Further to the TSX Venture Exchange bulletin dated Feb. 14, 2023, the exchange has accepted for filing a replacement debenture as announced on Jan. 17, 2024.

Convertible debentures:  $4,884,000 aggregate principal amount of unsecured convertible debentures (unchanged)

Original conversion price:  the principal amount being convertible into common shares at a conversion price of 80 cents per share

Amended conversion price:  the principal amount being convertible into common shares at a conversion price of 30 cents per share

Original maturity date:  Nov. 9, 2023

Amended maturity date:  Nov. 9, 2024

Interest rate:  10 per cent per annum (unchanged)

Number of placees:  eight placees (unchanged)

Total existing insider involvement:  $3.35-million (two insiders)

The debentures replaced the $4,884,000 unsecured convertible debentures that were issued pursuant to a non-brokered private placement that was originally announced on Oct. 24, 2022, and accepted for filing by the exchange effective Feb. 14, 2023.

For further information, please refer to the company's news releases dated Oct. 24, 2022, Nov. 9, 2022, Feb. 9, 2023, and Jan. 17, 2024.