The TSX Venture Exchange has approved the issuance of 476,793 bonus warrants to Monetary Metals Bond III LLC (the lender) in connection with company obtaining access to the third and fourth tranches, pursuant to the silver loan in an aggregate principal amount of United States-dollar equivalent of up to 1.2 million ounces of silver according to a security promissory note and secured promissory note purchase agreement dated Aug. 8, 2024 (the advance), in the aggregate principal amount of $7,571,112 (U.S.), being the amount of United States dollars equal to, as of Nov. 6 and Nov. 13, 2024, 238,396.6513 ounces of silver.

Each bonus warrant entitles the lender to purchase one common share at 12 cents per share until Aug. 8, 2027.

For more information, please refer to the company's press release dated Nov. 13, 2024.