Further to the TSX Venture Exchange bulletin dated May 26, 2023, the exchange has accepted for filing a debenture amendment as announced on May 20, 2025.

Financing type:  non-brokered private placement

Original offering:  $865,000 principal amount of a convertible debenture, convertible into 2,337,837 listed shares

Remaining amended offering:  $300,000 principal amount of a convertible debenture, convertible into 810,810 listed shares

Conversion price:  37 cents per listed share

Original maturity date:  May 18, 2025

Amended maturity date:  May 18, 2026

Interest rate:  10 per cent per annum

The debenture replaced the $865,000 convertible debenture, which was issued pursuant to a non-brokered private placement that was originally announced on May 18, 2023, and accepted for filing by the exchange effective May 26, 2023.

For further information, please refer to the company's news releases dated May 18, 2023, and May 20, 2025.