The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on June 23, 2022.

Number of shares:  12.02 million shares

Purchase price:  25 cents per share

Warrants:  12.02 million share purchase warrants to purchase 12.02 million shares

Warrant exercise price:  at an exercise price of 50 cents per common share until the date that is six months following the closing date (On the transition date, each outstanding warrant shall automatically (without any need for notice or action) convert into a one-half warrant and thereafter the holder will only be entitled to purchase one common share upon the exercise of two one-half warrants at an aggregate exercise price of 75 cents per common share. The one-half warrants will expire 18 months after the transition date.)

Number of placees:  12 placees

Insider:  Geologic Resource Partners LLC (George Ireland), 400,000

Agents' fees:  Canaccord Genuity Corp. received $2,400 cash and 9,600 agent's warrants. Haywood Securities Inc. received $10,500 cash and 42,000 agent's warrants. RF Securities Clearing LP received $1,800 cash and 7,200 agent's warrants. Each agent's warrant is exercisable to purchase one common share at an exercise price of 50 cents per common share until the transition date. On the transition date, each outstanding warrant shall automatically (without any need for notice or action) convert into a one-half warrant and thereafter the holder will only be entitled to purchase one common share upon the exercise of two one-half warrants at an aggregate exercise price of 75 cents per common share. The one-half warrants will expire 18 months after the transition date.