Financing type:  non-brokered private placement

Gross proceeds:  $12-million

Offering:  24 million listed shares with 24 million warrants

Offering price:  50 cents per listed share

Warrant exercise terms:  75 cents per listed share for a two-year period

Commissions in securities:  115,610 finders' warrants

Commission terms:  63,040 non-transferable warrants, exercisable at 75 cents for a two-year period; 52,570 non-transferable warrants, exercisable at 50 cents for a three-year period

Disclosure:  Refer to the company's news releases dated Sept. 23, 2025, and Oct. 22, 2025.