The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on March 23, 2023.

Convertible debenture:  $1,563,600

Conversion price:  convertible into units consisting of 15,536,000 common shares and 15,536,000 common share purchase warrants at 10 cents of principal outstanding

Maturity date:  three years from issuance

Warrants:  Each warrant will have a term of three years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of 15 cents.

Interest rate:  12 per cent per annum

Number of placees:  19 placees

Total existing insider involvement:  five million (one insider)

Total pro group involvement:  500,000 (two pro groups)

Finder's fee:  $12,500 cash and 125,000 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at a price of 15 cents for period of three years from the date of issuance.

The company issued a news release on April 20, 2023, confirming the closing of the private placement.