The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 27, 2022.

Number of shares:  11,337,625 flow-through shares, 6,142,401 non-flow-through shares

Purchase price:   20 cents per flow-through share, 17.5 cents per non-flow-through share

Warrants:  3,071,199 share purchase warrants to purchase 3,071,199 shares

Warrant exercise price:  23 cents for a two-year period

Number of placees:  94 placees

Insiders:   Pierre Colas, 100,000; Mathieu Savard, 125,000; Andre Le Bel, 50,000; Joseph Jeffrey Hussey, 250,000

Pro groups:  12 placees, 1,293,000

Finders' fees:  an aggregate of $77,725.50 payable to Canaccord Genuity Corp., Raymond James Ltd., Leede Jones Gable Inc., Haywood Securities Inc. and Mine Equities Ltd.

Pursuant to corporate finance Policy 4.1, Section 1.11(d), the company has issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.