Financing type:  non-brokered private placement

Gross proceeds:  $1.2-million (U.S.) (approximately $1,676,000 (Canadian))

Offering:  10 million listed shares with five million warrants attached

Offering price:  12 U.S. cents (approximately 16.76 Canadian cents) per listed share

Warrant exercise terms:  18 U.S. cents (approximately 25 Canadian cents) per listed share for a two-year period

Disclosure:  Refer to the company's news release dated May 20, 2025.