The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 30, 2023.

Convertible debenture:  $687,100 (U.S.) ($893,100 equivalent)

Conversion price:   convertible into shares consisting of up to 11,163,750 common shares at eight cents per share of principal outstanding in year one, at 10 cents per share of principal outstanding in year two and prior to maturity

Maturity date:  two years from issuance

Warrants:   3,720,792 detachable common share purchase warrants; each warrant will have a term of two years from the date of issuance of the notes and entitles the holder to purchase one common share the warrants are exercisable at the price of 12 cents in both years

Interest rate:  10.0 per cent per annum, calculated in U.S. dollars; accrued interest is payable in cash, anything else is subject to TSX Venture Exchange approval

Number of placees:  24 placees

Aggregate existing insider involvement:  three insiders, 125 debentures ($125,000 (U.S.))

Aggregate pro group involvement:  one group, 40 debentures ($40,000 (U.S.))

Finder's fee:  $2,040 (U.S.), 11,049 warrants

Finder's warrants terms:  Each warrant entitles the holder to purchase one common share at the price of 12 cents for a period of two years from the date of issuance.

The company issued news releases on Aug. 4, 2023, Sept. 12, 2023, and Sept. 22, 2023, confirming closing of the private placement.