The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 7, 2023.

Number of shares:  15 million flow-through shares and 5,777,000 common shares

Purchase price:  five cents per flow-through share and 4.5 cents per common share

Warrants:  10,388,000 share purchase warrants to purchase 10,388,000 common shares

Warrant exercise price:  6.5 cents per share for a period of two years

Number of placees:  two placees

Aggregate existing insider involvement:  5,777,000 (one insider)

Finder's fee:  $45,000 cash and 900,000 warrants

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

Pursuant to corporate finance Policy 4.1, Section 1.9(e), the company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold periods. 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.