Financing type:  non-brokered private placement

Gross proceeds:  $2.5-million

Offering:  10 million listed shares with five million warrants

Offering price:  25 cents per listed share

Warrant exercise terms:  35 cents per listed share for a three-year period

Commissions in securities:  198,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 35 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated Dec. 24, 2025, and Jan. 15, 2026.