Financing type:  non-brokered private placement

Gross proceeds:  $12-million

Offering:  15 million listed shares with 15 million warrants

Offering price:  80 cents per listed share

Warrant exercise terms:  $1.10 per listed share for a two-year period

Commissions in securities:  1,086,187 finders' shares and 1,086,187 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at $1.10 for a two-year period.

Disclosure:  Refer to the company's news release dated Aug. 5, 2025.