Financing type:  non-brokered private placement

Gross proceeds:  $4-million

Offering:  10 million listed shares with 10 million warrants

Offering price:  40 cents per listed share

Warrant exercise terms:  60 cents per listed share for a three-year period

Commissions in securities:  450,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 40 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated Jan. 26, 2026, and Feb. 10, 2026.