Further to a convertible debenture issued pursuant to a private placement originally accepted by the TSX Venture Exchange effective April 12, 2022, the exchange has consented to a replacement of the original convertible debenture.

Original convertible debenture:  the principal amount of $10,375,460.00

Replacement convertible debenture:  the principal amount of $7,969,775.02 (U.S.) representing $10,887,509.66 from the original convertible debenture, including principal and accrued and unpaid interest outstanding

Original convertible debenture conversion price:  $10,375,460.00 is convertible into 15,962,246 common shares at 65 cents per share for three years from the date of the issuance of the original convertible debenture

Replacement convertible debenture conversion price:  $7,969,775.02 (U.S.) is convertible into 36,226,249 common shares at 22 U.S. cents per share

Original convertible debenture maturity date:  Jan. 24, 2025, Feb. 14, 2025, March 17, 2025, and March 30, 2025

Replacement convertible debenture maturity date:  Sept. 30, 2026

Original convertible debenture interest rate:  8 per cent per annum

Replacement convertible debenture interest rate:   10 per cent per annum, compounded annually on Sept. 30, not in advance; interest may be paid in cash or shares; any issuance of securities to settle accrued interest will require the prior approval of the exchange

For further information, please refer to the company's press releases dated Oct. 17, 2023, and Oct. 19, 2023.