Financing type:  non-brokered private placement

Offering:  $3-million principal amount of convertible debenture, convertible into 20 million listed shares with six million warrants attached

Conversion price:  15 cents per listed share

Maturity date:  Oct. 29, 2027

Interest rate:  12 per cent per annum

Warrant exercise terms:  19.5 cents per listed share for a four-year period from the conversion date, subject to a maximum five-year period from the closing date

Disclosure:  refer to the company's news releases dated March 31, 2026, April 23, 2026, and April 29, 2026