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

Private placement

Number of warrants:  3.25 million

Original expiry date of warrants:  Jan. 19, 2026 (as to 1.47 million warrants); Jan. 26, 2026 (as to 1,428,000 warrants); March 18, 2026 (as to 352,000 warrants)

New expiry date of warrants:  Jan. 19, 2029 (as to 3.25 million warrants)

Original exercise price of warrants:  40 cents

New exercise price of warrants:  15 cents

Forced exercise provision:  If the closing price for the company's shares is 18.75 cents or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise, the warrants will expire on the 31st day.

These warrants were issued, prior to being listed on the exchange, pursuant to a private placement of 3.25 million shares with 3.25 million share purchase warrants attached, which was accepted for filing by the exchange effective March 14, 2024.