The TSX Venture Exchange has consented to the extension in the expiry date and the reduction in the exercise price of the following warrants issued in two tranches.

Private placement:

Number of warrants to extend:  9,028,000

Original expiry date of warrants:  Oct. 11, 2021

New expiry date of warrants:  Oct. 11, 2024

Number of warrants eligible to be repriced 3,124,450*

Original exercise price of warrants:  35 cents until Oct. 11, 2020, 50 cents until Oct. 11, 2021

New exercise price of warrants 28.5 cents until Oct. 11, 2024

Number of warrants to extend:  646,153

Original expiry date of warrants:  Oct. 31, 2021

New expiry date of warrants:  Oct. 31, 2024

Number of warrants eligible to be repriced 646,153*

Original exercise price of warrants:  35 cents until Oct. 31, 2020, 50 cents until Oct. 31, 2021

New exercise price of warrants 28.5 cents until Oct. 31, 2024

* Only 10 per cent of the placement held by insiders is being repriced.

These warrants were issued pursuant to a private placement of 9,674,153 shares with 9,674,153 share purchase warrants attached, which was accepted for filing by the exchange effective Nov. 13, 2019.