Financing type:  non-brokered private placement

Offering:  $1,138,000 principal amount of convertible debenture, convertible into 11.38 million listed shares with 11.38 million detachable warrants

Conversion price:  10 cents per listed share in the first year, 12 cents during the second year and 14 cents during the third year

Maturity date:  three years from the issue date

Interest rate:  12 per cent per annum

Warrant exercise terms:  16 cents per warrant in the first year, 18 cents during the second year and 18 cents during the third year for a three-year period

Non-cash commissions:  135,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 18 cents for a three-year period.

Public disclosure:  Refer to the company's news releases dated Aug. 2, 2024, Sept. 16, 2024, and Oct. 12, 2024.