The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on May 24, 2023.

Number of shares:  (1) 1,599,375 flow-through shares; (2) 6,703,043 non-flow-through shares

Purchase price:  (1) 16 cents per share; (2) 15 cents per share

Warrants:  (1) 799,687 share purchase warrants to purchase 799,687 shares; (2) 4,151,521 share purchase warrants to purchase 4,151,521 shares

Warrant exercise price:  (1) 18 cents for a three-year period; (2) 18 cents for a three-year period

Number of placees:  27 placees

Total existing insider involvement:  3,348,334 (two insiders)

Finder's fee:  $33,402.25 cash and 51,940 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 18 cents for period of three years from the date of issuance.

The company issued a news release on May 24, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.