacific Resources Ltd. (the “Company”)
Unit 1 – 15782 Marine Drive
White Rock, BC, Canada
V4B 1E6
Item 2 -
Date of Material Change
March 17, 2006
Item 3 -
News Release
The Company issued a press release on March 17, 2006 through the facilities of CCN Matthews, a copy of which has been filed on SEDAR.
Item 4 -
Summary of Material Change
The Company announced that it has entered into a pre-acquisition agreement with SRMT holdings Limited (the “Offeror”), a New Brunswick corporation related to Italian-Thai Development Public Company Limited, a public company domiciled in the Kingdom of Thailand, pursuant to which, subject to the terms and conditions contained therein, the Offeror will make an offer to purchase not less than two-thirds of the common shares of the Company (including common shares issuable upon the exercise of outstanding options and warrants) for a price of $0.1425 per share and the warrants of the Company for a price of $0.0175 per warrant (being the difference between the offer price and the warrant exercise price).
Item 5 -
Full Description of Material Change
A full description of the material change is contained in the press release, a copy of which is attached hereto.
Item 6 -
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7 -
Omitted Information
No information has been omitted from this material change report.
2
Item 8 -
Executive Officer
Doris Meyer, Assistant Corporate Secretary
Unit 1 – 15782 Marine Drive
White Rock, BC V4B 1E6
Telephone:
604-536-2711
Item 9 -
Date of Report
March 20, 2006
ASIA PACIFIC RESOURCES LTD.
Per:
/s/ “Doris Meyer”
Doris Meyer
Assistant Corporate Secretary
2
