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

Amended offering:  $15,433,754 principal amount of convertible debenture convertible into 41,712,848 listed shares with 21,381,422 detachable warrants

Conversion price:  37 cents per listed share (unchanged)

Original maturity date:  Dec. 31, 2025

Amended maturity date:  Dec. 31, 2026

Interest rate:  10 per cent per annum (unchanged)

Original 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 fully exercised prior to expiry on Dec. 31, 2025

New warrant exercise terms:  21,381,422 warrants to purchase 21,381,422 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 6,320,264 warrants, all 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 $13,985,960 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 April 7, 2022, Dec. 6, 2022, Jan. 24, 2023, Oct. 7, 2024, Dec. 11, 2024, Oct. 31, 2025, and Dec. 16, 2025.