Financing type:  non-brokered private placement

Gross proceeds:  $3,099,375.0375

Offering:   23,614,286 listed shares with 23,614,286 warrants attached

Offering price:  13.125 cents per listed share

Warrant exercise terms:  18 cents per listed share for a two-year period, subject to an acceleration right

Commissions in securities:  1,889,142 warrants

Commission terms:  each non-transferable warrant is exercisable at 18 cents for a two-year period, subject to an acceleration right

Disclosure:  refer to the company's news release dated Jan. 12, 2026