Financing type:  non-brokered private placement

Gross proceeds:  $15-million

Offering:  25 million listed shares and 25 million warrants

Offering price:  60 cents per listed share

Warrant exercise terms:  Each non-transferable warrant is exercisable at 98 cents for a two-year period.

Disclosure:  Refer to the company's news release dated Jan. 20, 2026.