Financing type:  non-brokered private placement

Offering:  $1.35-million principal amount of convertible debenture convertible into 13.5 million listed shares with 2.7 million detachable warrants

Conversion price:  10 cents per listed share

Maturity date:  June 6, 2028

Interest rate:  12 per cent per annum

Warrant exercise terms:  15 cents per listed share for a two-year period, subject to an acceleration right

Disclosure:  Refer to the company's news releases dated May 15, 2025, and June 6, 2025.