The TSX Venture Exchange has consented to the reduction in the exercise price of warrants.

Number of warrants: 3,134,560

Original expiry date of warrants:  Oct. 1, 2023

Original exercise price of warrants:  50 cents

New exercise price of warrants:   19 cents

Forced exercise provision:   If the closing price for the company's shares is 24 cents or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants following delivery by the company of an acceleration notice; otherwise the warrants will expire on the 31st day.

These warrants were issued pursuant to a private placement of 2,192 unsecured convertible debenture units. Each convertible debenture unit consists of a $1,000 principal amount unsecured convertible debenture and 1,430 common share purchase warrants of the company, which was accepted for filing by the exchange effective Oct. 29, 2021.