Financing type:  non-brokered private placement

Gross proceeds:   $200,000

Offering:  2.5 million listed shares with 2.5 million warrants

Offering price:  eight cents per listed share

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

Commissions in securities:   140,000 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. 22, 2026