Further to the convertible debentures issued pursuant to private placements originally accepted by the TSX Venture Exchange, effective May 26, 2023, and Aug. 15, 2023, the exchange has consented to the following amendments to the terms of the $3,195,000 aggregate principal amount of the original convertible debentures currently outstanding.

Convertible debenture:  $3,195,000 (principal convertible debentures currently outstanding)

Conversion price:  convertible at a price of 50 cents per share (unchanged)

Maturity date:  June 27, 2027 (new)

Detachable warrants:  In addition, the company will issue to each current holder 1,269 warrants per $1,000 for the remaining $3,195,000 principal; specifically: 2,456,955 warrants are exercisable at 65 cents per share and 1,597,500 warrants are exercisable at $1 per share. The new warrants expire on June 27, 2027. The new warrants are issued for no additional consideration as a condition of the debentureholders' consent to the amendments (new).

Interest rate:  12.5 per cent per annum (new)

Public disclosure:  Refer to the company's news releases dated Feb. 14, 2023, March 14, 2023, July 4, 2023, July 20, 2023, May 10, 2024, and March 13, 2026.