The TSX Venture Exchange has accepted for filing an extension of $1,735,000 principal amount of subordinated and secured non-convertible debentures and an offering of $805,000 principal amount of subordinated and secured non-convertible debentures to arm's-length and non-arm's-length subscribers. The debentures will mature in one year from issuance and shall bear interest at a rate of 12 per cent per annum.

Additionally, the exchange has accepted the issuance of 2,208,671 bonus shares to be issued to the lenders in connection with the transaction.

Total existing insider involvement:  $245,000 (two insiders)

Finders' fees:  total of $24,600 in cash and 213,822 finders' compensation options, payable to Research Capital Corp., Haywood Securities Inc. and Pullen Family Holdings Inc. (Each compensation option entitles the holder to acquire one common share at 11.5 cents for a 24-month period from the date of issuance.)

For further details, please refer to the company's news releases dated Sept. 11, 2023, Sept. 15, 2023, Sept. 29, 2023, and Oct. 16, 2023.