Financing type:  non-brokered private placement

Offering:  $184,000 principal amount of convertible debentures, convertible into 736,000 listed shares, with possible additional 368,000 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 (0 cents per share), each such debentureholder will receive warrants to purchase 50 per cent of the contracted number of shares at an exercise price of 70 cents per share until Oct. 20, 2026, subject to an acceleration right. Up to 368,000 share purchase warrants are issuable to purchase 368,000 shares.

Public disclosure:  Refer to the company's news releases dated May 14, 2024, June 27, 2024, and July 2, 2024.