Financing type:  non-brokered private placement

Gross proceeds:  $4.9-million

Offering:  24.5 million common listed shares with 24.5 million warrants

Offering price:  20 cents per listed share

Warrant exercise terms:  28 cents per listed share for a three-year period

Commissions in securities:  nil

Disclosure:  Refer to the company's news releases dated Dec. 16, 2025, and Dec. 31, 2025.