Financing type:  non-brokered private placement

Gross proceeds:  $6-million in cash deposited into third party escrow

Offering:  six million common shares of the company deposited into third party escrow

Offering price:  $1 per unit

Monthly release:  Over a 24-month period, the cash and shares will be released from their respective escrow accounts based on the company's market price, calculated at the time of each date of release.

Warrants:  Four million five hundred thousand share purchase warrants will be issued in equal instalments to the arm's-length subscriber at the time of each monthly release. The warrants will be priced at a 20-per-cent premium to the five-day VWAP (volume-weighted average price) and will have an expiry date of three years from the date of each warrant issuance. Upon closing, the investor has received 1.5 million warrants, exercisable at $1.18 per warrant share for a period of three years from the date of issuance.

Additional fees:  The company paid the investor a corporate finance fee of $360,000 and a due diligence fee of $100,000, payable through the aggregate issuance of 460,000 shares in third party escrow and a future aggregate issuance of 460,000 warrants. The corporate finance fee and due diligence fee are on the same terms as the offering and subject to the same monthly release schedule. The monthly release and monthly issuance of warrants are subject to exchange acceptance.

Disclosure:  Refer to the company's news releases dated Nov. 25, 2025, and Dec. 8, 2025.