Loan value:  four-month extension to Feb. 1, 2026, for $500,000 (U.S.) principal payment toward $5-million (U.S.) loan originally due on Oct. 1, 2025

Bonus securities:  575,000 warrants

Warrant terms:  Each non-transferable warrant is exercisable at 75 Canadian cents per share with an expiry date of Aug. 25, 2026.

Public disclosure:  Refer to the company's news release dated Dec. 10, 2025.