The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 17, 2023.

Number of shares:  7,941,000 shares

Purchase price:  25 cents per share

Warrants:  3,970,500 share purchase warrants to purchase 3,970,500 shares

Warrant exercise price:  40 cents for a two-year period and subject to accelerated expiry

Number of shares:  6,876,002 flow-through shares

Purchase price:  30 cents per share

Warrants:  3,438,001 share purchase warrants to purchase 3,438,001 shares

Warrant exercise price:  45 cents for a two-year period and subject to accelerated expiry

Number of placees:  77 placees

Total pro group involvement:  2,231,000 (eight pro groups)

Finder's fee:  $242,238.50 cash and 856,590 warrants

Finder's warrant terms:  Each warrant (non-flow-through warrant) entitles the holder to purchase one common share at the price of 40 cents for a period of two years from the date of issuance. Each warrant (flow-through warrant) entitles the holder to purchase one common share at the price of 45 cents for a period of two years from the date of issuance.

The company issued a news release on April 28, 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.