Further to convertible debentures issued pursuant to a private placement originally accepted by the TSX Venture Exchange on May 2, 2025, the exchange has accepted for an amendment of the convertible debenture. The company is not receiving any new additional funds.

Convertible debentures maturity date and conversion price expiry:  Dec. 31, 2027, subject to an accelerated expiry if the lender requires repayment of the convertible debenture

New amended convertible debentures maturity date and conversion price expiry:  Dec. 31, 2028, subject to an accelerated expiry if the lender requires repayment of the convertible debenture

Detachable warrants original exercise terms:  7.5 million detachable warrants with an exercise price of 12 cents per listed share until Dec. 31, 2027

Detachable warrants new exercise terms:  7.5 million detachable warrants with an exercise price of 12 cents per listed share until Dec. 31, 2028

The amount of aggregate principal outstanding is $3-million, convertible into shares at 12 cents per listed share of the principal outstanding. All other details of the new amended convertible debentures remain unchanged from the convertible debenture.

For further information, please refer to the company's press release dated Jan. 7, 2026, and Jan. 20, 2026.