Financing type:  non-brokered private placement

Offering:  $300,000 principal amount of convertible debenture convertible into up to 1,538,446 listed shares with possible additional 769,223 detachable warrants (as defined below)

Conversion price:  19.5 cents per listed share for the first year since issuance and thereafter at 25 cents until maturity

Maturity date:  June 28, 2027

Interest rate:  10 per cent per annum

Detachable warrant exercise terms:  In the event the company's common shares closing price prior to Oct. 20, 2026, exceeds 100 per cetn of the conversion price (39 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 (maximum 769,223 share purchase warrants issuable to purchase 769,223 shares).

Commissions in securities:  8,205 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 19.5 cents for an 18-month period.

Public disclosure:  Refer to the company's news releases dated Aug. 28, 2024, Sept. 20, 2024, and Nov. 6, 2024.