Financing type:  non-brokered private placement

Offering:  $941,000 principal amount of convertible debenture convertible into 3,764,000 listed shares with possible additional 1,882,000 detachable warrants (as defined below)

Conversion price:  25 cents per listed share

Maturity date:  36 months from date of issuance

Interest rate:  10 per cent per annum

Detachable warrant exercise terms:  In the event that the closing price of the company's common shares prior to Oct. 20, 2026, exceeds 100 per cent of the conversion price (50 cents per share), each debentureholder will receive warrants to purchase 50 per cent of the contracted number of shares at an exercise price of 70 cents per share (maximum of 1,882,000 share purchase warrants issuable to purchase 1,882,000 shares)

Non-cash commission:  47,360 finder's warrants

Commission terms:  Each non-transferable warrant is exercisable at 25 cents for an 18-month period.

Public disclosure:  Refer to the company's news releases dated May 13, 2024, and April 11, 2024.