The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on March 14, 2022, and June 10, 2022.

Flow-through

Number of shares:  6,428,569 shares

Purchase price:  seven cents per share

Warrants:  6,428,569 share purchase warrants to purchase 6,428,569 shares

Warrant exercise price:  9.5 cents for a five-year period

Non-flow-through

Number of shares:  23,571,431 shares

Purchase price:  seven cents per share

Warrants:  23,571,431 share purchase warrants to purchase 23,571,431 shares

Warrant exercise price:  9.5 cents for a five-year period

Number of placees:  14 placees

Total existing insider involvement:  18,428,572 (five placees)

The company issued a news release on Sept. 20, 2022, confirming the closing of the private placement.