Financing type:  non-brokered private placement

Offering:  $500,000 principal amount of convertible debentures, convertible into 4,761,905 listed shares with 2,380,952 detachable warrants

Conversion price:  10.5 cents per listed share

Maturity date:  Oct. 29, 2028

Interest rate:  12 per cent per annum

Warrant exercise terms:  14 cents per listed share for a three-year period, subject to an acceleration right

Disclosure:  Refer to the company's news release dated Oct. 31, 2025.