Financing type:  brokered private placement

Gross proceeds:  $23,001,103.82

Offering:  8,065,000 LIFE (listed issuer financing exemption) CDE (Canadian development expense) FT (flow-through) shares; 3,418,500 LIFE CEE (Canadian exploration expense) flow-through shares; 2,469,399 CEE FT shares; 3,472,518 CEE FT shares; five million NFT (non-flow-through) shares with 11,212,708 warrants

Offering price:  99.2 cents per LIFE CDE FT share; $1.104 per LIFE CEE FT share; $1.104 per CEE FT share; $1.296 per CEE FT share; 80 cents per NFT share

Warrant exercise terms:  $1.20 per listed share for a two-year period

Commissions in securities:  1,270,525 finders' warrants

Commission terms:  1,195,525 warrants, exercisable at 80 cents for a two-year period, and 75,000 warrants, exercisable at 80 cents for a nine-month period (Each warrant is exercisable into one common share.)

Disclosure:  Refer to the company's news releases dated Nov. 12, 2025, and Dec. 4, 2025.