The TSX Venture Exchange has accepted for filing the company's proposal to issue 3,018,572 units to settle outstanding debt for $513,157.18 to an arm's-length creditor. Each unit will comprise one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of 25 cents for a period of 24 months.

Number of creditors:  one creditor

Non-arm's-length party/pro group participation:  not applicable

Warrants:  1,509,286 share purchase warrants to purchase 1,509,286 shares

Warrant exercise price:  25 cents for a two-year period

For further information, please refer to the company's news releases dated April 5, 2023.