The TSX Venture Exchange has accepted for filing the company's proposal to issue 64,386,456 units at a deemed price of seven cents per unit to settle its outstanding unsecured convertible subordinated debentures for an aggregate amount equal to $4,507,051.92, representing a 102.5-per-cent settlement of the principal amount, and all accrued and unpaid interest. Each unit comprises one common share and one common share purchase warrant. Each warrant is exercisable for one common share at an exercise price of nine cents on or prior to April 8, 2028.

Number of creditors:  16 creditors

Total non-arm's-length-party involvement:  54,681.92, 781,170 shares at seven cents and 781,170 warrants (one party)

Warrants:  64,386,456 warrants to purchase 64,386,456 shares

Warrant exercise terms:  nine cents per share until April 8, 2028

For further information, please refer to the company's news releases on March 12, 2025, March 25, 2025, April 8, 2025, and April 29, 2025.