Financing type:  brokered private placement

Gross proceeds:  $10,086,768

Offering:  63,042,300 listed shares with 31,521,150 warrants attached

Offering price:  16 cents per listed share

Warrant exercise terms:  25 cents per listed share for a two-year period

Commissions in securities:  Paradigm Capital Inc., 3,218,659 warrants; Cormark Securities Inc./Valeurs Mobilieres Cormark Inc., 357,629 warrants

Commission terms:  Each non-transferable warrant is exercisable at 16 cents for a two-year period.

Disclosure:  Refer to the company's news releases dated May 8, 2025, and May 29, 2025.