Further to the TSX Venture Exchange bulletin dated Feb. 18, 2025, the exchange has accepted for filing the following replacement debenture.

Financing type:  non-brokered private placement

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

Amended offering:  $26,098,521 principal amount of convertible debenture convertible into 57,996,713 listed shares with 19,332,237 detachable warrants

Conversion price:  45 cents per listed share (unchanged)

Original maturity date:  Dec. 31, 2025

Amended maturity date:  Dec. 31, 2026

Interest rate:  9 per cent per annum (unchanged)

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

New warrant exercise terms:  19,332,237 warrants to purchase 19,332,237 listed shares at a price of 58 cents per listed share, expiring on Dec. 31, 2026

Commissions in securities:  not applicable

Disclosure:  Refer to the company's news releases dated Oct. 31, 2025, and Dec. 16, 2025.

The debenture replaced the $23,881,821 secured convertible debenture, plus accrued interest, announced on Oct. 7, 2024, and Dec. 11, 2024, and accepted for filing by the exchange on Feb. 18, 2025.

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, Dec. 11, 2024, Oct. 31, 2025, and Dec. 16, 2025.