Financing type:  non-brokered private placement

Gross proceeds:  $1,194,000

Offering:  23.88 million listed shares with 23.88 million warrants

Offering price:  five cents per unit

Warrant exercise terms:  eight cents per listed share for a three-year period

Commissions in securities:  1,408,000 finders' warrants

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

Disclosure:  Refer to the company's news release dated Oct. 23, 2025.