The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 15, 2024.

Number of shares:  2.5 million non-flow-through common shares; 6,666,667 premium non-flow-through common shares; 4,444,444 flow-through common shares

Purchase price:  20 cents per non-flow-through common share; 22.5 cents per premium non-flow-through common share; 36 cents per flow-through common share

Warrants:  6,805,555 share purchase warrants to purchase 6,805,555 common shares

Warrant exercise price:  5,555,555 warrants exercisable at 45 cents for period of two years; 1.25 million warrants exercisable at 40 cents for period of two years

Number of placees:  nine placees

Total existing insider involvement:  375,000 (two insiders)

The company issued news releases on April 15, 2024, and April 17, 2024, 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.