Convertible debenture:  $200,000 of secured convertible debentures (Each debenture consists of $1,000 of principal amount.)

Conversion price:  The principal in the debentures is convertible into common share units of the company at a conversion price of six cents per unit. Each unit consists of one common share of the company and one share purchase warrant.

Maturity date:  April 22, 2028, subject to a forced conversion provision

Warrants:  Each warrant shall entitle the holder to purchase one share at an exercise price of seven cents per share for a period of 24 months from the date of its issuance.

Interest rate:  5 per cent per annum, payable upon the maturity date

Finder's fee:  none

Disclosure:  April 15, 2026, and April 28, 2026