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

Private placement

Number of warrants:  800,000 (100,000 postconsolidation)

Original exercise price of warrants:  18 cents (preconsolidation) ($1.44 (postconsolidation))

New exercise price of warrants:  20 cents

Expiry date of warrants:  May 28, 2025 (unchanged)

Forced exercise provision:  If the closing price for the company's shares is 25 cents or greater for a period of 10 consecutive trading days, then the warrantholders will have 30 calendar days to exercise their warrants from the date of the company's news release announcing the accelerated expiry; otherwise the warrants will expire on the 31st calendar day.

These warrants were issued pursuant to a private placement of 800,000 shares with 800,000 share purchase warrants attached, which was accepted for filing by the exchange effective June 1, 2021.