Financing type:  non-brokered private placement

Gross proceeds:  $4.4-million

Offering:  20 million listed shares with 20 million warrants

Offering price:  22 cents per listed share

Warrant exercise terms:  35 cents per listed share for a one-year period

Commissions in securities:  699,973 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 35 cents for a one-year period.

Disclosure:  Refer to the company's news release dated July 28, 2025.