The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 17, 2023.

Number of shares:  8,713,334 flow-through (FT) shares; 4,154,320 non-flow-through (NFT) shares

Purchase price:  12 cents per FT share; 10 cents per NFT share

Warrants:  12,867,654 share purchase warrants to purchase 12,867,654 shares

Warrant exercise price:  16 cents for a two-year period for 8,713,334 warrants; 15 cents for a two-year period for 4,154,320 warrants

Number of placees:  27 placees

Total existing insider involvement:  180,000 FT shares and 220,000 NFT shares (four insiders)

Finder's fee:  $74,060 cash and 747,600 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 10 cents for period of two years from the date of issuance.

The company issued news releases on April 28, 2023, May 19, 2023, and May 23, 2023, confirming the closing of the private placement. Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.