The TSX Venture Exchange has consented to the extension in the expiry date and reduction in the exercise price of the following warrants.

Private placement

Number of warrants:  2,161,716

Original expiry date of warrants:  April 19, 2025

New expiry date of warrants:  April 19, 2027 (new)

Forced exercise provision:  If the closing price for the company's shares is 10.6 cents or greater for a period of 10 consecutive trading days, then the warrantholders will have 30 days to exercise their warrants; otherwise, the warrants will expire on the 31st day.

Original exercise price of warrants:  37 cents

New exercise price of warrants:  8.5 cents (new)

These warrants were issued pursuant to a private placement of 2,161,716 shares with 2,161,716 share purchase warrants attached, which were accepted for filing by the exchange effective April 21, 2022.

For further details, please see the company's news releases dated Aug. 24, 2023, and Oct. 26, 2023.