Financing type:  brokered private placement

Gross proceeds:  $11.5-million

Offering:  115 million listed shares with 115 million warrants attached

Offering price:  10 cents per listed share

Warrant exercise terms:  13 cents per listed share for a four-year period

Commissions in securities:  8,778,200 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable to acquire one unit at 10 cents for a four-year period. Each unit consists of one common share in the company and one common share purchase warrant entitling the holder to acquire one common share of the company at a price of 13 cents per share.

Disclosure:  Refer to the company's news releases dated Feb. 2, 2026, Feb. 3, 2026, and Feb. 19, 2026.