Financing type:  non-brokered private placement

Gross proceeds:  $5.5-million

Offering:  20 million listed shares with 20 million warrants attached

Offering price:  27.5 cents per listed share

Warrant exercise terms:  40 cents per listed share for a two-year period

Commissions in securities:  633,194 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 40 cents for a two-year period.

Disclosure:  Refer to the company's news releases dated July 8, 2025, and Aug. 7, 2025.