Financing type:  non-brokered private placement

Gross proceeds:  $2-million

Offering:  12.5 million listed shares with 6.25 million warrants attached

Offering price:  16 cents per listed share

Warrant exercise terms:  25 cents per listed share for a two-year period, subject to an acceleration right

Disclosure:  Refer to the company's news releases dated Dec. 23, 2025, and Dec. 24, 2025.