Further to convertible debentures issued pursuant to a private placement originally accepted by the TSX Venture Exchange on Feb. 4, 2022, amendments accepted by the exchange on Oct. 19, 2022, and Feb. 13, 2024, and a replacement accepted by the exchange on Feb. 18, 2025, of the previously amended convertible debentures, the exchange has accepted for an amendment of the replacement convertible debentures. The company is not receiving any new additional funds.

Replacement convertible debentures -- maturity date and conversion price expiry:  Dec. 31, 2025

New amended convertible debentures -- maturity date and conversion price expiry:  Dec. 31, 2027, subject to an accelerated expiry if the lender requires repayment of the convertible debenture

Detachable warrants -- original exercise terms:  eight million detachable warrants with an exercise price of 12 cents per listed share until Dec. 31, 2025

Detachable warrants -- new exercise terms:  eight million detachable warrants with an exercise price of 12 cents per listed share until Dec. 31, 2027, subject to an accelerated expiry if the lender requires repayment of the convertible debenture

The amount of aggregate principal outstanding is $1.5-million. All other details of the new amended convertible debentures remain unchanged from the replacement convertible debentures, the previously amended convertible debentures and/or the original convertible debentures.

For further information, please refer to the company's news release dated May 1, 2025.