Further to the TSX Venture Exchange bulletin dated Aug. 19, 2026, and the expiry of the company's rights offering on Sept. 10, 2026, the exchange has accepted for filing the rights offering pursuant to which 10,094,315 units at a price of two cents were issued for gross proceeds of $201,886.30. Each unit consists of one share and one share purchase warrant. Each four warrants entitle the holder to purchase one share of the company at seven cents for a one-year period. A total of 3,938,040 units were issued pursuant to the standby commitments.

A total of 984,510 non-transferable bonus warrants were issued to five standby guarantors for their standby commitments. Each bonus warrant will be exercisable to acquire one common share of the company at an exercise price of seven cents per share until Sept. 10, 2027.

For further information, please refer to the company's news release dated Oct. 23, 2026.