Loan value:  12-month extension to Sept. 30, 2024, $500,000 (U.S.) principal payment toward $5-million (U.S.) loan

Bonus securities:  100,000 warrants

Warrant terms:  Each non-transferable warrant is exercisable at $2.03 per share with an expiry date of Aug. 25, 2026.

Public disclosure:  Refer to the company's news releases dated Aug. 27, 2024, and Dec. 10, 2025.