The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on April 20, 2023, and further amended on April 21, 2023.

Number of units:  85,714,200 units (Each unit consists of one common share in the capital of the company and one common share purchase warrant.)

Purchase price:  17.5 Canadian cents per unit

Warrants:  85,714,200 share purchase warrants to purchase 85,714,200 shares

Warrant exercise price:  19 U.S. cents for a three year period from the date of issuance

Number of placees:  34 placees

Agents' fees:  $446,624.55 (Canadian) cash and 1,283,213 agent's warrants payable to Eight Capital; $446,624.55 (Canadian) cash and 1,283,213 agent's warrants payable to SCP Resource Finance LP; $2,625 (Canadian) cash payable to Sprott Global Resource Investments Ltd. (Each agent's warrant will be exercisable for one unit in the capital of the company, under the same terms as mentioned above, at an exercise price of 17.5 cents for a period of 24 months.)

The company issued a news release on May 11, 2023, confirming the closing of the private placement. 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.