Further to the TSX Venture Exchange bulletin dated March 25, 2024, the exchange has accepted for filing the following replacement debenture.

Financing type:  non-brokered private placement

Original offering:  $20,484,195 principal amount of convertible debenture, convertible into 40,968,390 listed shares with 10,664,324 detachable warrants

Amended offering:  $23,881,821 principal amount of convertible debenture, convertible into 53,070,713 listed shares with 17,690,237 detachable warrants

Original conversion price:  50 cents per listed share

Amended conversion price:  45 cents per listed share

Original maturity date:  Dec. 31, 2024

Amended maturity date:  Dec. 31, 2025

Original interest rate:  8 per cent per annum

Amended interest rate:  9 per cent per annum

Original warrant exercise terms:  10,664,324 warrants to purchase 10,664,324 listed shares at a price of 65 cents per listed share, expired on Dec. 31, 2024

New warrant exercise terms:  17,690,237 warrants to purchase 17,690,237 listed shares at a price of 58 cents per listed share, expiring on Dec. 31, 2025

Disclosure:  Refer to the company's news releases dated Oct. 7, 2024, and Dec. 11, 2024.

The debenture replaced the $20,484,195 secured convertible debenture, plus accrued interest, announced on Dec. 6, 2022, and Jan. 24, 2023, and accepted for filing by the exchange on March 25, 2024.

For further information, please refer to the company's news releases dated Nov. 18, 2020, Nov. 27, 2020, Dec. 6, 2022, Jan. 24, 2023, Oct. 7, 2024, and Dec. 11, 2024.