Financing type:  non-brokered private placement

Gross proceeds:  $4.75-million

Offering:  23.75 million listed shares with 23.75 million warrants attached

Offering price:  20 cents per listed share

Warrant exercise terms:  50 cents per listed share for a two-year period, subject to an acceleration right

Commissions in securities:  1,041,425 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 20 cents for a two-year period, subject to an acceleration right.

Disclosure:  Refer to the company's news releases dated May 22, 2026, and May 27, 2026.