Financing type:  non-brokered private placement

Gross proceeds:  $3,927,300

Offering:  13,091,000 listed shares with 13,091,000 warrants

Offering price:  30 cents per listed share

Warrant exercise terms:  40 cents per listed share for a three-year period

Commissions in securities:  368,640 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 30 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated Feb. 27, 2023, and March 15, 2023.

Trading in the company's securities will remain suspended.

Members are prohibited from trading in the securities of the company during the period of the suspension or until further notice.