Financing type:  non-brokered private placement

Gross proceeds:  $2,024,500

Offering:  20,245,000 listed shares with 20,245,000 warrants

Offering price:  10 cents per listed share

Warrant exercise terms:  20 cents per listed share for a two-year period

Commissions in securities:  86,800 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 20 cents for a two-year period.

Disclosure:  Refer to the company's news releases dated Jan. 15, 2025, and Jan. 29, 2025.