MATERIAL CHANGE REPORT

Name and Address of Company

BetterLife Pharma Inc. (the "Company")

1275 West 6th Avenue

Suite 300

Vancouver, British Columbia

V6H 1A6

Date of Material Change

January 2023 and December 2022

News Releases

N/A.

Summary of Material Change

On December 12, 2022, the Company granted 20,000 stock options with exercise price of $0.16 and expiry date of December 11, 2024 to a consultant. On January 13, 2023, the Company granted 1,800,000 stock options with exercise price of $0.16 and expiry date of January 12, 2023 to officers, directors and consultants.

On January 16, 2023, the Company filed a Notice of Meeting and Record Dates for its upcoming Annual General Meeting to be held on March 30, 2023 with a record date of February 10, 2023.

Full Description of Material Change

Refer to Item 4.

Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

This Report is not being filed on a confidential basis in reliance on subsection 7.1(2) of National Instrument 51-102.

Omitted Information

No information has been omitted on the basis that it is confidential information.

Executive Officer

Further information can be obtained from Ahmad Doroudian, Chief Executive Officer of the Company, at (604) 221-0595.

Date of Report

January 17, 2023

Attachments

Disclaimer

BetterLife Pharma Inc. published this content on 18 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2023 14:09:03 UTC.