Financing type:  non-brokered private placement

Gross proceeds:  $3.75-million

Offering:  30 million listed shares with 30 million warrants

Offering price:  12.5 cents per listed share

Warrant exercise terms:  17 cents per listed share for a two-year period, subject to an acceleration right

Commissions in securities:  463,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 17 cents for a two-year period, subject to an acceleration right.

Disclosure:  Refer to the company's news releases dated Jan. 5, 2026, Jan. 21, 2026, and Jan. 29, 2026.