Financing type:  non-brokered private placement

Offering:  $4-million principal amount of $1,000 convertible debenture units, with each unit convertible into 9,524 listed shares and 4,762 common share purchase warrants

Conversion price:  10.5 cents per listed share

Maturity date:  April 14, 2028, and April 27, 2028

Interest rate:  7 per cent per annum

Warrant exercise terms:  15 cents per listed share for a 36-month period from the date of issuance

Non-cash commissions:  2,479,999 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 10.5 cents for a period of two years from the date of issuance.

Public disclosure:  Refer to the company's news releases dated March 27, 2026, April 6, 2026, April 14, 2026, April 27, 2026, April 28, 2026, and May 13, 2026.