Effective Dec. 20, 2023, the company's short form prospectus dated Dec. 20, 2023, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission and the Ontario Securities Commission, pursuant to the provisions of the Securities Act. The prospectus has been filed under Multilateral Instrument 11-102, Passport System, in Alberta.

The exchange has been advised that the closing of the offering pursuant to the prospectus occurred on Dec. 22, 2023, for gross proceeds of $13.8-million.

Offering:  86.25 million units, including the exercise in full of the overallotment option (Each unit consists of one common share and one warrant exercisable into one common share.)

Unit price:  16 cents per unit

Warrant exercise price/term:  16 U.S. cents (21 Canadian cents) for a period of 36 months from the closing date of the offering

Agent:  Eight Capital

Agent's commission:  an aggregate of $624,360 and 3,152,250 compensation warrants, with each compensation warrant being exercisable to acquire one unit at a price of 16 cents per unit until Dec. 22, 2025

Overallotment option:  The underwriters were granted an overallotment option in connection with this offering to purchase an additional 11.25 million units, which was exercised in full.

For further details, please refer to the company's prospectus dated Dec. 20, 2023, and filed on SEDAR+, and the company's news releases dated Dec. 4, 2023, Dec. 5, 2023, Dec. 8, 2023, Dec. 20, 2023, and Dec. 22, 2023.