Financing type:  non-brokered private placement

Gross proceeds:  $1,999,999.98 (Australian)

Offering:  66,666,666 listed shares with 16,666,666 warrants

Offering price:  three Australian cents per listed share

Warrant exercise terms:  nine Australian cents per listed share for a four-year period

Commissions in securities:  14 million finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at nine Australian cents for a four-year period.

Disclosure:  Refer to the company's news releases dated Nov. 21, 2024, Nov. 29, 2024, and Feb. 11, 2025.