The TSX Venture Exchange has consented to the extension in the expiry date and reduction in the exercise price of the following warrants.

Private placement

Number of warrants:  9,053,800

Current expiry date of warrants:  Sept. 27, 2022

New expiry date of warrants:  Sept. 27, 2024

Forced exercise provision:  If the closing price for the company's shares is 9.5 cents or greater for a period of 10 consecutive trading days, then the warrantholders will have 30 days to exercise their warrants; otherwise, the warrants will expire on the 31st day.

Original exercise price of warrants:  15 cents

New exercise price of warrants:  7.5 cents

These warrants were issued pursuant to a private placement of 9,253,800 shares with 9,253,800 share purchase warrants attached, which was accepted for filing by the exchange effective Sept. 30, 2019. Of the 9,253,800 warrants originally issued, 200,000 have already been exercised by the holders thereof.