Financing type:  non-brokered private placement

Gross proceeds:  $4,887,569.65

Offering:  five million flow-through shares with 2.5 million warrants; 8,250,199 non-flow-through shares with 4,125,099 warrants

Offering price:  40 cents per flow-through unit; 35 cents per non-flow-through unit

Warrant exercise terms:  60 cents per flow-through warrant for a three-year period; 50 cents per non-flow-through warrant for a three-year period

Commissions in securities:  447,314 finders' warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 35 cents common share for a period of three years from the date of issuance.

Pursuant to corporate finance Policy 4.1, Section 1.9(e), the company issued news releases on April 7, 2025, and April 8, 2025, announcing the closing of the private placement.