Financing type:  brokered private placement

Gross proceeds:  $8,000,000.09

Offering:  76,190,477 listed shares with 38,095,238 warrants

Offering price:  10.5 cents per listed share

Warrant exercise terms:  15 cents per listed share for a three-year period

Commissions in securities:  578,750 shares and 4,361,642 warrants (three agents)

Commission terms:  Each non-transferable warrant is exercisable at 10.5 cents for a three-year period.

Disclosure:  Refer to the company's news release dated May 14, 2025.