Further to TSX Venture Exchange bulletin dated April 26, 2023, the exchange has accepted for filing the company's documentation in connection with the amendment letter dated Dec. 21, 2023, to its $35-million (U.S.) bridge loan facility agreement dated March 21, 2023, whereby the main amendments to the terms of the loan are as follows:

• Extension of maturity by six months from Dec. 22, 2023, to June 21, 2024;
• Interest rate increase from 8 per cent to 10 per cent;
• Addition of a 0.25-per-cent royalty capped at 1.5 million ounces (oz) of gold across Kiniero's licences, including a buyback mechanism, subject to specific conditions;
• Permitted indebtedness headroom increased from $4-million (U.S.) to $12-million (U.S.), subject to certain conditions.

Security, covenants and other conditions remain unchanged. The 22.5 million warrants originally issued remain unaffected by the amendment letter.

For additional details, please refer to the company's news releases dated Dec. 22, 2023, and Dec. 24, 2023.