The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on May 1, 2023.

Number of shares:  1.3 million non-flow-through common shares, 10,833,000 flow-through common shares

Purchase price:  five cents per non-flow-through common share, six cents per flow-through common share

Warrants:  12,133,000 share purchase warrants to purchase 12,133,000 non-flow-through common shares

Warrant exercise price:  10 cents for a period of 60 months from the date of issuance

Number of placees:  four placees

Finder's fee:  $45,398, 769,647 warrants

Finder's warrants terms:  Each finder's warrant is exercisable to acquire one common share in the capital of the company at an exercise price of 10 cents for a period of 60 months from the date of issuance.

Pursuant to corporate finance Policy 4.1, Section 1.11(d), thecCompany has issued a new release on May 1, 2023, announcing the closing of the private placement and setting out the expiry dates of the hold period(s).