Financing type:  non-brokered private placement

Gross proceeds:  $1.5-million

Offering:  18.57 million flow-through (FT) listed shares with 18.57 million warrants attached; 11.43 million listed shares with 11.43 million warrants attached

Offering price:  five cents per FT listed share; five cents per listed share

Warrant exercise terms:  six cents per listed share for a period of two years from date of issuance, subject to an acceleration right

Non-cash commissions:  36,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at five cents for a 36-month period.

Public disclosure:  Refer to the company's news releases dated Sept. 25, 2025, and Oct. 15, 2025.