Effective May 19, 2023, the company filed a prospectus supplement to the company's short form base shelf prospectus dated Feb. 24, 2023. The prospectus supplement was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by each of the provinces and territories of Canada securities commissions, other than Quebec, pursuant to the applicable securities acts in each of the provinces and territories of Canada, other than Quebec.

The exchange has been advised that the closing of the offering occurred on May 26, 2023, for aggregate gross proceeds of $4,608,505 (including gross proceeds from the full exercise of the overallotment option).

Offering:  15 million shares and 21.8 million flow-through shares

Share price:  10 cents per share and 11.5 cents per flow-through share

Agents:  Paradigm Capital Inc. and Agentis Capital Markets LP

Agents' commissions:  cash commission of $276,483

Overallotment option:  The agents were granted an option to purchase up to an additional 15 per cent of the offered shares sold pursuant to the offering, for a period of 30 days from and including the closing date. The overallotment option was fully exercised on the closing date for 2.11 million shares and 3,391,739 flow-through shares.

For further details, please refer to the company's news releases dated May 17, 2023, and May 26, 2023, and prospectus supplement dated May 19, 2023, and filed on SEDAR.