Financing type:  brokered private placement

Gross proceeds:  $3.5-million

Offering:  20,588,235 listed shares with 20,588,235 warrants

Offering price:  17 cents per listed share

Warrant exercise terms:  25 cents per listed share for a three-year period

Commissions in securities:  Red Cloud Securities Inc., 1,229,294 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 17 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated Feb. 27, 2025, and March 13, 2025.