Financing type:  non-brokered private placement

Offering:  $2,399,165 principal amount of convertible debentures convertible into 31,988,866 listed shares with 31,988,866 detachable warrants

Conversion price:  7.5 cents of principal outstanding in the first year and 10 cents in the subsequent years

Maturity date:  four years from issuance

Interest rate:  10 per cent per annum

Warrant exercise terms:  10 cents per listed share for a four-year period, subject to an acceleration right

Commissions in securities:  33,333 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 10 cents for a two-year period.

Disclosure:  Refer to the company's news releases dated April 14, 2025, June 3, 2025, and July 8, 2025.