Financing type:  non-brokered private placement

Gross proceeds:  $7.07-million

Offering:  88,375,000 common listed shares

Offering price:  eight cents per listed share

Warrant exercise terms:  nil

Commissions in securities:  2,839,850 finders' warrants

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

Disclosure:  Refer to the company's news releases dated Feb. 27, 2025, March 31, 2025, April 15, 2025, and April 22, 2025.