Further to the TSX Venture Exchange bulletin dated June 18, 2021, the exchange has consented to the amendments of the convertible debentures as mentioned below.

Original convertible debentures:  $2.5-million principal amount of unsecured convertible debentures

Amended convertible debentures:  $2.5-million principal amount of secured convertible debentures

Original conversion price:  convertible into common shares of the company at a price equal to 40 cents per common share (unchanged)

Maturity date:  June 11, 2026 (unchanged)

Original interest rate terms:  6 per cent per annum

Amended interest rate terms:  0 per cent per annum (from Jan. 1, 2023, to June 11, 2026)

The holder's conversion rights have been amended to convert the convertible debentures into common shares any time within the maturity date. The company's conversion rights are limited to conversion on maturity date. All other terms remain unchanged.

For further information, please refer to the company's news releases dated Oct. 23, 2023, and June 11, 2021.