Further to the TSX Venture Exchange bulletin dated June 26, 2024, the exchange has consented to the reduction in the exercise price of the following warrants.

Private placement

Number of warrants:  6.25 million

Expiry date of warrants:  June 10, 2027, and June 20, 2027

Forced exercise provision:  If the closing price for the company's shares is 7.5 cents or greater for a period of 10 consecutive trading days, then the warrantholders will have 30 days to exercise their warrants; otherwise; the warrants will expire on the 31st day.

Original exercise price of warrants:  80 cents

New exercise price of warrants:  six cents

These warrants were issued pursuant to a private placement of 100 million common shares, with 50 million share purchase warrants attached, which was accepted for filing by the exchange effective June 26, 2024.

For further details, please refer to the company's news release dated Aug. 28, 2025.