Financing type:  non-brokered private placement

Gross proceeds:  $2,207,500

Offering:  22,075,000 listed shares with 11,037,500 warrants

Offering price:  10 cents per listed share

Warrant exercise terms:  20 cents per listed share for a three-year period, subject to an acceleration right

Commissions in securities:  469,000 finders' warrants

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

Disclosure:  Refer to the company's news releases dated July 8, 2024, Sept. 16, 2024, and Dec. 24, 2024.