Financing type:  non-brokered private placement

Gross proceeds:  $1.5-million

Offering:  15 million listed shares with 7.5 million warrants

Offering price:  10 cents per listed share

Warrant exercise terms:  20 cents per listed share for an 18-month period, subject to an acceleration right

Commissions in securities:  99,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 20 cents for an 18-month period, subject to an acceleration right.

Disclosure:  Refer to the company's news releases dated Dec. 2, 2025, and Dec. 24, 2025.