Further to the TSX Venture Exchange bulletin dated April 18, 2022, the exchange has accepted for filing a replacement debenture as announced on Dec. 6, 2022, and Jan. 24, 2023.

Original convertible debenture:  $11,095,976 aggregate principal amount of secured convertible debenture

Amended convertible debenture:  $11,770,710 aggregate principal amount of secured convertible debenture

Original conversion price:  The principal amount is convertible into common shares at a conversion price of 40 cents per share.

Amended conversion price:  The principal amount is convertible into common shares at a conversion price of 36 cents per share.

Original maturity date:  April 27, 2023

Amended maturity date:  Dec. 31, 2024

Original interest rate:  8 per cent per annum

Amended interest rate:  9 per cent per annum

Original warrants:  2,866,036 share purchase warrants to purchase 2,866,036 common shares, exercisable at a price of 41 cents per share, expiring on April 27, 2023, and 12,195,122 share purchase warrants to purchase 12,195,122 common shares, exercisable at a price of 41 cents per share, expiring on April 27, 2023 (separate bulletin dated April 7, 2022)

Replacement warrants:  15,061,158 share purchase warrants to purchase 15,061,158 shares, exercisable at a price of 38 cents per share expiring on Dec. 31, 2024

Number of placees:  one placee (unchanged)

Insider/pro group participation:  nil

The debenture replaced the $11,095,976 secured convertible debenture, plus accrued interest, which was issued pursuant to a non-brokered private placement that was originally announced on April 7, 2022, and accepted for filing by the exchange effective April 18, 2022.

For further information, please refer to the company's news releases dated April 7, 2022, Dec. 6, 2022, and Jan. 24, 2023.