The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced April 26, 2023, and May 2, 2023.

Number of shares:  9.65 million flow-through common shares

Purchase price:  $1 per common share

Warrants:  4,825,000 share purchase warrants to purchase 4,825,000 shares

Warrant exercise price:  92 cents for a period of two years

Number of placees:  31 placees

Broker's fee/finder's fee:  an aggregate of $527,250 in cash and 527,250 compensation warrants (Each compensation warrant is exercisable into one common share at 75 cents for a period of two years.)

The company has issued a new release announcing the closing of the private placement and setting out the expiry dates of the hold periods. 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.