The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 21, 2023.

Number of shares:  3,152,000 flow-through (FT) units (Each FT unit consists of one flow-through common share and one-half of one common share purchase warrant.); 3.8 million common share units (Each unit consists of one common share and one common share purchase warrant.)

Purchase price:  6.5 cents per FT unit; five cents per unit

FT warrants:  1,576,000 FT warrants to purchase 1,576,000 common shares

Warrants:  3.8 million warrants to purchase 3.8 million common shares

FT warrant price:  12.5 cents per common share, exercisable for a period of two years from the date of issuance

Warrant price:  10 cents per common share, exercisable for a period of two years from the date of issuance

Number of placees:  five placees

Total existing insider involvement:  75,000 FT units; 1.5 million units

Finder's fee:  $12,000.30 cash and 215,390 warrants

Finder's warrant terms:  Each finder's warrant entitles the holder to purchase one common share at the price of 12.5 cents for a period of two years from the date of issuance.

The company issued news releases on July 21, 2023, and Aug. 4, 2023, confirming the closing of the private placement. Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.