Financing type:  non-brokered private placement

Offering:  $330,000 principal amount of convertible debenture, convertible into 1.65 million listed shares with 500,000 warrants attached

Conversion price:  20 cents per listed share

Maturity date:  Dec. 31, 2026

Interest rate:  11 per cent per annum

Warrant exercise terms:  12 cents per listed share for a one-year period

This $330,000 convertible debenture serves as a replacement for a previous secured debenture that matured in August, 2025. For more information, please refer to the company's news release(s) dated Dec. 11, 2025, and Dec. 17, 2025.