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:  $11,770,710 principal amount of convertible debenture, convertible into 32,696,416 listed shares with 15,061,158 detachable warrants

Amended offering:  $13,985,960 principal amount of convertible debenture, convertible into 37,799,891 listed shares with 19,424,944 detachable warrants

Original conversion price:  36 cents per listed share

Amended conversion price:  37 cents per listed share

Original maturity date:  Dec. 31, 2024

Amended maturity date:  Dec. 31, 2025

Original interest rate:  9 per cent per annum

Amended interest rate:  10 per cent per annum

Original warrant exercise terms:  5,061,158 warrants to purchase 15,061,158 listed shares at a price of 38 cents per listed share, expired on Dec. 31, 2024

New warrant exercise terms:  19,424,944 warrants to purchase 19,424,944 listed shares at a price of: (i) 38 cents per listed share for 15,061,158 of the warrants; and (ii) 42 cents per listed share for the remaining 4,363,786 warrants, all 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 $11,770,710 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 April 7, 2022, Dec. 6, 2022, Jan. 24, 2023, Oct. 7, 2024, and Dec. 11, 2024.