Financing type:  non-brokered private placement

Gross proceeds:  $2.7-million

Offering:  21.6 million listed shares with 21.6 million warrants attached

Offering price:  12.5 cents per listed share

Warrant exercise terms:  20 cents per listed share for a two-year period, subject to an acceleration right

Commissions in securities:  192,300 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 12.5 cents for a two-year period.

Disclosure:  Refer to the company's news releases dated Oct. 9, 2025, Nov. 7, 2025, Nov. 13, 2025, and Dec. 16, 2025.