The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on May 26, 2023.

Number of shares:  3,125,000 common share units, each unit consisting of one common share in the capital of the company and one share purchase warrant

Purchase price:  16 cents per unit

Warrants:  3,125,000 warrants to purchase 3,125,000 shares

Warrant price:  20 cents, exercisable for a period of two years from the date of issuance

Number of placees:  20 placees

Total existing insider involvement:  107,500 (one insider)

Finder's fee:  $9,436 cash and 58,975 warrants (The finder's warrants are exercisable at 20 cents per finder's whare for a period of two years from the date of issuance.)

The company issued news releases on June 16, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the Warrants, if they are less than the maximum permitted term.