Effective May 10, 2023, the company's prospectus dated May 9, 2023, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta and Ontario securities commissions on May 10, 2023, pursuant to the provisions of the respective securities acts and the provisions of Multilateral Instrument 11-102, Passport System.

The TSX Venture Exchange has been advised that closing occurred on May 17, 2023, for gross proceeds of $55-million.

Agents:  Bloom Burton Securities Inc.

Offering:  70,297,220 common shares; 39,702,780 prefinanced warrants (Each prefinanced warrant is exercisable into one common share at a nominal exercise price of 0.001 cent. The prefinanced warrants may be exercised on a net or cashless basis and do not expire.)

Share price:  50 cents per common share; 49.999 cents per prefinanced warrant

Agents' warrants:  7,383,919 non-transferable compensation options, with each option exercisable to purchase one share at 50 cents per share to May 17, 2025

For further details, please refer to the company's news releases dated May 17, 2023.