The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 30, 2023, and May 30, 2023.

Convertible debenture:  $385,000

Conversion price:  The principal of convertible debenture is convertible into units of the company, commencing on the date that is six months from the date of the issuance of the convertible debenture. Each unit shall have a conversion price of five censt per unit for the first year and the higher of 10 cents per unit or the last closing price of the company's common shares on the day prior to conversion for the subsequent years until maturity. Each unit comprises one common share of the company and one share purchase warrant.

Maturity date:  three years from the date of issuance, subject to automatic conversion

Warrants:  Each warrant entitles the holder to acquire one common share at a price of eight cents for a period of five years from the date of issuance of the convertible debenture.

Interest rate:  5.0 per cent per annum, compounded and paid annually

Number of placees:  seven placees

Finder's fee:  $30,800 cash and 616,000 warrants

Finder's warrant terms:  Each finder's warrant is non-transferable and entitles the holder to purchase one common share at eight cents for a period of three years from the date of issuance.

The company has issued news releases dated June 13, 2023, confirming the closing of the private placement.