Private placement -- non-brokered

Financing type:  non-brokered private placement

Gross proceeds:  $4-million

Offering:  20 million listed shares with 20 million warrants

Offering price:  20 cents per listed share

Warrant exercise terms:  40 cents per listed share for a two-year period

Commissions in securities:  599,200 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 40 cents for a two-year period.

Disclosure:  Refer to the company's news release dated Feb. 6, 2026.