Financing type:  non-brokered private placement

Gross proceeds:  $1,649,780.04

Offering:  13,748,167 listed shares with 13,748,167 warrants

Offering price:  12 cents per listed share

Warrant exercise terms:  12 cents per listed share for a three-year period

Commissions in securities:  292,700 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 12 cents for a three-year period.

Disclosure:  Refer to the company's news release dated Jan. 27, 2026.